The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-08-30
MARKET is STRONG
ON EVE OF HOLIDAY
Impending Three-Day Rest Nat
urally Tends to Restrict
Trading.
BY BRoADAN wALL.

l
New York. August 2e-The New York
STOCK market closed strong to-day for n
.hree-oay holiday. Naturally the impond-
me mondays tended to restrict trading. An
parehtiy moro anxiety was expressed upon
the part Of the shorts to reduce their com.
mitments than desire OF the bulls to take
profits
and United States Steel common viii soil
ex the quarterly dividend. This is n decided
Of the mar rIr me re- trader on the short side
velopments both stocks will be relatively
cheaper over the interval.
From the Wall Street point ~ y,a,, ~
change occurred In the status Of the Me-
ican situation The opposition has apparent.
~ resolved Itself into diplomatic contro.
versy. with President Huerta retirinR n.
g gracefully as possible and Secretary BRYAN
ming In with Chautauqa lectures
Bankers here display no ainrn, o,.r ,,
outcome abroad. The subicct ia rto,ca, nc nc
u a. more orr, serious light. and foreign markets
arc uisposed to assume n waiting nttitudo
until the outcome of the Mexican loan has
oeen determined. Foreign prices for Inter
market. which resulted in sales for IonJnn
account OF somo $4,000 shares principaliv In
steel and copper. "
The general market maintains a ton, of
Irregular strength. Reading rose sharnlv n
iSSS., but lost the advance before the end
OF the day. Southern Pacific. selling ex
dividend. closed at parity with Thursdav.v
prices steel moved within a range OF :.
per cent. touching 657s on short coverinY
American Ice dropped 2hs points on tho mn
peasant announcement that an extension Of
the pant would be financed by a proposed
bond Issue. ~ drive was made at MIssomri
racine that carried the price below 40 and
New York Central lost point on small ofrcr
inga ny wornout investors. Tho conner 10.
sues were again corspicuously strong: Anal
sama,ed and Utah. as the leaders. closed
the metal continues. with sales shaJ.
above Ice. pound.
For time the Traction stocks were at
tractive with Interboroush Metrono,itan
preferred selling ga. Enthusiasm VA,
checked somewhat by promises OF further
dI,s. snou,d tho proposed policy of paying
EXPORTS OF wheat again made favorable
showing with shipments above :, 900 900 bush
els n total since July Of nearly 50 600 600
the period. io'
The cotton market decline was construed
as Il PUBLISH argument stocks.
irices Tor government bonds held firm
pository banks to secure these bonds MS col
lateral for deposits now in process OF dis.
tribution " VIC
Money rates were again Influenced by Of
i,eiln6s OF foreign banking houses. but no
Important changes were recorded In o,,oo
thuons Another $500 900 gold was taken for
canada making $500. 90 shipped across the
border this week. The drain from the sinh
treasury continues. over ;ie 900 900 havinr
been lost on this account since last Fridav
rms amount. however. has been somewhat
pnset ny direct shipments from Western
banks TO New York
Statements of railroad earnings for July
were unsatisfactory. Southern Railway lost
sSoV9o gross and $4,000 net. Erie had a
gain In gross OF $4,000 with a loss in net
or $4,000. Illinois Central gained Sls3 ooo n.t
AuEust has lived UP to It's record for add
VahcihS markets. The decided Improvement
In the demand for bonds and the Increased
return OF speculative interest in Industrial
and railroad stocks.