Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-08-07
Active Stocks Were Quiet
During Early Dealings.
FEW RAILWAYS LIVELY
u. S. STEEL WAS FIRM AND AC-
TIVE THROUGHOUT DAY.
Uhe Balance of the Industrials and
Little to the Transactions.

NEW YORK. August Until the early
part OF the afternoon the usually active
stocks contributed very little to the fairly
large volume OF business which was trans
acted During the forenoon In particular.
while such stocks Northern Pacific. Great
Northern preferred. Chicago and Northwest
ern. Chicago and Alton. New Jersey Central
and Delaware and Hudson were rising
rapidly. those railroad shares usually fore
most in the specua ton were dealt in upon
q remarkably small scale
With the exception of the United States
Steel stocks, which were firm and active
throughout the business session. the same
description was applicable to the dealings
In the Industrial and miscellaneous sharcs.
During the morning session. in fact. Anal
gamated Copper and American Smelling.
which have been so prominent of late were
notably sluggish
u. s. Steel Animated.
The animation in the United States Steel
shares extended. however. to such stocks
as Colorado Fuel and Iron, Tennessee Coal
and Iron. Sloss Sheffield and Republic
Iron and Steel. The movement in the last
named was plainly attributable to the vir-
turally assured early resumption of dlvi-
dends on the preferred, besides which 1t Is
expected that steps will soon be taken to
provide for the payment of the accrued
dividends on that stock.
The strength of the other stocks men,
toned seemed to be based altogether upon
considerations of the prevailing prosperity
in the iron and steel trades throughout
the country. United States Steel preferred
sold ex quarterly dividend today, and re-
covered a good proportion of the conse-
quent deduction from its market price.
Railway Equipment Shares.
All of the so-called railway equipment
shares were likewise very firm. In the
early afternoon the market showed distinct
ly broadening tendencies. and a material
Increase in activity was noted in New York
Central, the Erie stocks, Reading and St.
Paul The smart advance in New York
Central had been preceded by substantial
advances in c., c., c. & St. Louis and
New York, Chicago and st. Louis and it
IS unnecessary to say that the pronounced
strength of the Vanderbilt group had Its
usual Influential effect upon the remainder
of the market.
The local traction shares participated also
in the markets increased animation after
midday
Today was a bank holiday In London and
no influence was exerted in the local mar
ket from that direction. Apart from the
very favorable weather adyices over Sun
day and the sangune estimates dissent
mated with regard to crop prospects and
agricultural returns in general. there was
In fact little of interest to be deduced from
the days situation in explanation of the
market strength. Money on call continued
TO lend around per cent. The business of
SoAlihlosioil AIouSto NdS upon a
scale i'll view of the advances which were
scored In all directions, but with a reten-
ton of present market tendencies there Is
no doubt that much will soon be heard OF
an enlargement in outside interest.
There was q considerable increase In the
volume of business transacted In the bond
market. where the leading features were
the United States sinking fund per cent
bonds and the Central of Georgia in
comes. 1t was reported that the directors
Oh the latter company had decided that
the earnings from the ended fiscal year
fully warranted the declaration of the
full > per cent to which these issues are
entitled During the first month of the
now fiscal year the Georgia Centrars
earnings have averaged $4,000 weekly
above last years returns.