The age-herald., 1901-08-06
4 VERY SOFT
 STOCK MARKET Altogether Losses Ranged from
 Two to Eight Points A STREAM OF LIQUIDATION Sugar Was a Pronounced Feature All Day and Dropped 594 to 13oA
 On Sales By Pro- fessionaIs.

New York, August 5.-Speculation today betrayed A yielding tendency from the opening till the closing of business. Re- sultant losses ran from to points TOT the stocks most actively dealt in ana m cluded leading members of all principal stocks Occasional rallies were unavah- ing in checking the steady stream or liquidation and the professionals utilized every temporary recovery to put out ad- ditional short lines of stocks Western and Pacific stocks bore the bfunt of the selling in the railroad quarter, while United States Steel and Sugar were in the van in the downward movement of the specialties The failure to effect settlement with the steel strike on Satur- day. prepared operators for a resump- ton of liquidation in the United States Steel issues at the opening of business today. First sales of the common were l5,O00 shares at from fl down to 4Ola, which about measured the low point until well in the afternoon, when 1t saged to 4O Intermediate transactions were on narrow fractional range, but the fact that the stock was well backed up around 40 did not exert any strengthening effect on the general market. The closing price was the lowest of the day and indicated a net loss of 31s points as compared with Saturdays close. The preferred stock suffered an extreme loss of SIS, and end ed three points off. The speculation of the day hinged on the developments of the strike situation and the street was inclined to view the failure to reach an agreement as foreshadowing highly sensitive stock market for while. Other metal properties scored marked sym pathetic losses Tennessee Coal dipping 3ls and American Car and Foundry pre- ferred points Selling by the West con tinued in spite of reports of rain in various sections of the corn belt and the publication of a large number of very satisfactory increases in railroad earn ings for the fourth week in July. Sugar was a prominent feature all day, and dropped 5A to 13OA on sales by the pro- fessonals who argued that the forth coming opposition would make large in roads in its earning capacity; but little news was circulated to account for the acute weakness of many stocks and the continuous selling was attributed in part to liquidation by holders who have be- come tired out by the recent steady drop of prices A holiday at London deprived the market of It's usual cue as to the at titude of the foreign spectators towards the developments over Saturday. The large expansion in the loan item in Sat- urday's bank statement was commented on today, but not adequately explained. Tho increase is believed to be due to various corporate financing now in progress. Money rates were easy all day, and the sub-treasury paid out a million dollars on gold receipts at Pacific coast points, As the session drew to close the pressure against stocks increased and the lowest prices of the day were made in the final dealings. Reports were current that the, United States Steel common and preferred nevertheless broke to S9ss. The immense dealings in the stocks were made within a range of a point compar ing the opening and lowest prices of the day. Many railroad stocks covered a range of from to 3 points in the same period,
 < Railroad bonds were fairly active, but weak in sympathy with stocks. Total sales, par value, $2,250.0O0.
 United States bonds were all unchanged on the last call.