Show BETTER FEELING I IN WALL STREET 1 Market Broadened on Receipt of o Peace News I BANKERS ARE FIGURING BOTH RUSSIA AND J JAPAN PAN WILL NEED MONEY New New York Aug those who expected a tremendous manifestation of bullish to follow the peace news from the course of stock market must have been somewhat disappointing ug To ro Tobe robe be sure the early announcement brought an upward move In which the I greater part of the list participated but this movement was not well sus tamed being followed by periods of dullness and some Opera Oper Operations broadened later and the m mo momentous event was 1 with by the banking Interests relief being expressed at elimina elimination tion or of a very disturbing factor The Th e attention of these same banking In interests I ten will now doubtless be en engaged ga ged In figuring upon the peace loans which it Is generally assumed both Russia I and nd Ja Japan all will find It convenient to negotiate Preliminaries to this end have been In progress for several weeks hero here and abroad and while definite details as to the extent of the proposed loans are yet unobtainable It is strongly Intimated intimate that American n bankers will play an important p part partin In what promises to be the greatest financial game of recent years ears The conspicuous feature at the open openIng openIng Ing here was Canadian Pacific which advanced advance l to a new high credited to buying of foreign Inter Interests eats ests There was a renewal of recent pressure on Reading and some of the theother theother other moved in sympathy but I later recovered Amalgamated Cop Cap Capper I per was strong with another advance In the of metal Of the other Standard issues Union Pacific which was sold of 2 per cent was strong Although the news from Portsmouth became known soon after noon re reports re reports ports discrediting It were current and it not until an hour later that I Ithe tile the traders seemed to grasp its sig significance significance Much lIuch of the buying that then set in came from shorts Fea Features Features tures of strength were the United States shares Pennsylvania Reading Southern Pacific and Chicago London restricted its trading in this market because ot of settlement operations but buSt bought on the peace announcement A new theory feature was the strength of AmerIcans on the London curb fol following following lowing the closing of the regular mar market market ket there here A reflection of existing mercantile condItions was vas found In Inthe Inthe the semiannual statement of the A Merchants company compau which operates a number of dry goods stores iii this and adjacent cities Its sur surplus surplus plus for the perl period d shows an Increase of Another heavy transfer of cash to Chicago was reported today making a total of shipped during the month The closing was strong the highest prices of the day being shown The bond market advanced In sympathy with the rise In the JapaneSe govern government meat ment bonds Total sales par value United States bonds were all un unchanged Unchanged changed on call |