Evening star., 1901-09-04
Stock. List Closed Today Under a
Mixed Demand.
ADVANCE IN STEEL ISSUES
Rumor Of Gold Importation Helped
the Bulls.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star
NEW YORK, September 4.-The course
of prices In todays stock market was
mainly in the direction Of fractional i'm
proyement. London rallied after a period
Of early weakness and closed firm. while
a revival of interest in Americans was
reported at Berlin. At one time during the
day q rumor OF gold imports aggregating
S5,000.OO0 was credited and helped to In
crease the demand for the active issues.
This Importation cannot be made at the
exchange rates prevailing today. and fur
ther concession in cables and demand ster-
ling Will be necessary to bring over gold
unless special transaction be arranged.
The latter action may be taken should any
real apprehension as to the future of the
money market arise
There has been no considerable shifting
OF loans. and the larger banks are quoted
action.
The outgo of money does not equal that
of last week at this time and the money
market may be said to be shade more
satisfactory In consequence.
The strike news was generally regarded
as favorable and rumors of an important
conference looking to an early settlement
or the strike were circulated during the
afternoon. The steel stocks were strong
and the buying In them was called good.
The independent steel and iron shares
were In better demand than at any time
In several days. Colorado Fuel advanced
over per cent. Tennessee Coal and Iron
about per cent, and the cheaper Issues
about l per cent. In many instances the
buying was said to be based upon probable
consultations. The prospect Of the Unit
ed States Company taking over few ad-
ditional properties was discussed and the
benefits derived from the strike were also
offered as an explanation of the new value
put upon Colorado Fuel, Tennessee Coal
and Republic Steel.
The railroad list was irregular as to the
volume Of business reported, but generally
firm in the matter of prices. There was no
good selling at any point unless the selling
of Brooklyn Transit, due to unsatisfactory
earnings, be regarded as within that claSsi-
fication.
Union Pacific was sold down and kept
heavy around par for a time under trans
actions which seemed to be aimed at an
effort to buy some cheap stock. Southern
Pacific was steady under conservative
demand which seemed to come from Union
Pacific sources.
for a time, but those stocks were well
taken, all things considered. Erie issues
were active up near the list prices of the
present movement.
The foreign demand for these shares is
exceptionally good. The coal stocks as a
group were firm, but very dull in most in
stances.
A big buying demand in Mexican Ma
tional made that stock one of the leaders
in point Of activity. Rumors Of an alli-
ance with an important southwestern road
were heard. Chicago and Great Western was
active at advancing prices and the old
stories OF an important deal were revived
and with some indication of plausibility
The Southwestern issues, especially
Texas Pacific, showed better demand, and
the street Is again hopeful of consolida-
tion developments in the near future.
The best prices of the day were recorded
during the final hour under q mixed de-
mand, In which fair volume Of commits
sion business was reflected.