Evening star. [volume] (Washington, D.C.) 1854-1972, 1900-09-06
FINANCE AND TRADE
Bearish Sentiment on the New York
Exchange Today.
BULLISH TENDENCY IN LONDON
Brooklyn Rapid Transit Was Again
Under Pressure.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star

Special Dispatch to The Evening Star
NEW YORK, September 6.-American
railway shares were strong In the early
dealings In London this morning. with ad-
vances OF y to y over New York closing
prices Atchison, Baltimore and Ohio and
the Pacific issues were the strong features
The continent continued to buy the Pacific
stocks in that market.
The local stock market at the opening
this morning presented very dull and
lfstiess speculative spirit-just the opposite
OF that which characterized yesterdays
early aggressive movement, and this, too,
In spite OF the early higher London quota
tons. Nothing in the way Of stimulating
news or gossip was heard on the floor of
the exchange or in the street. Consequent
ly prices were at about and in some cases
traction lower than those OF last nights
closing figures, Rubber stock being about
the only exception, its early price being off
l per cent from that of yesterday. The
weakness developed in BROOKLYN Rapid
Transit stock In the late trading of yester-
day was again noticeable this morning. and
on rather heavy selling and very little in
side support the price OF this specially
yielded l per cent.
Sugar stock was very inactive and almost
stationary, the fluctuations running up and
down within the morrow limits of q per
cent. American Tobacco showed IN per cent
decline at the opening. but recovered the
heavy on reports of another reduction In
the price of Bessemer pig iron.
Chesapeake and Ohio was up u at the
opening, but In sympathy with the general
list lost "a point. Early dealings. however
were without special significance.
In the coalers there appeared to be a lit
tie uneasiness over the possibility of a
strike in the coal regions. Stocks in this
group declined from 1 to liz per cent on
very limited selling orders.
The reported increase of over $1,000. 600 I'm
Pennsylvania Railroad Companys net
earnings for seven months of the current
fiscal year-which Is about 3ls per cent on
the capital stock-helped that stock a little
In the afternoon trading. Southern Rail-
way preferred was also feature in the late
trading. the stock showing an advance of
ia per cent over yesterdays final figures
on rumor that the stock will be placed on
per cent basis at the next meeting of
the board of directors of the company.
The strength of Southern preferred and
pennsylvania induced little covering In
Brooklyn Rapid and Peoples Gas, but the
rest OF the list was only fractionaly bene-
flied.
Sterling rates were reduced u per cent
Tor both long and short bills Money
loaned at IL. The west and south were re-
ported to be borrowing money from Chi
cago banking institutions to move cotton
and grain crops.
Railway reports still continue to show
substantial increases over last year, but
the public give very little evidence OF
awakening interest in specula ton, and this
Is natural enough considering the still
doubtful outlook In China. the aggressive
political campaign now being waged by
Mr.. Bryan, the threatened coal miners
strike and the apathy displayed by the
pubic toward things speculative.