The times. [volume] (Washington [D.C.]) 1897-1901, 1900-06-07
OUTSIDE TRADERS TIMID
Dealings by Professionals Reduced
to a Minimum.
EnrIy Cable Adviccs Show London
Depressed by DisquietinE News
From China-ConsOls mt N Decline
Railways Weak with n Few EN-
ceptions-coal and Traction Steady

NEW YORK, June 6.-The early cable
advices this morning showed London
sharply depressed in comparison with yes
terday's figures. The extreme decline in
consols extended to three-quarters of a
point and losses approximating that figure
appeared In the American quarter. The
noteworthy decline in consols was report
growing out Of the existing unsettled state
of affairs in China and, at all events, there
was no news from South Africa which
would account for the tendency of the Sc
curity in question.
The other of the European stock markets
were heavy also. under the same influence,
SO 1t may be assumed that the Chinese sit
uation is regarded as extremely grave by
foreign statesmen and capitalists. On this
account, also, the sales in this market for
foreign account attained a larger total
than for q number of days, fully $4,000
shares OF various stocks being disposed
Of here, with the heaviest selling appear
ing in the Atchison issues.
These circumstances combined with the
current tendency of local speculative opin-
ion produced quite unsettled and GER
tainly irregular stock market during the
course OF the business session.
London listed stocks, as was to be ex-
pected, were weak. An exception, how
ever, was furnished by Reading, which adj
vanced presumably In sympathy with
very sharp rise in Jersey Central. the
course of the latter stock being attended
by further rumors that the control of the
company was being acquired by connect
ing line in pursuance Of the SAINT general
policy which has already brought all the
important Eastern railway companies
under the control Of one or the other of
the two great trunk line systems.
Apart from the railway list. the most
pronounced declines took place in Ten
nessee Coal and Iron and tobacco stocks.
The movements in Sugar were irregular
and limited, although the stock again fur
nished a disproportionate share of the
days total dealings. Comparatively firm
features Of the market aside from the
anthracite group, were the local traction
shares. and Peoples Gas. OF the large
number Of statements of railway traffic
submitted today the majority of the roads
reporting made good showings. but the re-
turns nevertheless were rather more ir-
regular than have appeared of late.
Aoohy u8utee OF the dealings between
the banks and the Sub-Treasury since last
Friday show a loss to the former consid-
erably In excess of $500, 900, chiefly be-
cause OF the return to the Treasury of
funds held on Government account But,
notwithstanding this circumstance the
local money market was altogether unrut
fed, and there were no changes of any
Importance In any of the other features of
the situation. There was, indeed, rather
sharp advance in wheat, but the rise there
had little reflection in the dealings in the
stock market. 7-
Broadly speaking the dealings were iden-
teal with those of the past few days. in
that outside interest was almost at
standstill, while even the professional ele-
ment OF the boardroom were indisposed to
trade except upon the appearance OF pool
manipulation in one quarter or another.