The age-herald., 1901-08-08
STOCK MARKET
 SHOWS ND CHANGE Business Was on Reduced Scale
 and All Was Dull WORRIED OVER THE STRIKE The Announcement of the Execution of shaffer's Order Caused Sharp Dip the First Hour and An.
 other Later On

New York, August 7.--Business today was on A reduced scale and there was a more general disposition to curtail op- eratfons pending the settlement of the steel strike. The announcement over night of a general execution of the strike order caused some hesitancy at the outset of the general market and beside a sharp dip at the end of the first hour and again toward the close, the tenden- cy was distinctly upward throughout The final prices were about the best for Atchison. St. Paul. Union Pacific and Southern Pacific. which accounted for the most active dealings in the railroad division Reports have been current for several days past of a fixed price at which the United States steel stocks would not be allowed to break by the alleged pool behind the stock. This level was exceed ed early in the week and specula tors gen erally were interested in watching the opening in the stocks this morning When 5000 shares of the common stock came out on scale to 395s and figure was made of S9 for the preferred, representing losses of s of each. support was imme- diately forthcoming and a rumor gained currency that the level for the day was fixed at 39% and S9 respectively.
 Professional operators made but feeble efforts to depress the stocks in the sub sequent dealings and were more inclined to bid up the general list on the theory that tho backing to the steel issues would have a sustaining effect on all other xrroc c correct or not, or because the short inter- est had been unduly extended in the rail- road list. the fact remains that all of the grain carrying roads showed conspic- uous strength at various times. No doubt gran -ers were helped by the rise of about a cent in wheat, but Atchisons improv- ment could not be directly traced con- sistently to the fluctuations in corn which was higher.
 Business in the United States Steel stocks was on even smaller scale than yesterday but they moved pretty steadily upward, touc..ing 40% and 90 respectively. and ended at the highest of the day A number of minor railroads made some what sensational advances, the extreme rise in Lake Erie and Western common and preferred being to 10; Iowa Central common and preferred 31k@51a, and St..
 
 attended the upward movement in these stocks aside from the placing of the lat ter on a per cent dividend basis In- dustriaf stocks, aside from sugar, were without any special change and the fiuc- trations in even that stock were within comparatively moderate limits. Some weakness developed early in the coaiers on talk of renewed dissatisfaction among mine workers. but their losses were can celled later on except for Lackawana. ] which ended ' points off. Monetary con- , ditions were unchanged, but sterling ex- change was stronger. demand bills being held rigdly at SASS. There are no pros poets for gold shipments this week In Germany. In the closing dealings prices were on ths upturn again and the ending was very firm.
 Railroad bonds were quiet and some- what irregular. Total sales, par value $1,140,000.
 United States. bonds were all 'unchang- ed on the last call.
 New York Stock Market.
 By Private Wire to Murphy e Co