The Washington times., 1902-09-09
AGGRESSIVE BUYING CONTINUES
So-called GouId-Rookefel-
Ter Properties Figure
on Long Side.
MISSOURI PACIFIC LEADS
Many Railways Score Material Inn
provements on Limited Trading-Net
Gains in Amalgamated Copper and
Other misunderstanding Exchange
Drops.


NEW YORK, Sept. S.-Notwithstand.
ing Saturdays unfavorable bank state
ment and further large losses sustaines
by the banks TO the subtreasury, which
were reflected in an extreme high rate
OF 10 and an average figure of per cent
for call money, the securities marke
made further decided progress upward
today on a large volume of dealings.
The high rates for money were to ar
extent countcrbalanced by sharp de-
cline in foreign exchange, due to large
accumulation of wheat and cotton bills
/. over Sunday, sterling touching 4.S6.2o
The favorable weather reports caused
further reactionary tendency in ths
grain markets, OF which advantage was
taken by exporters of wheat TO engage
large line, e. loads. for shipment.
Gold Imports Assured.
The general impression in. financial
circles seems to be that imports of gold
to this country from Europe in the
near future are assured. owing to our
high credit, the phenomenal crop pros
poets in this country. and Europe S
need of our cereals.
The strength of the stock market to-
day was partly attributable to further
aggressive operations on the long side,
particularly in some of the principal
so-called Gould Rockefeller properties.
notably Missouri Pacific and st. Paul,
and persistent reports of an impending
settlement of the anthracite coal
strike.
Missouri Pacific accounted for one
sixth of the total transactions. amount
ing to about 100000 shares, and retained
about all of an extreme advance of 3
per cent. st. Paul was considerably
less active, and at a reaction of nearly
a point from the highest price. finish
ing liz per cent above Saturdays final
fiRcre. The strong features in the
usually active railroad list included Wa
bash preferred, Union Pacific, Texas AMI
Pacific, Southern Pacific, and Atchison
common, at net improvements ranging
from substantial fractions to per cent
or thereabouts Brooklyn Rapid Tran
active. but left off practically unchang
ed. Detroit Southern issues were ia
vorably Influenced by reports of the
probable acquisition of the property by
the Pennsylvania Railroad.
Railways Improve.
A feature of the market was the num-
ber of material improvements that oc-
fted trading. These included Rock
Island and Chicago and Eastern Illinois,
which gained Az per cent each: Evans
VILE and Terre Haute. Kansas City
Southern preferred. ST. Louis and San
Francisco common, Minneapolis and st.
Louis common, 500 common, and Ches-
apeake and Ohio. The last mentioned
was favorably influenced by the report
ed collopse of the soft coal strike in tho
Kanawha and New River districts.
In the miscellaneous stocks. Western
Union rose nearly point, closing at
the highest prices, and Pacific Coast is
sues scored net gains of 2ss and per
cent. respectively, for the common and
preferred.
In the industrial list number of is
sues were conspicuously strong. ANAL
Rdudteu copper, Ou uedllnSS III excess OF
II 900 shares, scored a net improvement
of 2 per cent, and final gains of j to 2
per cent and over were established in
Sugar Refining. American Smelling COM
mon. General Electric, Pressed Steel Car
issues. Railway Steel Spring issues, Re-
public Iron and Steel common, Rubber
Goods issues. U. S. Rubber preferred, and
U. S. Reduction and Refining issues.
The railway bond market was well
up TO the recent average of activity, and
displayed almost general strength
The Late News.
Late news developments included re- /
an increasing movement of cot /
I'D declining tendency in the !;
for the staple. slight recovery |
ling exchange. due to the cover |
% short contracts, remitters having
1cel sterred early by the high money |
sae and resumption of transfers of |
cs through the subtreasury There
vas aiwarded $3.50. 900 TO New Orleans.
7i.e curb market developed consider
rength in the usually more active
iGrz near the close. The stock market
sst strong and active at not far from
tt SSst prices.
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