Show COMMERCIAL AND FINANCIAL WORLD C Was Outside e Demand for Stocks ks on Wall all Street I IMADE MADE tADE MARKET ACTIVE IN THE LAST T HOUR HOWEVER HO VER PRICES PR WENT DOWN 4 New York Axis Aug Au K The stock market bad had a more thorough teat test today than at any time since the rise rille in prices set In to InThe InThe I The result was not altogether conclusive The outside demand for stocks was waa con considerably considerably 1 d augmented u as was expected i rn A sustained advance 1 for or two weeks w wan and an evident growth of ot interest and in increased Increased I creased tendency to buy stocks locks may al always 1 ways be depended on to produce this re iv result result sult suit squally a matter of course coarse Is the tendency oC or the professional prot traders who have been accumulating stocks and care carefully carefully carefully fully nursing the market during the rise I to Include their holdings on this outside buying so as to make sure of or a portion of their profits 1 This Thia process was very obviously going on during the first hour of the market today which was the most active of the day Some recession In prices resulted but realizing the market very well on the and Ed EdOle whole no Ole serious took ou the In Inroads i roads were made upon prices price Afterwards there were new advances here and the rest of the market gave the generally of being still in the control of the bulls Buying Bu ing demand however I became languid and then than almost aimo t torpid and the market proved easily vulnerable i to attack by the professional r I bears In Inthe I Ithe ige igeal al I the last hour O prices c were quite e generally ral I below Saturdays y level A substantial rally followed f but this is again proved J somewhat so short lived and the closing was irregular and and quite active with specula speculative tire live sentiment manifestly much unset I tied There were wera various favorable factors which aided sided the bulls in opening prices I higher The failure of the steel workers in South S t Chicago to strike and d the reports I fe mI mId r of an intended conciliatory attempt a by bythe b the strikers themselves at Nt a settlement I affected not only the steel stocks tocks but the whole market The rise riS of o I t U S 5 Steel In Inthe Inthe Inthe I the final dealings of 11 1 over 0 1 Saturday was wa effective in checking the raid o of 01 Ute the hears bears bt London l dOh led off with good buying bu Ing of Americans after Its Ita Saturday holiday Rumors 18 were ware rife rite of coming corning definite an announcement announcement of plans growing out of the Northern Pacific settlement The ap approaching approaching September advance in the price I of anthracite helped the oaler and the I Eries Kries were also affected by the reported acquisition of the Cincinnati Hamilton I Dayton The reaction il was due to the apprehension p that money was destined to work closer from this time on It was feared also aleo that the large interest t who have been fostering the rising has taken this opportunity to realize on Saturday and this morning and would retire et from the market k tor until r at the autumn demands r r for tor money are lire satisfied I ondon n has i grown gr wn optimistic C and expects exp eay eary ea money mon y i through the fail but hut the expectation tr la Is based balled In hi the hope bope that New York will not ot t td draw d w gold and take no action on the ru rumored mored Russian loan at Paris Parts I Railroad bonds showed a considerable increase In activity Gains were some somewhat somewhat somewhat what affected by the late reaction in storks stock Total sales salE I I States new 45 advanced i 1 l per cent on the last call J |