Evening star. [volume] (Washington, D.C.) 1854-1972, 1897-09-10
FINANCE AND TRADE
Gould Shares Were the Feature on
Today's Stock Market.
MANHATTAN GAINED SIX POINTS
London Has Begun to Buy Amer
can Securities Again.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK. September 10.-The declara-
ton of st. Paurs extra dividend had a
stimulating influence on the entire active
list this morning, and brought a few new
issues conspicuously to the front. Besides
its local influence. the effect on the foreign
investor is certain to be extremely benefi-
cial in the near future
The tardy realization of the fact that
prosperity has really taken substantial
shape in the United States will bring out
an increased volume of foreign investment
buying. The low rates of interest and divi-
bends abroad must sooner or later force
idle funds into a market where liberal re-
turns are secure
The hostility of the foreign press toward
American investments will shortly be fore
ed into ridicule, as it is no longer secret
that large shipments of stock to that side
are being arranged.
London bought q few stocks during the
day in the open market. but the largest
operators are said to have been privately
made.
The certainty of several Implications of
st. Paul's example Is relied upon to hold
the market well up TO its best record. The
advance recorded In Rock Island during
the day may be taken as conclusive evil
dence of determined effort to place that
stock in the per cent class There is
some opposition to this increase, however,
but it is doubtful If the arguments on that
side will prevail.
Burlington's earnings for the month of
August, while not officially due until the
end of the month, are said to show enor-
nous gains. The action of the stock to-
day, crossing st. Paul for time may be
taken as reflection of these future re-
ports.
New York Central was advanced TO a
lew high level under the influence of ex-
tremely good buying, inspired by the re-
Gently published statement and assurances
of an increased grain tonnage.
The Gould shares were the new features
of the market. Manhattan was advanced
from 1OI So to lib on the covering of short
contracts, and the somewhat improbable
rumors Of consolidation with a surface
line In no way needing such an alliance.
Western Union was in better demand As
the result of increased receipts and en-
couraging business prospects.
Missouri Pacific reported an increase of
S93,OW in earnings for the first week of the
month. but failed to profit by the showing
to the extent originally anticipated.
The high-priced shares were again I'm
good demand, Consolidated Gas advancing
per cent under confident buying.
The coal shares were somewhat improved
In tone. an advance in Jersey Central help
ing the entire list. Earnings In the group
. are not quite up to estimates however and
substantial addition to the demand are
essential to significant advances.
The industrials were slightly higher than
yesterday, but are still features of only
secondary importance. The character of
the days trading was fully equal to, IL
rot better, than any of its predecessors
The same legitimate arguments for i'm
provement prevail. and there is almost no
inducement to selling beyond the appear
ance OF large profits. The final tone re-
hecteG a degree of confidence not usual at
the conclusion of an active week.