The age-herald., 1901-08-20
STOCK DEALINGS
 WERE VERY SLOW Operators Were Content to Re- tain Their Holdings and Wait MARKET HEAVY ALL DAY Additions to the Ranks of the Striking Steel Workers Were Partly He-
 sponsible for the Dullness In
 the Exchange.

New York, August 19.-Dealings In stocks today were too small to ollei d broad basis for generalizatlons. But the fact is significant that very few stocks were offering for sale, holders apparent ly being content to retain their holdings in spite of some of the developments un- favorable to values, so that the demand, small though it was. was sufficient to overcome the opening decline and estao- fish a higher range of prices than those at the close of last week.
 The additions to the ranks of the strik- ing steel workers over Sunday was re- sponsible for the opening heaviness not only In those stocks, but in the general list The interests involved in the strike are so large that its yicissitudes affect the values of all securities. The market guardians for the steel stocks supported them and the starting of some of their mills had reviving effect. But they did not fully share in the later recovery of the market, which carried some of the railroad stocks substantially over Satur- days prices. The activity and strength was confined to a few stocks only and was apparently due to causes individual to those stocks. Norfolk and Western was most conspicuous under the influence of the net earnings of the company for the fiscal year, showing a substantial sur plus over the present dividend rate Chesapeake and Ohio rose to less ex- tent iii sympathy. The buying of these stocks was attributed to the Philadelphia account.
 The figures of the coal export trade published this morning showing the Ia.a @fH and the amount more than trebled since 1891, were an influence in the strength of these stocks which are peculiarly bene- fitted by the coal export trade. N. & w. rose 24 over Saturday.
 The rise in St. Paul and Atchison reached about the same figure in sud- den squirt just before the close. Chicago and Eastern Illinois mounted 8 points over the previous sale. Amalgamated Copper resumed it's upward movement, and there was some activity in sugar ow- ing to the concerted action of the com panies in fixing prices. The stock ad- vanced but lost practically all the rise. There was greater confidence felt in the money outlook than on Saturday after the bank statement. This feeling was due to several causes.
 The unexpectedly large decrease in cash was said to be due to the retirement
 
 republic. The sub-treasury has made a small contribution to the money market since Friday by reason of large pension payments and disbursements on account of Philippine expenditures. But the sud- den weakness developed in the foreign ex- change market was the dominant infiu- ence in causing the better feeling over the money, outlook on account of the assur- ance afforded that gold from Europe will be forthcoming to meet any urgent needs on the part of New York Demand bills fell today to $4.s61x, compared with SASS at the high point last week, marking a relapse of approximately third of the range from the gold export to the gold import period Offerings of bills against which the export purchases of stock for London account and cessation of the demand for repayment by syndicates of the loans from European borrowers were all influential in the weakness Of ex- change
 The market closed firm but very dull on the last rally.
 Railroad bonds were little dealt In and were irregular Total sales, par value s5e5. .oOO United States bonds were all un- changed on the last call.
 New York Stock Market.
 px private Wire to Murphy & Co.