Evening star. [volume] (Washington, D.C.) 1854-1972, 1899-09-19
FINANCE AND TRADE
Better Feeling in the New York
Stock Market.
DUE, MAINLY, TO BEAR COVERINGS
Another Selling Movement Ex-~
pected in the Near Future.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star
NEW YORK. September 19-In the Lon
don securities markets this morning.
American shares We're the leaders In the
better feeling prevalent there. on rumor
that the Transvaal government had handed
a coneiliatory note to the British agent in
South Africa Advances of from a to q
took place in Yankees. 1t was also report-
ed that strong interests there and on this
side OF the water were buying standard
American rails.
In the local stock market the rally in pro-
gross yesterday continued. and there was
buying by London. in a moderate way,
and also some purchases for commission
houses. Very little liquidation was notice
able in the early trading. although the
bears seemed disposed to sell the market
here and there.
The feeling while better than that of
yesterday. was not extremely bullish. and,
though prices We're advanced considerably
above the lowest of Mondays speculation
there We're good many ups-and-dOwns In
the early trading. and the PRINCIPAL buyinr
seemed TO be for the purpose of covering
short contracts.
Money. however, was easier and 1t Is
possible that the rates may be kept within
reasonable bounds the balance Of this week,
IN "hlch case ii would not be surprising To
see the larger bear operators advance prices
a little more in order TO get a higher Invai
on "hlch TO renew their selling movement.
Inc market on the whole, however is like
ly TO be unsettled and perhaps less aCtive
for the next few days.
Brooklyn Rapid Transit moved erratical-
~ curing tine first hour-it opened IN ~
rose point further, broke and then re-
covered nearly all the loss. MetropoIitan
traction rose 81, broke Ii and then
rallied 81 N ''tei
Peoples Gas was one of the weakes, sna-
tiaiues, caused by reports from Chicago
that the tax assessment upon II had been
raised TO $lo,rp.op0, an increase of s. 5a5.-
coo. - N'-''
Tennessee Coal and Iron was n s+ro,s
feature in the iron group of sI,ecialties'
the opening showing an advance of poirrts
over last nights close, and it rallied further
10 IL, showing q gain of over points from
opening before the noon hour
me general railway list, after early
ieNerishhess, reached higher levels than
last evening. Governments We're unchanp-
ed and railroad bonds We're firm
In the afternoon trading prices were hid
up Sharply before the delivery hour by sou.
OF me larger traders, which caused consid-
erabie covering by the light-waisted bears
The most conspicuous advances in the
afternoon rally were made in the stocks
"hlch were weakest in yesterdays suecuIa-
eion, Which would tend to prove that the
average bear trader had oversold his posi-
tion on the market. The sluggishness on
the other hand, noticeable in some of the
STANDARD stocks would seem to indicate that
~ -NotiiiS TESTS III inc street
yet ready for a strong bull market and as
before stated. it is more than likely that
the larger bears will attack the market
again as soon the level of prices is add
vanced enough to suit them.
Commission houses generally reported
very little outside buying Delaware
I-acKawanna and Western was the strong
feature in the late trading. The only news
on 1t was that there was no stock for sale
IN the street and strong operators, knowing
this, bid up the price. The same parties ad-
Vanced Jersey Central In like manner.