Evening star., 1901-09-27
Stocks Showed Some Improvement
Over Yesterdays Close
GOOD BUYING OF VAEDRBILfS
This Demand Puzzles the Opera
tors in the Street
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch TO The Evening Star.
NEW YORK. September 27.-The move
ment Of prices in today's stock market re-
fected no positive improvement In the
speculative situation. There were numer-
Gus recoveries from yesterdays levels but
the buying was not of the best and lacked
conviction. Pools and the short interest
were credited with the bulk of the pur-
chases. although there was some attempt
made to attach significance to London's
buying. especially of the Atchisons
The remarkable showing or earning,
made by the property named should arouse
interest, but the public is unusually apa-
thetic. Banks and trust companies are
carrying stocks for some OF the largest
interests in the country. while brokers' Of
fees reflect little intention on the part Of
the public to assume the equities and per-
init liquidation. The stocks cannot be
forced out easily nor by the usual devices.
hence traders are all at sea as to the prop
er position to assume pending a revival of
activity.
Copper is still a deterrent influence since
1t has demonstrated a lack of snap even
after the recent covering The congested
condition of the London copper market
and the artificial devices for sustaining
prices are being widely commented upon.
In the street there is a disposition to con-
strue the recent weakness TO be a Standard
Oh desire for achieving some carefully
guarded purpose in another direction. Those
who accept this view do so in the belief
that this large security-holding party would
not depress a stock which might endanser
their entire holdings.
The steady demand for the low-priced is
sues which enjoy the protection Of the
vanderbilts continues to confuse the street
Officials continue to withhold any conflr-
nation of the scheme to make New York
Central the holding company for all the
Vanderbilt lines. and meanwhile the mixed
buying continues. Houses usually acting
for inside interests take round amounts Of
thu Nickel Plate, Canada Southern and Erie
and Western issues. while persistent buying
of a purely speculative character accom-
panies the advance. Many of the shares
are selling above intrinsic value already,
but faith is great in the new value to
be added by the closer relations to be as
sumed
The coal stocks were again firm, but no
effort was made to force them unduly to
the front Inside interests are firmly con-
WINGED that these shares will improve on
merit, and are willing to allow them to go
with the market for a time. The steel
stocks were all strong under a msscella-
neous demand, and sentiment in the trade
seemed to be improving. The independent
concerns We're taken UP by certain pools,
and the old stories Of possible absorption
by the trust were revived.
The money market presented no new
features. The prospects are that the banks
will show gain In money and a reduc-
ton in loans tomorrow with some addition
to the reserve.
The market was strong during the last
hour as the result OF this prospect. While
the banks are making every effort TO
strengthen themselves in advance of the
October payments on the British loan and
the demand for money in the south, there
is a general belief in an active money
market once these demands begin to as
sert themselves. Today's advance is con-
sequently regarded as only rally which
must give way in due time to an opposite
movement Of equal range.