Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-10-26
Railway and Industrial Stocks
Very Irregular.
CONTRARY MOVEMENTS
LOCAL TRACTION ISSUES WE'RE
UNIFORMLY WEAK.
Due to the Anxiety Over the New
York Election-London Market
Was Heavy.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK. October 26.-1t would De
difficult to conceive of more irregular
market than that which was conducteo
upon the stock exchange today. Railway
and Industrial stocks of the same general
classification moved in contrary directions,
The local traction issues were uniformly
weak and Consolidated Gas broke on Hsht
transactions, the movements In these stocks
being plainly attributed to the excess Vi
anxiety as to the outcome OF the approach
ing elections 1t was doubtless the case
that the very uncertain tone OF the market
at large might likewise be ascribed TO the
same circumstance.
There was. at all events. no news over
night and no important developments dur
ing the course OF the business session cal
culated TO shape speculative sentiment In
either direction.
The London stock market was generally
heavy with pronounced weakness In Rus
sfan issues which were specthcaliy dt-
pressed by the serious labor disturbances
In that unhappy country. Foreign houses
followed I'D the lead set by the Lonuon
quotations by sales In this market aggre-
eating about 10000 shares.
A Sharp Falling Away.
There was a sharp falling away In re-
during the afternoon there were long
ueriods of absolute stagnation. The money
market continued easy, with no mater1ai
change In actual rates, and steriihs eA-
change rose a few points higher
II IL considered not Improbable that ex-
ports of gold may be undertaken during
the coming week No change was made IN
the Bank of England's rate of discount, but
the weekly statement of that institution
was a poor showing. the rates or reserve
to liabilities dropping over per cent Local.
cash movements were unimportaht' TINS
mornings figures showing a gam 10 the
hanks 10 their operations with the SUD-
treasury during the clearing house week or
siI4OOO. The passage of the dividend on
ments on which were begun last January
was the most important news relating 10
any particular stock.
Some Sharp Rallies.
This intelligence had. however, no d.
rect influence on the Industrial quarter.
where price movements We're quite as ir-
regular as those observed elsewhere In
the market. Occasional fits Of depression.
follow ed by sharp rallies. which were in
turn succeeded by fresh declines. charac-
terized the trading in fact throughout
the day.
The strongest stocks in the industrial
quarter We're American Locomotive,
American Smelling and Distillers Securf-
ties.
Sugar Refining, the United States Steel
stocks. American Wooden. Tennessee Coal
and Iron, Colorado Fuel and Iron and
Pressed Steel Car reflected occasional pres
sure. There was. however, no news at all
relating to the stock in question.
The railway list moved altogether pretty
much on the same lines which were fol-
lowed yesterday. Delaware and Hudson
rose rapidly to new high record figures,
and Chicago and Northwestern scored
five points advance on small transactions.
Further scattering liquidation was observed
in Great Northern and Northern Pacific
and in Missouri Pacific. The Rock Island
securities enjoyed a surcease from the
heavy liquidation which was conducted in
that direction yesterday.