The age-herald., 1901-08-31
THE BEAR PARTY
 KEPT STOCKS UP There Was Some Disposition to
 Buy on FavoriteS RAILROAD LIST HELD FIRM One Commission House Took 10000 Common ana 15,ooo Preferred
 Shares of Erie-This Stock Was Markets Pivot.
RAILROAD LIST HELD FIRM

New York, August SO.-The stock mar ket made a rather striking demonstra- tion of strength today. The increasing disposition to buy stocks as the day pro gressed indicated that the demand to coV- CT outstanding contracts came largely from the bear party. There was, how ever also steady absorption Of num- Der of prominent stocks which was diff ficult to explain on any other basis than as an accommodation, for what purpose not disclosed.
 The buying of this character was par ticularly obvious in the Fries. The buy ing here was very concentrated and was by brokers usually employed by the in- side interests of the property. A single commission house took between 10000 and 15,0O0 shares of the common and consid- erable speculative following was attrac- ted some large buying of this stock com ing from Western sources. Union Pa cific, St. Paul and Atchison showed the belated effect of the very large earnings for July reporting earlier in the week and Canadian Pacific and St. Louis and San Francisco continued to move up- ward from the same cause. This was a general influence in holding the whole railroad list firm. The fractions and the movements in general were not conspic- uous. The increase in the volume of bus mess over yesterday was mostly confined to the stocks named. There was consid- erable demand also for Amalgamated Copper The Gould Southwesterns were well held to the accompaniment of vague ly denied rumors of the coming develop ments. The Wabash rose about a point each and Denver and Rio Grande pre- ferred gained 3-S upon intimations of a coming favorable annual report.
 The strength of the Chicago Terminal transfer stocks was due to talk Of ab- sorption by the Chicago and Alton. American Tobacco advanced 3% without explanation, and Colorado Fuel 2. The New York, Chicago and St. Louis stocks rose 2%. The bears were seemingly dis comhted by the absence of a furry on the call loan market. They had count cd upon the demand for the loan to carry over until Tuesday to stiffen rates and bring stocks upon the market. This fail ed to occur in spite of a very unpromis- ing forecast of the weeks cash changes. From statements furnished by the banks it appears that they have sustained loss in cash of upwards of $6,OOO,0O0 in the week; Of this the sub+treasury took s4.- 62s, COG, of which $1,S5O.00o was cash de- posted for transfer to the interior. The direct shipments of currency by express have also been very heavy.
 London bought stocks quite freely here and tho resulting decline in the ex- change market added ito the sentimental effect of this buying. The market closed moderatjvely active and firm
 Railroad bonds wre very dull but firm. Total sales. par value s2,01s,7O0. United Stat bonds were all unchanged on the lastscall
 The stock market on Monday suggest ed, and that of Tuesday confirmed the inference, that the elaborate efforts which had been making by contigent of professional operators for two weeks previous to awaken a speculative move ment in stocks on the present outside public, had been effectual. The recogni- ton of this fact caused considerable throwing over of stocks to realize by the professionals and the sharp break In prices Tuesday afternoon.
 New York Stock Market
 Qv Private Wire to Murphy & Co.