OCR Text |
Show fcfiffiT failflfllKT JB Well Founded. IfLiK IX AMERICAN IpaBLlKff IS MARKED" M.ir6 Metal and Industrial Group Affected by Its K' Weakness. BlrrnRK Sept. 3Selliug of stocks PSu holders today was in-H?ae in-H?ae perception that some of the Ki;, on wWch they had ac' were not well founded. The u feature was Amoncan fE; which broke badly in cou-UUmW cou-UUmW rf lu f weakness, of yesterday. Vv tnid seven points lower than Kfe ffst pricesL The contrao-v. contrao-v. vear's earnings disclosed In Bl report was supplemented by 5 bv the small holdings in UmMV. of the present management WfXed at the meeting yester-rt yester-rt action was taken at that kr toward placing on the board ffis oftho Standard Oil ln-KcUier ln-KcUier hoped-for source of Ks vlthdravm from the stock. Kns found credence that the try in the stock to high-price Thatl been made the occasion reductions of these holdings mMMMfl of inside interests rather Ktn increase. The prominent KU w American Smelting In the EdreruVd Lawson campaign B example Influential in raising Ktftlmilar conditions to be met Kfittdud industrial groups were .Btodv affected in sympathy and K.MKness was aggravated by rti--Ktfsrtsnire to place copper metal K g! tbe larger producors a,t con-mWKd. con-mWKd. The largo producers make a Ertf their selling prices so far as Ei Eabllc knowledge is concerned, tiYu rspirts of quotations from their Btfu'rcdc-s is obtainable. Aosrfcan Smelting episode un-KUr un-KUr had an influence in this sug-tHEt sug-tHEt (bit manv things had been jHTftf jmited as to the progress KtttVtmtnt by those who had been K&h; on the long side of stocks. aKeidr net earnings reports of rail-IKit rail-IKit nctaj to hand and those of gross JCr for tb latter weeks of August SjK&t i t'.inder foundation for the Ei (Hulac estimates of tho rate of ErsraaL The samo Is true of the LEa tram the iron and steel trade, ZHRt & revival Is going on steadily. IKt JilUdlv slow. On the side of It is realized that some re-Hiilw re-Hiilw el the most hopeful estimates SHut side, although contentment .Bte ti iul promise is still the rule. iMtaiJ.H!.o h&s been sufficient, how-itimm:, how-itimm:, u cgut ft phase in stock specu-ftBHklko specu-ftBHklko Utt) or. earlier stimulants. This tiiL mfttnffi trai reinforced by the signs U i 'isajbej In the com market over iL & njerU tt light frosts. Prospects for M ,waK ruttst brought corresponding M iyrt3sw cl re2if in that market. Redact: Re-dact: of tii Importance of deferred ' frtd .Inrtl 1 edifactorj- outcome of tho ',nT y cr? are Into tho speculative cal-'.- ctaaae c dcarlv. J& Vjtete by foreign arbitrage torn, rtils not large In proportion, ' TW ttMtIacomo from German sources I Si totalling motive was said to be rS !5a OTer the renewal of the Mo-imBP?3105- Conditions in the monev i J? eis5? markets were little 32?! Discounts eas1 in Condon in WPJ1 withdrawals of gold from SalEvSr tnSlnnd for export. The AllKL, ?nc T.etuni was weaker and SL!'lncJu Berlin. The heavy LEKTkJ P,itd,ns anthracite tonnage ytmL3$ ""d with Inst year, was yM?15 l that stock. sMiJeJphono anu Telegraph ftad 8,wcre .active and strong. mmtiriH was Irregular. . P ir value. ?G.tJ5G,000. i'W4 bWu bnds were unchanged , Mt Kew York Bonds. 58 "K.1031 Hock Val 4Js 104 JIoa. ..104 IntMet 41s ns K0 ao 1st Inc 17 -oiiK'iViH.i "v10 do ?nds . col -?:Rt: S ?. c sen 3s . PIE -Lva" S3 friVlill 55,P 5f C"la 55.102 llfeT Statement. goui , c0,lBb,c ah bal- |