Evening star. [volume] (Washington, D.C.) 1854-1972, 1891-09-19
IN WALL STREET TO-DAY.
Fluctuations in the Stock Market, Which
Closes Strong.

NEW York, Sept 19.-The activity in the
stock market continued undiminished this
morning, and the strength was still equal to
that of any day of the week First prices were
generally fractionally higher than last evening
prices while at 80 Burlington was UP tx per
cent TWAS natural that after such rise there
should be some reaction and Burlington went
back a fraction in the early dealings. followed
by st. Paul. Northern Pacific preferred, Atchi-
son and a few others The urgency Of the de-
mand for stocks, however. soon made itself felt
and the entire list moved upward and frac-
tlonal advances on the opening figures were
scored in almost everything traded in. The
only special movements of note, however, were
the drop Of per cent in distillers to 40 and its
rapid recovery and the rise of in Chicago and
E. Illinois preferred to 1907 with q Ike
gain in sugar on large transactions. St.
p, N. Pacific preferred and Burling-
ton we're the specially active stocks
this morning, but the entire list was active and
shared in the upward movement. There was
no change in the temper of the marke. and at
II o'clock it was still very active and strong at
the best prices for most of the list. but Reading,
which had been a weak point, was per cent
lower at 4194.
Money on call has been easy with no loans
and closing offered Mt 81. Prime mercantile
paper is in little better demand and rates
are shade easier. sixty to ninety days in
dorsed bills receivable being quoted Mt 81 3a58l
four months ncceptances at G = and good single
names, with from four to six months to rum
at CAT.
Sterling exchange is quiet and steady with
actual business IN bankers bills at 4S03t for
sixty days and 4s31f for demand. Posted rates,
4SlIaa4S4. Commercial bills. 4S0a4S25i. The
official report Of the Mercantile Safe Deposit
Company to the stock exchange shows: Silver
bullion on hand. 4224. $40 ounces; deposited
none; withdrawn. 105.3l5 ounces: certificates
outstanding. 4,223. Government bonds have
m afafa do
lected.
The stock market generally reacted slightly
after IL o'clock. but there was no movement OF
Importance anywhere in the list, and toward
the end OF the hour the upward move
prices Of the day were generally
reached toward the close. The bank state
ment showed only small loss in reserves and
was considered rather favorable than other
wise, and the final dealings were stronger in
consequence. The market finally closed very
active and decidedly strong at tho best prices
OF the day. Bar silver, 965s.
REVIEW OF THE MARKET.
Henry Clews, in his weekly Financial Re-
view," issued today, says:
with so many elements in favor Of the New
York market and SO few, or virtually none,
against 1t, it must be admitted that the pros
pect OF making any adverse impression on cur
rent prices is not very encouraging to the
oe"i o anu thonc VIM iiiuv DC temporarily WORK
ing in line with them and it would not be sur
prising should those who are waiting for a
downward turn in prices have to wait until
some further advance has been made
But 1t is doubtful whether at the moment
this probability is clear enough to warrant
buying. noteworthy feature of the market
is its broadening character, stocks which have
been long neglected now springing into activity.
In part this is due to the development of the
speculative spirit and in part to the improved
financial condition Of the various roads. The
trunk lines are all reporting large gainsin earn
ings. and this explains the rise in the Wander
bilts and connecting properties, which has been
one of the healthiest features OF the market
The movement in Atchison also had its
foundation in increased earnings. In
Reading the sudden activity was due to
disbanding of the pool. which locked up some
1901 600 shares and SO discouraged all specula-
tive dealings. An advance in coal. and the APP
proach OF . more active demand for the arfi-
Gle, also stiffened the coal properties. Several
Of the specialties, such as Chesapeake and Ohio,
Ontario and Western and Kansas and Texas,
are growing more active. all of which indicates
broadet and active market during the fall
months"