The evening world., 1902-09-11
Realizing Sales Caused
Early Recessions, but
the Movement Was
Quickly Checked.
ST. PAUL'S MERRY DANCE.
Uncertainty as to Action Of
the Directors on Dividend
Caused Some Rapid FIuctu-
Market Firm.

Under the pressure Of heavy liquid
alton in most Of the stocks which
have been leading the list the mar
ket was irregular to-day.
Realizing sales took away the
buoyancy which has been such a
strong feature lately, and. although
prices shaded of slowly under the
rush to take profits, the undertone
was firm.
without any especial features of
bulllsh news the advocates OF higher
prices were able to check the recessIons
without any serious breaks and to
hold the prices at nearly yesterdays
middle level.
London's higher quotations for the
American list and tho encouraging char
acter Of the Government crop report
were two features OF strength which
materially aided In holding the market
near It's opening prices.
After the speculative shake-down OF
yesterday, which Temporarily removed
some OF the weaker features. the open
ing was better h predicted.
Baltimore and Ohio. Missouri Pacific,
Pennsylvania and Reading. which in
recent dealings have been specuIatively
grouped together because of the benefits
Gould Cassatt trafiic agreement, were
the leaders In the railway list.
While they failed to hold in some
Instances the early advances, they
showed quick recovery from yesterdays
depression u the dealing In them was
animated and brisk.
Uncertainty as to the action the Board
of Directors would take on the dividend
Oh the common STOCK kepL 81. rdu. .,He
popcorn on u griddle. First 1t would
20 up and then It would go down. While
the range OF advances n receS Aions
was less than . points, II wa an inter-
esting study in fluctuations.
Rock Island Wa Active.
Rock Island was slightly lower than
yesterdays highest figure, but the stock
vas appreciably strengthened by the
statement Of the owners that they would
eliminate from the new charter the
clause giving them power to deal In the
shares for the company.
This inspired renewed confidence In
the s%oundness OF their plan for financial
reorganization and to-day's dealings
were heavy.
Interest In Baltimore & Ohio was In
creased by the somi-Oficial statement
that the road would soon issue 81, 600, oOO
Of new stock In which present stock
holders would have valuable rights.
In the Industrial group the story mat
RTGSluent CnatleA NJ. SNilWup ha'a S'lu
his holdings before sailing for Europe
was oficially denied. and the so h. Of
the United states Steel Corporation
wero very much tirmer.
The report that John W. Gates had
sold his Colorado Fuel & Iron interests
10 George Gould was sufficient to send
the stock up nearly 2 points. which II
lost later when the sale story was char
actcrized as absurd and untrue.
IndustrIRIS Weaker.
Tennessee Coal & Iron and Virginia
Carolina Chemical were weak on small
er trading. the latter losing nearly two
points and the former over l.
There were dealings for the first tim
in American Hide 81 Leather, newly
listed Issues, at prices slightly In ad-
vance of curD quotations.
The traction Issues were duh and
featureless and the rest OF the market
was inclined to be duh.
In the money market call money was
quoted at 6, Z, IT'S and s per cent, with
the demand not very heavy.
The market Tor foreign exchange
weak and lower. with a sagging
tendency which brought 1t near the
point where gold may be imported with
a profit. Direct importations from Eu-
rope may be expected soon.