The Birmingham age-herald., 1902-09-11
STOCK MARKET
 WAS IRREGULAR Considerable Strength Main tained Throughout Session. T.c. 1. STOCK IN ADVANCE Rumors of Serious Illness of Russell Sage Caused a Selling Movement
 In Gould stooks-tlgher
 Prices Prevailed.
 
T.c. L STOCK IN ADVANCE

New York, September 1o.-For the most part the tendency of today's market was irregular, though opening with consid- erabIe strength which was well main tained until the last hour. About that time rumors of the serious Illness of Russell Sage caused a selling movement in the Gould stocks. the remainder of the list being similarly affected Condi- tlons as a whole favored higher prices. London reached a strong tone for Amer jeans. another gold importation was an- nounced; call money, though nomlnally as high as per cent, was actually hard ly higher that per cent; mop news was encouraging and early advices told of a truce between the Pennsylvania and Gould interests. Largely as a result of these last rumors and aided by clever manipulation. Pennsylvania and Balti- more and Ohio. whose interests are vir- tually identical advanced over point each and the Gould stocks also gained.
 In the same movement. improvement was shown by St. Paul, Louisville and Nashville, Rock Island, New York Cen tral, Illinois Central and the Wabashes, but the industrial list save for some ac-
 
 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 Paci- fic, Reading, Manhattan. Atchison and some of the specialties. At the same time there are some selling of Missouri Pacific by brokers who had been active on the other side. St Paul. on persist ont af rod 4f1rH1 1.naaA made a further advance and Readings strength was well maintained in spite of obvious profit-taking in Pennsylvania, Baltimore and Ohio and New York Cen tral. United States steel shares were ta- hen up, the common being extensively traded in and simultaneous strength was shown by Tennessee Coal and Iron and ether stocks of that class. There was no news to account for the increased interest in these issues other than the general prosperity of the steel and iron trade. In the miscellaneous list the shares of the express, companies ad- vanced from to points on very light trading. Westinghouse Electric and Pere Marquette gained points each.
 The feature of the last hour was three point decline in Missouri Pacific and the recessions in the standard rail- way list including Baltimore and Ohio. Norfolk and Western, Reading, St. Paul, and New York Central. The selling movement wiped out the greater part of the days gains and in some instances caused net losses, St. Paul and Missouri Pacific making the most serious declines. New High records for the day included St. Paul, Missouri Pacific, Rock Island, Baltimore and Ohio. Reading first pre- ferred, Southern Pacific, Missouri Kan sas and Texas preferred, Wabash com mon and preferred, Wheeling and Lake N~fA o,,a Grand Island first preferred, Keokuk and Des Moines. Westinghouse, Repub- lie Iron and Steel, and American Car and Foundry. The new issues of the Rock Island company were again the feature on the curb, the four per cent bonds selling up to s91s on transactions aggre- gating about $1.OOO00O. London's opera tions here amounted to perhaps 5000O shares very equally divided as to pur- chases and sales. Increased public in terest was reported by leading commis- sion houses and the days business which was in excess of 100000 shares was well distributed.
 Money conditions were somewhat easier but the loss of cash by the banks to the sub-treasury conlinued and last weeks surplus reserve was practically oblterated. The gold movement from Australia is likely to assume formidable proportions. Foreign exchange broke some 20 points early in 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 Wabash debenture which depressed them points, The market sold off in sympathy with the declines in stocks Total sales par value s4S95. .OO0
 United States old As declined A per per cent and the new As registered ad- vanced 1h and the do coupon $ per cent on the last call.