The Washington times., 1901-08-08
MARKET CONTINUES DULL.
Narrow and Irregular Fluctuations
in the Days Dealings.
Fairly Heavy Transactions in United
States Steci-suEHr Refining Strong
Union Pacific and ST. Paul Lead
the Activity in the Hallway List.

9. States steeI-sugar Refining Strong
Union Pacific and ST. Paul Lead
the Activity in the Hallway List.
NEW YORK. Aug. S.-Wau Street re
c,ived with composure the news that
President Shoffer, Of the Amalgamated
Association. had issued orders for a gen
ural strike Of the members of the union.
The stock market. in fact. continued eX-
tremely dun and prices showed the same
narrow and irregular fluctuations which
have r. suited from the dealings Of the
last ten days.
Appa: entity the construction placed upon
Mr.. Shaffers latest step was that it was
only 4 normal symptom OF general tr0u-
BILE, which. in the natural order Of things,
viii probably present a worse appearance
before there is permanent change for
tho better Iuasmuch as opinion is now
fairly unanimous that there can be but
one issue to the strike. each successive
departure has come to be regarded as
little more than date mark punctuating
the inevitable progress of the matter.
With the course of the day nothing def
mite was added to the general infornla-
tion relating to the status of the strike.
but there seemed to be an impression
going on underneath the surface which
would result in terminating the trouble.
Confirmation of this notion was wanting,
and it may be assumed with certainty
that there Will be no settlement which
Will make It neco ssary for the corpora
tion to recede from the position Its rep
resentatiyes assumed at the last abortive
conference with the executive board of
the Amalgamated Association.
There We're fairly heavy transactions
today in the United States Steel issues,
but the resultant fluctuations were linn
ited. There We're no very clear indications
that the stocks were being supported in
the sense that Wall Street employs this
term, and the general dealings in them
did not indicate that any artificial sup
port was necessary
Sugar Refining furnished the only other
considerable activity in the Industrial
quarter, and continued strong. reports
current that there would be an early
change in the management of the com
pany not being generally credited.
Aside from Il few of the specialties,
there were no very extensive movements
in the railway list, where small and irreg-
ular changes in prices appeared. The
Nickel Plate issues were firm, and there
was a further remarkable advance in ST.
Lawrence and Adirondack. Union Pacific
and st. Paul were again the leaders Of
the railway list in respect to activity,
and underwent fluctuations Of the same
uncertain character tndt nave marked the
dealings in these stocks for the last week.
A very considerable short interest has
been created i'm both issues.
In the instance Of Union Pacific, the
bearish contingent is apparently counting
upon the effects Of the disappointment
on the part Of the SPECTATORS at the alb
sencc Of any change in the rate of divi-
dend to be declared tomorrow, but ii is
not possible To ascertain upon what par
ticular theory ST. Paul has been selected
as the object of special attention on the
part OF operators for decline.
London WAS particularly negliziDie
factor in the market both in respect of
the quotations furnished from that
quarter and the subsequent dealings here
for foreign account. Sterling exchange
continued yery firm. but the possibilities
of expectations of gold with the course
Of the week did not appear TO cut much
figure in the speculation.