The times. [volume] (Washington [D.C.]) 1897-1901, 1900-09-28

NEW YORK. Sept 27.-Wall Street APP
peared to reach the conclusion today IL 1t
the strike of the anthracite coal miners
was approaching a stage where an amicable
settlement was in sight Having reached
this conclusion, heavy buying orders for
both accounts appeared in the market. with
the result of forcing a general sharp adj
vance in prices. The convictions noted in
regard to the prospects for an early set
Element of the anthracite strike appeared
to be based upon the conference held yes.
terday at a leading banking Office in this
city, where most of the coal companies
were represented. directly or indirectly.
In the opening of business the market
showed q sharp and general reaction from
the level prevailing at the close OF bust
ness yesterday. It's initial tendency seemed
to be owing to the disappointment that THIS
mornings news contained no definite con-
frmation of the reports current at the ciosa
of business yesterday. under which the
market advanced SO rapidly then, and in
addition. LondoD's influence, such as 1t was,
was diseouraging. The London market was
depressed, chiefly because of growing ap-
prekensions regarding the monetary sltua-
.tion there and fears even appeared to be
current that this country might require the
settlement of a part OF its credits IN hn-
rope through the remittance hither OF goid.
The weekly statement of the Bank OF
England showed that that institution had
just about held its own in the past week,
but open money market rates were dis
tfnctly firmer. No change was made in
the official discount figures OF the oank
The actual dealings in this market for for
eign account were in trifiing volume ana
the days transactions were altogether In
the hands of local operators and governed
by local circumstances. 1t may be that in
addition to the negotiations regarding the
PENNSYLVANIA labor troubles scme encour-
agement was derived from todaT's sub
mitted returns of railway traffic, and the
showings unquestionably could ne con-
strued in no other way.
Money market conditions were not es-
sentially altered but foreign exchange was
substantially easier. The prospects of an
other heavy decline in the banks reserves
to appear in Saturdays statement, which
were indicated by all the preliminary cir
cImstances, appeared to cut no figure
whatever in the days dealings. The recov-
cries scored in the market following upon
the early depression were, as noted, gen.
eraI and pronounced. Advances appeared
in every quarter of the market, and, in
deed. the dealings developed few features
of particular interest.
All Of the anthracite coal shares were
naturally very strong and there were note
worthy advances In the bituminous coal
stocks also, particularly in Norfolk and
Western. Baltimore and Ohio, and Chesa-
peake and Ohio The industrial quarter
and the local traction group advanced in
common with the remainder of the market
There was particularly sharp advance in
c. c. c. and st. l.. which, while not di-
rectly accounted for by official announce
ments, was generally assumed to fore
shadow the bringing of that property into
closer relations with the systems with
which it is affiliated In respect OF owner
ship.