Evening star. [volume] (Washington, D.C.) 1854-1972, 1902-09-18
Western Clique Bullish on
Stocks Again.
PUBLIC HOLDS ALOOF
MARKET CLOSED DULL AND PRO-
FESSIONAL.
Expectation Of Poor Bank Statement
Saturday Has Heavy Effect
on Market.
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star
NEW YORK, September 1s.-Irregularity
with a slightly lower range of prices
marked the trading for American shares in
the London market today, and Consols were
1-16 per cent lower for both accounts
The opening in the local stock market was
also marked by hesitation and some irregu-
laritfes, but shortly after the initial deal
ings there was general hardening Of prices
sentiment regarding the monetary situa-
ton appearing more confident and the yari-
Gus bull cliques becoming more aggressive
In their tactics to bring in some public fol-
lowing. These demonstrations were con-
spicuous in Manhattan Railway shares. Hi
nois Central, st. Paul, Metropolitan Rail-
way and the ST. Louis and Southwestern
issues, in all of which there were advances
OF over 1 per cent, and in the two first
named specialties the improvement extended
to 2 per cent. Rock Island also advanced
sharply over per cent in sympathy with
the strength displayed in the new issues OF
this company on the curb. Pennsylvania
also acted well and showed good gains en-
couraged by the granting of the tunnel
franchise, which has all along been inter
preted as a bull argument on that stock
There were very few important changes
In the industrial list, trading in these
Stocks being somewhat restricted, with tie
exception of Colorado Fuel and Iron and
Tennessee Coal and Iron stocks The for
mer was quite active on report that the
Gates party would take further proceedings
IN the courts at Denver next week to force
meeting of the board of directors of that
company. On buying reported to be for
the above-named party, the stock CAMEL
over per cent while the advance of over
L per cent in the last-named speciality was
SAID to be sympathetic over the gain in
Colorado Fuel.
The early advance in st. Louis and South
western preferred was subsequently nearly
wiped out by realizing sales occasioned be-
cause there was no official encouragement
to the early rumors of retirement of the
preferred stock by ) per cent bond issue.
Toward the noon hour there was again
some irregularity displayed in the specula-
ton, and prices receded fractionally the
market becoming exceedingly dull and pro-
fessional. Local commission houses re-
ported an almost complete absence of out
side orders, While the western houses were
only trading moderately, In the granger
shares and the Pacifics.
Government bonds were unchanged and
railroad bonds. while not showing much ac-
tiyity, were quoted firm.
The subtreasury has collected this week
up to last night. So, S47 600 for customs and
currency transfers, which does not encour-
age expectations of a much better bank
statement than that of last Saturday, al
though 1t is expected the loans will show a
larger decrease on account of the heavy
liquidation which occurred at the end Of
last week (too late to show in the last bank
statemenp. and the first part of this week
In the early afternoon Missouri Pacific be-
came active on buying by the pool and the
price of the stock has advanced nearly 2
per cent. The rest Of the Gould specialties
also showed some strength.
the Southern railway issues and Louis
Vile and Nashville showed some heaviness
in the late trading. owing to a postponement
of a meeting of the directors of the latter
road-scheduled for today-because there
was no quorum present.
Call money loaned at 6 to 6Ia per cent