The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-09-20
STOCKS ON 4 down GRADE
PRONOUNCED WEAKNESS ExTEND-
ED PRACTICALLY THROUGH
OUT THE LIST
LIGHT MONEY AND THE STRIKE
These Seemed the Principal Factors
Responsible for the General
Decline In Active
Securities.

Close. Day.
Bar silver, New York .......... 627s e629s
Call money. New York. 11z-22 11z-lzs
NEW YORK, Sept 1s-Quite severe in
! trading had stopped on the stock ex-
change today, and an average level was
| established considerably lower than the
| low point touched on Monday morning
before the rally commenced. The diff
Guilty Of continuing the advance which
! was felt yesterday, and was emphasized
take their profits and the two days ad-
vance was effectually wiped out. After
the speculative holdings bought on Mon
! day were dislodged the market came to
attacked again in the last hour and sold
vigorously by the bears, making the
closing easy and near TO the low level
of the day. AS a result a long list of
prominent railroad and miscellaneous
stocks show net losses ranging from one
to two points, Tennessee Coal was the
over points on large selling. closing
with net loss of 81. The weakness was
the more conspicuous as other stocks in
the steel group were relatively steady
up TO a late hour. Thc4special weakness
of Tennessee Coal was due to the heavy
decrease IN August surplus earnings and
the general know edge that the companz's
export trade is hampered by high freight
rates on the railroads and the scarcity
OF ocean freight room. The local trac-
tons were -c0nspicucusiy weak as a
group. The pToposition to require the
Brooklyn Rapid Transit company to put
its wires under ground was interpreted
as an expression of a general municipal
policy towards these CORPORATIONS. To-
bacco suffered TO the extent of 21a. Peo-
pies Gas was relatively firm but yielded
to the late selling movement. The days
weakness in stocks must be explained
by general disquiet over the anthracite
miners strike and the money market
outlook. The announcement Of advances
IN the price of coal was ian unfavorab'e
factor in the market. The money market
continued firm in tore, and call loans
commanded per cent At the MAXIMUM.
AltboUeh there was AT slight reaction in
Sterling exchange. 1t is thought probable
that further gold will so out and there
were rumors Of roulfiniVing foreign loans
TO be placed IN New York. which found
no confirmation. Discount rates continue
to harGen abroad. and the speculative
world recalls last wears, severe expert
ence. when the foreign needs drew god
In the very crisis Of the money stringency
precirita ting the December manic The
specua i've imitation at that time seemed
TO drep oIlt Of account in today's com
nar'snn Money continues to move. to the
interior In large volumesv both bv tale-
graphic transfers through the subtreas-
urY ard by express ard registered mail
I'he slfbtrHaeilrV Maid flrfber drafts to-
day en- gold deposited or the Pacific asst
and the disbursement for pensions was
also Iarge. but payments for the latter
account have reached their maximum for
tho present.
Bonds which We're active in the market
were weak but Others held firm Total
sales. NOR value. 81 .GeE,0G0 II! S ref %
bid price.
STOCK QUOTATIONS.
Furnished by Charles H. f. Smith &
Co, members Of the New York Stock ex-
change, Pioneer Press building who have
direct wires to Chicago and New York
Closing prices are bid: