The Birmingham age-herald., 1905-08-24
PEACE OUTLOOK
 IS POTENT FACTOR Substantial Advances gre Made in Stocks COPPER SHARES ARE ACTIVE There Was Quite a Movement In the Gould Group, Missouri Pacific and
 All Colorado Southern Issues
 Advancing smartly.
COPPER SHARES ARE ACTIVE

New York, August 2s-The improved outlook for peace at Portsmouth was potent factor in shaping the course of today's stock market. This same feeling was reflected in the foreign markets Trading kept prices within the large vol ulne of the previous with a number of substantial advances and much wider distribution of business.
 Reading and the Fries were less con spIcuous their places being taken by number of high grade railway and the industrial shares. Nevertheless, Erie com mon and second preferred advanced to new high records. Reading recovered to within fraction of it's record price, but was later irregular. The best opinion is that the operators connected with certain large pools took advantage of yester- days active market to unload a large part of their holdings. but are still com mitted to higher prices
 Trade reports at hand today bore close ly upon coal copper and iron and steel conditions. The recent rise in the coal shares Is explained in part by advices from the distributing centers telling of in creased activity. The renewed strength of Amalgamated Copper, one of the days market leaders, followed another advance in the price of the metal and further de- mands at home and abroad for refined copper, of which there appears to be but a small supply. The movement in copper today was accompanied by ru- mors of an increased dividend in the stock in the future. The recognized authority in the steel and iron trade testiefid to be very satisfactory conditions in that indus try. The United States Steel shares were active and stronger than for some days. Pennsylvania led the active list in the early dealings and Baltimore and Ohio, Union Pacific, Southern Pacific and St. Paul were prominent, the latter, however. losing some of its early gain.There was quite a movement in the Gould group. Missouri Pacific advancing smartly with marked gains in all the Colorado South ern issues. In the general list the most noteworthy advances included Louisville and Nashville, Atlantic Coast Line Atch- ison, Ontario and Western Rock Island. Southern Railway, Sraialting ' sfsrred and Sugar. The last hour was the .iiest period of the day.
 Heavy realizing in the active list was largely responsible for the general de- clines none of which. however, was very severe Operators in the various pools seemed to have expended their ammuni- tlon and traders a class was cautious to the e.<tent of carrying few overnight commitments. In the last few minutes of trading there came a fresh outburst of speculation. which carried such stocks as Union Pacific, Missouri Pacific, Anal gamated Copper and Steel shares to the days best prices, and drove the shorts to cover once f1ore l. London was reported to have bought considerable amount of stock in this market on orders of her own account and for the continent. Local money conditions continue easy The bulk of today's call loans were made below 2 per cent, while the rates show yielding tendency. four months money being of fered at 3 per cent, as compared with per cent on the previous day.
 The financial institutions with important interior correspondents are agreed that in spite of the probable increased crops the