The Washington times., 1901-09-06
TRADING In LIGHT VOLUME
Most Of The Advances in the Stock
Market Shaded Later On.
The Dealings Nearly All of g Profess
siousi, Observation-Disclosures Con-
ditions StiIl the Centre of Attcu-
tion-Pressure in st. Paul shares.

NEW YORK. Sept. 5.-The stock mar
ket opened strong and continued fairly
steady during the greater part of the
session. but the dealings were in light
volume and the trading was generally
narrow and professional. Money market
conditions again seemed to enSross the
bulk Of attention, although the actual
conditions prevailing there, at least in
the call loan department, were somewhat
easier than they were yesterday. The
greater part Of the days borrowing on
call was effected around per cent. There
was no significant alteration in sterling
exchange conditions, and the prospects
for early importatons of gold were 10
more clear than they have been The
days other routine new was limited to
the further returns of railway traffic for
the last week of August and for other
periods.
The steel strike situation appeared to
be much more favorable. inasmuch as the
corporation has been able to reopen sew
eral of its important plants. while the
attitude of the strikers would seem to
indicate that they are losing confidence
There were few extensive or significant
movements IN the days market. a num-
Der of the specialties and industrials were
actively dealt in, and were strong, but
the movements in the railway list were
sluggish and irregular
In the early dealings. the Eries were
conspicuously strong, as We're Pennsyl-
vania, Norfolk and Western. and Cana
dian Pacific. but most of the advances in
these were later on shaded or altogether
wiped out. There were fairly animated
dealings in st. Paul but the stock con
tinucd to reflect pressure which was ap-
pafently owing to unofficial intimations
that no change in the rate of dividend, to
he acted on a week hence, was likely.
The local traction stocks were generally
heavy, although the dealings in that
quarter were in small volume. except in
the case of Brooklyn Rapid Transit. The
last named stock was decidedly weak
beleted annual report of the company
world make a very poor showing.
The fluctuations in the United States
Steel issues were comprised within frac-
tfonal limits, notwithstanding the more
encouraging aspects OF the strike situa-
tion. Pacific Mail was the conspicuous
feature of the so-called specialties and
the stock displayed a good deal of
strength. which appeared to be part ow-
ing to the suggestions made in the Presi-
1dents speech delivered at Buffalo today.
In the same quarter of the market there
We're extensive fluctuations in Colorado
Fuel and Iron. with reports that change
of the control of the property was likely. |
London was not factor of any weight
in the local dealings. A slightly higher |
range of prices was furnished from that |
quarter. but the purchases and sales for |
foreign account were about equally dis |
tributed
An interesting contribution to the gen |
eral statistical situation was furnished by |
the usual monthly statement of the Treas
ury department. showing the amount and |
kinds of money in circulation in this !
country outside of the Treasury holdings |
on September l. These figures showed an /
increase of nearly sl0.oO9.ee0 within the |
tember l of last year.
There was little further intelligence re-
specting the agricultural outlook. but one
Of the most credited authorities in the
grain trade reiterated its previous esti-
mates that the corn crop would not fall
below ], 400 0G0,0a0 bushels.