Evening star. [volume] (Washington, D.C.) 1854-1972, 1902-09-19
FINANCE AND TRADE
Stocks Strong in Spite Of
Bearish News.
LONDON PRICES LOWER
ST. PAUL ADVANCED ON GOOD
BUYING.
Steel Issues Advanced on Strength of
Decision in New Jersey
LONDON PRICES LOWER
Special Dispatch to The Evenins Star.

| Special Dspatch to The Evening Star.
NEW YORK, September 19.-Amerlcan
shares in the London market today again
showed Irregularities. with prices averag
ing a little below our closing prices of yes
terday. Consols Were unchanged.
In the local stock market. despite a
lower range of prices from London and
lack of commission house orders the OPEN
ing showed great firmness, with interest
and activity centered in the Gould stocks
particularly Missouri Pacific and Manhat-
tan-and also in ST. Paul. the buying Of
which looked like a continuance of the
inside campaign inadgurated several weeks
ago.
In the early dealings the latter stock
quickly gained . per cent and before the
noon hour was reached 1t had made fur
Their gain of over l per cent Missouri Pa
chic scored an early advance of about [
per cent on very heavy trading. but later
lost some of Its improvement on realizipw
Sales In connection with the last-named
stock a good deal was heard concerning the
progress being made in the extension and
development scheme, which, it is stated
VIII be announced soon, and which, il is
stated, the owners feel should make the
stock sell fully as high as St. Paul Rock
Island or even Northwest.
The other Gould southwestern stocks
were stronger in sympathy with the above
movements The Atchisons, Union Pacific
and some of the other granger stocks also
showed improvements extending to Y per
cent. Rock Island sold for cash at an ad-
vance of points.
The anthracite cOalers were not disposed
to show Improvement the dealings In
them being restricted by additional state.
ments from the presidents of the hard coal
roads denying settlement rumors.
In the industrial group National Lead adj
Vanced over a point on what seemed to be
inside buying on revival of stories in regard
to the control of the property. Western
Union advanced over a point on what looked
like short covering. North American also
scored an advance of over a point The
United States Steel stocks were very firm
and showed some tendency to advance on
| light trading.
There seemed to be general feeling
among the room traders that tomorrow
bank statement would make good deal
better showing than had been expected ear
Her in the week, and some were inclined to
believe that the worst of the monetary
squeeze Is over.
Around the noon hour the general market
broadened out considerably, and there were
further advances in the Atchison issues,
Union Pacific Southern Pacific, Canadian
Paclhc and several other stocks which had
not been affected by the early strength in
st. Paul and Missouri Pacific
Baltimore and Ohio and Pennsylvania
also both showed strength and more ac-
tivity, the buying of the latter being. it
was stated, for the pool who have the idea
that the stock should be made to sell on a
permanently higher level. The former
stock was bought moderately for London,
though operators for the foreign account
were sellers on balance today
The rise in Canadian Pacific was at
tributed to the bull pool in that specially
who talked confidently of the good earnings
of the road and the large equity Of it's UNI
sold lands.
In the early afternoon the United States
Steel stocks came to the front on the an
nouncement that the corporation had won
its suits before Vice Chancellor Emery In
the New Jersey court today. Both classes
of stock gained about 1 per cent on heavy
dealings. in which the buying looked bet
ter than the selling
There was no new feature In the late trad
ing. the market was moderately active and
prices were holding well the advances noted
in the earlier trading.