Show n CAUSED CAU ED A DROP Decline in Some of the Principal Stocks in fn Wall Street Streett t READING UNDER UND R PRESSURE t SLUMP IN FUEL AND ANDIRON ANDIRON IRON maN t Nj York ork S se p J volume of or MSS not peaty flatly Pow below those thos of yesterday hilt but the dearth of interest t to Its the market and the d dead d level of ot dullness were more pronounced at any time yesterdays re tei up upward UPward ward movement of or prices was pretty promptly halted after the u market got started and there was quite liberal by b yesterdays ye buyers Th The decline was not far extended and only a few of the principal active I stocks were aed as much as a point Reading was notably under pressure ure the selling being supposed suppo ed to tobe tob tobe be b I unloading of some pool holdings taken on intention of a rise in the price As a matter of fact tact the con consideration of the past heavy earnings by the anthracite carriers has gener sener generall generally ally all given gt ven way to the effect of ot the w die l of ot the accumulation of ot steam sizes of oC coal al followed by the shutting down of some of or the collieries and ana some of ot the suggestions of a curtail curtailment curtailment ment meat of or production The event of the Us day In Iii Inthe inthe the financial l world was the advance in inthe Inthe inthe the Bank of ot England discount rate rte by bya a full tun 1 pet per per cent from S I to 4 per cent This is one of oC the customary cut mry measures of or to o oppose O DOse an outward movement sold voId The advance is not unusual in Inthe inthe the he fall months month but is generally de tie delayed ayed later laser than this But the drain upon the Bank of England gold fold supply has IRS become so considerable as to sug suggest suggest gest the t interposing of some obstacle from the Over v r was waa taken bank today and of or this went to o Germany which is the principal source sour of the drain dran The London mar market market market ket was decidedly depressed In conse consequence c nse quence of the advance In the rate the price of console falling lower than dur durIng lug Ing ng the Boer Boor war ar The depression depre lon re reflected in New York from that source however was ws but hut slight lIght and sales for London n account were small This may have lave been due to the fact that New NewYork NewYork York Cork is likely to Join in the demand on London for gold before long Our reign foreign exchange ange market re reSPonded to the increased bank rate in London but our money market wa was practically unaffected The hea heavy r liquidation in the cotton market was as due to the complete e tr at the condition of the crop rop reported by the agricultural department and this was naturally natural a favorable Influence ence upon stocks The effect however was Wu scarcely perceptible The continued firmness in Izi the corn market attracted more nore notice The slump tump In Colorado Fuel was the thc consequent con nt influence in hi I passing of oC the dividend on the preferred stock and the heavy requirements for additional capital which are impending Im over the corporation Metropolitan Street Railway refi f tbd d the continued unfavorable le view flew of tie the t e turning back backby backby k by the underwriting syndicate man managers managers managers agers of their holdings of the stock to the dominant interests ts in the prop property property erty The market became practically stagnant late in the day and ana closed dOlled bevy t the low lw level The Die he bond market was very dull and irregular Total sales par value U l lU IT U S advanced ad 4 and the new uw n 46 2 P per r ent ept nt on thee thelast last t eRR call |