The evening times. [volume] (Washington, D.C.) 1895-1902, 1902-08-02
GRADINGS we're In
Limited PROPORTIONS
The Market Shows Extreme
Inactivity.
TONE GENERALLY STEADY
Dealings in Railway List in Small Vol
ume and With Limited Results-Lon-
don Market Suspended on Account CT
Midsummer Holiday

NEW YORK, Aug. 2.-The trading
was in extremely limited proportions in
today's Stock Market, and, in fact, a
number OF the usually active shares
were scarcely dealt in at all. During
the first hour Of business. for example,
only leo shares Of St. Paul changed
hands. The tone OF the market was,
however, generally steady. The local
traction stocks were all strong, with
quite animated dealings in Manhattan
Railway and Brooklyn Rapid Transit.
Some Of the miscellaneous securities
also showed pronounced animation,
lslses in point heing the American Smelt-
/ ing stocks and Standard Rope and Irvine
/ incomes. Amalgamated Copper also was
firm, as were Tennessee Coal and Iron,
and Republic IRON and Steel
The particular tendencies appearing
in Manhattan Railway were apparently
based upon the suggestions Of the estab-
Iishment OF closer relations with the
New York Central Company The re-
yiyaI Of these IDEAS seems TO be directly
trsceabIe to the mooted plan OF the New
I !
ger depot above the Harlem River, and
current rumors appear to De altogether
unsubstaHCiated- There Is, on the other
hand, a persistent notion in Wall Street
that New York Central Will eventually
control the elevated lines, hence, when
the rumors to this effect are revived,
they meet with ready acceptance Tho
frmness OF Brooklyn Rapid Transit
seemed 10 be wholly 10 sympathy with
the strength OF Manhattan Railway, and
! there was, at all eyents. no news or gOs
/ sip attending the movement in that IN
stance
The dealings in the railway list were
n small volume. and produced limited
results. Comparatively active features
/ there we're AtchIson, St Louis, and San
Francisco. and Southern Pacific Rock
Island was steady on small dealings. The
/ London stock market was closed today,
/ and business Will be suspended there IN
/ III Tuesday, on account OF the observ-
ance Of the usual midsummer holiday at
that point.
/ Little definite information respecting
the anthracite stIike situation was
available, and weather conditions IN the
grain belt we're satisfactory
( The weekly returns Of the mercantile
agencies set forth the prevalence OF
I gratifying conditions in the country ;
trade at large.
/ The bank statement showed a decrease
/ in surplus reserves Of Sf.754, CO., The
/ decrease il actual cash ysae much small
/ Ter than had been indicated in any OF
/ the preliminary estimates Of the week 5
I movement n money, amounting to only
( $500. 900. On the other hand, however,
/ the loan account rose 81, 81, GOO and de-
I posts increased s., 0z8. 000
/ The statement was generally far out
I Of technical proof. It had been expected
/ that on account OF the quite heavy
/ liquidation IN the stock market in the
I earlier part Of the week, there would
/ have been q cuFtaiIment IN the loan &c
count, hence the increase in that item
! took observers commonly by surprise
/ The banks still hold S13. z38. 900 in ex-
/ cess CT the lawful requirements.