The St. Louis Republic., 1900-09-27
EXPECTED ADVANCE IN
CONSULS NOT YET MADE.
NO RESPONSE TO END OF
BOER WAR SIGNIFICANT.
Some Strength Shown in New York
Stock Market, but There Was
g Tendency to Sag.
PFPuBTJC SPECIAL

PFPUBIJC SPECIAL
New York, Sept. 26.-This being the first
day OF the London settlement after the ac-
count had been adjusted with rates. mostly
a. per cent and 5la per cent on Americans.
considerable strength was shown and fairly
well maintained up TO the close. Northern
Pacific, however, was a conspicuous ex-
ception and was sold IN large quantities for
Berlin.
No material changes were recorded in
money or exchange IN any Of the European
centers but the wsrlLke attitude OF Ger
many In the Chinese difficulty continued
10 seriously check speculative interest in
the markets.
In tho local market some little strength
was shown ut the opening, but later there
was renewed pressure Of liquidation in
spots. and there was q general tendency TO
sag The selling was not quite heavy
as IN the recent past and there seemed TO
be Httle buying IN places by the commits
sion houses, as well as the usual covering
by local shorts.
The steel stocks were especially weak
with most. of the sales coming from the
West Tho Grangers were heavy. and 1t
looked as II there were pool selling. IN
Burlington. at any rate. TIE Northern Pa
| ciic report did not create favorable I'm
Apression and liquidation. believed to be for
Berlin. accented the weakness In the stock.
Baltimore and Ohio was heavy and the
selling looked like pool stock, which would
not be improbable IN view OF the rruXini-
fly OF October l. when 70 per cent becomes
due upon the Gi,rc9 new shares At the
present price II looks as If the underwriting
syndicate would be saddled with Some OF it.
Sugar was well bought on declines and II
was said tha, the company had an ample
supply Of raw sugar 10 carry Il forward
until the arrival Of the new crop.
The close. with few exceptions was wax,
all departrnents suffering more or less. HafI
eoalers however showed good resisting
power and S.. Paul was well bought on any
decline Northern Pacific common was es-
pecally weak on rumors Of bono issue
snd the result seemed to be pool selling IN
Missouri Pacific The fractions were
heavy. and Metropolitan lost considerably
In spite Of good buying orders.
The annexation Of territory by RGssla IN
China was sufficiently serious and the re-
porLed intention OF ths oet h1sh ~ - g a. a.,
nent to declare war makes the situation N
ne Far East increasingly grave NitA the
British general election coming on; tt'e
salisbury Government VIII be eXcSeullsIy
careful not 10 get itself entangled IN any
trouble that would prejudice the result
should be remembered that the boer
recovery- Of at least points might have
oeen expected IL consols This advance mas
aot been made, and may. therefore. ps TAX
g a. the index 20 the anxiety felt IN Ec-
rops. None has q harder tendency IN Lon
eon. but the Sank of England's position
strong one and the rate is little likely
70 ee advanced unless serious oetn1iids foF
e9,1 Tor Berlin develop.
strike news shows a disposition on inc
psu Of the operators to treat slmhltahe-
sasy with the men as individuals II re,
Eains TO be seen whether the union VIII
,yisent but in any case this Will weaken
ny ny bands of the strike leaders cons;oera-
said to be using strong EFFORTS 10 get the
latter adjusted.
american Tobacco declared the usual
Staend Of Ia per cent There was aolns