Evening star., 1901-09-11
Stocks Were Irregular and Closed
Rather Weak.
ACTIVITY IN RAILWAY SHARES
Drive at Atchison on Strength of
Crop Report
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, September 11.-American
railway shares In the London stock market
| this morning were from Y to per cent be-
| low New York parity. due. 1t was stated.
to misunderstanding In regard to the
Presidents condition. Atchison st. Paul
and Union Pacific issues suffered the most
in that market, while L. and N and the
steel shares were steady to firm at about
| the New York closing prices Of yesterday.
Buying orders from New York were ex-
ecuted in the London market on the decline
which took place there.
| The local stock market opened under the
same feeling of nervousness which charac-
| terized the stock market in. London. At
the opening an average decline of about
" to b per cent In both the railroad and
the industrial list was noted. This decline
did not last long, however. because all the
mornings news from Buffalo was encour-
aging. Sentiment, too, was favorably at
fected by the renewal Of strength in st.
Paul.
This stock showed a decline of N points
| al the opening, but very soon after recorded
an advance Of per cent.
Atchison issues were inclined to heaviness
| In the early trading, supposedly on account
or the government crop report, issued late
yesterday evening, not showing an I'M
provement in the corn crop of Kansas.
Union Pacific and Southern Pacific were
both well supported In the early dealings.
and rallied fractionally in sympathy with
st. Pauis recovery.
The United States Steel issues were sus-
tanned by an expected early announcement
OF the settlement of the strike.
Republic Steel and Iron stocks were
heavy In anticipation Of an unfavorable an
nual report. which it was stated would be
made public today The local Traction
The market generally, after the initial
dealings moved slowly to about last nights
closing prices.
of II per cent in the new As.
while the 5's, 3s and the new 2's
were up Y per cent. After the first hours
trading the market again rallied fraction
ally In sympathy with the strength dis
played by the stocks known as the minor
Vanderbilts. In this group of securities.
Big Four gained 3 per cent Chicago. In
dianapolis. and Louisville rose per cent.
while Canada Southern advanced over 4
per cent above Saturdays quotation.
Big Four's advance was started by good
buying orders from people who are con-
vinced that the large improvement In earn
tngs will surely lead to a higher rate of
dividend on the stock. In Canada South
ern the old rumOr was revived of a prob
able readjustment Of relations between this
company and Michigan Central Toward
noon a reaction set In, the decline being
led by st. Paul and Atchison.
In the former stock some uncertainty
was felt in regard to the dividend to be de-
ciared tomorrow, while in Atchison the de-
cline was attributed to government crop
report, as before stated.
A determined effort was made in the
early afternoon by room traders to break
the market, and prices generally receded
to about the opening, at which point good
support seemed to be encountered and
prices again rallied fractionally and the
undertOne grew stronger.
The good resistance shown by the mar
ket to all bear attacks Is accounted for by
the fact that is known that local bankers
are working to get bonds for the treasury.
A fairly large amount of them Is expected
to be furnished; and also to the rumor
that comes from well-informed sources to
the effect that the steel strike Is expected
to be settled within the next twenty-four
hours
London sold stocks here today but Its
offerings were well taken. In the late
trading st. Paul again weakened, selling
below the opening price. and the rest Of
the market sympathized fractionally Last
loan call money, AZ per cent