Evening star. [volume] (Washington, D.C.) 1854-1972, 1898-10-04
FINANCE AND TRADE
Better Feeling Manifest on Stock
Exchange Today.
GOOD BUYING OF CHANGERS
tobacco Stock Followed Its
Usually Era &c Course Again.
GENERAL MARKET REPORT
Special Dispatch to The Evening star.

Special Dispatch to The Evening star
NEW YORK, October 4.-The early trad
Ing in todays stock market was chiucl
somewhat by the failure of TIE Trad,smsu's
National Bark 10 appear at the clearing
hoGse. This institution has been a ilnan-
ciaI suspect ana its failure to resume bust
reeS this morning was scarcely a surprise
In well Informed circles The loans OF Tho
band were soon discovered to BE OF a class
least likely to influence prices in Wall
stieet
As an offset TO tins announcement 81.
Pauls increase in earnings from the last
week in September proved unusually effect
i've. a gain of S1a2.si0 in weekly earnings
as compared with the same period one yeat
ago is decidedly gratifying. Conditions in
the wheat market are less favorable than
they were at that time. and the iucreas. Is
consequently in considerable degree due
10 an increase in the handling OF misCel-
laneous freight.
Such a report could have hut one effect,
and ii natural result is reflected by i'm
provement in the entire Granger group.
The volume of legitimate commission
business was extended and nearly all of the
bctter-managed issues We're advanced The
buying Of Northern Pacific common was
unusually good at times, large amounts of
stock being taken at the improved quota
LUIS 1 1t earnings OF thlS property are
sulhcicnt TO sustain interest I'm the market
price of the shares even To the extent of
syndicate buying. small dividend during
the winter should put the stock perman-
entity on the investment list.
Peoples Gas, Brooklyn Rapid Transit
and stocks over which eN-Gov. Flower eN-
ercises a financial Protectorate were taken
Up during the day and made 10 reflect the
change in speculative sentiment. This
group of stocks moves easily whenever the
larger interests are willing to make them
active.
Manhattan was beught for both accounts
under the influence OF further rumors rel
ative to an effort 10 shake Off the staclles
OF the last decade ard equip the road with
electricity. These rumors are interesting
only because the result they predic; is in
evitable. and must be forced upon the
manaaement as a means Of self-protcc;ion.
There is little likelihood. however Of any
Immediate steps IL that direction.
time will come whtn selling this stock
will be made eXpenSiva by sudden an
rouncement OF a definite intention % COM
pete on equal terms with the surface roads
In the intestinal department ArlcrICaa
Tobacco was again feature, I'm the ia
miliar irregular manner The price was
advanced FER cent from the opening ant
reacted for nearly all Of the gain. only TO
turn suddenly and restore opening figures.
The daily settlement Of the trade war was
announced for the benefit Of all concerned.
Those who are not concerned know that
this matter can be permanently adjusted
the moment the mystery surrounding the
contract loses its effectiveness as a stock
market device Less than half dozen in
dividuals contest the market position IF
these shares. and those who correctly guess
which OF the six will begin an indepeni mt
movement at the expense of the remaining
five are in the favored class who are cred
tied with successful trading in these shares.
American Sugar was moderately active
and only moderately steady the result
of conflicting rumors relative to lis out
look.