The age-herald., 1901-08-24
MORE ANIMATION
 IN WALL STREET Considerable Advance in the
 Level of Prices STEEL STOCKS STRONGER Tennessee Coal Scored an Advance Of sN Points-U. s. Steel Opened High and Was ImmovabIe-5onds
 Closed Active.

New York, August 23-The Wall street district had more appearance of anima- ton today than for long time past. The prolonged and persistent resistance or the market to any factors of depression and the continued scarcity of stocks or fering. notwithstanding the very consid- erabls advance in the level of prices our- ing the last two weeks apparently prompted the professional traders today as though by a common impulse to inau- gurato a movement to put prices up.
 There was no indication that the gen. eral public was taking any part In the movement the commission house contin- nng to complain of lack of business put the professional operators at work made play with a freer hand than had been the recent rule. There were no very large in- dividual transactions, but the number Of 1000 share lots was very conspicuous, and was we'll distributed throughout the room. The dominant speculation was in the Pacifics and Southwesterns, union Pacific leading the railroad list In point of strength and activity with an extreme rise of 2M The so-called Gould stocks were all active, including the Denver anG Rio Grande stocks and the Colorado ana Southern stocks, the latter apparently on a supposition that developments are impending looking to it's absorption into the Gould system. The grain carrying roads as whole were affected by the oe- cided weakness In the corn market, ln- dieating the recuperation in the corn crop. The continued heavy foreign oe- mand for wheat, coupled with the report ed good condition of that crop, was also an element.
 The amalgamated copper stocks were in very large demand. notwithstanding the denials of reports that further ab- sorption of copper interests was lntenu- ed The extreme rise in amalgamateo copper was 2as. There was gossip or com ing rights on Baltimore and Ohio to sup scribe to new stock to be issued In con nection with the pending reorganlzation of Pittsburg and Western.
 The minor steel stocks were strong, Tennessee Coal rising 3A. The U ;. steel stocks opened a fraction higher and were held almost immovable all day, the extreme fluctuations in each being half Thero were strong points among the minor railroads and specialties and the coalers continued to show strength. The preliminary estimates for the week of cash changes were apparently reled on as foreshadowing strong bank statement tomorrow, On the ordinary express movement with the interior the banks seem to have gained upwards of a million dollars. and although the earlier gains from the sub-treasury have been wiped out the loss to that institution Is only $160,00e The sub-treasury figures in- clude the receipts to the banks on ac- count of Australian and Klondike gold and also the deposits of currency for telegraphic transfer to the interior. These figures don't seem to promise a very strong bank return and 1t is explained that special remittances to Philadelphia on account of subscription to a municipal bond issue and payments for the pur- chase of the Bethlehem Steel Company are not included. Today there was fur ther decline in New York exchange at Chicago to 50 cents discount and an addi- tional $500,000 was deposited at the sub treasury for transfer to Chicago.
 The railroad bond market shared in the greater activity and strength of the stock market, but speculative bonds were most conspicuous. Total sales par value $2,5S5, ,O0O United States bonds were all unchanged on the last call.
 NeM vork Stock MarkeA