Evening star. [volume] (Washington, D.C.) 1854-1972, 1901-08-16
Realizing Sales Depressed St Paul
and Pacific Issues.
COAL SHARES WELL SUPPORTED
Steel Stocks Did Not Suffer
From Strike News.
GENERAL MARKET REPORTS
pecial Dispatch to The Evening Star.

Special Dispatch to The Evening Star
NEW YORK. August 16.-Realizing on
certain issues which had been active
earlier In the week and a new demand
In the specialties gave today's market an
Irregular appearance. Dividend predictions
In the case Of ST. Paul were less sanguine.
SO far as next months action is concerned,
and the price of the stock was under its
best level Of yesterday in consequence
The profit taking in st. Paul was reflect
ed by falling off in the demand for Union
and Southern Pacific. Atchison and Rock
Island.
News from. the steel strike was a shade
less favorable to the company and this
fact served to check new buying in certain
groups. The steel shares were steady and
there was no pronounced pressure in
either of them.
The attempt to advance the stocks of tho
independent steel companies met with but
small success, although there are excellent
reasons for believing that negotiations have
been made for their control Emergency
transactions Of this character are less at
tractive than the ordinary consolidation
schemes
The coal shares We're given excellent sup
port, both hard and soft coal roads reflect
ing an increased demand.
Norfolk and Western, Chesapeake and
Ohio, Wheeling and similar issues were
strong under good demand. Reading Erie
ana ontario and Western were bought by
conservative houses and plans for future
dealings on a large scale were discussed
There Is possibility that the movement In
the coal issues may be checked by an ex-
tension of the steel strike.
The Workmen in the western mills show
signs of going out in such numbers as may
seriously AFFECT the carrying profits OF the
roads handling their product The coal
roads feel the idleness doubly because they
mine and carry their own coal. Condi-
lions In the strike situation are regarded
as being more favorable to compromise
than at any time heretofore.
Without early action looking to a settle
ment by some process of negotiation the
strike seems destined to settle down into q
long-drawn-out battle. Other trades are
likely to feel the influences of the inaction
from now on. and new elements may be
involved. The recognition Of this fact and
desire to avert it may lead to an AMIGA
Die solution of the difficulty.
An advance of per cent in Amalgamated
copper, attributed to encouraging pros
poets for success in pending litigation gave
bit of color to rumors that Standard Oil
interests were active In their specialties.
Tomorrows bank statement Is an uncer-
tain quantity. The known movements OF
money would indicate that the banks have
gained a trihe over 100000 for the week
The banks have lost to the subtreasury,
In spite of some heavy government dis
bursements, and the shipments to interior
points have increased. The gain, however,
should be with the banks, but the tendency
has been toward an increased outflow and
next week may see the movement In full
swing toward the crop centers. An active
money market but scarcely q stringent
one, may follow.