The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-09-19
SPIJRT Is AAIIfNED OUT
AFTER AN EARLY ADVANCE WALL
STREET MARKET FELL
DEAD
FooTE & HATCH SUSPENDED
Failure of brokerage Firm Helped
Along in Depressing Prices
ON the stock Ex-
change.
FoOTE & HATCH SUSPENDED

NEW YORK, Sept. 18.-The stock mar
ket demonstrated its inertness again to-
day. and the effort to continue Yesterdays
course OF recovery fell fiat Prices were
at one time advanced considerably above
last nights level, but they did not hold.
and the closing showed some of the gains
completely wiped out, and all of them re-
dueed to small proportions. The news
during the day of the failure of the stock
exchange house of Foote & Hatch had
a rather depressing effect, although the
suspension seems to be due entirely to
private causes. About 1900 shares of
stocks were sold under the rule for the
account of the suspended firm on the ex-
change, and the quotations for some of
the stocks sold were considerably depress-
ed. They recovered somewhat after the
selling underline rule was completed, but
in the late dealings Consolidated Gas was
forced down again and sold 2az under the
higher point. I4ac,ede Gas fell as much.
London was inclined to buy stocks in the
market, Notwithstanding the general de-
preston in that market, and the demand
from that source was a factor IN the ear
ly rise in the market. with a general
election impending, London expects a Pc
Rod of the same kind of dullnesS as has
been prevailing here. The expectation
that a portion of the American subscFip-
tons to the German loan will be paid
by the transfer of sterling exchange
bills helped to- weaken the London mar
ket. The strength of Americans in that
market, in spite of the general weakness
and of the further report in discount
rates, was distinction for that group Of
securities.
The New York money market showed a
hardening tendency and call loans COM
manded ia per cent. Time loans were
also more firmly held, Tha movement Of
~
both by express and registered mail, and
by telegraphic transfers through the sub
treasury. The amount transferred in this
manner to. New Orleans today amounted
to $685. 00 On the other hand, the sub
treasury was a debtor at the clearing
house today to the amount Of $2,091 ass
This was mostly represented by orders
on Klondike gold deposited at Pacific
coast points, but the payments for pen
sions were also large today. The ques-
ton of the exact process by which pay
ments for the German loaIizmay be made
Is still unsettled. The incidents of the
last week strengthened the conviction
that the controlling interests in~the .vari-,
Gus leading stocks willelend no counte-
nance to efforts by spectators to bull
prices pendingsthe solutfon*of the various
uncertainties hanging over the market,
but they are equally prepared to support
prices and protect stock when llnfavora-
BILE factors develop E
The bond market was dull and irregu-
lar, in sympathy with stocks. Total sales.
par value, S845,0o0. United States 5s adj
xanced Il 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: