Evening star. [volume] (Washington, D.C.) 1854-1972, 1899-10-18
Good Demand for High Glass Invest
ment Shares
Was DUE TO DIVIDEND RUMORS
low-Priced Stocks Were as a Rule
Neglected.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch TO The Evening Star
NEW YORK October 1s.-The stock mar
ket responded easily this morning 10
more confident demand for the high-priced
Investment issues. Early in the day tho
Vanderbilt shares under the leadership OF
the Northwestern, became unusually
strong and advanced from j to per cont
under buying said to be for inside inter
ests New York Central followed the ad-
vance and later St Paul was taken up
under a good demand and some covering
OF an outstanding short interest
Rumors Of an Increase in the present rate
or dividend was tho motive for the new
demand. According 10 the room. Northwest
viii be advanced In the dividend list to he
followed by New York Central and later by
St. Paul. The matter OF dividends on tbosa
properties is simply question of policy,
all or them being abundantly able TO ad-
vance the present rate should the policy OF
such action meet with the approval OF the
directory.
\ second group which attracted especial
attention was the anthracite coal shares,
Lackawanna leading the movement These
shares are among the more likely special
ties of amy great undertakings in the long
account.
The low-priced railway issues we're not
conspicuous in tOday's movement. many OF
such stocks being neglected during the
moro buoyant periods in the frst-class in
vestment properties. This fact is important
only because Of the popular belief that the
low priced common stocks had been most
freely sold for the decline.
The Traction stocks were advanced I'M
der covering and q moderate buying for n
turn on the part Of the room. Manhattan
led the movement and Brooklyn Rapid
Transit early weakness became steady and
regained it's loss
The last-named stock was opened under
pressure showing very clearly an effort to
force 1t into a weak position in order to
unsettle the general market and facilitate
covering.
American Sugar was advanced 3 per cent
under a mixed demand, in which inside
buying was a feature. Evidences Of a con-
servatiVe accumulation have been seen I'M
this stock for some time past
The Pullman meeting tomorrow Is likely
TO be followed by important DEVELOPMENTS
In the stock OF that company. Rurnors Of
Tered In explanation of the recent % per
cent advance invariably predict a CONSOLE
datlon with the Wagner company. the only
rival OF serious concern to the western
company. In the present activity OF Van
derbiIt interests q trade for its palace car
company is quite pro hable.
The liquidation in the industrial shares
was halted Very decidedly today bv rensou
OF the strength elsewhere. The operator
most concerned in depressing prices in the
industrial department was less confident
or his attitude than yesterday, when re-
sistance was net offered except al the low
level
Money was in good supply, and senti-
ment was changed for the better by pre-
dlctions that the banks might gain cash
this week, or certainly next week from
perfectly natural causes. If London's a2-
prehensiOn over the Transvaal war does
not extend TO a willingness 10 BUY gold
as a commodity in this market 1T is prob
able that the money market win remain
in the background for time as a market
influence.