The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1904-09-02
BIG IMPROVEMENT SHOWN
IN THE STOCK MARKET.
CROP REPORTS BECOME
MORE REASSURING.
Sugar Gains Point on Inside Buy
ing-Steel Preferred Ad-
vauces to 63.

New York. Sept. 1.-wliile the tone OF
to-day's stock market was fi-m In the
main with distinct Improvement in many
issues. operations were again largely for
professional account and in moderate
volume. Trading. however. was char
ncttrized by some indecision and con-
trary movements.
The governing feature was the crop
situation. concerning which a great deal
Of news. mostly unofficial and of doubt
full value. came to hand. Dispatches from
the West indicated favorable conditions
for maturing corn. and It is believed that
much Of that commodity Is now secure
from severe injury. General crop ad-
vices from the Canadian Northwest were
Of the same terror. Yet reports OF frost
were effective in advancing both wheat
and corn here.
Unauthorized statements that the pre-
vailing prices for steel teams and plates
would be maintained. COUPLED with other
trade reports OF favorable character.
helped to give renewed strength to the
Steel stocks. United States Steel pre-
ferred registe,ed another substantial adj
VANCE. although the stock was sold here
by London. That center also took profits
In some Of the other internationals.
OPENING IRREGULAR.
Opening with an Irregular tendency
the local market room made recovery IN
der the lead of ST. Paul. The smart ad-
vance in this stock was aided by reports
of the company's agents, telling OF the
rapid progress that Is being made in the
harvesting OF crops. Other features OF
strength were Union Pacifc, Southern
Pacific. Southern Railway. ST. Louis
southwestern preferred and the Rock
Island Issues
sarded as inside buying There a
renewal Of the previous days operations
In Consolidated Tobacco bonds. hut the
buying was again strongly suggestive of
manipulation. The stocks Of the affiliated
companies were comparatively neglected.
Metropolitan securities and Metropolitan
ened. but Brooklyn Transit held steady
at an advance. Orders for the minor Is
sues Of the PENNSYLVANIA group came
from Philadelphia houses. Amalgamated
Copper held firm during the early session
In spite Of profit-takinS.
The feature Of the afternoon was the
ss. the highest level for the present move
rrenf- St. Paul declined on the publica-
fion Of the July report showing a heavy
decrease in net earnings and the balance
Of the active list manifested a reaction
airy tendency.
CLOSING CONCESSIONS.
In the late trading there was further
buying Of Steel preferred Rock Island
common and Erie. Steel preferred closed
e fraction below the top price Of the day.
but the balance OF the active list made
more material concessions.
Developments in the money market
were unimportant. Several railroad re-
ports were issued, chief among these be-
ing that OF the Cleveland, Cincinnati.
Chicago and ST. Louis road for the year
ended June 80 showing loss in net earn
ings of more than 1851 go St Louis
Southwestern reported net increase for
July of about sfI.cS and for the same
month Louisville and Nashville reported
an increase Of 81 so.
In the Government bonds old Is regis
tered declined y per cent and the COUPONS
u Der cent on call. Railroad bonds were
strong. Total sales par value aggregated
dealings