The sun. [volume] (New York [N.Y.]) 1833-1916, 1904-09-18
GOSSIP or WALL STREET.

cided lull In speculation. Misgivings as to
| the probable character OF the bank state
'ment were more pronounced than on any
previous Saturday since the surplus reserve
began to fall so rapidly. and there was
disposition on the part of traders to defer
! operations. especially on the long side, until
after its appearance Predictions were
! freely ventured that prices would be bid UP
sharply on weak bank showing. as they had
| been the Saturday before, but all who counted
| upon another such demonstration in the laat
half hour yesterday were disappointed The
| bank statement justified the msgivngs
entertained concerning it, but when. i'm
| mediately after its publication, an attempt
was made to bid up prices, the bear element
got on top of the market and made a lively
/ demonstration of It's own On no great vol
ume OF trading. prices declined sharply all
around. losses of 4 to per cent. occurring
In the principal stocks. In the last two or
three minutes. buying orders were received
and were 30 executed apparently as to close
u few stocks as high as possible From
! 1914 st. Paul. for example. advanced =
per cent on two transactions. first to 1871
and then to 1853. without an intervening trade.
1t required taking but 200 shares of stock to
do this in St Paul the transactions referred
to being OF 100 shares each.
The confusion of speculative thought in
| Wall Street at the present time has developed
'oinr "o"ue''"''' "''u'e 'e'u''' -
markets.
| II is only a few months agonot more than
ioui 'h'V 'ho'o "'1 eousn 81. -,
euiuanes III tne So Nh - Nv -, wby
| "neifheo on every s'ue WIN ieueo"s W.
pr'oee oouio NOV so up o. a ~,
present '',''e Is an 'n' o'n., way it,,ras
! to say that there has been big advance
and that there evidently has been IA CON
sideraoie ois'riou'loh oi s'o.hs VI '.tI'
lie proceeds 10 reason on ms ili'e u,i''i Se,''.u
WIN tne u''iihaee re'or'' nu' tneE ma, I
gov 10 hoiu the 'haIKe.' nes .a ,m "no, n.y..
| many stocks to sell. and don't we all know
| that stocks can he sold only OH rising prices"
| This is the sentiment that prevails in the
commission houses where there has been
| an active speculation for the advance These
| same houses. as might be guessed, are carry
| ing more stocks on margin than at any time
| since the speculative liquidation that cul-
| minated n wear ago this month 1t was in
oep'ei'pef' i'o'' 'ha' ,"e oe", 'a. nv. W..
nlii.".tu VI a. .ea9o ,,.or we .'',haJ
| tha' the lowest prices were iea'he"'
| Tho hi,h.r ,-,oa, NJ which .tocks .rs SELL
| ,,r r,ais - difYar.nce in sneculntiye loans
| - s 49,, 4; La,rr,,.,a ~, -, 600 sh,ras Of
80 80 pnai, ,,o,ad n ,ha ,,,rt, q, aro,,nd
on''n ! "',n' Nuo.u =" WV ni'' a,, 90 ,.an,
|
~ o -. @ ,o ~, ono sharos ~ e,anl
i ~ &C, w 20 ~ P'''' VII -''''''
10 s'o'''''
| This is the first market | ever saw, said
a trader last week, where 10 hedge against
1onoa ,.on,ye 90, r. Inv something else
tha,.s active and ooin, mn. Won ordinarily
hadaa on your Ionv stock nv selling some
III. lie shor, ~, /, hasn't been feasible
~ a. tha+ in tbis n,srtet Won are long of
| sonstbino tbat doesn't move and if v,,u
| 80 -. - other than coil /, ont you
| Rae to go and Inv some,hing that IL going
~ ~ 'N ''
|
The Erie books closed last Thursday for
| the annual meeting TO be held on Oct II.
| There will therefore be no further. accu-
| mutation of Erie stock for voting purposes.
at least not for this meeting. The advance
in Erie common has been explained par
TALLY due to buying OF the stock for voting
| at the first annual meeting since the DISCO
| luton of the voting trust.
| ,.
| uns du'anee III 'S,pn," 500 n
tn,', a.. IN an W VIC 1.IlI 80.
o'n.'.e vi '"e 90 p.i 49,. ~ nv
49, o. .. ,.n nnr cent a. INV interest neriod
These bonds mature In 1912 They are sell
ing around par. ana yielo. therefore. ga
| per cent. on the Investment, WINE at the
same Vine 'peS give Tue ho'uei ca1i ior
eight years Oh pennsylvania STOCK at 40
The bonds may Dc called ov the company
at 1929 and interest on ninety days NOTICE.
but when called the hoider may still exer-
III, .,. st..
IL mas ueeh coInp.a VI reoshtls 'aa s
inactive s'oche arc tahen III nanu anu o.I
up lurouss on ialse , uausae' I oniy
iapse asam NV 80" . -, go ~
az, up's % W go. WI" ah, nas y. y. na ,,e
!oio"eu nno iiI, nv n.oa,. ", So,'.
W 1870, ~, go ~ shod go iinht
ioin liN'a.. noat ,ras ro.n,od ~ tbat
w 'no su 49,. 600 To- 81 ,,' n"d
80 ~ ~. " ~ L,i,, 49, ,ri,h lin, 90 nna
- ~, 80 .tart n'Itb Vsy yo-k Cant-ol .r,,ld
cru" ,, oa,onaaa ooross ,,o ~, s'n,n
ISL Al, .,Iot,od tn ,bo .,,o-al
ei.at 70 -, 81 L., ~ y aa,. ~ t,.o a.ar
'uen' y. s,t;,a $500 -,s,,i,ta,,.
Wei I nv 1919. ~ ana.a.;on 800.
.uo oioneI -, a., .s .l, y. 80 w..
80 a. " ,,oiI ond than ono ,nomhsr NJ tho moi
up W dun,ned bis ho,d;nas NJ ,ha
oanonsa -, NE ossooio toe hraaking tho mar.
ket Ia per CENT III uoihB ~, uut eeCuiinB