OCR Text |
Show STOCK MARKET EXTREMELY ACTIVE, BROAD AMD STRONG United States Steel Poises' 4 Points to 103 7-8, and Independent Industries Follow in the Wake. NKTV YORK, Sept. 3 The unfavorable 1 crop conditions disclosed liy yoaterrlny'a government report were witliotit: effeet upon todav's extremely arrive, broad and very PtroMR m;irket, cxcejit In so far as lliey had ji tendency to clinrk any movement move-ment In grangers anrf northwesiern Issues. Is-sues. Shares of enFtern roads, as well aa Pacifies Pa-cifies and trunk lines, were strong. Far more significance was attached to ; the movement In liiited States Steel, which rose 4 points to the. new rncord of loins- This was prior to the publication of Auftust tonnase incrense. Sliipping Issues also ahsorled considerable consid-erable specula I ive at ten lion, mercantile marines coming within esisy dlstunce of their recent high records at gains of 1 to 'J point s. Independent, industrials followed fn the wak of Steel gains in Republic, Lackawanna Lacka-wanna and Crucible steels, ranging from 2 to almost 6 points. Copper and zhv shares were in keen demand. Kenne.ott featuring the former group at an extreme gain of 2. with ?. to 5 for American Zinc common and preferred. Paper shares also augmented recent advances ad-vances by 2 to 5 points, International Paper Pa-per common. Union Bag & Paper preferred pre-ferred and American Writing Paper preferred pre-ferred displaying marked strength. Total sales of Hto. k, 690.000 shares. The noteworthy feature of the weekly bank statement was the decrease of $26,-000.000 $26,-000.000 In actual reserves, making a total contra ction of almost $56,000,000 for the past fortnight. Bonds were steady on limited dealings; total sales 'par value), $1, ISO, 000. United States bonds were unchanged on call during the week. |