The age-herald., 1901-07-28
4 DON'T CARE
 FEELING IN STOCKS Apathy and lnertness Continue in Full Sway All Around PUBLIC OUT OF MARKET The Steel Stocks Were Strong On the Theory That They Will Win Out
 In the Big Strike
 Now On.

New York July 27.--Not much comment Is required upon today's stock market. The same conditions of apathy and inert ness that have been gaining for the week prevailed. Trading was of unirnportant dimensions and the price movements were without significance. The public was en- tirely unrepresented in the market anu the measer trading represented only the efforts of professional operators or the smaller class to induce some movements of prices that would offer them a days profit, whether on the up grade or the down grade. The dealings in the United States Steel stocks, and to a less extent In the Grangers and Pacifics, overshadow- ed the rest of the market. The steel stocks were strong on the same kind of operations as those of yesterday, seem ingly based on belief In an early triumph for the corporation in the strike contest. The common stock rose an ex- tremes 1ys and the preferred 21s.
 The corn carrying railroads were bene- fited by the weakness of the corn mar Aket and reports of the breaking of the Western drouth. A number of minor stocks moved apparently from individual rarses The American locomotive stocks and International Power were sharply de- pressed. The Canadian Pacifies sup siciary road responded to the recent Btreasth in that stock. The Topacco stocks, Peoples Gas, Amalgamated Cop- per, American Cotton Oil. the Virginia Carolina Chemical stocks and a reW others were notably strong. Traders soid the market on the increase on loans re ported by the bank statement, put they .lndGced no following and covered their shorts before the close, which was steaoy at the recovery. The week just past mas given pretty clear evidence of the cuimin- Rtion for the time at least of the specula- lion for the decline in stocks and for the rise in grains which. has been going on In the various markets during the whole of July. The fleet upon the stock mar ket has been feverish and Irregular movements of prices with narrowing i1uc- tuations and decreasing volume of busi- hess.
 According to the invariable rule in spec ulatiye movements of any dimension, this pne has oyerdone itself. The consequence has been reaction from the recently pre- Vailing tendency. Stocks have recovered and grains have relapsed Monday morn ing's prices were the lowest of the week but did not reach except in few cases, the level of the preceding Monday. The week opened much as that preceding had done Continued hot weather and drouth over the Sunday brought an accumulation of selling orders into the market which sent prices down with a rush and there did not seem to be the vigorous support which was offered the previous week when the declaration of the steel strike had de- moralized the United States Steel stocks. Everything looked promising for the bears but 1t began 10 be obvious before long that the industry of the faction had in- svolved them so far that they hesitated to commit themselves further and that they were disposed to close up their contracts. The same conditions were manifested in the grain markets where the unloading of the longs produced collapse in corn out of all proportion to the meagre relief from the drouth-stricken districts. As conse- -uuence of the reactionary tendency of the markets the week has been given to sort of taking the prices as they actually appear on the boards
 Earnings of railroads were found to- be well sustained by increased trahc. Ex- port estimates of the yield of corn on the basis of the damage done reveal tha: large traffic yet remains for the railroads from the crop districts. The compensat ton of a successful wheat crop is urged. The relatively smaller proportion now is lack of ready money to move that in sight.
 The bonds were quiet and as a rule with In the smallest of variations and practi- cally without feature. United States re- funding 2s have advanced A per cent on rall for the week. s.. ..t. ..-.
 New York Stock Market.
 fv Private Wire to Murpbv A Co