The age-herald., 1901-07-11
MONEY MARKET
 PROBLEMAT|CAL UneaSineSs Over Its Future Brings Renewed Weakness EXPORT GOLD SHIPMENTS ,Llqaidatlons in Large Volume Came From All Quarters During the
 Latter Part of Session-Act-
 i've Speculation Expected.

New York. July 10.-With call loan rates yielding to a lower figure it was nevertheless apparent today that un- easlness over the future of the money market was the principal cause of the renewed weakness in stocks Anxiety on this point was somewhat relieved yester- day by the indications that full disburse ments were beginning to come again in the market but it was revived today by the engagement for export of $750,0O0 in gold
 Idduidation was in large volume during the latter part of the day and seemed to come from all quarters. The active selling by commission houses reflected the outside public's share in the move ment The larger part of the dealings and the most notable price movements were in the same stocks as for several days past notably St. Paul, Rock Island, Atchison, Union Pacific, Missouri Pacific ! and Louisville, but the list was very gen. erally affected, the eastern trunk lines sharing quite fully in the days weak ness,
 Indications went to show that specula- T tive buyers on the recent past, and even long time holders who refused to be shaken out even by the May panic, were among the sellers The growing conVic- s ton that there would be sufficient ease of money before the fall demand for moving the crops to incite to acliVe specula ton. was borne in upon specula- tors who were holding large lots in an . ticipation of a midsummer buying move ment and they threw over stocks In large volume under the conviction that the money conditions might be worse oelore they are better again. The gold export was the most important factor III caus- ing this feeling, The fact that interior hanks are already feeling the demand Cor nonev from the agricultural centers is an indication that demand on New york vii. come unusually early thls year. ,,oe ,s hv i'm norts of gold from abroad ana iorelsp money markets have calculated upon sup plying gold from such movement Al outward movement of gold after the July Settlements abroad and when exchange hills against future shipments Of grain are already in large supply in the New fork market comes as shock. Propapiy tne unsettled conditions in Germany expiail, the movement which must De speciai one. although the plans of the Austro-
  for currency purposes may have US part. The announcement of the engagement found the market well above last night level on a continuance of yesterdays re- covery but liquidation set in at once ana , was continued in increasing volume until the close which was active and weak at fabout the lowest. The net declines In 7 the market leaders reached such fgures as the following: Rock Island. 8; St. Paul. 5a; Atchison, 55s; Union Pacific, 5l: Missouri Pacific, 5N; Kansas and Tex as preferred 4% Louisville and Nashville 4ss: Iowa Central, 5; Iowa Central prefer red, 7h; Chicago and Eastern Illinois, b. In other prominent active stocks, 1n- cluding some of the Eastern trunk lines and leading specialties prices are be- tween 2h and points lower on the day. The steel stocks are about points low CT. The unbroken drought in the corn belt and an effort to discount the expect ed unfavorable showing of the govern ment's monthly crop report, were ele- ments in the weakness of the market, but were note sufficint to account for the general weakness shown.
 The railro&i bond market was fairly ac- tive at lower prices Total sales, par value, $3, ,095, ,0O0 United States refunding 2s declined A per cent on the last call.
 New York Stock Market.