The Washington times., 1902-03-11
Uneasy Feeling Over Meet
ing of United Mine
Workers.
THE RAILWAY LISTS ADVANCE
Transportation Stocks Dull,
With an Early Decline.
UNITED STATES STEEL ACTIVE
Forenoon Dealings Showed Quite Ag-
gressive Strength, But in Course of
Day a Reactiora.y Tendency Was
Fairly Common.

NEW YORK, March 10.-The rates for
money on call crossed per cent today,
circumstance which has been clearly
foreshadowed for fortnight or more. In
the early part of the day there was a
rather marked scarcity of offerings and.
in fact, 3is per cent was bid without
meeting any supply rendered with that
rate
Subsequently rates declined on scat
tered offerings. and probably the bulk of
the days borrowing was effected between
3 and Sis per cent. These figures will
unquestionably involve a very consider
able shifting of loans.
Amount of Surplus.
Last weeks bank. statement showed
surplus cash holdings of less than
$4,000, ,000, and the figures did not include
Saturdays shipments of gold. Today's
statement of the operations between the
banks and Sub-Treasury since Friday
show a loss to the former of S3,950000.
which is just about the amount of their
surplus reserves as set forth in the last
weekly statement.
developments of consequence. Pessimis-
tic reports upon the state of winter wheat
crop were set forth by one authority to
whose statements a good deal of credence
is attached, and these naturally played
some part in influencing the days specu-
lative sentiment
There was again evident good deal
of uneasiness as to the upshot of We'd
nesday's meeting of the United Mine
Workers in the anthracite coal district
and In consequence the stocks concerned
were heavy, particularly as regards the
Reading shares.
Securities Suit.
The announcement that the suit Of the
Federal authorities against the Northern
Securities combination would be filed this
afternoon at ST. Paul also came in for
some attention.
The remainder of the days news upon
which un.avorable construction could be
placed comprised the threatened labor
troubles at one of the plants of the Amer
lean Bridge Company at Pittsburg and the
serious British reverse reported from
South Africa. This last Intelligence was
received after the closing of the London
stock market, which was, Of course, un-
tuclcDy-
The dealings here for foreign account,
however, continued UPON a wholly unim-
portant scale. The days dealings footed
up a fairly large aggregate, but the tone
Of the market was decidedly irregular.
Forenoon Dealings.
The forenoon dealings showed quite ag-
gressiye strength in certain particular di-
rections, but with the course of the day
e reactionary tendency was fairly COM
mon. In the early dealings the railway
list showed advances in excess of l point
in Iowa Central preferred, Rock Island,
st. Paul, Texas and Pacific. Colorado
Southern, and st. Joseph and Grand ISL
and, but subsequently recessions were
noted in each instance. Missouri Pacific
was comparatively weak throughout
The local transportation stocks were
dull, and in the afternoon declined along
with the remainder of the market, SINH
lar general tendencies prevailed among
the Industrial and miscellaneous stocks.
Active features were the United States
Steel issue, Pacific Mail, Colorado Fuel
and Iron, American Grass and Twine and
Republic Iron and Steel shares.