The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-10-07


The conditions that prevailed last week
in the Stock Market were stiI present this
morning and prices faded away in num-
Der Of securities rapidly and in the entire
list fracti0nally. The copper stocks. Su-
Gar. and other industTi4IS went Of most
sharply, but St Paul. Missouri Pacific.
and other railway issues were also seem
insly fer the time being without friends.
As far IS may be judged, the inside in
terests Rave stepped aside almost entirely
Whetht- they wish 10 see lower prices
as a preliminary to a bull campaign later
in the year. or are simply Indifferent re-
garding the present market. so long as
there is not q panic. is an interesting
question that Il seems impossible TO an
sWer, however There are still many con
serVauve people that believe the bull
movement j. not yet over. and that prices
VIII be much higher during the coming
winter, and that there viii be a big dis
ulbutOn or securities 10 the public. IN
deed. II this Is nor the programme Of
the insiders they will act differently from
the way that they have always acted be-
fore IL might be inferred with much rea-
so-lapieness from recent events that the
insiders have become convinced that u
bull movement is impossible without "a
previous decline in prices The pessiInis-
tic utterances OF the newspapers supposed
10 represent the mOneyed interests most
nearly are an indication along this line
Sugar was perhaps the most sensation
ally weak feature Of the list this morn
ing, its break 10 ll3 and a fraction coming
suddenly in TWO or three transactions
after the market had opened To many
these transa ctions looked very much ike
reaching down for the lowest possible
level The current talk Of the trust has
become extremely pCssimistic. much be
Ing made Of the alleged claim OF the
sugar beet people tha- they can put their
product on the market for 3 cents, and
Of alleged poor earnings by the American
Company recently Whether this tall, is
simply a bear campaign or not Will de-
Nelop later probably.
The copper situation does not become
more definite. The copper stocks on the
other side were weak again this morning
and following them there was a further
break in Amalgamated I'm New York The
question whether the price Of copper will
De reduced or not has not been decided
apparently On the one hand il is said
that the price is artincialy high and that
The demand for copper is very small on
the other hand the officers Of the Anal
Eamated Company say that they do not
consider the price too high and do not
propose 20 lower u. They predict that
both the foreign and the domestic demand
VIII increase rapidly ia the near future
saying that stocks on hand are very
small everywhere.
After opening firm this morning. General
Electric dropped four points between quo
tatiOns to the lowest recent price. The
tax OF this c0mpdnys affairs has been
extremely optimistic and even this morn
Ing the Wall Street papers had glowing
articles on the earnings Of the concern.
1t would seem that these articles very
evidently were prepared to aid the insid-
ers In selling stock as high as possible
The General Electric Company undOubt-
6dly Is most prosperous concern, but
81 the Industrial situation Is radically
wrong somewhere this Company will suf-
fer with others. On the other hand the
simple fact that other Industrial securi-
ties are declining without good reason is
a reason Why the same fate should come
20 General Electric
Railway earnings both for August and
for the last week Of September are ex-