The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-07-28
AMERICANS HEAVY
IN LONDON MARKETS
CONSOLS WERE TN-
CHANGED.
Business Confined TO Manipulation
in the New York Market
fractions Strong.
prprRLIl, SPECIAL.

New York. July Z7.-The activity ia the
London market was practically conBuec II
British railroad stocks, which had quite d
considerable recovery from the recent low
figures Consols were unchanged al s1.4. and
American stocks were inactive and rather
heavy. Money continued in good demand In
London, but a little easier in Berlin. and
the advance in exchange In that center dis
Icsed of any likelihood Of any sTrtnSency
in the money market. There was No FOR
eigu uews OF special Importance.
In the local market tbs business was en-
tirely confined TO manipulation Of a few spe-
.ial stocks BY the various bull cliques. and
comnission-house business was almost ell
tirely absent Loudons transactions were
most triding. not totaling more taan 2,5,'
shares all together. TIE Consolidated Stock
Exchanss plunger and one or Two interests
more or less connected with the Inside ad-
vanced Brooklyn Rapid Transit, and the
buying in Metropolitan seemed Of a very
falr character. The old pool, after quite
long period Of inactivity. seemed to be
taking Burlington In hand again ConsoI!-
dated Gas advanced on inside purchases
and. as the new stock under the conditions
OF subscription VIII not be available for de-
livery for three months Or more. Il Will: at
least serve 20 create an artificial short In
terest. The steel stocks we're Inactive, pend
ing some definite announcement by the
conference of steel companies at present
sitting .n Chicago. Sugar moved up and
down pretty much at the VIII OF the bull
pool In Il. The amount OF business doing
generally was exceedingly small and pro-
fess!onal to the last degree.
The close, though somewhat inactive, WAS
distinctly firm, the strength IN the tr9C-
tons being reflected in the railroad stocks.
There is reason to believe that the Balti
more diyid. nd Is still unsettled. The buying
IN the soft-c0al roads fair and the
fractions were very strong. Trading, how
ever. was still very largely professional.
The borrowing demand continued 10 show
quite a little short Interest. especially ia
the Erangers.
Gable intelligence Indicated that the En-
Aloys, or Some OF them. were alive On July
s IN Rekin. with a possibility OF holding
out few days Longer, X not severely
pressed as this was three weeks ago no
body entertains much hope, and the diplo-
mats best accustomed TO Chinese ways
consi5er that that country is merely work
ing for delay TO push It's own preparations
for defense and on the hope that differences
may spring up amongst the Powers.
The anthracite cos! trade is still quiet
but the colleries ere running on longer
time than usual In summer. In order to ac-
cumula;e reserve in case of labor diff
culties- Demand sterling shows cunSidoIa-
bic strength, and the possibility of gold
shipments Is being discussed. No gold is
likely TO 90 10 PARIS at the present rate
OF exchange there. but further advance
of ,sc or might make il profitable 10
ship geld 10 London The bank statement
Tomorrow Is expected 20 show an increase
of s2.s0.oo or more ia the reserve and pos
sibly some reactions Is loans. Railroads
continue to show Ala average Of increases,
ire Northwest roads alone returning de-
creased earnings Judge Gary says that
the steel conference is not intended 10 or
Cec IL general curu'ilmcnt Of production. tt
is more TO compare notes ana ascertain the
exact state of supply and demand here.