Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-09-11
Western Group Firm and
Minor Stocks Heavy.
BOND MARKET QUIET
LARGE SELLING ORDERS MADE
MARKET RUN OFF ABRUPTLY.
Firmness of General Railroad List by
Bulling Of Atchison-Improved
Demand for Steel.

NEW YORK. September n.-Opening
prices on the stock exchange showed only
slight changes either way In the leading
STOCKS. The western group was firm and
somewhat higher on the favorable showing
made by the government crop report but
some or the minor stocks were heavy The
United States Steel stocks opened at I'M
changed figures, but the common soon
eased of to % Realty preferred made a
rapid drop Of 81 and Great Northern pre-
ferred opened down points Norfolk and
Western advs need 1b.
Large selling orders appeared simultane-
ously In all parts Of the room and the mar
ket ran OF abruptly. The specialties
showed the least resistance to the pressure
Amalgamated, Tennessee Coal. Brooklyn
Transit and Reading declining point
Dealings were on a large scale in United
states Steel. and after it had steadied mo-
mentarily ran off again to 1915. The grain
carrying roads all yielded substantial frac-
lions. but seemed to meet some support at
yesterdays closing figures. Other losses
were point in New York Central. North
western, Atchison preferred, Minneapolis
and st. Louis and Republic Steel preferred
2 In st. Joseph and Grand Island second
preferred and ia in Atlantic Coast Line.
prominent stocks were ruling above the
lowest at II o'clock and the market was
dull. "'
Atchison was bid up RAPIDLY and toucbed
6S on an active demand for both accounts
This buying impaired firnness to the gem
eral railway list. which averaged a small
traction above yesterdays close There
was an improved demand for United States
Steel. which rallied to 2O% and most of the
other specialties which had been under
pressure recovered fully
The market into ynta
the second hour. and did not vary much
untii near noon when 1T hardened a good
traction under the lead of Atchison and
Amalgamated. Sharp changes were noted
In number of less active properties: for
instance, Lackawanna. Manhattan, Amer
lean Ice preferred and Cleveland c. c. and
81. Louis. which declined /: Twin City
RAPID Transit. 2h and Paper preferred. &
realty preferred rallied IL from the low
est. The severe decline in this stock was
quite generally attributed to the announce
men1 OF the dissolution Of the underwriting
syndicate. Norfolk and Western lost its
opening rise of a point on its excellent an
nual statement. The bond market was very
quiet and slightly irregular at noon
STOCK speculation displayed good under
tone during the afternoon, though the vol
ume or business was rather light. Union
racine and Metropolitan Street Railway
We're lifted and ~, respectively. and there
United States Steel stocks, ST. Paul and
Missouri Pacific. Realizing in Atchison
checked the buying in that stock but its
reaction was small,
Some additional good gains were made by
special stocks in the closing hour particu-
larly Southern Railway preferred and
United States Steel preferred, which ad-
vanced a point, and Virginia Carolina
Chemical preferred 2A
Norfolk and Western recovered to the
best and International Paper, preferred
wiped out its early decline. Dealings were
very sluggish in the general market, but
top prices were pretty well maintained
The closing was firm.
Record Cotton Crop Expected.
From the New York Herald, September H.
John Shelton Williams, president Of the
Seaboard Air Line who has just returned
from a tour of inspection Of the south, be-
lieves that II weather conditions continue
favorable the next cotton crop will be a
record breaker.
Cotton is late in maturing" said Mr..
Williams. but I have never seen the plant
in more heaithful condition. In some parts
of North Carolina, where weather condi-
tons have been unusually favorable cotton
is being placed. Each one Of the three days
that was in the south was worth millions
of dollars to the planters. Depending wholly
upon future weather conditions, l should
estimate the coming crop between 1000 OOO
and 1900. 900 bales.'