The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-10-05
Wall Street Gossip.

IL Especial to The Times. Dispatcf.s
the III. stock market was generally cheerful with
range s Of quotations Tor mos. ot the ast!ye
IulI speculation OF the previous day and were
y for the most part operating for sfurtne.
advance. EN-
Stocks started higher on opening for ths
most part, then reacted Ia point or more ior
active issues. then hardened again. Under the
d lead Of ST. Paul. Union Pacific. PENNSYLVANIA
and tho Southwestern issues. reaching new
4 high prices for the year In sone< stocks
e ST. Paul was the feature Of tho market.
advancing nearly points up to early IN me
ss AGAINST Asoqss
morning. and later sold as high as 8ls7. Large
blocks caine out on the rise 5 Ia. ), ST.
Union Pacific was notably strong. United
States Steel shares were rcactlonary. under
! heavy profit-taking sales, II
Amalgama.ed Copper showed fairly firm
tone early. but has not been bought recently
BY the and certainly Il no. oy y, sIa
bull pool in It.
1t is generally believed among active traders
that Mr. Keene Is still in United States Steel
preferred. and has knowledge of some un-
covered shorts The earnings for tEs sepssn-
d and are taken as being nearer SO. CO., 0to net
than SIS. coo 600: but the present movement Is
thought TO be entirely on the technical market
position. II
What Is understood to have been the Gates
promise of par for Missouri Pacific. was fu-
filled in tho first few minutes trading AZ
that figure there was further supply OF
stosk eq ie pase Traders think the sens
Z Is better Informed than the buying.
MISSOURI Kansas and Texas preferred ard
a common, but especiallyIthe former, and have
certainly shipped large quantity OF the
z stock TO London In the past few months The
4 control liz understood to liu In Amsterdam. or
III least III foreign hands.
Gould brokers were giving out selling orders
In Missouri Pacific at 100
: active to-day and higher. There was no spe-
cial news other than It was said that the
Of last year BY $500 600.
The advance in Rock Island was. OF course.
based the long talked % q ppsaiom 70
l. would probably help the stock, and It Is safe
to say that Individual members Of the coll
Some attempt was made to give the Idea OF
4 Standard OIL buying in Amalgnmated Copper
II by the use OF houses like Flower 4 Co., at ore
time associated with the interests, Traders
thought the selling looked more like Standard
After midday the market was rather les.
n OIL than the buying, III ft
active, but still firm with st. Paul still the
spectacular feature. The arbtrage buying had
been help and after it was finished there
seemed no disposition to sell OF. although
the market became auleter. "a
Keene brokers made their appearance In
y Southern Pacific on the bull side for the first
time In long period
n j. TayAr s Co. were conspicuous buyers.
Tho fairly heavy selling by Hartman &
Co. checked the advance.
Hartman brokers' were said to have been
active buyers of Union Pacific. and G. q.
Gates & Co. were operating on the same
side although they sold freely on tho bulge.
II was claimed In the room that the selling
K OF Missouri Pacific by II. Lapsley was what
\ is called .insde"f selling,
In the last half hour there was evidence Of
pyramiding all round and traders made
drive at the market with some success. In