The Washington times., 1901-09-07
LITTLE ACTIVITY EVIDENT
The Market Dull and Almost
Without Feature.
Speculative Attention Shifts From
the Railway List to Other Quar-
tcrs-Signs of an Over-ENtended
short Account shown nt the Close.

Speculative Attention Shilts rum
the Railway List to Other Quar-
tcrs-signs of an 0ver-EStended
short Account shown at the Close.
NEW YORK. Sept 6.-Today's stock
market was extremely duh and the deal
ings resulted in few movements OF any
Importance. The r;ain influences IN trad
ing were still the steel strike and the con-
ditions prevailing in the money market.
Money on call today ruled between and
s per cent for the bulk of the new borrow
ing The preliminary estimates of the
money movements of the week indicate
loss to the associated banks of over Si,-
100000
1t is impossible to forecast the changes
in the loan account. but irasmuch az
lenders have supplied the greater part OF
Wall Streets requirements this week II
is believed that the loan account Will
show a material increase. To great
extent the unoasiness respecting the
monetary situation was mitigated by the
announcement that S50o,Gc0 in gold had
been purchased in London. presumably
for shipment to this country, although
the destination of the metal was not defi-
nitely stated a further shipment of e5O0,-
COO in gold from Australia to San Fran
cisco was also announced.
The market opened with a very uncer-
tain tone and showed a good deal of pres
sure in various directions, but there was
a fairly general rally On the announce
rnent of the engagement of gold in Lon
don for shipment. London was otherwise
not factor of any weight in the local
dealings Irregular price changes were
furnished from that quarter and the deal
ings here for foreign account were of in
consequential volume. 1t is probable that
the present critical condition OF atalrS
in the steel strike situation mad Goou
deal to do with restricting an active trad
ing.
Such activity as appeared in today $
market shifted from the railway list into
other directions. Brooklyn RAPID iranslt
was the feature of the early dealings IN
further decline, which was presumably
owing to rumors published this morning
that the company is meditaung a large
issue of bonds. No confirmation OF the
report was obtainable and with the
course of the day the stock recovered the
whole of its early decline. There were
active dealings also in People Gas ana
Amalgamated Copper, Doth OF WHICH "eie
rather heavy.
Sugar Refining was firm on the an
nouncement of an advance in the selhn2
prices of some grades OF the Tenneg
article. The fluctuations in the tinted
States Steel issues were extremely I'M
ited. and the trading in them vas nat
urally curtailed by the uncertainty as &c
the result of today's efforts to bring the
strike to a close.
The railway list was generally STEADY
with the dealing, however, in extrenei.
light volume Firm features were Erie
common, Pennsylvania, and Union Pacihc
St Paul was also somewhat hrmer, not
withstanding the opinion that no change
would be made in the rate of DIVIDEND
next week. Some of the usually inactive
railway stocks were well supported, con
spicuous examples being Evansville ant
Terre Haute and Chicago. 1ndianapoli!
and Louisville, the dealings therein being
attended by reports that connection be
tween the two properties was contem
plated.
The market developed a little animation
with the course of the day and tht
trading disclosed some evidences OF al
overextended short discount.