OCR Text |
Show DULLNESS AND IRREGULARITY FEATURE. SECURITY SESSION Volume of Business Is Smallest in Several Weeks, Sales Amounting to Only 775,000 Shares During Day. ; NEW TORK. Aug. 12. Dullness and irreg-J irreg-J ular price changes were the conspicuous fea-I fea-I lures of today's stock market. The volume I of business dwindled, beitif almost the smallest total of any full session in many -weeks, sulea amounting to only 7 To. UOO shares. I'nlike the previous day. the opening was havy, evidently as a din-ct consequence of pressure from the short interest, which centered cen-tered mainly in uteUs and the shares of re-lafed re-lafed groups. Thereafter the list rallied and reacted alternately, al-ternately, equipments, oils, and some of the food issues, as well as various unimportant .specialties helping to stabilize the market. Kails, tobaccos and sundry unclassified stocks moved contni rlly, but the tona at the close was firm and strong. Ihildwin Locomotive leading at a gain of n linos t seven points. There were no essential changes in fundamental fun-damental conditions touching upoii the stock market, call mon-v remaining comparatively easy, despite misgiving created by the Leay withdrawal of fed.-ral deposits. The industrial situation was more favorable. Additional eupital underwrites were reported, re-ported, lofluriinc the formation of a syndicate syndi-cate for the sale of the n-w t. S. Rubber common stock. Rumors dealing with new lor-eign lor-eign loans, with intimations of a French municipal mu-nicipal offering, were said to be premature. Incidentals, exchangf on Taris was hiithtly firmer, rates to other important centers also improving. Bonds were more steady than the stock list although liberty Is-ues yielded slightly and internationals were irregular. Total sales tpar value) were $11. 275,000. Old U. S. bonds were unchanged on ea 1J. |