The daily morning journal and courier., 1902-09-10
g'itra1rcia1.
 THE STOCK MARKET.
Generally Firm With Many Marked Advances.

Generally Firm With Many Marked Advances.
 New York, Sept. 9.-With business well in excess of one million shares and widely distributed. to-day's stock mar ket ruled generally firm, with many marked advances, and closed with sen timent rather mixed. Except for fur ther good crop advices and word of an approaching importation of gold from Australia, there was little to account for the strength shown On the other hand, the financial outlook was again menacing, call loans advancing to 3 per cent. The market opened with gains in the southwestern stocks, particularly those in the Gould system. The street ascribed much of Missouri Pacif1c's strength to the operations of a we'll known pool. There were large and brisk operations in some old favorites, such as Louisville and Nashville and South ern Railway, and 1t was in these stocks 1 that manipulation was most manifest. Concurrent with the move in these is- sues was the strength of St, Louis Southwestern and the so-called Denver class. but in these as we'll as in South ern Pacific manipulation was at times almost fragrant.
 As on the previous day, and in fact, l for some time past, commission houses reported @ dearth of public interest. Apparently more genuine was the move in Wabash issues and in Wheeling and Lake Erie, which advanced sympathet- ically. The advance in Southern Rail- way met with free selling for London account but at the opening that mar ket bought moderately of Southern Pa- cific, which it also sold when that stock moved up. The day, on the whole, once more found London seller on bal
 ance.
 | United States Steel shares were com- paratively inactive and inclined to heaviness, though both issues held their own at the close. In the last hour stocks which should have previously
 been neglected, such as Union Pacific,
 Atchison. Southern Pacific, Baltimore
 and Ohio and Sugar, were taken and
 made varied advances. Tn addition
 there was a very heavy buying move ment in the Wabash issues and the
 Southwestern group. with counter
 move in St. Paul and Missouri Pacific
 which appeared to be in the nature of
 profit taking. New high records were
 made by the last named stocks as we'll as by Atchison, the Wabasnes, the
 Wheeling and Lake Fries, Pacific Coast,
 St. Louis Southwestern preferred,
 Southern Pacific, s1oss Sheffield prefer
 red and General Chemical preferred.
 Rock Island issues were feature both
 on the exchange and on the curb. oper- ations in the first named place being
 stimulated by the strength of the new
 securities in the outside market. i Since Friday last the banks have lost
 almost $4000,000 to the sub-treasury,
 which reduces the surplus reserve as
 reported in last weeks bank statement
 to practically nothing. Then, too,
 heavy pension payments will have to
 be met the latter part of the week but
 probably too late to figure in this
 weeks bank statement. There were no money transfers for crop purposes. 1 Wabash debenture bonds continued
 the feature in the bond market today,
 enormous purchasing advancing them nearly points, to 89. No further light
 was thrown on the recent extraordinary
 trading in this issue. The general mar
 ket was also active and strong. The
 total sales, par value aggregated $5,- 655, 900.
 United States old fours advanced k, the new fours coupon 4 and the threes 1 5s on the last call.