The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-07-24
C0NSQLS ADVANCED
IN LONDON MARKET.
NOTEWORTHY ADVANCE IN
PARIS.
Tone iii New York Distinctly
Strong and Sentiment Consid-
erably More Bullish.
EEPCBLrC SPECIAL.

t-taFJ :fis.I cP.'!Als.
New York. July a3.-The market in Lon
don WIS distinctly better to-day; the most
conspicuous feature being All advance Of
e per cent in British consols to 9Sia The
general market shovel strength and Amer
ican stocks G. aseG about best a; a frac-
tioHal advance on the day. The Chinese
e.tuation was regarded as rather more
hopeful. but the tendency Of money was
toward higher rates. both IN London and
elsewhere.
The advance n Paris was particularly
noteworthy. This may be taken TO ind!-
cato cessation Of gold shipments fro:a
London TO that center and probably also
from New York.
The tone n the local market was distinct
L. strong and sentiment was considerably
/ more buIlish. Steel stocks had quite
conspicuous rally and the feeling
s.eri. 10 be that thsy have about dis
counted all the bad news there is and are
well prepared for lower prices for their
commodities. fractions were also conspicu-
o1sly strong. insiders being particular
II bu!ish On them. Brooklyn Tran
cit advanced on buying for Flower In
tcrests ard the belief that the company
would he victorious or the l0-cent fare. The
granger stocks benefited by the improving
crop reports. Tn: Pacific stocks were strong
and well bought. Southern Pacific I'm par
ticular advancing under buying for usually
welI-inforned quarters The CHANGERS and
trunks were all moderately strong. and. al
though commission houses did not record
great deal or business, there seemed to be
signs that the public was more inclined TO
take hand
The market was strong throughout, tho
buying continuing of the same character
to the last. With considerable covering OF
Efforts in the ErangerS and the steel stocks.
The borrowing demand showed some reduc-
ton in the short interest and the commits
sion houses reported a rather better day
with some what UGrg outside interest in
market movements.
The tendency at present Is to feel hopeful
on the Chinese difficulty, and Il is. at any
rate, hard to imagine the reality being any
e'vorse than the rumurs. The danger OF the
sitra ton lies not 50 much IN the task OF
bringing the Chinese 10 reason as in the
possibilities OF quarrel among the first
csass Powers over the indemnity TO be eX-
acted. The Chinese Government seems able
60 issue edicts at viii from Pekin and ii
shOud be possible FOR them TO give definite
information on TIE position OF Europeans
t:iere London continues 10 sell stock in
this market. although il probably did not
amount to more than loOs shares to-day.
Another adjournment seems likely in the
Brooklyn Transit case on the Decent fare,
but to Judge by the buying the insiders eX-
poet 10 see Il sustained. The recent rains
H. Kansas have greatly helped the late
corn. although there seems to have been
good dea: OF damage In the western half of
the State The heaviest loss seems to have
been in forage. but the drought may cause
shortage OF loeoyl.00O bu. Of corn. North
west shows 4 gross Increase Of S52.S6S for
tae month Of June. Anthracite reports in
olcate the usual uulluess due 10 this season