The Birmingham age-herald., 1905-08-10
MIXED GAINS AND LOSSES ARE SHOWN New High Records Made Here
 and There UNDERIONE IS VERY FIRM Feeling Is Prevalent on Wall Street That Present Negotiations at
 Portsmouth Will Result
 In Peace.
UNDERIONE IS VERY FIRM

< New York, August s.-opening prices on the stock exchange today showed mix ed gains and losses and prices moved in contrary directions in different parts of the list throughout the day. There was scarcely time when a consistent tone was perceptibe so irregular and mixed was the movement. Here and there in the hst new high records were made and an active demand for one or two of the stan dard market leaders relieved the trading from its appearance of it's being given over entirely to the less prominent specialties. The strength of these influential stocks WAS obviously taken advantage of to eff feet sales of realizing profits at different
 Some of the less conspicuous stocks recently rushed to great height proved soft and made wide declines. The volume of dealings sprung to. some extent and there were periods when the dullness was more intense than for long time. But the character of the market was not essentially changed. Selling Of any inn portanee was only in evidence as prices were bid up to meet the ideas of holders of stocks and 1t was when bids were withdrawn and quotations allowed to sag that the dnllness Of the market became most profound The news bearing on values was of the same tenor as for some time past and served to keep up the spirit of confidence in business and in- dustrial conditions. which form the un- deriving basis for the firm undertone of the present market.
 The actual opening of the peace con- ference at Portsmouth. N. H., did not change the recently prevalent view or that event held in the financial district which may be described as one of con- fdence in ultimate peace, but with con- servative reservation against possible complications. It Is the general feeling nevertheless that a rupture of negotia- tions and a determination to continue the war would precipitate hazardous pub iication in the financial markets. So lar as the immediate effect in this market would be concerned the determinauon Dy the Japanese government of its disposi- ton of the large funds on deposit here to it's credit would be the prime factor.
 The expectation that the government report on the grain crop to be published tomorrow will be very favorable was a sustaining influence on the grangers to- day. St Paul showed the belated beneht also of it's good June net earnings state ment published yesterday. Amalgamateo copped announced then. smeifering re
 sumed It's flight to new high record levels without a definite taking on their recent advances, although Delaware and Huu- son sold up to new high record. ne slump in National Enamellng was sthe easily explained result of the passing or its dividend. and corn products preferred was further depressed as consequence of internal dissensions amongst tpe own- ere of the property The furry in the Denver banking world was a factor Tn the late reaction. Some weakness deVei- oped in the iron and steel stocks when IL was known that the Iron Age sfatstics for July showed an additional accumuia tfon of stocks of pig iron on hand m spite of a further curtaiment Of production as