The daily morning journal and courier., 1902-09-11
 THE STOCK MARKET.
Tendency Extremely Irreguiar-DeCIine
 of Missouri Pacific in Last Hour.

of Missouri Pacific tn Last Hour.
 New York, Sept 1O-The tendency of to-day's market was chiefly irregular, but opening with considerable strength, which was well maintained until the last hour About that time rumors of the serious illness of Russell Sage caused a setback in the Gould stocks, the balance of the list being practically not affected. Conditions as a whole fa- vored higher prices. London reported a strong tone for Americans, another gold importation was announced. call mon ey, though nominally as high as 9 per cent, was actually hardly higher than : per cent, crop news was encouraging, and early advices told of truce be- tween the Pennsylvania and Gould in- teTests. Largely as result of these last ru- mors, and aided by clever manipula- tion, Pennsylvania and Baltimore and Ohio advanced over a point each and the Gould stocks also gained. In the same move improvement was shown by St Paul. Louisville and Nashville, Rock Island New York Central, Illinois Gen. Gldl anu IHG w dDdSlkE5 YDuL IllS trial list was neglected save for some activity and better prices in the Gas stocks and American Ice preferred.
 Following a brief halt toward the end of the first hour, during which the list sagged, there came an active demand for Union Pacific, Reading, Manhattan, Atchison and some of the specialties. At the same time there was some sell ing of Missouri Pacific by brokers who had been active on the other side. St. Paul, on persistent rumors of an in creased dividend, made a further ad- vance, and Readings strength was well maintained in spite of obvious profit taking in Pennsylvania, Baltimore and Ohio and New York Central, United States Steel shares were taken up. the common being extensively traded in, and simultaneous strength was shown | by Tennessee Coal and Iron and other stocks of that class. There was no news to account for the increased in- terest in these issues other than the general prosperity of the steel and iron trade.
 l In the miscellaneous list the shares of 1 the express companies advanced from 1 to points on very light trading. West 1 inghouse Electric and Pere Marquette gained 6 points each. The feature of the last hour was 3-point decline in | Missouri Pacific and the recessions in the railroad list, including Baltimore and Ohio, Norfolk and Western. Read | ing, St. Paul and New York Central. The selling movement wiped out the greater part of the days gains, and in some instances caused no losses, St. Paul and Northern Pacific making the most serious declines.
 New high records for the day includ- ed St. Paul, Missouri Pacific, Rock Is- land, Reading first preferred, Southern Pacific, Missouri, Kansas and Texas preferred, Wabash common and prefer
 red Wheeling and Lake Erie second preferred, St. Joseph and Grand Island first preferred, Keokuk and Des Moines Westinghouse, Republic Iron and Steel and American Car and Foundry. The new issues of the Rock Island company
 were again the feature on the curb, the 4 per cent. bonds selling up to S91a on 1 transactions aggregating about $1,000,- O00
 | Iondon's operations amounted here to perhaps 50,OOO shares very equally di- vided as to purchases and sales. h. creased public interest was reported by leading commission houses and the days business, which was in excess of 1,200 GOO shares. was well distributed
 Money conditions were somewhat easy, due to the cash being transferred to the sub treasury, and last weeks surplus
 reverse was partly obliterated. The gold export from Australia is likely to assume large proportions. Foreign ex-
 change broke some 20 points early in l the day. There were no transfers by
 the sub-treasury
 The bond market maintained a firm
 tone during the greater part of the day despite the heavy realizing in Wa bash debentures, which depressed them
 2 points. The market sold off in sym
 pathy with the decline in stocks. The
 total sales, par value, aggregated $4,- S95, 900.
 l United States old fours declined A per cent and the new fours registered advanced F and the new fours regis
 tered coupon 5s per cent. on the last call