Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-01-09
Strong Opening in Railroad
Shares Today.
LONDON ON BULL SIDE
THE INDUSTRIAL GROUP WAS
RATHER NEGLECTED.
Heavy Realizing About the Gloss
Caused Losses in the Active
Railway Stocks.
Special dispatch TO The Evening Star.

Special Dispatch TO The Evening Star.
NEW YORK. January 9-Americar
shares in the London market again showed
advances today. but business was only mod
erately active.
The higher London quotations and greater
activity among the pool operators. together
WIN very fair commission house buying.
gave strong opening to the local stock
market
The pool buying was particularly notice
able in the Gould issues, in which Missouri
Pacific, Wabash and Texas Pacific issues
all scored good gains. The Morgan people
were active in the Fries, and the trading in
these specialties was about the heaviest of
any seen elsewhere in the market.
The common being the most actively dealt
in, with talk OF 80 for the stock, con-
nected with its strength. and the advance
in Rock Island shares, there was ru-
NOR to the effect that an arrangement
had been made TO handle the latter's
freight for the east over the Erie sys-
tenn. The greater strength and activity
in the Wabash shares was on the report
that all serious opposition 10 the roads
entrance into P,ttsburg had been re-
moved.
New York Central made good gains on
reports that arrangements had been con-
Guided which would enable it to run it's
suburban trains over the rapid transit sys-
TEN. Baltimore and Ohio and ST. Paul were
only fractionally higher, but there appeared
to be accommodating orders in tbs former
Reading acted weak from the start, and
there was good selling OF it.
The western crowd were particularly ac-
tive in Southern railway and did some
buying OF Illinois Central and Louisville and
Nashville. Tie heavy purchases in the
former stock were probably done with a
view to its effect the latter, as it has
been known for time that a
ers We're anxious 10 get RID of some of the
Louisville stock they had been carrying for
the PAST two months. Not much stock was
take" in the story that the dividend on
Louisville and Nashville would be increased
at totiay's meeting
The traction shares were fairly active and
gained slightly. Brooklyn Rapid Transit
scoring the most advance.
In the indu5trials copper was unclaimed
in the early dealings. Sugar was rather
heavy, notwithstanding the published with
drawal Of the beet sugar opposition to the
Cuban reciprocity treaty: but this was not
surprising, as the stock has advanced over
II points in the last two weeks, and In
siders. as rule. have a way of discounting
favorable news about that much ahead OF
outsiders
The steel stocks were higher and very
we'll bought
In the second hour Of trading there were
some general reactions, but the undertone
OF strength showed no improvement and the
market continued broad.
Money continued easy. and the dissolution
Of the so-called faith cure money pool
which was organized about three weeks
ago to loan $J0OO0OC0-f necessary in the
street-and which was never called upon to
loan a cent. tended to strengthen the belief
Of the traders that the money sit
uation was again righting itself, and
that they need not now fear that
bugbear to buIlish manipulation tight
money. In the early afternoon there were
special movements in Baltimore and Ohio
Union Pacific and Southern Pacific, in
which advances Of over 1 per cent were
scored
+ The banks appear to have strengthened
their position as regards the movements
of currency this past week they having
gained nearly seven millions from the in
terror, and up to last night about two and
one-half millions from the subtreasury In
addition to this the latter institution was a
debtor at the clearing house this morning
to the amount of 81. 191 $50.
Atchison issues behaved we'll all day. and
now that the labor difficulties have been
arranged higher prices are looked for in
them. .--s
Around delivery hour a general reaction
set In, and many of the active stocks lost
about per cent. Reading losing 1R on good
selling. but as in the previous declines since
the bull movement was inaugurated, two
or three stocks were picked up for special
movements of strength and activity-in this
instance the local traction shares were Sc
lected. and Manhattan was made a strong
leader