The evening times. [volume] (Washington, D.C.) 1895-1902, 1902-09-13
STOCK MARKET HAS
An IRREGULAR TONE
Relief by Anticipated Pay
ment Of Debt interest.
BELIEVE END OF STRIKE NEAR
Interest Largely Centered Upon the
Monetary Situation and the Bank
Statement Produces a FseIing Of Con
fdeuce-LittIe Doing IN Stocks.

NEW YORK, Sept. 13.-The Stock
Market opened with an irregular tone,
but with declines predomfnatfng and
with the trading in fairly large volume.
The tendencies of the market at the
time we're, broadly speaking. continu-
aaCn OF those Of the close of business
yesterday. and were based upon ,he
same general causes
Soon after the opening of business it
was announced that the Secretary Of the
Treasury had decided TO anticipate the
payment Of the interest on the Govern
meut debt. due October (. which would
release from the Treasurv some 81. 200
Geo This intelligence was succeeded by
a general but at me same tine limited
recovery in prices. IL other respects
there was little change Iu the situation
at large
Opinion appeared to he still strong
that the anthracite strike situation
would be materially cleared up during
the coming week. and the expectations
that cugag ements of gold for import
from Europe would be announced served
to restore confidence. \ very weak
bank statement was generally looked
for. fnasmuch as al of the preliminary
estimates concurred in setting forth a
loss IN actual cash by the banks OF
about $3.50, coo.
Comparatively L-tIe attention seemed
to be paid &c the additional reports Of
severe frosts in the Northwest, interest
beinS largely centereu upon the none
tary situation Amer can stocks were
shown at material advances in the Lon
don market, IN omoarison with ycsteT-
days local final prices. but little was
done here for foreign account.
There was no news whatever and lit
tie gossip of interest bearing upon par
ticular stocks. On the slight rally IN
prices after the opening ST. Paul. Louis
vile and Nashville, and the Atchison
shares moved up quite easily. but the re-
fcoveTy was succeeded by further irres-
tularity of movement. The miscellaneous
and Industrial issues were dull and the
dealings in those quarters developed 40
features OF particular interest. The 10
cal traction shares also were compare
lively neglected
The bank statement on the whole
made rather stronger showing than
had been commonly looked for. The de-
crease in actual cash was fairly well in
siAAS win tAAG preliminary tSl4EldLG 5.
amounting to S7.G38. 600 The loan ac-
count was reduced by S6.S75.000. and IN
consequence OF the change in these two
items the deposit account fell Sf462S, GJ0-
In consequence, surplus reserves de-
creased only 80, 3S1 900, which leaves the
banks in the possession OF $4,000 IN
excess OF the lawful requirements
The market closed active and gener-
ally very firm, particularly for St Paul!
the Atchison stocks. Illinois Central.
and Union Pacific. The Unexpectedly
favorable bank statement led TO the coy
Cring Of short contracts throughout the
market, and the buying from this quar-
Ter disclosed the fact that Only small
amounts OF stock were pressing for
sale The rally in prices was helped
by the expectations that the COMING
week would witness the termination OF
the coal strike and probably the be-
ginning Of impoTtations Of gold from Eu-
rope
The total sales of stocks for the
day were 10000 shares. and of bonds,
81, 127, 600