Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-08-18
Stocks Have Sinking Spells,
and Then Recoveries.
MARKET HOLDS HARD
PRoFIT-TAKING SALES ABSORB
ED WITHOUT DISTURBANCE
Gold From Australia Causes q Rally
Good Buying Of Standard Rails
-Bullish Tone.

NEW YORK. August IS-The opening
Trading was active and dealings were we'll
distributed bH the tone of the market was
very irregular. number of the leading
stocks showed fractional losses. but the
majority showed gains. The opening sales
OF Rock Island were of $500 shares at 81
and s,A. compared with sySs last night
Missouri Pacific rose rs Southern Pacific
s. Northwestern preferred liz. Southern
Railway ~ and the preferred point
There was large buying of a number of
prominent stocks and their buoyancy gave
sympathetic tone Of strength to the whole
list. which rose above last night Rock
Island was the leader with an advance of
nearly points. Amalgamated was also
conspicuous with rise OF 1as Gains of
a point or more were scored by St Paul,
Union Pacific. Southern Pacific. Atchison
preferred. ST. Louis Southwestern. Reading.
Southern Railway. Pennsylvania. Chesa-
peake and Ohio. United States Steel pre-
ferred and Smelling preferred
Lackawanna rose 2k. but Central of New
Jersey lost a point. Chicago and Eastern
Illinois certificates rose and Missouri Pa
cihc la Before IL o'clock Amaieamatei
iosl us gam Union Pacific. Reading and
ROCK Island had reacted a point and Erie
Atchfson. New York Central and other
STOCKS which had not shared In the inward
movement were fraction below last night.
Inc market became quiet on the reaction
Inc announcement of authority for the
Subtreasury to pay out 81 Cso oso for Ans
traiian gold deposited in San Francisco
railied the market. Rock Island was lifted
rs over last night, ST Paul . and some
other STOCKS recovered to the best Sugar
rose IA. The majority Of the list did not
touch the top level of the morning Prices
then sagged. but hardened again before
noon. Bonds were firm at noon
ne market became slightly irregular but
the further advance in Rock Island to s2M
ana recovery to the best by AmalgamataJ
had a sustaining effect Atcbison RaIti
more and Ohio and Texas and Pacific
gained a point and ST Louis and San Fran
cisco second preferred ~ Iowa Central
Fuel reacted 3
Inc market developed new points M
strengh which kept the whole list strong.
rock Island made further advance and
; trie coaiers rose strongly. Reading gain
ing nearly points. Baltimore and Ohio
southern Pacific. Amalgama.ed and Ten
nessee Coal made gains of ISa1a. Clevc
land. Cincinnati Columbus and ST. Louis
rose 3. Consolidated Gas 3Is General EIac
trio, 3A and Pullman H. Proft-taLin,
was constant under cover Of the shifting
OF buying. but was well absorbed
Cotton Quiet and Firm.
NEW YORK. August IS-Tbe cotto,
market opened quiet and firm at UNCHANGED
prices to an advance of five points follow
ing better cables than expected. but after
advancing another two or three points on
the active months turned slightly easier
under realizing as result OF the excellent
weather map and expectations of a very
bearish bureau report at midday
General trade was very quiet with the
room operating on both sides apparently
evening up accounts preparatory to The
weekly bureau. After returning to a level
shade better than last nights finals on
some positions the market was quiet and
showed little tendency either way