The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-08-16
GOOD BUYING IN SHARES
RESULT OF THE DAYS OPERATIONS
Is A GENERAL RISE.
stocks and High-Priccd Spe-
ciaIties n Favorites-Market for
Money Continues Easy.

NEW YORK, Aug. -. Buyers to-day
largely o~utnumbered sellers. despite the
general professional character of the deal
ing and the weeks rise. The net result of
the days dealings shows so many impor-
tant gains that the conclusion is drawn
that the Improvement is due in no small
part to covering by the short interest.
which met but little stock on spasmodic
trades early. The bull faction did not be-
come very aggressive until near the close,
when there was a general bidding up. The
news of the day was favorable in every re-
spect. including continuous easy money
conditions. lower sterling rates and some
railroad earnings for the first week in
August. The foreign trade statement for
the month of July and the seven months,
showing an excess of exports over imports
of s96, 1Si,O71 and 1924, SAC. 62S for the respective
periods, drew renewed attention to the
commanding position the United States oc-
cpies in the worlds trade. The opening
of the stock market gave promise of a
rather active speculation, but animation
soon died out and the market relapsed into
d~ullness. which was not relieved until the
vigorous rise at the close. Interest was
less concentrated in the grain-carrying
Otthsf ti0 ciit ehA
high-priced specialties all receiving consid-
cradle attention during the day. st. Paul
nevertheless covered about the widest
movement of the usually active stocks,
but still 1t did not exceed a 2-point range.
The preferred stock jumped nearly 6 points
and Rock Island gained 4 on a few trans
actions. The demand for these stocks, to-
gether with that for Atchison and the Pa
cities, was very pronounced late in the
day, and the buying for both accounts
carried them up materially. Anthracite
coal-road stocks responded notably to the
improving trade conditions, especially Erie,
Ontario & Western and Pennsylvania.
There was a more general demand for the
low-priced railroad stocks, and Chesa-
peake u Ohio, Chicago, indianapolis IL
Louisville. Norfolk Il Western. Iowa Cen
trail and Southern Railway rose from 1 to
? points. The heavy absorption of the
latter was attributed TO buying by con-
trolling interests. There was little of in
terest in the movement OF United States
Steel stocks, and after opening AMm higher
eased of and then rallied and closed firm.
Other metal stocks showed pronounced
strength, gains running from / to 2a in
American Smelling, Republic Steel pre-
ferred, A~malgamated Copper and Tonnes
see Coal. while Colorado Fuel was up 3h
at one period. Purchases for foreign ac-
count were again on a large scale. Sugar
was reactionary most of the day, and at
one time declined a point. but in the final
dealings IL was rapidly advanced and ended
with a net rise of pa. The market was
more active at the close than at any other
period of the day and ended strong at the
highest.
Railroad bonds were higher. in sympathy
with stocks, but were rather quiet. Total
sales at par value were loo, 900. United
States bonds were all unchanged on the
last call.
Following are the days share sales and
me recorded nrlGR RhQnOnCs