The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-09-27
Wall Street Gossip.

II 3s Especial to The Times Dispatch.)
stfs NEW YORK, September aa6.--At the OPEN
ing the stock market showed some activity
aud fair strength. There was nothing in tho
>ondon prices to give any lead. but traders
4 Having that the wire houses had developed
Come buying orders over the end Of the
y. ]. Manning since his return & from his
holiday, has been quito a leader dsas~E the
traders. III H. was active on the bull side in
Steel preferred and was a conspicuous buyer
= Of stocks around the room last week.
& Traders without any evidence 10 guide them,
s ere try.ng TO place the source OF buying IN
I, Metropolitan 10 the early market: some OF
Z G,em thought It might represent The covering
y OF shorts. ili "A. s2 n
u Soma evidence was traceablc In the carry
trading Of desire to cover shorts put on. for
n western operators on adverse crop rumors.
i There is very general opinion that crop re-
in the mnrket, and traders do not expect
them 10 be much OF "a factor after the next
government crop report, October 80
4 IA 4 a -IIousman WAS tho most conspicuous
a buyer OF United States Steel common and
& preferred near the opening.
Philadelphia was early a buyer Of Atchson
4 preferred. London was the most noteworthy
\ feller
Traders followed the early advance IN Read-
largely shaken out. at4s5s
II was thoueht that the same people who
u were selling Metropolitan securities were buy
Il ipg Metropolitan stock. y 4 s5y&5
Despite tho decrease OF ssS25 In Louisville
and Nashville for the third week in septem-E
lcr. the stock was very strong and scored
un advance OF point. selling up to l25 II.
b n After midday the stock market became
dill. hut continued hard. There seemed 10
be q good supply OF stocks. but II was not
tain The forenoon rally The London selling
i WAS heavier than had been expected. and to
some extent checked the advance.
Around p. NJ. United States Steel was
1 ,mndo 10 sell at 70, although the trader who
there had been a good deal OF marking up
Y for effect In this and other stocks,
n London houses were principal sellers OF both
eadng and Erie this orn,nf ibo but hey
In in Inc carly dealing in United States Steel
common. Manning bought 1000 from - w.
II G. O. Gates & Co, sold Z. 900. y. 3. Hollins.
5000. and Van Embprg and Atterbnry, $500
United States Steel preferred.
!. j. Manning. the trader who broke the
price OF Metropolitan on Saturday took back
all his stock WITH sorHe profit th,s morning
The specialists were the sellers
w aBSerfnRn bros, DID SOn6oI1oAIeu 0db
on scarcity OF offerings,
8s;l w, L. STOW, bought 5000 Erie Flower & Co.
1000. and IIallgarten 1000.
The largest buyers OF Rendins WERE Pepper
and Sternbach, $1,000 Local offerings were !
small most Of the stock coming from Lon-
don and Philadelphia,
The trading In United States Steal Issues
was open and the market would consume Largo
amounts at every eighth, Eelsewhere the buy
Z Ing demand has not been pnsunl. but offerings
were comparatively scarce. a
While the market wasN generally strong
throughout, a new class of stocks was taken
up in tho afternoon. Rock Island became
active and advanced on the purchase Of about
4 5000 by IIolister and Babcock,
& Y Brokers who are supposed to act for Haw-
ley and Davis bought Wisconsin Central in
nm unusually heavy scale,
There was scattering buying Of Atlantic
4 Coast Line Of reports OF extra or q scrip
8 dividend. S3 Il n, g .s9 y N
x In the usually active list Wolf Bros. con-
4 tlnue very heavy buyers on the balance,
AT tho closd the market was firm with Just
enough recession In PLACES tot Indicate a |
~alAan ~ nn = Alnas 49,