The Washington times., 1901-09-28
VANDERBILT STOCKS RISE.
Unexplained Strength and Activity
Shown by the Group.
United states Steel Furnishes MOST
of the Dealings in the industrial
Quarter AmaIgamHted Copper
Continues TO Reflect Pressure.

NEW YORK. Sept. 27.-The more favor
able conditions which appeared in the
stock market late yesterday afternoon
were continued today, although the trad
ing was stin characterized by consider
able irregularity OF movement A further
and general advance in all of the Nahoer-
bilt stocks was an influence of great
weight in the dealings. and. in fact inc
rise in those stocks checked reactloh-
arv tendency at the opening OF buslhtsS'
The advances in the group IN questioi'
were most extensive in Canada southern
T,Le Erie and Western and the Nickel
Plate shares. but Now York Central was
likewise decidedly strong and active, ana
indeed the stock sold at the highest price
tt has attained in some months. Definite
exclamation of the extensive advance in
the Vanderbilt stocks was aga.ln wanting.
although the street is disposed to accept
the theory that the control Of the West
ern Vanderbilt lines is to be turned over
To a proprietary company, notwithstand-
ing the semi-official denials OF the report
to that effect.
Aside however, from any such devel-
opments as those rumored, the strength OF
the stocks cited might be more prosaical-
" explained by the present prosperity OF
the system, which it is believed will result
in increased dividends in some cases ana
the beginning of dividend payments on
some of those stocks now making no re-
turns to their holders. The movements
elsewhere IN the railway list were com
,,aratiyelv small. There was a fairly
spirited advance in Pennsylvania, where
the movement in question appeared to
be somewhat in sympathy with the rise in
New York Central
The Southern Railway issues were
steady and in the early dealings the Atch-
ison shares were decidedly strong. Supse-
uuent movements. however, in these
stocks had an irregular tendency. among
the higher priced railway shares a shaIp
advance was made in Delaware and Hud-
son on the revival of the rumor that the
control of the stock is being sought IN
tho interests of the New York Central
The local traction stocks, while sharing
in the somewhat uncertain movements in
the general list, had a firm undertone,
particularly Manhattan Railway. -.
The United States Steel shares 1urnish-
ed the bulk of the dealings in the indus
trial quarter and were exceedingly strong
presumably in anticipation of the deciara-
ton of the second quarterly DIVIDEND on
both issues next week The movements men
among the so-called spocialties We're ike
wise erratic. Amaigamated Copper aho
Anaconda Mining reflected occaslona
pressure Notwithstanding reassurins re
ports regarding the state of the copper
trade which were credited to the large
interests in Amalgamated.
London exercised only trifling inf1u-
enco in this market. as the higher prices
for American stocks. which were furnish,
ed from that quarter were not foiloweo
up by any considerable dealings here FOL
foreign account.
The money market on call was easy
throughout the day and little alteration
appeared in sterling exchange The prop
able showing of the banks in their week
Iy statement of averages tomorrow came
in for a moderate amount of discussion
The banks appear to nave gained some
thing over 81 600 coo on the week and as
ii seems likely that the loan accoun,
will show a further reduction. the result
ought to appear in an additional increas'
In the surplus rese rves.
The iay $ actual news bearing on par
ticular stocks was limited to the traih'
returns submitted and the dividends de
clared.