Evening star. [volume] (Washington, D.C.) 1854-1972, 1899-09-13
Marked Improvement in Tone of
Stock Markets Today.
BOTH IN LONDON and new YORK
Due to improved Political Outlook
and Easier Money.
GENERAL MARKET REPORTS
Special Dispatch TO The Evening Star.


NEW YORK. September l3-Security
markets in London this morning were gen
orally buoyant, owing to a more favorable
political outlook. easier money and reports
to the effect that the Transvaal situation
presents much clearer solution. Advances
In American shares were general and aver
the improvement was much as "a The
feeling there was distinctly better
In the local stock market there was n
continuation of the rally. noticeable at the
close yesterday, which was helped by high
er London quotations and an almost entire
absence of liquidating sales. which marked
the decline yesterday. The huying, how.
ever, was said to be largely professional in
character. Tennessee Coal and Iron showed
an advance of per cent at tho opening,
and rallied pa points further before react,
ing about points. Union Pacific preferred
opened up X point; International Paper
stock showed per cent advance over yes
terdays close, and American Tobacco was
up N per cent. Sugar and Peoples Gas
were fractionally higher
brooklyn Rapid Transit was the only
stock to show any pressure to sell. the
ing off points.
While commisson-house business was
light. traders generally were buyers to
cover shorts put out yesterday and the
after the initial dealings was somewhat
uncertain, and in consequence the general
railway list showed a dropping tendency
after the first hour Of business.
Toward noon pretty well defined rumor
was published in the street that the Secre-
tary of the Treasury would anticipate Oc-
tober interest on government bonds This
action, IL taken. would put about $4,000 900
In circulation. but these payments would be
so widely scattered over the country that
its effect would not be felt to any extent
In the New York money market The an
nouncement, however. led to q rally in the
market and better feeling among trad
ers, who argued that 1t showed a DISPOSE
ton on the part Of the government to re-
lieve the money market. and that this step
might lead to further action II necessary.
1t was also stated by some International
brokers that if definite understanding has
really been reached In England with regard
to the Transvaal matter a most important
bar to the expectation of gold from that
center to this country will have been re-
moved
Money is still being sent to the interior
in fair volume. but this is more than Offset
by the recent heavy liquidation OF the past
few days and the consequent improvement
in the position of the banks.
The afternoon market wore much bet
ter appearance than that OF the forenoon,
and the uncertainty then prevalent gave
place to a more hopeful feeling In general,
and this more confident feeling was aug
mented by a reduction of u cent In the
rates for sterling exchange. Shorts 1t was
noticed. were becoming nervous and in
some stocks beginning to run to cover
Western Union Telegraph Company di.
rectors declared the regular quarterly dIvi-
dend OF IA per cent. payable October 16.
Northern Pacific meeting. which was to
have been held today has been postponed a
week on account of the absence of Presi-
dent Mellen and others.