Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-08-30
Decided Strength Shown the
Greater Part of Session.
DEALINGS LIGHT IN VOLUME
London Generally Heavy From Profit
Realizing.
MONEY MARKET SHOWED EASE
Strong Tone Marked Movements Soon
After Opening-Advances Common
in the Railway List.
DEALINGS LIGHT IN VOLUME
MONEY MARKET SHOWED EASE
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, August 3O-Today's stock
market showed decided strength during the
greater part OF the business session. and
the course Of prices was commonly attribu-
ted to the same general set of influences,
technical and otherwise. that has been
similarly influential throughout the week.
The dealings were very Hight in volume but
this was clearly enough attributable to the
approaching triple holiday.
The London stock market was generally
heavy. but its tendencies were referred to
nothing more than profit realizing sales
The London money market showed contin-
ued Operations here for foreign ac-
counts resulted in the sale balance Of
about 1O.O 600 shares of stock.
The preliminary estimates OF the principal
movements in currency during the week In
dicated loss in cash by the banks of only
shout 81 600 900. although they lost in their
direct operations with the subtreasury near
iy s.. 100000. The apparent discrepancy rep
rssents. of course, the treasury deposits
Authorized under Secretary Cortelyous
plans announced last week.
Money Market Active.
The money market was naturally some
what active in the call loan branch, but
showed continued relaxation in that for
loans time.
There was little in the news Of the morn
ing or in the DEVELOPMENTS with the course
Of the business session calculated to shape
speculative sentiment in either direction.
The further recovery in the quotations for
the outstanding New York city bonds had
o good effect as indicating that the forth
coming issue might be subscribed for at
higher figures than has been commonly sus-
pected
The relief to the money market through
the Treasury operations and the indicated
success of the city bond issue appeared to
be still the controlling influences In the
dealings Cpon occasion there were evil
dences of renewed operations for the short
account. and these were based mainly on
the notion that there might be unfavorable
DEVELOPMENTS IN the Standard Oil next
week. but on the other hand. continued
covering OF short contracts in other direc-
lions and in the persistent accumulation Of
odd lots of stocks by small investors were
the main factors in the gradual upward
movement in prices.
At the opening of business the quotations
generally showed slight recessions from
yesterdays closing levels but the market
quickly assumed a strong tone. and re-
tained il very well during the remainder
Of the day.
Local fractions Strong.
There were no exceptions of any impor-
tance 10 the general course of prices. All
of the local traction issues were strong,
and a noteworthy advance took place in
Brooklyn Rapid Transit.
Advances of one and two points were
quite common In the railway list, and the
Industrial and miscellaneous issues while
Delaware, Lackawanna and Western en-
3oyed the characteristic rise of twenty
points Movements and the dealing in par
ticular stocks were quite as free from d.
rect news or special gossip as has been the
case for many weeks past.
The copper stocks were exceptionally
weak in the London market. but in the
IL line with the general list American
Smelling and National Lead, together with
Distillers' Securities, were notably strong.
the railway list was furnished by Union
Pacific Reading, the Hill stocks and St.
Paul.
The stock market was quite uninfuenced
BY the lively speculation in the Chicago
grain market.
Spot closed quiet. Middling uplands.
1850. middling gulf. 1880; sales, 2,O14