Show BIG SHAKE DOWN DOWNIN IN WALL STREET Leaders in the the Advance Movement Move Movement ment Pause a Moment and Pinch Followers F THEN PRICES GO UPWARD CURRENT C NEWS OF THE HE DAY CUT NO FIGURE New York Aug 12 The backers of ot the active operations in the stock market were too much occupied today with their vari various various ous devices of or leadership and manipulation tion to pay pa much attention to the news of ot the day dao The rhe news indeed offered no radical change in conditions Information mation matton has been procurable for tor several days clays past accurately outlining the sub substance stance stanco of ot Mr Bryans acceptance of ot the Democratic nomination and its publication publication tion about 2 supplied no material for surprise Two items of the days das news happened to conjoin to affect un unfavorably unfavorably favorably two h o groups of securities which have hae been most conspicuous in the speculation speculation lation In tr the last few teV days das and this served to o emphasize the thedr drop l of the first hour hourin in values There was a reaction in the price of ot at the New York metal exchange t advances of ot a traction fraction at a alime time lime for many man days past Copper war I Tants in London also aillo were lowered This r added a to the feverishness of or shares ol ot connected with the industry have been heen In a highly nervous state slate anyhow ever since the sensational hinge developed in the Boston speculative campaign in which they are included The decline in the price of ot silver to a level lower than has been touched in five years past llast Is nn an incidental Influence on the group of mining and metal stocks as a whole American Smelting Amalgamated Cop Copper per Iler and National Lead were violently af affected aff f by b the early break in prices to today today day The subsequent action of the mar market market ket was such lIuch as to convince the follow followers ers of ot that a shakedown under careful control was designed by bythe b the reaction of yesterday and the early arly period of ot today This led to the strong strom rebounds The effect of at such reactions in strengthening the technical position of the market Is easily understood and it itis itIs is for this reason that skillful leaders of movements for a R rise connive at such movements at Intervals re rc reduced their own holdings on the ad advances adl l vances Some of at the most conspicuous buying today came from the same brok brokers ers rs that sold most largely yesterday Tho reaction was regarded as affording a test of or the market and when the upward move movement movement ment was resumed speculative sp opinion was reassured The dimensions of the market wore w re smaller than of late Inte This was wag partly due to a large diversion of speculative interest to the cotton market The enormous effected In that market was was ascribed in large part to Wall Wallstreet all street interests and there was heard th assumption that the resources thus re TC released leased were being transferred Into slopes st Bonds were irregular Total sales par value alu States State registered r advanced U V per cent on cull call Stock Quotations SalES Lo Close mal Copper A Car 8 Jd m k iI Am Cot OO fI 3 Am H L pfd m mAm Am Ice Secs 1 5 O 31 In Linseed roo 12 1 Am i 59 57 59 10 Am S REt I 98 Preferred JOSh JOS 8 Am Suar Ref Am Tob pfd 93 93 Am Woolen 00 6 6 6 Ana Min Co on Si I 95 9 t Coast r 00 93 92 92 Bait Ohio 6 9 94 94 81 Brooklyn R T Pacific Ii Ii Central Leather WJ 29 Pret erred I of J i Ches 43 43 Chi Gt West i 6 Chi N W 1300 1112 Chi 1 St P c c C SI L 00 58 58 58 Cola Fuel 1 6 5 36 Colo South foo 33 I 33 3 1st preferred 61 6 preferred OI il 8 53 Cons Gas J Corn 1400 O O ODeL DeL Hudson I Ii Denver R G JOO 27 Preferred 66 Secs 34 37 37 Erie t 23 preferred 00 39 39 39 d preferred oo 9 Electric I Gt North rn pfd 1100 at X Ore rn 1200 Int li l 12 4 36 Int Paper 11 11 1016 57 Int Pump 4 Wn Central 17 17 K C South 5 Louis 1116 09 St I 31 30 Ii lInn St P S I Ste Marte Pacific 58 1 K T 1000 n 1 3 i Preferred 1100 Lead 8 85 Sf e York Cent IOS N Y Onto W 43 4 43 Norfolk W 00 75 74 North American jt tH 13 Northern Pacific Pacific Mall ti Pennsylvania 1 Peoples Gas 6 96 P C C S1 L P Steel Car S O 35 3 35 Pull Pal Ry Steel Spring H 07 OC 1281 26 Republic Steel t 23 4 Preferred O SH 79 Rock Island Co 1100 4 IS IS 36 35 36 St L San F 00 18 S h St L S W 00 Ii li 17 Preferred OO 10 S L 64 64 Southern ll Southern 20 20 Preferred 50 50 Tenn Copper Q to 39 9 lexa Pac t Tal St L W 7 26 Union Pacific 1175 1 8 83 i iU U S Rubber Ib 4 lilt preferred roo U S Steel oo m 46 Preferred OO 1107 Utah Copper 45 4 1 44 z Chemical 1000 9 19 Ys Preferred 00 1078 O Wabash 13 13 00 28 21 Elec 2600 73 f estern Union 57 Wheel L E 30 10 10 9 Wis Central 23 2 Total tor the da shares i I |