The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-09-07
New York
Stock Market


cry in stocks was carried further TO-
day. The movement was less vigorous
than yesterday. and gains among the
important issues were smaller. but the
Improvement was broader in its scope,
extending to many Of the semi active
railroad and industrial stocks. Stocks
were not pressed for sale, on the CON
trary offerings were small. except at
higher ngureS. Although the demand
remained light. sellers did not find ii
difficult 10 advance prices IN almost
every dire ction whenever any demand
appeared.
As en- other recent days there were
signs % nervousness on the bear side.
Covering of short contracts was per-
haps the most important influence IN
bringing about the advance. but there
appeared to be greater activity on the
long side OF the market. one OF the
important bull traders who has been
inactive for some time was reported
to-day 10 have roopeaed operations.
That somewhat better feeling eX-
listed was evident although the up
ward tendency was not generally re-
gavded as marking an important
change ia the attitude 81 the more
powerful Interests. So FAR as IS known,
the chief financial agents are not in
NestnG hNtv!ly. The public, however.
Is still Withholding its patronage, the
lower scale Q: prices not having LED
to extensive investment buying.
In line with the course OF stocks
was the increased activity in the bond
market. Transactions in listed bonds
wers considerably large. and private
sales also were reported IS having be-
come heavier The inactivity Of this
department on the securities market
has been one Of the most disappoint-
lrE features, but to-day bond dealers
reported that the inquiry was more
active and that they found Increased
diihculty in nil!rc orders except at
adval-ns prices
The Stagnat!cn which prevailed in
taa -.
shown by the output OF new railroad
and Industrial securities in August
which fell TO S5l.5l6.000 as compared
WITH Si2s9l2,ooo in July and s23S.3a7,-
amounted 10 the abnormal small fig
ures OF Si4.34l.0Oo. or only half the to-
Ia! for the corresponding month OF
The higher level OF stocks establish
ed in the early trading was MAIN
tained most of the day. There was an
increase in selling late IN the after
a aHGn sb0 np pTi's 6 s declned somewhat
TO disturb the more bullsh feeling
The selling oonverged In United states
Steel. one block Of $500 shares being
disnosed OF. The price OF this stock
fell back nearly point, but a large
part Of the days gains elsewhere were
o,g F2ilowinE me many reports Of slack
mate Of the country's iron output in
AHsust showing a gain of $4,000
tons. was regarded as OF especial fav-
cradle import. Moreover the daily
producing capacity on September i
was. larger than the August average.
aside from this report the day was
without developments Of Importance
ne Hawley stocks made another
squirt which vas responsible for re-
NlNa! OF the report Of a pending alli-
tnce with Canadian railroads.
Bonds were firm, with speculative
interest centring in Intei.borouCh
metropolitan 2's and American 70.
ca oco issues Total sales par value
United States bonds were unchanged
.b Teal sales :oF Ii. day ,s:,soa
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