The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-08-21
ADVANCE IN STOCKS IS
BEING WELL MAINTAINED.
STRIKE AND DROUGHT NOT
DISTURBING FACTORS.
Pennsylvania Railroad Believed to
Be Preparing to Compete With
MOrgan's Ship Lines.
REPUBLIC

REPUBLIC SPECIAL.
New York. Aug. ao.-The London market
SHOWED very fair strength in all depart
ments. although American stocks were in
clined to lag behind the New York market.
The close was firm and at the best of the
day. The strength in consols at s4N was a
feature. Money was easy in all the Euro
pean %centers. Buying OF Hamburg-Ameri-
can steamship shares for American account
was reported from Berlin. This buying was
said to be in Connection with the recent Ber-
wind purchases in Atchison.
In the local market the tone was firm and
the rapid advances Of the previous after
noon were well maintained. Strike news
was rather mixed but the market gave in
dications that the public had made UP its
mind to a long fight and this is no longer
the factor that 1t was. The Steel stocks
showed very fair strength and required lit
tie support from the pool.
St. Paul showed conspicuous strength
among the grangers and although there
were some heavy selling orders in this and
other railroad stocks II maintained its po-
sition well and had. as it generally does,
an excellent sympathetic influence on the
rest Of the market.
The soft coal stocks were strong on the
anticipated benefits from a combination OF
bituminous coal interests something on the
lines Of the anthracite combination. There
was very fair buying In the anthracite
stocks and 1t il plain that the large demand
Ior coal is having a wonderful effect ou
their earnirsgs.
Crop Report Wa Good.
The weekly Government crop report was
good In all respects. except cotton. The
appa. entity confined 10 Texas. and conse-
quently exercised no adverse lnfluence over
ROADS like southern Railway ana Louisville
and NasnvIue. Inc quesuon of the corn
crDn seems In he rnnIntIR.alN GlYqgrRd and
Is Tor the present a factoI VI oniy moderate
Importance IN the TRAINING. Tne ufIIciaI dis
Chalmers on the expected advance IN Inc 81.
faui dividend are rather ndlI-neaiteu, dud
tnere Is a strong section in the street which
expects the increase.
Inc ultimate destination of the Berwind
purchases IN AtcnIson Is a source OF some
speculation. without asserting that they
we're made for Pennsylvania IL Is probable
that that interest views tnem with d TREND
~ eye, ana the buying OF namUurg-Anler-
lean steamship snares In BerinI may sned
a little light on the subject. Sucn a com
binatlon would put the pennsylvania people
IN a very strong position in spite OF the
Morgan ships and innuence In the West
and Northwest.
The movement of exchange indicates no
likenhoou OF gold shipments, anu money Is
easy and Will remain so.
Tne close was strong, and the last half
hour saw a movement in the Erangers ana
Pacific not disstmiiar to that of the previ-
Gus day. The steel stocks were rather neg
lected, but hard. Especial strength was
shown in southern PACING. st. taui and
Union PACING. Money was In fair demand
at ~ to 3 per cent. but is not likely ex-
cept momentarlly TO go over that rate.
There was evidently still a considerable
short interest In the market, especially in
Atchison. Union Pacific and st. Paul.
View York Stock QaStations.
81. Louis. Tuesday. Aug. %. 1901.
The following shows the opening. highest, low
Sc .na 1905 e s S SsSsssas9. c q : sss 'S s.i,y fG it
The Republic BY Francis. Bro. 4 Co.. bonds and
stocks. x4 North Fourth street
C.ose
Stocks. Sales. Open. High. Lew Close es.
b Do. pfd. oD 10 : IA {" "a
AM Cotton OH. - -. 80. 49, -. sgs
Do. pfd. -. so soS 80. 80. en sH
Am. smelt. 4 Ref l.i0 ssn saM s. = g.