Evening star. [volume] (Washington, D.C.) 1854-1972, 1902-09-10
Bullish Tendency on Wall
Street Today.
LONDON WAS DULL
STEEL ISSUES WERE STRONG AT
THE CLOSE.
Southern and Louisville and Nashville
Also Gained During the
Final Hour.
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK. September l0.-Irregularity
was shown in the London stock market to-
day for American shares, but changes Were
within a range OF u per cent from New
York parity. Business there was rather
light.
In the local stock market there was a
| continuation Of the bullish temper which
has characterized the speculation at times
for the past few days and as heretofore the
higher prices at the start, with few excep-
lions, brought out good amounts OF stock.
The news that was considered favorable
to speculation was the reiteration OF the
rumors of an early settlement of the an
thracite coal strike; reports that the differ
ences between the Gould and Pennsylvania
interests have been settled, and further
| importation Of gold to the amount Of $500
900 from Australia.
The story of amicable arrangement OF the
Gould-Pennsylvania differences was used 10
advance the stock OF the last named com
pany about IL per cent. Baltimore and
Ohio, in sympathy. gained over per cent.
New York Central rallied about / per cent,
while Missouri Pacific gained and lost by
turns over / per cent.
Other strong features of the early dealings
were Louisville and Nashville up lis. ris-
ing u further; Rock Island. up over a point.
Illinois Central. Wabash preferred St
Louis Southwestern and the Missouri. Kan
sas and Texas issues.
Atchison issues were again well bought
and continued firm. the strength being at
tributed to the bullish attitude OF the Rock
Island interests.
The Reading issues showed good advances
on the strike settlement talk. and the idea
that there might be resumption OF the re
cent buying. said to be for control
In the local traction shares Brooklyn
Rapid Transit again showed evidence OF in
side manipulation while Manhattan seemed
to be neglected. because the bulls on this
speciality were too active in manipulating
Missouri Pacific
In the industrial group comparatively lit
tie was done in the early speculation.
changes as a rule showing only fractional
movements.
Consolidated Gas. however showed some
activity and the price advanced nearly
per cent and American Ice preferred rose
about H. per cent. on account OF the
numerous bull tips current in the street
and elsewhere general commission bust
ness showed some improvement, there be-
ing good inquiry for stocks in the initial
dealings all over the room. The western
houses were not slow to improve this OPP
portunity TO realize profits, their sales be-
ing quite heavy.
After the first hour this selling began 20
be reflected in the market. prices generally
reacting fractionally.
The demand for Wabash debenture "B's'
was a strong feature of the bond depart
ment. The preferred stock of this COM
paEy, however. acted little ''toppy'' after
the first burst Of activity.
A little after the noon hour, the market
apparently having absorbed the heavy
profit-taking sales of the earlier trading
speculation again became active and
strong, with good advances in Baltimore
and Ohio, Missouri Pacific. the Readings
Norfolk and Western and the Southwestern
issues.
The copper stocks did not act so well to-
day and Amalgamated lost about a point
on selling suggestive OF disappointment
over the failure to create larger outside
following on all the bullish talk so recently
seen in the papers.
Call money ruled from 61g to per cent:
time money is not quotably lower and there
does not appear to be any change I'm prime
mercantile paper rates or conditions.
After the delivery hour some irregularity
developed, Missouri Pacific lost nearly two
points, the active railway issues declining
fractionally, with the exception Of South
ern railway and Louisville and Nashville
both Of which became active and scored
good gains. The United States Steel issues
and Tennessee Coal and Iron also showed
good advances. and from the buying in
these stocks the long-delayed bull move
ment seemed to be on the eve of starting.