The times. [volume] (Richmond, Va.) 1890-1903, 1900-09-08

l0k MARKET
PROBES ROE E=ssION.AI.
ii! Clique Was Only Moderately.
Successful
The STEEL STOCKS ], / We Re o ulEl.
Marse. Was Of sen,e.siat yy.der
Scope Ti,an During tie Past
Month. Influential Traders
Having Returned
The STEEL STOCKS We R E 0 UlET.
(By Associated Press !,

4
NEW. YORK, Sept. 7.-Io-day's S-ock
11als;'ket Was exclusively in professional
is4tscs. Although it was but a marrow al
lair. il showed evidence OF some appear
failce OF rather larger scope than nave
peea ScensGuring The summer. resulting III
:iai probably, lne resumption OF actlyltg
by some OF the influential traders VINO
nave been away for the summer
Efforts by bun clique Were IN evidences
but they met aeitn cniy moderate success.
iisssr method seems to be to pass from one
:sA8si, 10 another on successive Gay >, 5seh
lag some appearance OF continuity III lte
movement by manipulating stocks al
which The interests are aited OF WHICH
.a.S mutually affected by some develop
3at.t4t s91. conditions
ao-aays Missouri Pacific was the faYofl1e
at an extreme advance at the low point
ca "a a. Dealings were on large scare,
'stle ST. Louis southwestern was hrousnl
~ on tax with close relations with
Missouri Pacific.
Meantime inc Southern Railway stocks
1sitesa peailcsand Ohio and Southern Pacl-
nc ana sotner stocks which had been I'M
yer manipulation earlier in the Week, We're
flelu BACK by profit taking The Tears OF
a strike OF anthracite miners was de-
pressing factor. and Reading list pfd.
delaware and Hudson and New Jersey
,enlrsai We're off from to ~. at tunes
: cGTlEs the day.
Liquidation IN the coalers was not large,
however. London was a seller in this
market. owing to uneaSlnesS on account
az the anthracite situation and to tirmer
1sloIfey rates in London The holiday in
closing out OF account
IN Inc list of specialties. Peoples Gas
anu Brooklyn Transit We're the most con-
spacious .igureS, and owing TO the fact
mat the indentical interests III the two
properties are large, the contrary move
rlenti in the stocks was stranse the
late dealings this opposing movement
was rather palpabiy due to manipulation
Brooklyn Transit being run W IN rnvall-
ing effort to check the decline in zPeo-
pies Gas The latter dropped 219 below
Inc high level Brooklyn transit gained
? points net, the demand from the short
interest playing part in ITS strength
i factor in the movement Sugar moved
narrowly on a small volume of dealing
minus the dividend which was declared
early in the week, and closed With d
small net gain.
The steel stocks were rather quiet, Ten
neSSee Coal raliyinS' sharply from yeSter-
Gays depression
The money movement is interesting as
showing an excess OF shipments over re-
ceIpts by express for the first time this
season The sharp decline in New York
exchange at Chicago from so cents dis
count yesterday 10 30 cents discount to-
day, explains the source of the demand.
although money has gone out quite freely
10 the South during the week. Gains by
The Sub-Treasury operations. due TO pay,
inentS on account of Government bond
redemptons and of deposits of gold at
Pacific Coast points, leave a large mar
gin Of gain 10 the banks, the indications
being that the increase in cash reserves
has reached over a million dollars.
Continued liquluation OF Kansas City
Sout.-eTn bonds was the feature OF the
Dond market; trading otherwise was
small Total sales, par value. $500, zoo
United States old As advanced Il in the
Total sales of stocks to-day We're $1,000
SaareS.
MONEY AND EXCHANGE.-Money on
cali steady at 1l4a1a per cent; last loan
at ia per cent Prime mercantile paper,
7,t. per cent Sterling exchange easy,
with actual business in bankers bill at
s4-ST for demand and at Si-S6's for sixty
Gays; posted rates, 4ta.Si1a@4.S 50 and 4.SS11a;
commercial bills, S4-s.a4aji. So. Silver
certificates, 6.t2.to:.l5: bar silver, 62afs;
NTaSic., dnltaIc ISI, Government bonds