The age-herald., 1901-08-04
STOCKS BROUGHT
 sHNCHER PRICES ThGre Was Small Attendance of
 Professional Traders MARKET DRiF TING AROUND The Selling at the Last, Though small' Seemed Rather Urgent and Car ried Prices to. Lower Level.
 A Dull Week.

New York. August 3-Prices opened higher this morning under the operation of the small attendance of professional traders on the board, who were appar- ently influenced by the belief that the renewed confidence on the steel strlKe gave promise of a compromise ana rer sumption of work. Both the Onlteo States Steel stocks rose point over last night and St. Paul rose point and fraction. Prices drifted aimlessly for the greater part of the session. There was an advance of 31k in Consolidated Gas for some unexplained reasons and gains of point or more in United States Leather preferred9 American Cotton oil, Peoples Gas, Pacific Mail, St. Lawrence and such inconspcuous stocks.
 Selling orders appeared when the bank statement was published, whether for the purpose of taking profits by room traders or from an unfavorable interpretation of that document would be hard to say.
 The rather large increase in the loan item was not a strengthening factor, but tho increase in cash largely offset it's effect on the surplus reserve item The selling at the last although small, seemed rather urgent, and carried prices rather precipitateiy to the lowest level of the day. The closing itself was weak ana near the lowest. The railroad bond mar ket was as far from rehecting any de- mand for Securities that for stocks, and was dlll and heavy throughout.
 The week. in stocks has been dull one. In contrast with the two previous weeks, when the, Monday morning dip made the low pricesofor the week, the Monday morning bulge this week generally made the highest. The market has been an exceedingly narrow one. both in the point of the amount of business done, the number of different issues dealt in and the extent of the fluctuations. The news of Monday morning gave promise of re- bound in prices in that relief was afford ed from the two prominent depressing factors of the previous period. the drouth and the threatened steel strike.
 The weeks news from the corn belt gave the first indubitible assurance that whatever Is left of the crop to be bene- fited was isate of the required moisture. Notwithstanding the phase of the steel strike neg1fttions, Wall street has chung to convicft0H that the ultimate outcome would be ,Tfesumption of work and continuaneepf widening prosperity of the industry. Yet, still the security markets have halted and the larger financial in- terests and the general public have main- tained a profound indifference to the market.
 The dominant influence upon speculative sentiment lexercised by the steel strike calls renewed attention to the prodigous proportions of the United States Corpora tion and the other projects in the rail road world which went hand and hand with it and from closely identical origins. These projects represented a process of capitalization of the enormous prosperity which the .4eountry had enjoyed for number ofSSeats with a promise of continued gSnjoyment to help on 1oata- < tion of neWNsecurities.
 The goverument has taken up a small s surplus for July of last year. Bankers sldo not feef-safe to make loans freely to iAIbe used fog Speculative purposes in the stock market pending the demand from the Interior crop moving. The sluggish and irreguiafe action of the stock market this week affords an indication that syn dicates and larger interests" are not in- clined to contest these obstacles for the present and-are disposed to let the stock market lie fallow The railroad bond market has been a dull and narrow af- fair, resembling stocks. but has shown evidence of small investment demand.
 United States now As have declined r. per cent. on call during the week.
 n 19as NeWzYork Stock Market
 By. PrivaaeiSvire to Murphy & ca