The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1901-08-09
ENCOURAGING CROP NEWS,
Helped Market Some Tuesday-Other
Favorable ,lnfluences--Clos-
= lnu Was Weak.

New York, Aug. 7.-General condi-
tIons Independent of the strike situa-
ton received more consideration
Tuesday than for some time and were
reflected In higher prices for securi-
ties. The absence during the greater
part of the, day OF any sensational
strike news, combined with the sup.
port which the United States Steel
stocks received after their opening
weakness, also aided the improve
ment. These conditions underwent
radical change in the final dealings,
when report was current that Or
ders for a general strike Of the steel
workers would be ordered Tuesday
night. The professional operators
promptly put out large short lines
and brought about declines Of from
l to about points in the most prom
inent stocks. The market in detail
practically showed pretty steady
improvement from the outset, the oc-
casional setbacks which were forced
by realia atoms being quickly over
come by good demand for both &C.
counts and evidences Of inside sup
port. London's attitude was regard
&c with some interest, but arbitrago
operations proved small and were
without influence. News from the
crop regions was more encouraging
and was supplemented by the weekly
government report, which indicated
improved conditions at important
points. The outlook for a large crop
Of spring and winter wheat, In addi.
tion to some exceptional railroad earn
ings, also helped to sustain prices.
or the latter, Southern Railway and
Missouri Pacific systems showed in
creases Of $113,952 and $4,000 re.
epectively for the fourth week in July.
The gain for the month of uly In gross
earnings by the Great Northern of
$A15.710 indicated the volume Of wheat
which is now being moved to the sea-
board to meet the hoavy export de-
mand. and the higher price Of the
cereal Tuesday prompted a better de-
mand for the wheat carrying roads.
st. Paul led this division with a gain
ut one time Of 25s, touching 1871.
On the other hand. Atchison spurteJ
up almost as much when corn dis.
played continued heaviness. Support
was noticeable for stocks which were
especially weak yesterday. these In.
cluding the eastern trunk hnes, south,
Westerns. fractions and Pacifics
where improvements had been made
Of from l to 31s points. Sugar felt
an early resumption of Monday s
weakness, but after losing point
sold up 4. All these gains were con
siderably reduced during the late sell
ing movement and net gains were lin
tied to fractions. Trading in the
eteel stocks was comparatively light
and there were not many large indi
tidual blocks. But 5000 shares were
dealt in at the opening at a gain OF
| u per cent The stock soon yielded
S below Mondays close, but later on
got 7s above, and ended unchanged
for the day. Pressure was noted
against the preferred right from the
start, but after yielding W It got a
above Mondays final figures and end
ed with loss of ". Money rates
ruled easy Tuesday and the chief fea
ture OF this department was the debi,
Of $1,392,19S by the sub-treasury a
the clearing house Tuesday morninl
on account Of drafts drawn agains
gold deposited at Pacific coast point.
en- route from the Klondike.
The closing OF the stock marke
was weak, with business In increased
volume.