Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-08-11
Little Variation in the Stock
Market Dealings Today.
FEW NEW HIGH RECORDS
PRICES, GENERALLY SPEAKING,
ADVANCED FURTHER.
'lway List Showed Conspicuous
Activity-Numher Of Traffic State
ments We're Encouraging.
Special Dispatch to The Star.


NEW YORK, August u.-There wa. lit
tie variltion in the story Of today's stock
market IN comparison with those OF the
earlier part OF the week. Prices generally
speaking. advanced further. there
material augmentation in activity and, In
some instances new high records of value
were created.
The higher priced anthracite coal stocks
were much less conspicuous than they were
yesterday. but their position in the market
was filled today by the so-called Hill group
of stocks. In which cases practically new
levels Were established by Great Northern
preferred ana Northern Pacific.
These stocks. however. did not by any
means compete the fist of shares in the
railway list which made extensive ad-
vances.
Other noteworthy examples were New
York Ccn.raj. Chicago and Northwestern.
St. Paul. Cnon Pacific and Louisville and
Nashville. large number of statements
of railway traffic covering recent various
periods were published and all made
couraginy exhibits. Apart from such rou-
tine circumstances was there little actual
news relating to enc stock or another.
London a Notable Factor.
London was considerable factor in the
local dealings. the higher quotations from
that point being followed up by operations
In this market on the buying side amount
ing to about 5000 shares
Optimistic expectations with regard to tho
out-turn of the peace negotiations between
Japan and Russia were again q factor in
the tone OF the London stock market, not
withstandiug the rather discouraging ad
vices in that same respect which were pub
Hshed in the morning newspapers.
,-,,lA ,,,,1
2 per cent. notwithsts nding further trans
ferS of currency TO the interior. The pre-
liminary estimates of the general move
ments In currency during the week pointed
to a loss by the banks of about S10OO.0o0,
and in view of the rates at which money
call has been lending throughout the
week there seems to be a small prospect
that the banks can escape another reduc-
ton IN surplus reserves.
Better Distribution.
There was a better distribution of strength
and animation in the stock market at large
than has been the case throughout the
week. The more striking movements in the
railway list have been already referred to.
and transactions in the local traction shares
brought about advances in prices also. with
out developing any special features of in
terest
The industrial and miscellaneous stocks
We're all firm. with noteworthy advances in
the lIteu states steel STOCK and Amiga
mated Copper.
\ considerable increase in the business of
commission houses was commonly report
cd, not remarka bic effect of another week
of rising prices. during which the average
Level OF the market has been carried to the
highest figures noted in nearly three years
and practically on record.
Tie commodity markets were. however,
generally firm today. substantial advances
taking place both in wheat and corn. With
the present virtual assurance of tremendous
yields ~ both of these cereals. nobody will.
however, be disposed TO animadvert upon
the profit remunerative prices which the
farmers will receive for their products