The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-08-15
ACTIVE AT AN ADVANCE
OUTSIDE DEMAND AND BULLIsH SEN
TIMENT HELP STOCKS.
81. Paul the Leader in the Days OPP
acknowledgements in Steel
Money Market Conditions.

NEW YORK. Aug. ~1.-Trading at times
to-day was spirited. and commission houses
reported an increase in outside orders. De-
velopmsnts over night did not shed much
light on either the crop or the strike sit
uation. and as these influences are rapidly
losing their earlier Importance. bull trad
ers resumed active operations. In the
course of the day there was a revival of
interest in some usually dormant stocks,
which gave. rise 10 reports of pool manip-
%ulation. especially in the United States
Leather issues. Current rumors regarding
the dividend status Of St. Paul made that
stock the feature of the day. and its huc-
t~uations governed the movement of other
stocks closely. Generally speaking. the
properties which were notably strong yes
terday resumed their advance to-day, but
the average rise was not so pronounced.
The great bulk of the days dealing was
transacted during the forenoon. when the
high prices of the day were made. London
was again a buyer Of the general interna-
tional list and shorts covered contracts in
the grangers and Pacifcs. A wide open
ing was looked for in St. Paul, owing TO
the active inquiry for the stock in London.
where 1t was two points higher. The nrSt
sales were 1900 shares at 1624M162A. a gain
OF Ia. Opening advances OtherWlse were
mostly fractional. but a strong undertone
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 account of its pretty
general steady improvement since Mon
days opening. These offerings reduced,
and in some instances wiped out alto
gether, the initial advances. Sugar, which
had started off 1z higher, was depressed
sharply and the United States Steel stocks
were rather heavy. Prices soon worked
upward again, however, the trunk lines,
freely. and establishing advances of 1 to 2
points. st. Pau ran up 2os to 1915, and
the preferred gained ga. After midday
the market worked slowly downward, but
there were occasional rallies which were
in a measure due to the timidity of the
short interest. on indications of inside sup
port to special stocks. The demand for
stocks died out pretty we'll In the late aft
raid against the market, depressing St.
Paul 2 points from the highest and putting
the active list generally down a point or
over. The United States Steel stocks,
only IS each, fell into neglect during the
course of the day and were heavy. The
common sold IS under yesterdays close
and the preferred 3, but were consistently
coed their early low level. In the final
dealings buying to cover caused a general
rise, st. Paul getting back again to 1915.
the highest figure for the day, and the en-
tire market closed steady. The closing
rally brought United States Steel common
up to "A. its best price. and the preferred
rose to -.
The bond market was generally firm. and
| pushes was in larger volume. Total
| sales at par value were s2.0s5. 900. United
States bonds were all unchanged on the
| last call.
Following are the days share sales and
l the recorded price changes: