The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-07-26
FINANCIAL.
N. w. HARRIS g. COMPANY
h "A NIX EES
CHICAGO NEW To2K BOSTON
LONDON CONSOLS WERE
HEAVY AT THE LOWEST.
TRADING WAS DULL At HOME
AND ABROAD.
New York Market Spiritiess-No
Exports of Gold Anticipated
J Pools Well Supplied.
REPUBLIC SPECIAL

REPJ-RIIC SPECIAL.
New York. July 25.-The London market
was spiritless and inactive all day and
closed near the lowest. COnsols were es-
pecially heavy at g1Ss. the lowest point they
have touched yet and decline of = pr cent
the day. 1t was considered likely IN Lon
don that a further war loan would DO
foated to provide for military expenditures
In South Africa Ashanti and China Dis
counts were firm in London, but showed
DO change In Paris or Berlin. The upward
tendency OF exchange rather relieved tho
London market. and with the Paris check
al 3. shipments Of gold are not probable
In the local market the trading was very
Sul. London's transactions were trifiins
not amounting 20 more than 500 shares On
the day. American Tobacco showed some
strength on buying for one OF the prinCi-
pal inside interests Sugar was maEipu-
lated by the pool, but more long stock came
out and tr7sriers were rather inclined TO sell
it Railroad stocks We're heavy On the re-
ported labor difficulties Of New York tn
trail hut the declines We're ROT 50 marked
as on Tuesday. 81. Paul was lower on
The decrease shown N III" earnings and the
other srangers - mIta, hzed.
There WAS very f.ir buying Of the Pacifics
on the declines, and. although tho Tendency
WAS 10 l.g. the selling MAS at time Ic-
tive and the losses were merely fractional
The fractions held moderately We'll a. spite
. Of pressure from outside speculative IN
Nrs supposed to be we'll informed. rhe
e\Sel stocks we're distinctly heavy and there
seNQed an inexiiausrihIc supply OF long
STOCK on any real advance.
The market was dull all around and al
most entirely lacking in incident. The room
seemed rather at a deadlock. ior while the
Changers snc one or Two other stocks seem
10 be OversolG. 10 judge by the borrowing
demand. the POOLS nave apparently
much stock IS they care about for the pres
enl. No exports OF gold are anticipated, IN
View of the advance in exchange on Paris.
Railroad earnings keep up remarkably
we'll, sixty-fcIr roads ~ the seconu week
In July showing an average increase Of ever
per cent, anu at The prices stocks look
fairly cheap. st. falu VIII show an cd niuS
capacity OF "a per cent, In spite Of the most
drastic Whiting of tor Improvements. Tie
rImor or consolidation between Car and
Foundry and Pressed Steel car Company
has been revived. The crop situation has
lost its terror Tor the Western roads IN
view of the Large miscellaneous traiiic they
all getting, and ii Is noticeable that in
stead of talking OF total loss or partial
loss" the most psssimistic merely allude to
& short crop.
There Is very little liquidation going on In
the market and the borrowing demand indi-
Gates considerable short interest. Ii the
Chinese position has improved, some OF
the morning papers claimed, the duWnwar d
tendency OF British ConsoIs and French
rentes Does not prove it, Ii ia case where
TO news is bad news, and II j. obvious tina
Il the ENJOYS have been murdered il Is to
China's interest to keep the fact conceal led
es long as possible