The Birmingham age-herald., 1902-07-19
STOCK MARKET
 IS AGAIN LIVELY Aggregate Sales of Over One
 Million Shares 
 NOTHING TOACCOUNT FORlT Public Sentiment Has Arrived at Stage of Confidence In the Success of
 the Years crops-stocks
 Were Bought Freely.
NOTHING TOACCOUNTF FORlT

New York, July 1s.-Today was another animated one in the stock market with aggregate sales of over a million shares. The strength and variety of the market had no new developments to account for them, but the large capital which has embarked upon the object of putting Up prices and inviting an outside follow ing pursued their operations with appar- ently unabated confidence. These oper- ations are apparently firm in the convic- ton that the public sentiment of the country has arrived at that stage of confidence in the success of the year crops, the continued prosperity of all lines of industry and the sufficiency of tl.e money resources of the country that the example of a vigorous upward move ment of stocks Is a4l that is needed to induce them to come into the market and buy stocks freely and boldly. thus af- fording a medium for the liquidation for the holdings which the capitalists are taking on their rise.
 The leaders of the market today were Pennsylvania and affiliated roads. Southern Railway was brought into the movement in a way to make 1t appear that the closer relations than those now existing might be In prospect between t.ae two properties. The apparent de- termination of the coal miners conven- tion to make their strike general was given as a reason of the aggressive buy ing of Pennsylvania and all the sea- boards soft coal carriers and there was In addition a very circumstantial asser- ton that Pennsylvania had secured con trol of Reading.
 1t is no new thing in Wall Street that with the approaching dissolution of the voting trust now in control of Reading there was a large absorption of the stock with view to controlling the board of directors and it has often been asserted that Pennsylvania was one of the parties to this contest. No affirmative informa- ton on the subject was forthcoming to- day. The accompanying advance of New York Central was held to signify an ac- quiescence in the new contre on the part of the Vanderbilt interests.
 The banks have apparently gained cash this week to the extent of over $4,000,0 of which $l, ,442,0O0 was on subtreasury op- erations and the rest by direct receipt by express from the interior showing the temporary nature of last weeks unsea- Bonable demand from the interior. New York exchange at Chicago rose to a pre- mium of 15 cents. The grangers did not share fully in the days strength, but they were by no means depressed in spite of the unwelcome rains in the crop regions and one or two unfavorable week. ly reports of earnings, including a de- crease of $7S,0O0 for Missouri Pacific at s17,000 for Chicago Great Western; $26,0O0 for Denver and Rio Grande and $93,000 for Chesapeake and Ohio, compared with last years similar period The market closed firm but below the best except In a few cases
 The speculative bonds were active but the general bond market was steady. To- tai sales. par value, S3,626 900.
 United States bonds were unchanged on last call.