Evening star. [volume] (Washington, D.C.) 1854-1972, 1899-09-06
Tennessee Coal and Iron Very Active
and irregular.
STOCKS STRONGER As 4 RULE
Advance in Colorado Fuel and
Granger Shares.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK. September Gin the Lon
don stock market today American railway
securities opened steady to strong. with in
dications of doing better Louisville and
Nashville buoyant. while st. Paul
and the Union Pacific issues were strong
the latter's strength being attributable to
excellent buying. The only new feature
developed In the Transvaal situation
seemed to be that a cabinet meeting has
been called for next Friday. which was
taken to indicate that nothing serious will
take place in the meantime. and accounts
for the better feeling in the market there
The local stock market opened strong
with total lack of interest in the con-
tinued conflicting advces as to the Trans
vaal situation.
Tennessee Coal and Iron opened up two
points from yesterdays closing figures. on
large transactions, and with violent fiuc-
tuations gained ~ points more, to ll7h.
and then. on realizations, broke 81. points.
The rapid advance after the opening led
a good many observers to think that pos
sibly an incipient corner had been de-
veioped in the stock. as this specially is
very closely held-the amount of floating
stock. 1t is reported. only being about 40
eCo shares
However this may be. the shorts in the
stock are very likely to remember today's
fluctuations and perhaps resolve never
again to sell that which they never owned
Colorado Fuel was another very strong
speciality in the early market, rallying
sharply over points on covering OF short
contracts, but lost half of its advance on
realizing sales.
In the local traction stocks Brooklyn
Rapid Transit and Metropolitan Traction.
together with Manhattan Elevated, rose
over a point. Sugar while trifie higher
was very inactive.
The granger stocks acted better than
they have for some time-the ST. Paul re-
common, and the large increases in gross
returns for August on all the granger
roads are likely to help not only this group
of securities, but the general market as
well.
The local money market situation seems
to be easier-there Is some money going To
the west. but the amounts are not large
and with the good. supply of funds he.
outside of the banks the situation seems to
be well in hand.
Colorado Fuel strengthened up again in
the afternoon market, and IS is talked OF
for the stock on this advance.
Sugar displayed more activity and
strength on the announcement of the reg
ular dividends on the common and pre-
ferred shares: These dividends pay
able October 4 Books close September IL
and reopen October 8.
Atchison directors at their regular meet
ing today declared per cent dividend on
tho adjustment mortgage bonds, payable
November l.
Southern Pacific earnings for June show
net increase Of e721, TO The stock started
up again on this announcement. and ii now
looks a. II the recent setback in this spe-
cialty had about run it's course. The buy
ing was said to be for the bun pool in the
stock.
The weakness developed in Brooklyn
Rapid Transit in the late dealings was
caused, It 10 said, by insiders trying to
market some of the stock bought on the
break some time ago
Tennessee Coal and Iron eased off some.
On the report that private settlement will
be arranged with the shorts in that stock.
Later on account of a smaller demand for
stocks, prices sagged off some, but the
general market still showed a good. strong
Cndertone. Government bonds were I'M
changed and railroad bonds strong.
Consols, in London market, declined LILO
for money and 1-S for account.