Evening star. [volume] (Washington, D.C.) 1854-1972, 1900-10-15
Sharp Advance in the Entire Stock
List Today.
CONDITIONS ALL FAVORABLE
Settlement of Coal Strike and
Bright Political Outlook
GENERAL MARKET REPORT
Evening Star.

Special Dispatch 10 The Evening Star.
NEW YORK, October 15.-Buying Of a
better character than any recently recorded
in the stock market resulted in substantial
advances in all parts of the list this morn
ing.
London sent over a higher range Of prices
the result Of decreasing fears as to
Americas attack on her gold holdings. The
bank statement of Saturday was taken to
indicate tendency toward normal money
market conditions, and fears Of a strin-
gency were no longer in evidence.
Importations of gold from South Africa
are to be added to those already in transit
from England, France and Germany. No
better indication of Americas new financiai
condition Is possible than this inflow Of gold
from practically every center of boarding
or production. Bankers do not think that
much gold will be needed and hence there
Is the added comfort of getting all that is
essential without inviting realizing on our
securities held abroad.
The settlement of the coal strike now
seems to be but a matter Of a few hours.
All of Delaware and Hudson's collieries
were in operation today, and Reading Is
preparing to resume. All of the coal
stocks advanced under a big business. in
which bought accounts were represented.
Plans for settling the Chicago Gas war
are said to be well on the way toward ac-
ceptance. and Chicago houses Joined with
local traders in advancing the price of Peo-
pies Gas. The demand for these shares
was urgent, and continued until the clos
ing hour without slackening materially
The steel stocks are In better demand
than at any time since early in the sum-
mer as the result of the new orders for
rails and all forms Of steel equipment
The larger railroads are giving out con-
tracts in manner to indicate satisfaction
with both prices and conditions. The 9th
of November has not scared capital as vet
and Wall street Is not sacrificing securities
on the eve of the Madison Square demon
stration, as it did in 1895. The fact that
the steel stocks are advancing Is especially
significant, since. being industrials, they
have most at stake in presidential cam
pa1gns. 1t is worthy of notice that the
Tennessee Coal and Iron are being well
bought in this revival of activity
The stocks of the American Smelling
company were well bought as the result
of rumors predicting the early absorption
OF this company's only rival. Such action
IT is thought. would bring the common
stock In line for early dividends The Trac-
ton shares We're stronger, the demand for
Manhattan being of the best and the entire
group showing something more significant
than mere covering Of short sales
Inc Pacific shares and all the grangers
were advanced under better demand.
Inc volume of the days business was well
olstrlouted, every group being advanced in
sympathy with the change in sentiment
confidence in conditions, in the elections
ana In values was never more pronounced
at any time since the conventions than il
was during the afternoon session TO-DAY.
me pace was little rapid and may not be
able to hold. Declines. however will be
regarded as safe starting places for q du-
phcate movement