The Birmingham age-herald., 1908-07-15
STOCKS ADVANCE
 IN DULL MARKET Tendency Is to Slip Into Rut of
 Inactivity STEEL STOCKS ARE ACTIVE iRumors Are Received That Southern f Iron and Steel Companies Are To
 Be Absorbed By Steel Cor poration, Which Aids.
STEEL STOCKS ARE ACTIVE

W York, July 14.-The stock market ed a tendency to slip back into the of dullness from which last week s ated dealings had stirred it until the stent strength of the market prompt renewed outburst of buying in the dealings. In spite of the early dull of the demand there was conspic- scarcity of offerings of stocks. This sufficiently marked to make it the acteristie feature of the market. The md, while moderate, was thus made tive in holding prices. London was yer on balance in this market, with effect on sentiment beyond the pos effect of prices of this demand.
 e absorption of United States Steel nued in a manner to keep attention !, and the persistence of this demand attributed in a general way to the rful view of the trade outlook emit by leading authorities in the indus in published interviews from time to United States Steel touched 42. The ern Pacific stocks were another z. strength and the dividend poli-
 flied in the maintenance of
 ore and Ohio dividend was to be responsible for this buying assumption that it was carried '"Nras1lege in the influence of the tlanta, system. There was some ease ir1 rumors of an intended con- not be southern iron and steel com bama, ttheir ultimate absorption by $ have States Steel corporation.
 the grs he adjustment of the wage . state. geen the Western Bar iron snue coand the Amalgamated Asso- u manu, helpful factor in this group Lsed mo So was the reported blow e since tore blast furnaces of the e enacte.s Steel corporation. There rhile no lble discussion of the show ned tha elicit of $7347 from the six ia a clos tions of the H. B. Chaflin increase p.pared with profits of nearly if r0qid tCOllCSpOiidiu6 pCliOo Ol iuSe nto,n coss was accepted as a meas .ha4 4L depression rather than of ,ts sao., ts and was not more severe .,,. ora expected to be shown. conviction of the presi- .,.,a,.s ,mpany that improvement --t7.: to the thorough disposal
 ks was regarded as sig reight problem continues
 1sition of, prime import e counties .,a, 5 ..a,, o,ao gnu dvance in all classes of ar seem to desti,ations which w.s lhat the cative of extended action traIlic, Reports of conferences iance'- IT c officials of eastern rail settlng the formation of plans juice-i, n by those companies. A lties. If tn from the prevailing by the market was caused
 pressure on the Rock Isl- securities. Rumors were
 ted difficulty on the part
 subordinate companies in
 obligations. These were
 dissatisfaction of various
 ie present form of organ
 mpany is admitted. There
 understanding today of
 ,Igth in the wheat mar
 Arart to estimates of re-
 to the fears of a Rus
 effected in Russian buy
 Fears are still enter
 to spring wheat from
 wheat market was lower
 showers in North Da-
 ~ket was still moderately
 withdrawal of govern
 rom the banks and by
 for the payment of the
 of subscriptions to the
 nding bonds.
 \ age advanced and gold
 1 der consideration. The
 -sed with large buying
 bus quarters of the list.
 kavy. The expected offer A ) of Delaware and Hud-
 .i to bankers, were an in-