Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-08-14
Market Lost Animation After
Active Opening.
PROFIT-TAKING LIQUIDATION
BR. T. Stock Was the Striking Ex-
ception Today.
SOME HESITANCY IN LONDON
Crop Bulletin Weakened Grain Mar
ket-Cotton Showed Rallying
Tendencies.
PROFIT-TAKlNG LIQUIDATION
SOME HESITANCY IN LONDON
Special Dispatch to The Star.

Special DIspatch to The Star
NEW YORK, August 14-After opening
active and generally strong the stock mar
ket lost some of its animation with the
course of the day, but the market couiu
not at any time be described as weak, ana
such liquidation as was observed was PLAIN
ly of a profit taking character only.
Brooklyn Rapid Transit was again the
most striking exception to the general mar
ket, and the course of that stock was read
fly enough attributable to the difncuities
which have been created upon the system
through Saturdays unofficial expression Oh
judicial opinion. So far as the general mar
ket was concerned there was little In the
mornings news or I'm the days develop
ments to be named as accounting very defi-
nitey for the varying course of prices
Some hesitancy was reported in the mar
ket for American shares in London, not
withstandlng which the quotations from
that point set forth preponderance OF ad-
vances over declines in comparison with
yesterdays local closing figures. and the
arbitrage houses We're suyers here on bal
ance of about $1,000 shares Of stock.
No material alteration was observed
either In money market or foreign exchange
conditions. but speculative sentiment was
again cheered by the opening or the import
movement or gOlo. Wnich II was DoioN
would go far toward offsettins In the money
market the interior demand TOT currency
for crop-moving purposes. -
The very favorable weekly weather bulle-
tin reported from Washington today was
succeeded by some weakness In the grain
market, while cotton options shoWed raj
lying tendency.
Earnings statements and dividend an
nouncements comprised the only real news
relating TO particular stocks. Some disap-
pointment, seemed to be felt locally and
abroad that no change had been made In the
dividend on Canadian Pacific, the more SO
in view of the company's magnincent snow
ing of earnings for the ended hscai year.
fairly large volume of business was trans
acted during the first hour. after which
there was a marked contraction In activity.
interest converged largely upon the same
groups of stocks which have been proml-
and Union Pacific. Pennsylvania and Its
AFFILIATED stocks, AtchiSon, the united
States Steel shares and Amalgamated Cop
Ger There were also unusually large
which were accompanied by reports that
the management OF the company Is con
templating the issue OF an aoditlonai
amount OF common. stock. involving Vau-
able privileges to the shareholders
= The rather uncertain course OF Union ana
Southern Pacific seemed to be attended by
some misgivings as to wnether olvloeno
payments on Southern Pacino would De pc
gun Immediately and the trading element
Of the floor was considerably impressed oy
the character of the early selling or Dotn
stocks The so-called Gould railway shares
showed rather more animarion man nan Dor 5oi
cifc and St Louis and Southwestern In
the Industrial and miscellaneous quarter
the dealings were not In large volume eX-
cept in the United States Steel stocks, rel
atiyely active features there being Ma
tional Lead, American Smelling. Colorado
Fuel and Iron and Amalgamated Copper.