The times. [volume] (Richmond, Va.) 1890-1903, 1902-09-03
MORE ACTIVITY
IN STOCK MARKET
Strength and Dealing in Reading
Was the Feature.
,~f -
STRIKE is NEARING ITS END
This Impression, Fostered in High Cir
Giles, Leads to Activity in Coal Cars
rying Roads-Grain Rates Put
Up Figures on Western Roads
Rr Associated Press. }

NEW YORK, Sept. 2-The resumption
OF operations in the stock market after
the triple holiday was accompanied by in
creased activity and strength in the en-
tire list More than a score Of stocks es-
tablished new high records. among them
being Atchison common, Canada Paci-
lc, Cleveland. Columbus, Cincinnati and
ST. Louis, Colorado Southern I'd preferred,
Detroit Southern common and preferred,
Missouri, Kansas and Texas preferred,
St Louis Southwestern. Norfolk and
Western, Pennsylvania. Baltimore and
Ohio, ST. Joseph and Grand Island % pre-
1erred, Toledo, st. Louis and Western
common and preferred, Wheeling common
and "a preferred. and the Sloss-Shcffield
SIeelS Issues.
The leading factors were last week s
favorable bank statement and the strength
OF Americans abroad, London buying on
balance TO the extent OF 10000 shares,
chiefly Atchison on Reading. No specific
news was heard to account for the I'M
proved conditions and general enthusiasm,
save in the case of the anthracite coal
ers. concerning which there appeared 10
be a fast increasing impression fosteTeo
in high circles that the strike is nearing
an end. Reading common was the feature:
scoring q net advance OF 5ss points. ana
closing at the highest figure OF the DAY on
frensa cLous aggregattnE over 2SopgV
shares, or almost one-quarter OF the cay
total trading. The other Reading issues
made material gains. as did also Lacka-
wanna. Delaware and Hudson, New Jer-
sey Central and the Fries.
Ing Of Reading common had unwittingly
created condition saVoTing Of a corner.
The buying OF this stock came In large
part from houses supposed to represent IN
side interests. To a great extent the
strength OF the Western railroad stocks
was ascribed 10 the better outlook result
Ing from the new agreement to advance
grain rates TO last springs basis from
Missouri River to Chicago and ST. Louis
points. Railroad earnings reported
Tor July We're in the main satisfactory.
Such properties as Louisville and Nash
Vile. Union Pacific ST. Paul, Norfolk and
snd Ohora. Ste. Sault Marie. as we'll as
number of less conspicuous roads,
showed net increases.
Another favorable feature which was
not disregalded by students OF the mar
ket was the large increases Of exports
over the corresponding period for last
year The list continued somewhat strong
and active TO the end though the closing,
save IN a few instances, were not at best
prices. The onS unfavcrable developments
were the higher rates rpr call money 6
per cent being the maximum figure, with
Il fractional decline at the close and
further drafts on local banks amounting
10 S5p]fgl for the crop movements in the
West and Southwest. Much of the days
business was credited to pool manipula-
0on. but there was. nevertheless much
public and speculative interest of a gen
1ine character. On the curb Northern
securities and the new stocks OF. the Rock
Island Company sold higher than at any
previous time The stocks of the Aneri-
can Bicycle Company We're weak through
out as a result Of a days developments.
the price OF the common stock selling off
to Ia as against 31a at last Fridays close.
Railroad bonds were generally higher in
sEtnpat thy with the stock list particularly
the Convertibles. Total sales. par value,
sf,68o.ooo. United States rs and 3s adj
vanccd 4 per cent. on the last call.
The total sales Of stocks for the day
We're l,32l,700 shares