Evening star., 1909-07-18
STRIKING EXCEPTION
Weekend Market Unlike
Usual July Saturday.
BROAD RANGE TO TRADING
Marked Increase in Activity for
the Standards.
RAILWAYS LEAD THE PRICES
Industrial and Trade Reports Indi-
cate Unusually Good Condition
for Time of the Year.
RAILWAYS LEAD THE PRICES
specisl Dispatch to The star.

Special Dispatch TO The Star.
NEW YORK. July 1I.-Today's stock
market bore little resemblance to that OF
a typical July Saturday. There was a
broad range to the trading, a marked in
crease in activity in most of the standard
stocks and an aggregate of $4,000 shares
as compared with $4,000 on the previous
Saturday. AS notable as the broad range
and Increased activity was the market
strength particularly in many of the rail-
road stocks, which in the FIVE previous
days OF the week had made gains much
smaller than had Steel and others OF the
industrials.
Yesterday the Steel shares sold OF,
probably in a profit-takiDg movement,
naturally resulting from the extent of the
advance in previous days, and Union Pa
cIfic was the stock most conspicuous In
the trading. The senior issues OF the
Hartman group sold we'll above its
previous high price from the early trad
ing, until the close of the market, and
scored net gain of 35s points. Southern
Pacific, Reading, Louisville and Nash
Vile and Atlantic Coast Line were other
strong shares in the railroad group, and
the market as a whole was one OF the
most satisfactory of the month for those
holding STOCKS LOT speculative vi
ment purposes. For this decided improve
ment in both the breadth and tone of the
trading the only reason assigned was the
cumulative evidence, supplied in the week.
end trade reports, of an Improvement IN
practically all lines and an Improvement
surprising the average expectation.
Record of Advancing Activity.
AS supplementary. for example. to the
demonstration of Dun and Bradstreet that
hos
ord of advancing activity in industry and
commerce, Marshall Field & Co.'S
weekly review reported orders from re-
tailers unusually good for this season of
the year. advancing prices and an indis-
position of manufacturers to commit
themselves for goods not at hand, as they
expect advancing prices.
The compilation of bank clearlngs Tor
the week showed a total of $2,911, 900, 600.
an increase of Is per cent over the cor
responding week of the previous year.
and Duns report of commercial failures
for the first two weeks of July showed
q decrease of approximately 30 per cent
In liabilities, as compared with the cor
responding period of 1905.
These and other favorable presentations
BY the trade papers were also strengthen
ed by such concrete reports as that Bal
timore and Ohio was in the market for
more than nine millions Of new equip
ment, and that the Boston and Maine
had placed orders for LOCO tons of steel
rails.
Strong Surplus Reserve.
Neither the return of more than So
700 600 OF government deposits nor heavy
gold shipments to South America suf-
aced to reduce, except by an inconsid-
erable amount, the remarkably strong
surplus reserve shown by the clearing
house banks last week. Tie surplus re-
ported yesterday in the actual state
ment is made close to $4,000, 600. and
though more than half of the $500 900
gold engaged for shipment to the Ar
sentine remains to be forwarded, today's
Itatement showed the condition of the
Banks stronger than 1t had been repre-
tented in any of the forecasts.
In regard to the crops, we'll, the
consensus of opinion in Wall street at
The close of business was that marked
progress in both tho cereals and cotton
aad been made i'll the course of the
week, and that the time was not far dis
ant, current favorable weather continu-
ng. when the present bright prospects
night be regarded assurance of abun-
liant Yields.