Evening star. [volume] (Washington, D.C.) 1854-1972, 1900-08-23
Peoples Gas and Brooklyn Rapid
Transit Moderately Active.
ANOTHER DULL DAY ON 'CHANGE
Prices Of Stocks, However, Were
Well Maintained.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening star.
NEW YORK, August 23.-Prices opened
about at last nights closing parity and
were moderately well sustained during the
subsequent listless trading. The foreign
markets were inclined to heaviness and re-
Elected no real inquiry. London rallied from
the early declines at that center, but
neither movement was significant.
All business was suspended at frequent
intervals during the day and many ordinar-
lily active stocks were traded in only to the
extent of few hundred shares. There was
no adverse news from any source. and In
many quarters the technical situation was
considered unusually sound. Brokers' Of
fees are deserted and neither buyers nor
sellers find any attractions in the market.
Among traders interest Is also at a low
eob and the market has lost all character.
few shares of stock change hands from
day to day more from habit than design.
While idleness dominates the stock market
the corporations represented continue to
send out evidences of a prosperous season
The granger roads. In spite of crop disap-
pointments and future uncertainties, are
doing good business, and official utter
ances are uniformly optimistic
The great consolidation of eastern trunk
lines is conceded to have reached only its
preliminary stage, and much of material
as we'll as speculative significance remains
Few OF the properties supposed to be in
terested are the strongest features of the
present market. New Jersey Central and
baltimore and Ohio were strong TODAY
under moderate dealings as the result of
buying said to bear all the outward signs
or accumulation.
Reading First Preferred found willing
purchases from time to time Also There Is
no pronounced movement In these issues
only willingness to buy.
Being willing to take risks In the present
market mas come to be construed as con-
fession OF the knowledge of events not Wis
1ble on the surface. The movement in
Southern Pacific, started at the close of
yesterdays business was resumed during
the opening hour this morning The buy
Ing was attributed to rumors relative to
the disposition of the Huntington holdings,
the inference being that the stock would
be kept off the market by provision for a
trust in the will. The general market was
TOO narrow to admit of any considerable
gain In the price.
Peoples Gas and Brooklyn Rapid Transit
developed some strength but the demand
came either from supporting interest or
from the room. The Industrial list as a
whole was dull and irregular. The move
ment In the steel stocks. which seemed to
nave been fairly started few days ago.
has been halted because OF the general lack
OF sympathy on the part of the general
market.
There Is an impression in certain ou.rto-s
that important movements are pending in
a rev stocks. notably in Sugar but a care
fui investigation Of the market fails to
show anything more important than the
enorts of pools, of moderate capacity, to
advance prices The larger interests are
not IN the market. at least they are not
making prices. Strong men hold stocks
and refuse to sell and it is this fact which
explains the present strength. There is a
tendency to give the credit to few specu-
iative pools lacking capacity for big opera
tions.
This latter is a mistaken view. and fortu-
nately so. since a market that fails to en-
courage liquidation is intrinsically stronger
than one marked up In the absence of onno-
sition. The strength of the financial sttua-
ton is always in values and not in prices.
The conditions of the country are at least
favorable to the former