Evening star., 1901-09-06
Stocks We're Dull in Both New York
and London.
Squirt IN MoNOE ISSUES
Said to Be Due to Another
Consolidation Scheme.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star
NEW YORK, September Elm the Lon
don stock market today American railway
shares were quiet and prices at about our
closing figures of yesterday. A disposition
was manifested by the traders there to
await developments I'm the monetary sit
uation on this side and the outcome OF our
latest efforts to end the steel strike. The
market there on the whole was lifeless. as
there was practically no business done In
the American department. London stock
exchange Will be closed tomorrow on ac-
count of holiday there.
The local stock market. like that In Lon
don. was exceedingly dull in all classes Of
securities. but fairly steady, considering
the weak closing Of yesterday. The holi
day In London tomorrow had q tendency
to check foreign trading here.
There was one exception to the listless
trading In the morning speculation, and
that was in the Monon shares, In which
there was very fair buying and a rally Of
over point. These purchases. II was said
were made on the talk Of the Monon sys-
tenn being bought in by one Of the large
trunk lines
The Atchison issues were well sustained
and II was stated that the Berwind interest
was disposed to add to its holdings of the
preferred stock
st. Paul was only moderately we'll sup
ported and long stock seemed to come out
on any little rallies It looks as though in
siders were not averse to seeing the price
or the stock shaded some before the next
dividend is declared. and which Is expected
TO be announced next Thursday.
Union Pacific and Southern Pacific were
fairly well supported and rallied easily on
any little covering indulged in now and
then by the shorts.
Colorado Fuel was rather heavy In a
somewhat narrow market. Sugar was in
sympathy with the general list, easing on
and then rallying with the general specu-
latfve temper. Good buying was In evil
dence In Leather preferred on rumors that
early steps would be taken to liquidate the
dividends now in arrears.
There were the usual rumOrs In regard to
an early termination of the steel strike
but the United States Steel stocks were not
active and the little trading in them showed
a declining tendency.
In the afternoon the market rallied
little on the announcement by cable from
London that $5OO,OO in gold had been en-
gagged there for shipment to this country
This stimulated sentiment somewhat. and
also encouraged the covering Of some short
contracts by the bears. Union Pacific ad-
vanced over point from the lowest price.
Brooklyn Rapid Transit. which was the
weakest this morning. recovered over a
point. while Twin City advanced points
on heavy traffic reported by the COMPANY.
In most instances, however, the railway
list improved only fractionally.
Another incentive to rally the market
seemed to be on the talk around, the room
that the bank statement tomorrow will not
be as unfavorable as was expected earle.
In the week. Money Is still going to the
west. however, and into the treasury too,
and more activity In money is looked for
next week. This may tend to imports OF
gold, which will counteract to some extent
the stinening Of call rates. A bull market.
however, with these conditions Is not prob
able; to the contrary. 1t will not be surpris-
ing II the market gets little set back Until
the monetary situation becomes little
clearer - : :.