Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-07-31
New York Stock Prices on the
Rise Today.
COPPER TAKES THE LEAD
Shares of Gould Interests Continue
to Be Strong.
COMMODITIES ARE IRREGULAR
Volume Of Business Well in Excess
of neutrality-suspicious. Shares
Firm in London.

Special Dispatch to The Star.
NEW YORK July 3l.-There were few
exceptions and none at all of any appar
ent significance to the generally advanc-
ins tendency Of todays stock market
The more active issues advanced from
one to more than two points. and smaller
gains were common throughout the va
rous departments of the market. The
upward movement in prices had. how
ever, no general explanation in the way
of important developments. Trading was
upon a very small scale at the opening
of business. but thereafter there took
place gradual increase in activity,
which was plainly caused in large meas
ure by the exceptional animation in the
shares of all the copper producing COM
panies.
Amalgamated Copper was, in fact, the
leading feature of the dealings in respect
of strength and activity. Further ad-
vances were made in the selling prices for
the metal and all authoritative reports
upon trade conditions suggest improve
ment of a lasting character.
Aside from the positive statement made
last evening that the immediate require
ments of the Wheeling and Lake Erie
Company had been provided for, there
was little in the way of definite intellf-
gence during the greater part of the
business session bearing upon affairs OF
the Gould companies. The shares of the
latter continue strong. however, although
they were less active than earlier in the
week. The more conspicuous features OF
the railway list today were Erie, Chicago
and Northwestern, Canadian Pacific.
Reading and Union Pacific. The strength
of the Erie shares was In some degree
h. cd nv
will benefit In some way from read
justment in the affairs of the eastern
lines of the Gould system.
Coal Stocks Steady.
All the anthracite coal stocks were no
tably steady.
Preliminary estimates Of the principal
movements in currency during the week
pointed to gain by the banks OF about
So 500. 900. In spite of the beginning of
currency shipments to the west. the gen.
eral in and out movements of currency
showed a gain in the neighborheod of
s3OOOOOO. The balance was otherwise
struck between the gold shipments to
Canada and the gain from the SUBJ
treasury.
The commodity markets moved irregu-
larly and cotton was Arm in spite of the
highly favorable report upon the state of
that crop.
The volume Of business in the stock
market was we'll in excess of that record
ed yesterday and the dealings continued
to reflect wide distribution of specula-
tive interest.
The London Market.
Special Cablesram to The Star.
LONDON. July 31.-In the late after
noon idleness prevailed in the domestic
departments and prices showed little
change. Turkish stocks declined II to ~
per cent International securities fol-
lowed this lead.
American railway shares closed firm at
the official session. but were narrow. The
curo was lightly attended. but prices hard
ened y to u. Copper stocks were strong.
Russian funds closed lower at ssh for I'M
perial As and 95 for 5s. Continental
bourses were steady