The age-herald., 1901-08-11
STOCK PRICES ON THE DECLINE. High Prices from London Was. Short Lived StimuIant RENEWAL OF ROOM SELLING +lntrest in the Government. Crop Report
 and Prospect of Important Strike Developments Caused Dminu- ton of Business.

[ New York, August 1o-High prices rom
 London were reflected in a fairly gooo itime for railroad stocks at the opening, < but small gains were soon wipfd out ana
 prices dipped well below yesterdays close for important stocks on a renewal of pro-
 fessional selling The interest excited In I the government monthly crop report and the prospect of some important develop ments on the strike situation next "eeh caused some large illumination Ill tue lyolume of business. The paucity or the demand helped to increase the downWara tendency, which was most marked In the Changers, Pacifcs, Coalers and South. western. Missouri Pacific and Kindred stocks were influenced by denials of re- ! cent reports of the impending absorption
 of the Mexican railroads. AS on the two preceding days Missouri Pacific spurteo 'iup sharply at the close, the final ngure today bringing it to yesterdays leVei.
 But little of interest attended the huctua- ftions in the United States Steel stocks, their movement being only fractionai but Indicating better support for the common than for the preferred, the latter ending : ss lower. The bank statement waile less a aany decided effect on the market The 1increase in loans of S,94SD00 was not readily explained and it decreased sur s plus holdings $1121, 400 The closing was ! irregular and almost lifeless. These con
 ditions reduced public operations and
 from day to day fluctuations represented only the character of the professional ;Views. Liquidation was on large scale ! on uneasiness as to the possible ramlnca- stions of the steel strike and crop scares Discussion of the effect on general busi- ness by the reduced purchasing power Of the wage earner and farmers in the event
 of their condition becoming critical was
 a factor in limiting general speculation alLarge amounts of the United States Steel
 issues come on the market but the actual declines were less than when the rupture
 first occurred weeks ago. This circum- stance was ascribed to the formation of
 an alleged pool who were prepared to
 take enormous amounts at fixed prices. The known conditions rendered profess ionals chary of attacking the stocks, the possibility of an early termination of the Estrike and the consequence of a squeeze T being weighed. Nevertheless their re-
 covery from the low point when various zs plants resumed work was checked at | times by "influential selling. Consistent
  Sspeculative favorites such as Sugar, St. z Paul Atehison, Union Pacific and South Bern Pacific covered a wide range either < way frequently. Pessimistic views re-
 garding the damage to the crops which a had hitherto made large inroads on prices 7 of the grain carrying roads were not
 borne out by the tenor of the late ad-
 vices. Reports of copious rains remedied Uiconditions Somewhat and the Improve eiments noted by the weekly crop report caused modification of alarmist reports Stock prices. then reflected an apparently Ioversold market. Operations for the long aaccount however. were conducted with Hcaution, traders taking profits quickly ssand being content to await the monthly ajshowing. General properiety represented sin large part by the agricultural yield sSand the prices obtained fluctuations in 2 the grain market were watched closely and stocks conformed pretty closely to &their variations.
 K Bonds on the day and during the week, sawere without noteworthy changes. The < new and old United States issue keeping
 quiet.
 < New York Stock Market.
 By Private Wire to Murnhv a "a