Evening star. [volume] (Washington, D.C.) 1854-1972, 1900-10-19
Good Demand for All the Dividend
Paying Stocks.
ADVANCE IN AMERICAN SUGAR
All Pacific Shares Except South
ern Sold Upward.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, October 19.-Yesterdays
failure TO force out long stock in signit.
cant volume resulted in q better demand
for securities this morning. London failed
to respond to the improvement beyond re-
covering from an early weakness in the
American department.
Commission houses reported an increased
inquiry from clients and were buyers of
the active stocks, favoring the middle
group.
The preferred stocks of the reorganized
roads and the low-priced dividend-payng
common shares were taken in round
amounts. The Atchison shares were espe-
cially strong, the common stock crossing
80 and the preferred 70 under large indi-
vidual transactions. The earnings of this
company. a strong bull pool and a skepttcaF
short interest made the movement less DIFF
ficult than usual. Sales of the preferred
stock have been urged in certain irrespon-
sible quarters in spite of the fact that a
5 per cent dividend rate has been estab-
lished for that issue and rumors of l per
cent dividend on the common at an early
date are attracting serious attention.
This latter prospect has brought one OF
the shrewdest traders in the street to =
sistance of the original pool. and joining
Of forces is likely.
Union Pacific was again in excellent de-
mand, both issues being bought by strong
interests. In fact. the only member OF the
Pacific group which lags Is Southern Pa
cthc, and the reason for this Is probably
due to the delay in selecting a president
The higher priced shares were all strong
investment orders helping to support prices
In the group. The coal stocks gained some
strength during the final hour the re-
suit Of the outlook for a resumption of
work early next week London bought On
tario and Western in spite of the fact that
arbitrage houses were sellers of perhaps
25.OOO shares on balance.
American Sugar recovered from its weak
ness Of yesterday, the covering of shor.
STOCK and good demand from trade inter
ests forcing the advance. A new pool In
Leather common forced a sharp and we'll
sustained advance in that stock, and pre-
dictions of a sensational advance were
made in certain quarters
Federal Steel issues were strong and in
good demand as the result Of earnings
The common stock Is said to have a sur
plus fund equal to more than % per cent
behind 1t from which dividends can be
paid.
This estimate is probably exaggerated.
put the property is not suffering from the
decline In prices, and is assured of large
business Rumors Of the westinghouse
New York Air Brake consolidation were re-
sponsible for the strong showing made ty
the stock of the latter company
The Traction stocks were strong predic-
lions OF par for Manhattan before noon to-
morrow helping the line. Amalgamated
Coffee sold at 80, and attention is turning
once more to the Coffee shares
Tomorrow's bank statement Is expected
TO be a good one. inasmuch as the known
movement of money during the week has
resulted In loss Of less than 81 600 900 to
the banks. as against over IS 600 600 la ST .
week. Some of last weeks business may
be reflected in tomorrows statement bnt
the net result should be satisfactory.