The St. Louis Republic., 1903-09-09
STOCKS UNUSUALLY DULL
EVEN FOR THIS SEASON.
ELEMENTS OF INTEREST
ARE ENTIRELY LACKING.
Volume of Business Is Disap-
pointingly Small After the
Triple Holiday.

New York Sept S.-Cnusual dullness,
even for this period Of the year. charac-
terized to-day's stock market. Elements
of interest were entirely lacking and the
volume of business was disappointingly
small in view of the triple holiday and the
apparent intention of the secretary of the
treasury to relieve any strain on the fall
movement of currency. Opening prices
reflected firm undertone, traders taking
courage at the higher range for Americans
in London. Last weeks buying of Atch-
ison shares was resumed and some ac-
tivity was shown by Canadian Pacific,
Southern Pacific. Rock Island and Wabash
preferred. The buying of the Pacific was
reported to be for foreign account. London
being a factor in the city's operations.
trading In about 5000 shares. Commits
sion houses took virtually no part in the
business of the early day. The list sagged
generally after the first hour, all the active
stocks losing their advance. and at times
thereafter the market was absolutely In
ert.
PRICES YIELD.
Here and there where stocks were
pressed for sale prices yielded readily. for
instance. Reading. which was sold for
Philadelphia account. The early afternoon
brought q movement in several Of the
specialties. North American advancing
2is, Colorado Fuel IL and Consolidated
Gas IA No significance attached to the
advance in these shares. Some OF the
early selling of Amalgamated Copper was
traced to houses with Boston connec.lons;; =;
the day, In spite OF an advance IN the
price of metal at home and abroad
In the final hour there was some snort
selling of such stocks as St Paul. Atchi-
son, Rock Island, the Western group gen
orally and Brooklyn Rapid Transit, IN
duced In part by reports of labor troubles
ket closed dull and heavy. Some excellent
railway earnings were reported, notably
St Paul, which showed n net increase for
July over $4,000 New York Central; NOT nor
and Pacific and some of the minor lines
also showed material gains in gross earn
ings. The feature Of the foreign exchange
market was the appearance Tor the first
time this year of bills covering shipments
of spot cotton"
EXCHANGE FIRM.
These did not appear, however. In guam
titles sufficient to weaken rates for ex-
change, which held firm at 1850 for de-
mand. But the very fact that such bills
were released was taken to mark the be-
ginning of a larger export movement for
that staple Exchange brokers for weeks
have been looking forward to the inaugu-
ration OF this movement as aftording the
best basis for depressing the sterling mar
ket TO a level where gold could be used
as a form OF remittance. Locally, the
monetary situation was unchanged. Ad-
ditional gold imports from Australia were
reported and further payments for ac-
count of gold deposited at San Francisco
were made by the Subtreasury.
The bond market was rather quiet and
showed some irregularity in the early deal
ings. In the afternoon the market stiff
fened up and closed steady. despite the
heaviness in the stock market Total
sales, par value, 81 265.00o United States
new As advanced X per cent and the Is ;.
per cent on the last call