Evening star. [volume] (Washington, D.C.) 1854-1972, 1897-09-15
FINANCE AND TRADE
Gas Stocks Took a Boom on Wall
Street Today.
FEVER HURTS SOUTHERN ROADS
Substantial Advances Gained Dur
ing First Half of Session.
GENERAL MARKET REPORTS
reciai Dispatch to The Evening star.

Special Dispatch to The Evening star.
NEW YORK, September 15.-An increas-
ed volume of commission business and
aggressive buying of the specialties re-
suited in substantial advances in prices
during first half Of today's speculative ses-
sion.
London cables reflect led moderate frac-
t.onai gains IN nearly every stock ex-
cept Nashville, but arbitrage houses sold
more than they bought.
The yellow fever situation was prac-
tically alone in its opposition to a general
advance in all departments.
The stocks of the reads operating in the
Quarantined districts reflected the adverse
conditions largely in a decreased volume of
business and not in significantly lower
prices.
The reports of earnings were fully In tc
expectations, and every factor based on
improving business prospects was I'm har-
mony with the improved prices. New York
central, Tor example reports for the quar-
ter ending September 10 a surplus after
charges of $a19,ODO against $4,000 for the
same period last year..
Pennsylvania's improved business was re-
nected by the confident buying of rouna
amounts at an equivalent of 49,
northwestern and Omaha made new rec
ordS solely because of increased dividend
prospects, based on actual Improvement il:
traffic receipts.
Union Pacific was advanced steadily I'M
der continued good buying. inspired by the
prospects of an early foreclosure sale. with
the full consent of the government.
While the governments acceptance of the
reorganization offer has not been officially
made. assurances of such action in the
customary deliberate manner are suffi-
GENTLY positive to warrant the present
movement in the stock. The same reason
ing may also be applied to Northern Pacific
issues, because the discriminating duty
against Canadian freight is considered rea-
scnably certain tc find administ ration sum-
port.
In point of gain for the day Consolidated
Gas was again the feature of the market
Opening at Do, advance of per cent
from the closing hid price, the advance
proceeded rninterruptedly for 10 points.
The orisi-cl mirating point has been
successive advanced. and friends of the
property predict further substantial addi-
tons to the price.
Chicago Gas attracted considerable at
tention by reason of sharp rise of more
than two per cent. resulting from the COW
ering OF short contracts and the probable
early issuing Of the new certificates. The
industrial group as a class was strong.
with the exception of Tennessee Coal and
Iron.
Missouri. Kansas ard Texas securities
were IN better demand, notwithstanding
the fact that yellow fever is likely to inter-
fere with its Texas traffic. The general
impression seems to be that business might
be delayed b. a further scare bit that no
business will be actually lost on that ac-
count.
Prices continued to be advanced I'm Sc
ries, and for this reason the tagging Of the
coal shares is particularly pronounced
general settlement of the strike is relied
upon. however, to bring these properties
to the front as recognized leaders.
The foreign exchange market and foreign:
cables both indicate inward movement.
of gold in the near future. This movement
would undoubtedly increase materially the
present preponderaEce of optimism.