The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1901-08-16
New York Stock Market

New Yor, August 14.-Trading at
times today was spirited and commits
sion houses reported an increase in out
side orders. Developments over night
did not shed much light on either the
crop OF strike situation and as these
influences are rapidly losing their ear
lier Importance, bull traders resumed
active operations. With the course of
the day there was a revival of interest
in some usually dormant stocks, which
gave rise 10 the reports of pool manipu-
lation, especially in the United States
Leather issues. Curren t rumorS re-
garding the dividend status of st. Paul
made that stock the feature of the day
and its fluctuations governed the move
ment of other stocks closely. Generally
speaking the properties which were
notably strong yesterday resumed their
advance today, but the average rise
was not so pronounced. The great bulk
of the days dealings were transacted
during the forenoon when the high
prices Of the day were made.
London was again a buyer of the
general international list and shorts
covered contracts in the grangers and
Pacifcs.
A wide opening was looked for in st.
Paul. owing to the active inquiry for
the stock in London, where it was z
points higher. The first sales were 1000
shares at 1924 to 1924, a gain Of IA.
Opening advances otherwise were
mostly fractional, but a strong under
tone prevailed and there was heavy
buying in the active list. Traders met
the rise with stock purchased at lower
prices early in the week n the bears
were disposed to sell the market on ac-
DUN of It's pretty general steady i'm
provement since Mondays opening.
These offerings reduced, n in some
instances wiped out altogether, the
initial advances.
Sugar, which had started of az
higher, vas depressed sharply and the
United States Steel stocks were rather
heavy. Prices Vol worked upward
again. however. the trunk lines, grang-
| ers, Pacifics and coalers being taken
freely and establishing prices OF from
/ to 2 points. ST. Paul ran up 2A to
164k and the preferred gained ga. Al
| ter 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 support to special
stocks.
The demand for stocks died out pretty
we'll in the late afternoon and the bears
made a successful raid against the
market, depressing st. Paul 2 points
from the highest and putting h active
list generally down a point or over
United States Steel stocks, which had
made gains at the outset Of only y
each, fell into neglect during the course
of the day and were heavy. The com
mon sold Is under yesterdays close and
the preferred g, but were consistently
supported in the late drive and did not
exceed their early low level.
In h final dealing buying to cover
caused a general rise, st. Paul getting
back again to 164k, the highest figure
of the day and the entire market closed
steady. The closing rally brought
United States Steel common up to A
its best price, and the preferred rose to
S3.>
The bond market today was generally
firm. but business continued in larger
volume. Total sales, par value, were
s2,O15,0 900. United States bonds were all
| unchanged on the last call. Stock
sa1es TODAY were 461 600 shares.