The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-08-15
DAY OF struggle
Bulls and Bears Each Get Pull
at Stocks.
ST. PAUL IS FEATURE
After Pulling and Hauling
Market Closes Steady.

New York. Aug 1.-Trading at times
today was spirited and commission houses
reported an increase IA outside orders.
Developments over night did not shed
much light on either the crop or strike
situation. and as these infuerces are rap
idly losing their earlier Importance, bull
traders resumed active operations. With
the course Of the day there was a revival
Of interest in some usually dormant
stocks which gave rise to reports OF pool
Manipulation. especially in the United
States Leather issues. Current rumors
regarding the dividends status OF st. Paul
made that stock the feature OF the day.
and its fluctuations governed the move
ment OF other stocks closely. Generally
speaking. the properties which were nota-
bly, strong yesterday resumed their ad-
vance today, but the average rise was not
so pronounced. The great bulk OF the
days dealings were transacted during
the forenoon. when the high prices OF the
day were made. Lordon was again &
buyer OF the general international list
and shorts covered contracts in the
Changers and Pacihcs. A wide opening
was looked for in st. Paul. owing 70 the
active inquiry for the stock IN London.
where it was two points higher. The hrst
sales were ZOO shares at 1872. Gls2A, a
gain OF II. Opening advances otherwise
were mostly fractional. but a strong IN
dertone prevailed and there was heavy
buying in the active list. Traders met
the rise with stock purchased at lower
prices early in the week and the bears
were disposed TO sell the market on &C
4 rre n
provement since Mondays opening. These
offerings reduced and IN some instances
wiped out altogether the initial advances
Sugar. which had started of IL higher
was depressed sharply, and the Steel
stocks were rather heavy. Prices soon
worked upward, however, the trunk lines.
grangers. Pacidcs and coalers being Ia
ken freely and establishing advances or
from one TO two points st. Paul ran up
2ss to 1915. and the preferred gained 81.
After midday the market worked slowly
Downward, but there were occasional raj
lies which were in a measure due to the
timidity OF the short interest on iDdiea-
lions Of inside support to special stocks
The demand for stocks died out pretty
well in the late afternoon, and the bears
made a successful raid against the mar
ket, depressing St. Paul two points from
the highest and putting the active list
generally down a point or over. The
United States Steel stocks, which had
made gains at the outset Of only IS each,
fell into neglect during the course Of the
day, and were heavy. The common sold
s under yesterdays close, and the pre-
ferred "a, but were consistently supported
in the late drive and did rot exceed their
early low Lowell.
IN the final deals buying TO cover caused
& general rise. st. Paul getting back again
to 164ls the highest figure Of the day. and
the entire market closed steady. The clos
ing rally brought United States steel,
common, up TO "A, its best price, and the
preferred rose 70 80.
The bond market today was generally
firm. but business continued In larger
volume. Total rales, par value, f2.el5.VJo
United States bonds were all unchanged
en- the last call.
~ ~ fn-Lnr-a.