The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-08-07
FINANCIAL AND cOwMERcI,L.
SAIrRpAI. August 9

SATURDAY. August q.
m a market as duh a. that to-day Il -
exceptional 20 not" such strength az was
maintained from the beginning In the close
and such gains ~ were scored m most ~
the active stocks and IN many ~ the ord
narily lnsr'Ivs and Investment shares The
turnover vas hut H'tle m rNc~ss 10 IN go
shares sri ~ was probably true. aS the
majority ~ brokers maintained that most 81
the bsyIng represented a covering 81 short
contracts But IN" more fact that specu-
lAtoTs short II stuc,s we're ANXIOUS tn cover
dsplayct again III" change IN tho Attitud"
- Spectators toward M" market. and the
fact that strs.Ss tn r"ttr" short contracts
could ohly n- had los bidding prizes upward
supplied additional evidence NJ thor
nIZhly uy.r-pld condition. In the ordI-
narllv Inar'rve stocks features u the mar
LOT Wer" gains - points IN American Lin
->eh pr"f"rr"i 3. points IN l-IClsie Gas
- poln'- M Minneapolis. ~ Paul and Nault
~f" Mar" and points N mon Pacific
pr.fcrrri Ih' gains m American lin-'~'h
pr"f"rr,-l AMI 81 - W-r" reminders 4 the
declines IN rh.,-' stocks and m National Lead
,,h"n ~ W., reported that tur FAX and " heat
crops n Ctutd, had h.en r1,n"d and the
drr,S.trr~ - National l,'ti r"iIccd the
nld fallri 10" advance Il mon Pacific
Preferred % stock lmt.-i t. I,'r cent.
dlv'I.nd though having a lsrtenrl! inter-
49, m ~" D'wuslny'I ASSETS. r''calt-l the
.'ll NOR" iu~i"n' hIst ~ ~ the numerous
"ocal,.ous when rh" stN'S has h.-n moved
~ beyond TN. rarity - IT. in'Dme return
To- ~" COMMANDMENT - stories at a segr'-
%1tinn II t-~.t, News 81 ia" day had little
all . flta
I'D" ~'yl'.N~ simply confirming previously
wnll uui"r-trri t,ft"n'l-s IA general
n.slr,-- u" bank ~tttsrnent. published
.'r.'r '',. Gloss. q the market. alsn confirmed
.NY,. Z t'.ru . l,'Ni nu IA" known movements
e money n showed an inrr,'I-a 81 s. 5s.-
80 10 surphI, rrs,'Ty" and total surplus Of
moro thru s-2 ~ ~ which - twice the
.nnvn' 90 ~" end - N" corresponding
wa"k Lts' wear AMI " cnurs' displays an
'N'rauu.u .r.lv strong h,nS.ng I,rsItion
on H." week the actiV" stocks gained
IN tn" average more than 81 ~ a share
IN IN" inst 'wp DAYS Il the weaN th' mar
1T Na- tt times Unsettled hv costly
.IpglitUnr and abrupt declines IN npSa-
Nedk" and ONO and other stocks IN the
.,r-oI!."i Htvi"v system. nIt after blocks
81 tuc,' - 30. 81, were Tn n-fnrrvi AZ private
,.aI' tie market rallied sharply. From
That time until the oio-" q the week.
'royE' 80 times subjected - determined
o. .irE pressure, the market displayed no
- XII e Weakness IN any particular
-'n.t or group uf stocks. thus confirming
re .,e rance e bankers that the forced
hqIiGlt..u of wealthy men crip'lrd Nv
-" i"rIue had t."n completed In ~"
iIsi tao iavs ~ particular III. market
nfn-c sturdy resistance - selling pres
>urr. mn ~, tone IN these DAYS was com
r'rs.-l and AIN. j h" development " the .
NeeN most encouraging - the construc- .
tive -i.!" e tH. market was the relief 81
IN" Kansas corn crop from IN" long
brought which 'tr" ttenod ~ with severe
ttulge H." Improvement - the corn
condition ~ lla revived IA" estimate. 4 a .
fptIt ,H~n u~pT, m "vrs-- { 7pPI ~ 30
and t.I- ''~tI.ntt" j. hS"Iv - h. min
famed ","u .u'ucN tie Government crop
import 20 = published Monday shows q
,lst"rlurit m The report - - dat, Nu-
gust :. ,'' 70 - -.nc" t.a' time that rains
Hiv" N-.rna'"i PIN" crop. Tn" indication
" r'.Hri vI"II - .nrn bpnU"u~tt.~ for .
. D." damage, 80 wheat tnt lama ~ To- c.i.
TON "i -""u., o. t-,lr, Igrr"gt'" crops q,
.fty.riE" IN rr"y vdlu" Tn" ~ ~ grnrr-
ally accept & estimate - about - uptuE
I ~ b" .-. '.- ..- cd whole,