The age-herald., 1901-08-26
STOCKS TAKE ON
 MORE ACTIVITY Customary Tendency to Take Profits Was Affected
LONDON EXCHANGE CLOSED
Diminished Production of Iron Has Resulted In a Weakening In That
 Market, While Delayed Deliv-
 cries Are Affecting Profits.

New York August A.-The customary tendency to take profits at the close of a weeks rising prices was offset today by the buying attracted by the highly favor- able character of the weekly reviews of commercial conditions by the mercantile agencies and by the settlement Of the Franco-Turkish trouble. The London market was closed for holiday today, so that a demand for American securities induced by the latter development came directly upon the New York market.
 There was some profit taking before the appearance of the bank statement, and again in the final dealings, but the professional found little difficulty in sup porting prices and held the market pretty steady and near the top until the close. The public still holds back. but evidently the hope is entertained that Monday morning will bring more outsiders into the market attracted by yesterdays s greater activity and strength and its per sistence today.
 . The bank statement was about as ex- pected in the cash item, except that the supposed special shipments to Philadel- phia were not disclosed. The moderate loan expansion was attributed to the stirring by poles in the stock market which has developed during the week. The leaders today were Atchlson, Erie, the Paciffcs, Amalgamated Copper and Sugar in about the order named. The strength was well distributed, but some of the re- cent strong stocks hung back somewhat especially the Pennsylvania groups, the Wabash, St. Paul and Southern Railway.
 The United States Steel stocks were quiet, but the preferred rose a point in the late dealings. There has been no re- vival of speculative activity except In few spots. The volume of dealings has been somewhat less than last week. and on Tuesday the dealings in bonds fell to the low level of the year. There was in creased activity of speculative bonds later in the week. Notwithstanding the dullness of the market the tone has been quite firm, and there were periods of positive strength
 The diminished productions of iron has resulted In a weakening in that market while delayed deliveries of some lines or finished product caused by the closing of mills is beginning to interrupt projects under way. The claim of the London Standard that American consumers Of finished goods are placing orders in Great Britain on quite a large scale is consld- cred significant in that respect. Wall street opinion however, Is inclined to 7, determlnedly optimistic view of the out ], look in the steel trade. Operators in stocks are inclined to continue their an- {; aiogy, on the improvement in the anthra- c cite trade in spite of the shutdown or :. the mines
 '- The real pressure upon stocks came in anticipation of the strike. and forced the drastic liquidation early in July, when forehanded fnanciers were preparing for what they saw was the inevitable Am ply refrenched sa result of that fore sight, under the generalship of the most skillful manipulators in Wall street, All departments of bonds were fractionally off to unchanged on the week.
 New York Stock Market.
 By Private Wire to Murphy & Co.