Evening star. [volume] (Washington, D.C.) 1854-1972, 1900-08-15
Stocks Were Strong in Spite of Ad-
verse Conditions.
RAILROAD SHARES TEE FEATURE
American Sugar Was Irregular,
but No Heavy Selling.
GENERAL MARKET REPORTS

Special Dispatch TO The Evening Star.
NEW YORK, August 15.-Today's stock
market was strong in tone and, for a few
stocks at least, reflected an improved and
! more legitimate demand. London sent over
a higher range Of prices for Atchison ana
the Pacific issues, but was inclined TO sell
ST. Paul and Baltimore and Ohio.
The relief felt by the addition Of American
gold to the depleted holdings Of the Bank of
England is shown by a further advance in
British consols and the stability of foreign
security markets generally.
The outflow of gold by today's steamers
is the largest single shipment in decade.
If not in the history of the country.
The size OF the movement taken In con-
junction with the season of the year when
political scares are to be expected and prep
arations for moving the crops are certain
makes the indifference of the street the
more remarkable Whatever precedent may
suggest to the contrary. the present outflow
OF gold has apparently no adverse features
Money rates are easy to the point of un-
prottableness and the security markets are
positively strong in the face of such con-
dltions as might have produced a panic a
few years ago
The Chinese news indicates the approach
of decisive action within few DAYS and
the street confidently expects a satisfactory
turn to the tide of misfortune In thar
country. With the settlement Of the South
African war now but a matter of detail
and the Chinese situation likely to drift
into diplomatic channels the street is be-
ginning TO turn Its attention to the pro-
gress of domestic politics. There may be
less buoyancy when the latter question ia
considered at its full value.
commission houses frankly admit a
greater fear of the presidential contest
IMAM OF the International questions now
uppermost IN the minds of the public
Clients. on the other hand, have concluded
to act upon the presumption that IL such
Tears are the only ones 1t will be reason
ably safe to take risks on the long side
several new stocks were moved upward
To-Day because Of moderate extension OF
commission business. Atchison issues were
strong and st. Paul and the higher-priced
Grangers moved up under good demand
Earnings and prospects for this group con-
tinued good, and conservative buying is at
tracted on the basis OF merit The soft coal
roads Were in good demand during the ar
ternoon as the result of a better demand
Tor the anthracite issues earlier In the day
Sudden movements in Chesapeake and
Ohio and Ontario and Western were feza-
lures or the last hours business. The rail-
road list reflected very clearly program
or marking up prices among the shares
which had been neglected in the recent
slow recovery.
American sugar was irregular and in the
main out of sympathy with the strength I'm
the general market
The pool Is credited with some realizing N
tate, but not on an extensive scale The
buying of Brooklyn Rapid Transit and Peo-
PIES Gas was called good. but purely spec
uiauFe rms buying was beneficial TO the
general market, since ii was taken as an
lndlcation OF confidence on the part OF a
strong interest.
The market relapsed into dullness toward
the close OF business. but prices were vii
sustained There was no llouidatinn ga -,
pressure from the room. 4'