Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-08-08
Material Increase in Activity
in Today's Dealings.
SOME SHARP REACTIONS
TREND OF MARKET SHOWN IN
COMPARATIVE RAILWAY RECORD
Stocks Of Twenty Roads Showed High
est Average Level Since tho Ad-
vance in September, 1902.
Special Dispatch to The Star.

special Dlspatch 10 L ne star.
NEW YORK. August s.-There was a ma
terlal increase In activity in the stock mar
ket today. but this was due rather to spas
mode outbursts of animation than to sus-
tanned activity. The course of prices also
was somewhat more irregular than on yes
terday, there taking place occasionally quite
sharp reactions I'm many Of the leading Is
sues.
Such setbacks occurred were commonly
attributed by observers OF the trading to
nothing more than profit-realizing sales,
and In fact there was little or nothing in
the news of the morning or In the days
occurrences calculated to influence specula-
tive sentiment in one way or another.
The recent trend of the market. however.
Notwithstanding a certain irregularty of
movement. Is we'll illustrated in the fact
that selected list of twenty active rail-
road stocks. employed for the purpose of
making records of comparative price
changes, closed yesterday at the highest
average level that has been attained since
the elimination of the great advance In
the market toward the close of September,
1902.
The reopening of business upon the Lon
don stock exchange revealed a generally
firm tone In that market. which was said
to be based upon the easy monetary situa-
ton there and the belief that the negotia-
lions for peace between Japan and Russia
will be successfully concluded. Contrary
expectations appeared to be locally enter
tained. although they did not seem to con-
market In one direction or the other. Oper-
ations here for foreign account amounted
10 about 20.OOO shares, altogether on the
buying side.
The Weather Reports and Crops.
The governments weekly weather bulletin
set forth for the first time the general prev
alence OF rust In the spring wheat belt. but
asserted on the other hand that the crop
had not In consequence sustained serious
INJURY. In other rpSDectg the hu1la{ip M q
rather mixed exhibit, and the showing
lends especial interest to the full crop re-
port of the Agricultural Department which
VIII be published Thursday afternoon
Grain prices moved irregularly today
wheat being weak. while corn was strong.
Inc cotton market was somewhat sluggish,
owing. 1t was said, to the discovery that
the reserve supply Of that staple in the
Southern states Is much larger than has
been estimated In the days stock mar
ket the now familiar record was repeated
or some stocks reaching new high records,
while notwithstanding the already men
TONED lrregularity of price movements the
general undertone of the market was ex-
ceedingly firm.
The Central Of Georgia.
Following upon yesterdays announce
ment that the full rates of interest have
been declared on all of the Central of
Georgia income bonds, moderate profit TAX
Ing was evident In those securities Now
that the full rate of interest has been de-
cIared on the third income bonds interest
reverts TO the status of the s. 900 900 stock
OF this company which is held in the hands
OF trustees In behalf of the Southern Rail-
way Company. - .-'-'-
This stock now appears as a valuable
asset, and as the federal courts have en-
Joined the Southern railway from exercising
control over the Georgia Central, it is
likely that the former could readily make
profitable disposition of its interest. The
local traction shares were dull. save for
quite a lively advance In Manhattan Rail-
way which took place on larger transac-
tons than have been recorded in that stock
for long time.
The Industrial quarter furnished 10
movements of particular interest. Amalga-
mated Copper Was firm and United States
Realty rose sharply small transactions
The United States Steel shares and the
ether iron stocks were somewhat reac-
tionary.