The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-09-09
IN THE STOCK MARKET
With the Exception Of DabbIue 10 Spe-
clallles,
NO INTEREST ATTACHED 10 DEALINGS
Stocks of the Anthracite Conveying
Roads Were Let .iIone--No uncasi-
ness over Money Market.

New York, September s.--with the exoop-
ton OF a dabblins speculation In some Of the
specialties. notably Peoples Gas. Sugar and
Brooklyn Rapid Transit, no particular In
terest attached 70 the dealings. The holiday
In London aggravated the dullress ana the
weakness OF the active specinlties made the
general tone heavy. Tho impending strike
Of anthracite miners had depressing indus
enoe or sentiment generally, though the toal-
srs themselves were little affected. New
Jersey Central recovered most OF its early de-
cline and Reading nrst preferred was not
down more than fraction at any timc. None
OF the other stocks OF anthracite carrying
roads we're dealt in. The comparative finn
ness OF the coolers was partly due to the
rooen large output OF coal from the mines
and partly to belief that tho strike might
DO restricted within marrow Hmiri But the
prospect OF = controversy between laborcrs
land such large investments or capital he
ing abandoned to histlla means for cettlc-
mcnt aroused uncaslness among hotier5 ANA
operator. in securities, Yesterdays recb9-
TO relapse today aud Peoples Gas oOn-
tinued. large demand from the shorts
rallied the stock and praetic9!iy an Tue i0ss
was recovered. The weak bank returns
failed TO affect the marllet The movement
lof currency to the interior has been larger
than the preliminary ostnates indiratei lt
us ENlutut Lndi tno h1NkS nAN0 phCu piIEDu
TO draw on their legal tenders TO lue1t ;A.s
demand. IL had been expected that tho m
terror demand this fall might be met ~ the
newly issued notes OF the New York Danke,
which do not figure IN the casa set aside
to meet the legal reserve requirement. 1he
figures OF tho banks show that this mas not
been the case. The loan increase Was made
in tho local money market "a time oans
and on purchase OF commercial paper M
stead OF on sterling collateral, as has lten
the ease for some time past. The net result
IS deeline In the surplus OF a llrtle over
81 900 900.
The stock market made false start tyain
this week after tho three days OF idlencss ard
after brief hurry OF activity dropped back
into lethergy and prices sagged again 10 the
former level The general inveHtment or
speculative world was not participant In
the dealings at any time, but there was some
evidences OF holder aud larger operations Of
"a professional character which were sup
posed to be due TO the rc-entry OF 'i1e Of
the influential speculative leaders newly re-
turned from vacations abroad. The board
room professionals who have a.trou.cd the
prevailing dullness TO political causes expected
that tho determination Of the Verm jlt clec-
toral contest would lead to some activity.
The London stock market was Impressed
with thc same view and American atoeks
were pushed up hriskly on the London o.
chang on Wednesday before the opening
hour. The local market eagerly awaited itself
Of the London demand TO unload some heavy
blocks. Later In the day stocks wers bnuf hi
again in the hope that the demand from
London would be renewed on Thursday, hut
that hope was quickly disslpated Ihursdny
morning and london clearly showed It's ais
appointment at New York'H failure 10 CO.
operate in the buying movem mi. che errauc
fluctuations in Brooklyn Rarid Transit were
especially attributed 10 the undcrourfcnt OF
munleipal politics and other corporations
dealing with public utilities woro likewise
affected The disposition on the part OF
Londcn to buy stocks was inarGdsad by The
marked ease OF money at hat center III d
tho genNally more choerful view held OF
ure adopted by the Bank OF England by large
borrowings from tho opon market checked the
downward tendency OF money and ETve No
intiDiatlon OF knowledge VI some fIture de-
mands 10 be made upon the money markets
II can not be said that any Vneaainess ~.
lists in New York over the future Of tne
money market, in spite OF tho probability
of further extraordinary dapian for gold
from abroad. Rates have become ephifr
for time loans and Western bauks ocntnpe
to buy commercial paper in Now York below
the close by New York bauhs
The increased business In iron and steel
and the progress made toward adjustment
OF wages are considered favorable as for az
they go but the dednitive status OF n 0 In
dustTy Is felt yet to DO dooidsd. and the
future prices OF steel rails especially are
looked for to help to decide the future Lev el
rails and coal are serious ele nehts IN the
expenses Of railway operations though rail.
way earnings continue to be well 10, m
tanned.
sugar had its periodical surprise over the
dividend declaration and then heaame quiet.
A feature OF the week was the strength OF
silver on the demand for remittance to China.
Tho apathy OF capital toward securities has
been quite as marked In the bond market as
in the stock.