Evening star. [volume] (Washington, D.C.) 1854-1972, 1901-11-08
Railway Shares Were in Good De-
mand and Higher.
LEADING ROADS SCORED ADVANCES
Morgan interests Reported to Be
Buying Steel Stocks.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star

Special Dispatch to The Evening Star
NEW YORK. November S.-The early
price movement in today's stock market
fenected considerable irregularity, but SEN
t1ment was. on the whole, decidedly hope
1ul London sent over lower range Of
prices. and sold some stocks during the
opening hour.
BLOCKS which were most prominent in the
advance of few days ago were allowed
10 oraS somewhat, but at the declines occa-
stoned by profit-taking and some mixed
selling the buying was said to have been
OF the best. Commission houses had a fair
volume of business and the various pools
were active in the support of their special
ties
Earnings for the month Of October, which
are now coming in, are the most remark
able in the history of these monthly ex-
hlolts Already three properties, namely,
New York Central, Great Northern and
Northern Pacific. have shown increases of
more than 100000 in gross earnings for
the month. Following this showing are in
creases extending somewhere between
$10o.OoO and $500, 600 in Erie, Canadian Pa
eifc and Missouri Pacific
In the smaller but still considerable gains
are nearly all of the better-known trunk
line properties Such a condition very nat
urally shakes the confidence of the room in
lower prices. The banks with their ex-
panded loans is the doubtful factor
which dampens the enthusiasm of the
street.
The public is fixed in its belief that the
advance which may follow from the con-
Vlnclng argument of continued prosperity
WIZ really be utilized for the purpose of
unloading by the banking interests and the
speculative pools which such interests have
fostered. In order to shake the confidence
o. the public in this theory the proverbial
erect OF higher prices as a bait for public
buying Is being relied upon.
should confidence in the underlying
strength of the situation be restored it is
reasonably certain that the unloading of
STOCKS by big men would give way to a
further exploiting of the community of
ownership idea. Already the vanderbilt
the Gould, the Standard Oil and all other
millionaire railway interests have been ad-
Vlseh or the Northwestern settlement, in
order that no plans of that interest may be
lmperiied by the completion of the first
of the SERIES
The buying of Chesapeake and Ohio was
asaln good. as was also the demand in
Norfolk and Western The hard coal
stocks We're well bought. but made no de-
clded gains. The buying of New York
central was of the best, and all the junior
securities found q ready market.
Atchison was a. feature of the day under
an increased demand in which both com
mon and preferred made substantial gains
/ ne denial Of any alliance with Pcnnsyl-
Nanla Is constantly made, but Philadelphia
houses are big buyers of Atchison, and
scarcely financial institution in that CITY
but has liberal supply of the stock among
its collaterals. It is hardly possible, there
fore. that Pennsylvania has had no inter
est In the Atchison property. -
Union Pacific, and Southern Pacific faiIes
to make any new gains, the recent buvine.
having given way to an irregular market
for these shares. Morgan interests were
quoted as being buIlish on the Steel stocks
he shut tcfJ
is limited 7fopprrow's bank statement is
expected to- be Aan Improvement on that
of last Saturday' and even better than in
created about the middle Of the week.