Evening star. [volume] (Washington, D.C.) 1854-1972, 1900-08-09
Another Day Of Dizziness on New
York Stock Board.
PRICES, HOWEVER, WERE SUSTAINED
Some Activity in Atchison and
Pacific Shares.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star
NEW YORK. August 9.-Today's stock
market was a duplicate OF its Immediate
predecessors and had no distinguishing
characteristic other than stagnation. Lon
don was under the local parity and sent
almost no business to this side.
Gold shipments are now received without
the slightest indication of apprehension and
the preparations for the outflow al the end
| Of the week failed to find any place among
the Inducements to stock sales. There Is
no significant selling. and the buying 10
equally unimportant
The equilibrium is likely to yield to
one account the other Some brokers
incline to the opinion that higher prices
would follow activity. while others believe
that the dullness is discouraging to hold
ers Of long stock In greater degree than II
is encouraging to investors. IL the latter
view be true the dizziness will give way to
nQuluation, and not to an outside Invest
ment demand. The market Is waiting for
an incentive TO action, and once the lack
likely. ="
Prices hold remarkably well In smile of
tne guinness and in spite of the many over
snaoowing and complex questions the set
uement or which are vital to the country
and. therefore. vital TO vested interests
The political event of yesterday was pessed
over as a market influence in the same
manner as previous important events have
failed to interest the speculative element
II is Wen to remember. however that the
experienced and far-sighted members of
the board are not now interested in the
daily fluctuations.
The vacation period Is being enioyed nv
the big men, and prices are being made by-
the room. 1t Is the attitude of the inactiva
interest that the public Is waiting to deter
mine. once the Significance of the politi-
cal outlook, the Chinese war and the gold
outflow are disclosed by the market opera
tons OF the millionaire contingent the pub
Tic VIII join the movement. One trader will
Ioiiow anotner. put 1t takes a greater dem
onstration to enlist public interest
Ihere are already rumors that the Van
derpiit-Pennsylvania program will be re-
sumed at an early day by taking up the
eeai shares. Inc time does not seem
tfrely opportune for this movement, and
actual buying will be awaited as a guar
antee OF good faith.
The buying Of Union Pacific and Atchtson
was as good as any In the market, but
prices were only sustained and not adj
vanced. In these shares there is a semi
investment interest who are willing to buy
on scale down. Northwestern was well
bought during the day by investors and
there was a modest demand for the grang-
ers generally
There was no indication OF a strong in
spiratlon to sell anything. In this respect
the oHer TO buy preceding the offer to sell
made the surface of the market appear
very strong
In the Industrial list the result of the
trading was mixed. Sugar was given good
support, but the pool in Rubber was less
aggressive. In few of the Steel stocks
there was a willingness to buy on scale
based on the belief that some action look
ing to the Improvement of the trade would
be devised.
The fact that short campaign is assured
and the prospect for frequent political
scares being considered good patient
waiting can scarcely fail of good results
Satisfaction with Investments alreadk rns,1.
and the hope for greater bargains later on
IS curious condition in the stock market
Such condition is responsible for the pres
ent lack OF business by commission houses