The Birmingham age-herald., 1902-08-07
STOCKS CONTINUE DULL, TRADERS IDLE Only Few Listed Securities Are
 Bought or Sold. HOLDERS ARE ALL CONTENT Market Seems In Excellent Shape, With Traders Awaiting the Mov.
 ing of Crops, Which Prom
 ise to Be Abundant.
HOLDERS ARE ALL CONTE I

New York. August s.-Todays stock market continued to demonstrate in negative way the underlying strength of the financial and business situation in the country. Trading was mostly idle. The few stocks which were strong, did not make an impressive showing and did not alter the listless tone of the market in general. But it Is clear that there is nG eagerness to sell stocks. With no buy ts on a large scale in view. holders " themselves content to carry stocks
 l walt for more active demand Tho
 " idleness of the market is reas-
 iring fact. Over-extension of credits in speculative ventures Is the one fear that threatened bad consequences. Now there seems to be a common cause to await the satisfaction of the coming require ments of the country for moving the crops. All authorities are agreed that this requirement. will be unusually large this year.
 Todays small export of gold was ob- viously a mercantile transaction and 1t was broadly intimated that something equivalent to a premium was paid by
 
 proach of the period of safety for the years crops confirms the confidence in their abundance. With plentiful harvests and large surplus of our products for export. any anxiety over the liquidation of our floating foreign indebtedness with put embarrassment, is quieted. The decis- lon of the stock exchange to close on Saturday for no other cause than the coropation of the King of England, is testimony to the general acquiescence In the present dullness of the trading in securities
 A demand for the Gould Southwesterns was the most conspicuous feature of the days trading. The very heavy buying of Texas and Pacific was by the same brok- CTS who have been active in Missouri Pacific for some time past, and the re- sponse of other railroads in the group was purely sympathetic. The operations were supposed to be for account of the same people which has followed the up- ward movement of these stocks from the start. Hooking coal made a jump on in- spred intimations that large new inter ests were to enter the property and ex- psnd its field of activity. Hooking Val ley was bought on the advantage the bituminous coal trade is enjoying from the paralysis of the anthracite trade.
 The movement in sugar was character istic of that stock in a period of dull ness in the general market and was ascribed to the prospect of an active sea- son in the fruit-canning trade The only stock which seemed to be directly af- fected by the excellent corn crop reports, was Atchson, of which the absorption was very large There were a number Of minor stocks to show some strength. Brooklyn transit was heavy on the poor report of earnings for the fiscal year. St. Louis and San Francisco reflected some disappointment over the deferred an- nouncement of the details of it's new ac- quirements. The express stocks made fur ther easy advances on light transactions. The market closed moderately active, but irregular. Early firmress in bonds gave way to some reaction. Total sales, par value, S1, G40,0OO. United States bonds were unchanged on the last call.