Evening star. [volume] (Washington, D.C.) 1854-1972, 1899-08-19
FINANCE AND TRADE
Good Buying Of the Changers and
Some Speoialties
DECLINES IN THE NDUslRIALS
Bank Statement Was ayorabIe,
With Few Changes Noted.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK. August 19-In!tial trading
In today's stock market was rather com-
monplace London's holiday and the GUS
tomary inclination to await the publication
of the bank statement resulting in irregu-
lar and perfunctory operations In certain
OF the properties in which cliques are op-
Grating an effort was made to open them
as nigh as possible This effort very nat
urally was succeeded by profit-takins
around the room, and syndicate brokers,
while accepting practically all offerings.
We're not bidders during the later trading.
The Willingness to buy gave strength to the
conviction that the advances in the special
ties are not yet over
The buying of Atchison was particularly
good and was continued right up 10 the
close of business. The July statement
shodld be published during the coming
week, and if up to expectations. will justi-
fly present prices.
Southern Pacific was closed one-half
point higher than last night but having
fulfilled the prediction for the week there
was no special interest in improving its
level.
southern Railway sustained in sim
liar manner but Norfolk and Western was
aggressively bought at times.
Inc granger shares We're again promi-
nent, the buying noted yesterday being re-
sumed on a considerab BILE scale. St Paul
was especially strong under rather positive
assurances of larger dividends and Rock
cellent support
The strength in this department was the
re2i feature of the market, and will allow
for a more uniform advance in the general
tiSt The market has gained in breadth
curing the week and commission houses
nave taken on more active air.
me steady return of influential interests
from vacation tours. the strong underlying
financial condition and the public belief in
an active fall are factors which materially
assist the present tendency of prices. The
market is remarkable thus far for the
amount of discrimination displayed
The industrial list has been neglected for
the meritorioUs issues in the regular de-
partment. All sound markets are based on
such trading. Untried concerns flourish
ly on the surplus strength Of the main sit
uation and the gllliblity of the public. At
the end of the week the industrial depart
ment is irregular in action and uncertain
in tone. Sugar. tobacco and the steel stocks
failed to hold their advances. owing to the
disinterestedness of the present active
operators. Tennessee Coal and Iron was
the exception in this department. a 3 per
cent advance being recorded in these shares
under moderate dealings
The bank statement was rem&rka BILE for
the inconsequential changes reflected the
net result being favorable but in such lin
tied degree to make it only a passive
factor for good.
The gain in lawful money is a trife over
S1,HD.ND, and all in specie. The loans have
increased s1GtS.fO0, which is relatively
small in view of the increased speculation
and the more favorable money rates for
time accommodations There is evidently
TO hurry on the part of borrowers TO Elk
tend their loans at the reduced rate The
deposits have increased 81 ..S2 80 and the
ret result of all changes is shown in an
Increase of siS6.073 in the reserve Money
markets do not threaten prices and new
activity can only tend toward betterment