The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-08-16
AMERICAN STOCKS CLOSE 3
QUITE STRONG IN LONDON.
AT HOME CHANGERS SHOW A
DECIDED IMPROVEMENT.
Independent Steel Companies Have
Secured Many Contracts Since
the Strike Has Begun.
l.EPERLIC SPECIAL

ErPTBLIC SPECIAL
New York. Aug. b.-The London market
was somewhat irregular. but upon the whole
the tone was firm and the close in Ameri-
can stocks was about the best of the day.
The gains in some instances. particularly
ST. Paul. extended to a point or more. The
general market vas steady. and consols
and South African mining shares were
firm. Exchange was lower In Berlin and
money a little harder.
In the local market the Granger stocks
showed substantial strength. particularly
81. Paul and the Pacific stocks all tended
higher. The Price Current estimate OF the
com crcp at 1. 400. 90. coo bu. was taken as
conservative. and had a good effect on the
market. There was no positive change in
the strike position.
The activity of the hard coalers was a
feature and there is no question that these
roads are Taking big money. The buying
was of "A good character. and was further
helped by purchases of Fries for foreign
account. Sugar has become dull again and
the steel stocks are merely steady. The
advance in ST. Paul Is an important fea-
ture in the strength and activity in the
preferred Is perhaps even more significant.
1t Will be remembered that after the COM
mon gets Z per cent the two stocks divide
equally. The days buying. therefore. seems
to point TO an advance in the common rate
in Sept Iowa Central has been active
and It may be said with confidence that In
siders have not parted with any Of their
bull pool which got landed with the most
of the floating minority stock would like
10 make a market to sell on
The action of the steel workmen In Chi
cago IN adherinS to their contract Is re-
Sarded as a bull card on Peoples Gas 1t
that the feeling between capital
and labor there is very good. and shows the
political character Of the recent litigation.
Biscuit Trust Dividends.
The National Biscuit Company has de-
cared the regular quarterly dividend of Ia
on the preferred and l per cent on the COM
mon. There is still a light demand for mon
this market will not feel any serious de-
mand before the end of September. Because
of the strike. the independent steel COM
panies, especially Republic Steel, are doing
a big business. They are getting all the or
ders for stun wanted quick. and are neces-
sarfly charging their connections for more
leisurely contracts.
National Lead has declared the regular
preferred stock. Very emphatic denials are
forthcoming on the reported entry of Wa
bash into Philadelphia. There is reason to
believe. however. that the Pennsylvania
people and the Gould interests have arrived
at an understanding, which will be an i'm
portant market factor In the near future.
The close was firm in all departments and
especially in the hard coalers and ranger.
Railway issues also showed notable
strength. especially the common. The buy
ing was OF a good character and was to some
ports. Atchison was specially strong on ru-
mors that the recent buying had been for
Morgan interests. Money was easy all day
at 2 to q: per cent.
BOND SALES AT NEW FORK.
REPUBLIC SPECIAL
New York. Aug. B--Saies Of bonds wsrs made