The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-09-28
Wall Street Gossip.

t-pSClht 70 Inc Hines
4 NEW YORK. September q. The stock mar
ket opened generally strong, With n fair amount
3cf activity In the leading Issues. There
lin sight. but traders attached Importance 10
\ the special strength developed in London. and
foss tho most part were willing to operate
Throughout the first hour the market con-
8tinued TO show strength in spite Of rather
professional character Of the trndiug, n and a
4 There did not seem TO be much stock in the
street. and from%the Inactivity OF the wire
d ouses, there was no Indication Of The market
ing OF stocks carried in other centers
John w Gates is said TO be behind the
movement In Missouri Pacific and was re-
Z Gould brokers have been distributing stock
quietly for about two months past, but are
naturally not offering any opposition 70 tho
market movement They seem content TO Eup.
ply Just enough stock not to- frighten tho
Z bull account out OF tho market altogether.
The early advance IN Ganad,aa Pas I; was
present the only satisfactory market for the
stock Is in london.
morning and activity and standard stocks was
Very gratifying TO the bull Interests and It
resulted in considerable buying for new, long
account and encouraged bullish feelings per-
ceptibly
A prominent official OF the Baltimore and
4 Ohio spoke Very hopefully and confidently
regarding the conditions along his system. l2'
There was a good deal OF favorable talk re-
-gardlng Canadian Pacific. It was said that
stockholders the rights Will be worth about
s a share It j. expected that the WnnpeS
within the next thirty days. s q
The sentiment Of tho Waldorf party this
morning was decidedly optimistic and even
PODS, nf shat
Is manifested than, at any time during the
recent upward movement
The 7Atchlscn annual report WAS freely dis
cussed this morning by prominent railroad
mon who were In town and by tnanciers.
While i Is sxpe1a shas an 9I 81
3 for additional capital as a bear argument on
n the conpany's stock. it is pointed out that
already established, but to develop territory
adjacent to tho main line, Tho opinion is
expressed that the need OF money Tor these
growth OF the West, and that this feature OF
Mr.. Rpley's report is to be regarded as ex-
Etrcmely favorable.
Tho crop Of corn Is still being discussed
but estimates as to tho yield are being raised
daily. Iteis hard to find any ono now, who
does not believe the crop vi aggregate $780,
600. 900 bushels,
No bearish talk was. heard with respect to
the United Sta Les steel STOCKS HNd INC. iron
and steel trade A high official of one Of
tho large independent companies Is in town.
md ha snys that the consumers of steel
products have no stock on hand. and that
lie expects soon orders to come. In on a.
large scale to supply tho ordinary demand for
business. Much higher prices for Steel stocks
particularly the preferred, are confidently
prophcsied
The fiscal years OF the American Cotton
OIL Company ended August 3lst, but It will
take some tirne to make up the accounts. Last
year after paying four Ter cent, common diyi.
per cent additional It has long been known
in the trade that the present year started
seed prevailed during the buying season, This
cost OF raw material has made the present
year comparatively Improbable. although tho
ings Will show tho preferred dividend fully
earned but With only nominal surplus on