The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-08-16
CLOSE IS ACTIVE
Bears Rule Opening but Stock
Market Closes Strong.
TWO BIG JUMPS MADE
Preferred Stock and Rock Is
land Grain 6 and 4 Points.

New York. Aug. I5.-Buyers today
largely outnumbered sellers. despite the
generally professional character OF the
dealings and the weeks rise. The net re-
suit OF the days deslinfs showed 50 many
important gains that the conclusion IS
drawn that improvement is due IN no
small part 70 covering by the short inter
ests who have met but little stock on
spasmodic raids early. The bull faction
did not become very aggressive until
near the close. when there was general
bidding UP all around. and the top prices
OF the day were made The news OF the
day was favorable IN every respect, In
Guiding continued easy money conditions,
lower sterling rates and some railroad
earnings for the first week n August
The foreign trade statement for the
month OF July and the seven months
ports Of SIS. .011 ana 81. 546. s. for the
respectice periods drew renewed atte1-
ton 20 the commanding positian the
United States occupies IN the world :
trade. The opening Of the stock mar
ket gave promise OF 4 rather active spec
ulatfon, but animation soon led out and
the market relapsed into dullness, which
al the close. Interest was less concen-
trated n the grain carrying roads. the
cOalers, southern, eastern and high-prtced
specialties all receiving considerable at
tention during the day. ST. Paul, never
thsless, covered about the widest move
ment Of the usually active stocks. but stu
II did not exceed a two point range. The
preferred stock jumped nearly points
and Rock Island gained four on few
stocks, together with that for Atchisou
and the Pacifcs, was very pronounced
late n the day, and the buying for both
accounts carried them up materially.
Anthracite coal road stocks responded
notably 10 the improving trade conditions.
especially Erie, Ontario and Western
and Pennsylvania There was q more
general demand for the iow-pT1ced rail-
road stocks, and Chesapeake and Ohio.
Chicago. Indianapolis and Louisville, Nor
folk aad Western. Iowa Central and
Southern Railway rose from 70 points
The heavy absorption Of the latter was
attributed 70 buying By controlling in
terests. There was little OF interest in the
movement OF United States Steel stocks
today, and after opening AEi2 higher
they eased Of but rallied again at the
close, and ended !. each higher for the
common and preferred.
strength, gains running from l 20 21z IN
American Smelling. Republic Steel pre-
ferred. Anal gamated Copper and Ten
nessee Coal, while Colorado Fuel was Up
81 az one period.
Purchases for foreign account were
again on a large scale. and this Is in
connection with larger offerings Of grain
bills IN the sterling exchange market
caused a decline in demand steiiug 20
3 s75k Sugar was reactionary most Of
the day, and at che time declined point,
but IN the final dealings IL was rapidly
advanced. and ended with a net rise OF
-. The market was more active at the
close than at any other period OF the day
and ended strong az the highest
Railroad bonds were higher in sympa-
thy with stocks, but were rather Cuiet.
Total sales. par value. 100000 United
States bonds were all unchanged on the
last call.
Closing prices OF stocks were as follows,