Evening star. [volume] (Washington, D.C.) 1854-1972, 1900-10-25
Good Demand for Pacific Issues From
Commission Houses.
TRACTION STOCKS ACTIVE AGAIN
Manipulation for Political Purposes
Believed by Some.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, October 25.-Trading in to-
days market was again liberal in volume.
and quite as mixed IN character as on pre-
vious days of the week. London Is said
to have traded in $1,000 shares, of which
more than one-half were purchases. Ber-
lin sold Northern Pacific through London
in round amounts, and the latter center
bought Southern Pacific up to the highest
point OF the season.
The rumors relative to change In the
control of Pacific Mail having been so
effective ar effort made to advanc"
Southern Pacific under rumors. of the early
election of a president who would favor dt-
vidends on the stock. Commission houses
had buying orders in the property. but
clients were influenced more by the fact
that the stock had not had any advance
share, by any new internal developments.
Union Pacific shows a remarkable capac-
ity for holding it's advance, but there is no
concerted effort to force it to a new high
level.
The railroad list generally shows profit
taking and the usual undercurrent of good
investment buying. One operator takes a
profit and another increases his holdings.
The process is healthy, and leads to the
commission house opinion that the main
movement is not yet exhausted. and that
Confidence in the outcome of the cleo
tons is unchanged, and in some quarters
the event is not considered as factor
Opinions are expressed on the basis of spec
ulative conditions and realizing checks the
advance more than the regard for con-
servatism. Prices show advances varying
from ) to 10 per cent, and 1t Is quite prob
able that the good features of the situa-
ton have been given full credit already.
There is one argument which is Endorsed
in certain influential circles, however, that
IS worthy of consideration, and that Is that
politics demands a further show of conf
dence on the part of stock operators. Ac-
cepting this argument means that the ma
nipulati machinery must continue to hold,
if not advance, prices for another ten days.
Thus far the marking up of new stock
each day has served all purposes, profits in
one being taken while attention conferred
upon the newcomer
The local Traction shares We're active
particularly Brooklyn Transit, and this
movement had a tendency to divert atten-
ton from the railroad list. Some change
in management or policy of the property
last named is promised. and the street ar
cues that such change will help the price
of the stock
Metropolitan is said to be buying the
control. and the Pennsylvania railroad
since its purchase of the Long Island prop
erty has been credited with desire to
secure Brooklyn Rapid Transit. These
rumors, of course, always fail of confirma-
ton. but only tend to confirm the sus-
picion that they are faulty in detail mere
ly and not in substance.
Rumors of settlement of the coal strike
to be announced later in the day were gen.
orally credited, but the coal stocks re-
sponded indifferently to the prospect. The
settlement. however, will improve the situ-
alton in spite Of the fact that it's specula-
tive value may have been decreased by the
delay. The money market was practically
unchanged and a better bank statement il
In prospect.