Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-09-26
Dealings Today Marked by In
suspicious Events.
THE NEWS FROM BUFFALO
Received With Mixture of Disgust
and Disquietude.
mo WORD FROM THE TREASURY
Crisis In Cuba Attracted Attention
Extensive Downward Swing Sequel
to a Feverish Market.
THE NEWS FROM BUFFALO
mo WORD FROM THE TREASURY
Special Dlspatch TO The Star.

Special Dispatch TO- The Star.
NEW YORK, September 28.-Deaiings In
securities were begun and continued our
ing the greater part Of the business ses-
sion under inauspicious circumstances Inc
political news from Buffalo was received
with mixture of disgust and disquletude.
and this intelligence was only in a measure
Offset by the more reassuring Intelligence
from the Saratoga convention.
There was further disappointment, also,
that no word was received with regard to
the intentions of the Treasury Department
toward relieving the monetary stringency.
particularly as 1t was generally known
that Secretary Shaw has been vigorously
importuned to take some action, and to
take II at once.
In addition to these circumstances the
critical state OF affairs in Cuba attracted
some attention, the more SO inasmuch as
1t fitted in with the days pessimistic sit
pation at large. AS has been the case
throughout the week. reports were current
that the Secretary of the Treasury would
soon announce some additional measures
OF relief IN the monetary situation, and
the general belief that he would do SO
sooner or later might be named as almost
the sole sustaining influence In the stock
market.
eral money market circumstances aside
from the hardening in the rates for loans
on CALL The latter had, however, been
commonly expected. and Is expected to be
witnessed in greatly emphasized form be-
fore the end of the week: Sterling exchange
was easier, and additional important en-
gagements of gold for import were an
nounced. The London stock market was
Arm, mainly because of the growth of an
idea there that the expected advance In the
Bank of England rate of discount tomorrow
might be averted.
Periods of Stagnation.
Operations here for foreign account were
represented by the purchase of few thou
sand shares Of stock. There was little of
much significance to be ELECTED from a con-
sideration of the technical aspects Of the
local dealings. Business was maintained
upon about the same scale Of activity as OF
yesterday. Notwithstanding that there were
protracted periods of actual stagnation.
Scattering commission house liquidation
was again evident, and continued aggres-
Bive operations for the short account
The market opened with an uncertain
tone and held fairly steady during the
forenoon session, showing. however. a very
feverlsh tone, and early in the afternoon
there took place a general and quite ex-
tensive downward swing. Aside from the
stocks of the public utilities companies 1t
was scarcely possible to set up any other
than technical explanations of the move
ments in one security or another.
The various changes in tone which the
market showed during the day were quite
generally participated in, and the dealings
in particular securities varied for the most
part only in point of activity. The chief
features in this regard were Amalgamated
Copper United States Steel common, Union
and Southern Pacific, Reading and Brook
lyn Rapid Transit.