The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-09-22
Wall Street Gossip.
fsnecial 10 Tho Times Dlspatch.

SEW YORK, Sept. 2l.-In Inc iirst hour
Union Pnciic.wns the feature OF ths MI
ket which showed some rhL n;,x ns ,yerc not
md a,i't Ia vi Wire houses, with some excep-
lions we're sellers here they were GEAR
ing at ALL
The market position in Union Pacific.
was perhaps affected BY the fac.. Ina y, :. -
IKE u." last lme /, crossed par against pnr-
chasev OF the convertible BONDS. Ing
buying Of such traders aa G. n DEVIL
and A, A. Housman may have been passed based
on this consideration.
The news regarding Union Pacific
which has been made PUBLIC, was un-
doupted.y also accountable .or = ne ~.
by those 3, ' Who s are viii 10 hke chance
There was certainly competitive puyins
this morning, bu, no definite informauoE.s
Tho trading element always ~ rt ~
can make Il turn, were influenced 70 ihhe
4 ma II & bvf reason OF tho fact e!,at therc
have been light offerings OF the STOCK.
ph,,adelphia houses had buying orders In
Hallgarten and Company we're good
buying of stock around the room y l ll
Ing lin tie Morgan buying orders especially
In steel last week.
Selling pressure was responsible FOR y. /, the ~
aecne In Psnns g;a , oi ' shaas. Foyd
Jones sold 1000: y, II; Griese!,, sy, W - .
ker Brothers, 1908; J. w. Henning.' i
The buying, It Is thought In the crowd
was mostly from those holding short
positions. sa
The waldorf party ia not show the 4 e
:, have for several weeks. BY reason OF
yesterdays disappointment over the
course OF prices and ,he tendency O. Hyi
to the bear side there Is considerable
hesitation man tested on the part OF those
w.io have been decided BULLS for several We. al
weeks WHILE !, Is
W. days. 1T IS thought that the uncer-
ta-nty will tend to check bull speculation
considerably.
An official OF the Canadian Pacific wac
is IN The city, says that the wheat In the
Canad an Pacific territory is threshing
much betterha has been cen exp 2sc ra aId
sight. ~ 1l''
Although the traction situation has
Z been quiet for some time, II Is understood
tnat information has been g ven out TO
hold metropolitan Securities stock in
spite Of any reports that might pc ciren.
way. ii is stated positively that large
and comprehensive deal IS being worked
on. quietly and as rapidly ms possible.
Sentiment with resrect TO United States
Steel stocks seems to have changed
somewhat, and tho opinion Is expressed
that the recent advances In the stock
have been largely due to operations by
Of TO materially better conditions in the
trade.
The undertone of general market at uoon
was much stronger and Il better feeling
prevailed quite generally over the failure
OF yesterdays frost scare to receive con-
+ firmation to- day. The Western contin-
gent were a large seller OF stocks on
balance, Z
At the close OF the ma rkct 1t was quiet.
with a fairly firm tone, ard was at any
X rate strong enough to take stocks sold
by traders to even upE on tho day Tho
tho extent of probably 10000 shares, was
,,ncxpec ted, sand ito some extent, checked
the market.
It looked as IL the Old Philadelphia
crowd was taking hold Of Reading again
Although rumors We're current at the
+ close OF some compromise, which sSuS'd
maze possible the payment OF Northern
Securities dividend, there SCENE 70 be,
+ ral..er good profit-taking In Union Pact
4 nc. a number Of traders have trailed
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