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Show ACTIVITY AND STRENGTH ARE I FEATURES OF STOCK MARKET All Classes of Issues Share in General Advance Except Rails; Confidence as to Future Is Evinced During Day. NEW YORK. July '20. Moderate Hctivily and general strength were the striking features of the wt'L'k-eii'l session of the slock market. All . c!:i S'.'S of issue-; shnr-d in the advance es-o'Pt es-o'Pt rails, in wl ih Ira fling was largely ru- 1 atri'M'-d In hiH'-iriei''l crocks. OviTiiilit annniin.-eiiii-i t of the intention of the Slari'iar'l oil company f New Jersey to rU'ih!e ii s cap: In liz.'it inn ami of oilier fea Hires I'unnt'iM el w i ; li iha t vent nru ere accepted as inilieativeo f a feeling of eonfidniice in the lush-st financial and industrial circles. Kxirme gains in nmlnrs and affiliated spe-'iallics, spe-'iallics, vils, -equipments and food shares ranced f mm '2 to 4 points, a few secondary miscel-lanemis miscel-lanemis issues rising 3 to almost 7 points. Shippings were i mniciila t ely responsive to news of the se t lenient of I he marine strike, and a bela tod advance in metals coincided with st i 11 hig!nr qui.' ta t inns for f at nru deliveries of refned .copper. He versa Is of 1 lo 2 points during the first linur were speedily overcome, mainly as a result re-sult of the heavy absorption of I'nited States Steel, which was taken in large individual lots up to 1 13 , approxinint ing t he week's best. Other lenders closed within fractions of the day's maximum quota (ions. Sales amounted to 5;So.OUO shares. 'J' he bank statement presented several interesting inter-esting features In the contraction of nctual loans and discounts by $;i7.0i)(J,0i)(, a decrease of slightly more than SI 0,1. (.00. 000 in net demand de-mand deposits and a nominal increase of excess reserves. Bonds were irregular. Liberty issues holdiui; steady on light dealings. Total sales tpar value val-ue I aggregated $a.3o0.000. Old Tinted Slates bonds were unchanged on en!! during the week. The movement on the stock eehatice this week lost some of i's recent momentum and price changes were frequently irregular under pressure, although steady to firm in the popular leaders. I Reduction of operations was attributed to the j customary midsummer apathy. Among international banking interests n more j hopeful feeling was created by the passm? of j the crisis in foreign exchange, although rates on London and he principal continental Kumpean centers are considered suffieletly unfavorable to menace this country's overseas trade. In the many developments of the week little attention was paid to advices from Wash ing ton ' which accompanied the new high record of ox-: ox-: ports for the last fiscal year. According to of-i of-i f icial com pi la tons, exports exceed any previous year by more than $7,000. fiOO.OiiO. ! One of tn most significant events since Ihe ! signing of the armistice was contained in the announcement by the Standard Oil company of ; New Jersey of the doubling ot its capital, prl- j marly for the enlargement of its export busi-i busi-i nes. |
