Evening star. [volume] (Washington, D.C.) 1854-1972, 1900-08-25
FINANCE AND TRADE
Renewed Weakness in Brooklyn Tran
sit and Peoples Gas.
BEAR TENDENCY In STOCKS
Politics Expected to Be Factor
in Near Future.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK, August 25.-The course Of
prices in today's stock market was of the
same monotonous character as heretofore
persistent selling Of Brooklyn Rapid Tran
sit being the only feature. The street is
filled with theories relative to the weak
ness In the property mentioned but the
best opinion seems to be that the attack is
purely speculative. The decline attracts
some support, but the friends Of this family
OF stocks are not yet ready or willing to
force out the opposition. Weakness in
Peoples Gas and the heaviness in Sugar
give the market an appearance Of decided
heaviness at times.
Some mixed selling Of the Changers. not
ably Burlington, was noticeable during the
day, commission houses figuring In the
sales.
The bank statement was in line with yes.
terday's predictions. The gain In cash has
been S5,091,50O nearly all in specie The
loans have increased s2.51s 700 and the de-
posits are larger by $7.O3S,5OO. Circulation
has been increased $500, 400 and, taken In
connection with previous increases is
noteworthy feature Of the report. The net
result of all changes Is reflected by an in
crease Of 1891, s75 In the reserve, bringing
the total surplus up to SO, SIS, 925.
The effect of the statement on the mar
ket was characteristic of recent movements
The stocks which had been under pressure
during the morning sold off and closed
about at the lowest point OF the day, while
the inactive issues gained fraction.
The market has reached a point at which
guinness and strength cannot further be de-
pended upon to preserve stability. The SELL
ing party is becoming more and more ag-
gresslVe, and less effort will be required to
depress prices and more to sustain them as
poitics grow In prominence
Inc latter factor can longer be ig-
nored and the uncertainties of the out
come must have the customary effect mon
speculation During the entire week there
nave been no. recommends tons to buy
stocks A few commission houses have
Fentured the opinion that the market was
a purchase on the declines. but the declines
have not been sufficient to remove the
qualifications in the advice to buy This
conservatism is attributable to politics
Inc vacation season is nearing it's end
and September should find an increased at
tendance both at the board and in brokers'
offices.
Should activity follow 1t will be based m
politics and will be intended as discount
ing or the November results. The New
england elections will give some clue to the
trend OF the public mind on the leading is
sues, and the usual crop of figures from
partisan sources will follow rapidly
Aside from the elections. facts are rather
encouraging in the matter of routine de-
tei'Plnet.s' Earnings are good, and off,
cial assurances are given that ahundant
business Is in sight
Roads In the southwest are doing well
and even In the northwest. with its small
crops, there Is no concern. Trunk Line
business might fall off without detractinR
from the value OF securities. The weekly
trade reports are optimistic but the yaca-
tion season prevents any reflection of ac-
tive business especially in the retain trade
iron and Steel are working slowly around
to a profitable basis and the larger con-
Germs are confident of satisfactory business
later on. Everything favorable to the
stock market would seem to be IN the fu
1ure, the mood and the men both being
among the missing quantities The hofi.
Gays from next Friday to Tuesday week
will serve to dwarf the present volume ~
business.