The evening world., 1905-10-19
K4LLXZRH2T
THURSDAY, oct. 10

THURSDAY, Oct. 10.
The most persistent efforts that the
bear operators have recently made to
break the stock market were put forth
to-day. A concerted attack on United
States Steel common began as soon as
the Stock Exchange opened, and very
heavy selling pressure vas exerted by
brokers whose avowed purpose was to
knock down prices all along the line.
Fol- a brief period only symptoms Of
decentralization appeared. Then the
Morgan and Rockefeller brokers got
busy and bid in Steel common 30 zap
Idly that the price only wavered frae-
tlonally. The bulls made no attempt
to put prices up, but merely supported
the market just enough to prevent a
slump.
Lawson, Of Boston, took advantage
OF the bearish sentiment here and the
weakness OF Copper stocks In London
70 renew his/attacks on Amalgamated
copper The price OF Amalgamated
shares dropped from a1-2 10 50 10 on the
fierce selling Inspired by Lawson, but
inside interests showed a willingness TO
absorb all of this stock that was offered,
and soon there was a pronounced rally,
a strong upward movement In Brooklyn
Rapid Transit partly c~ounteraoted the
bear assaults, and the general market
was held fairly steady. When Brook.
lyn Rapid Transit touched "A there was
much enthusiasm among the specialists
in this stock, and there were confident
ihtimatons-such as we're heard early
N the summer-that this stock Is
marked for 50.
II Is significant that the moyement TO
depress the market to-day had the SUP.
pOTt OF some OF the Western OPERA brs
VINO nave been lately regarded Ia Wal
street as the probable leaders OF a
S!sronK bull campaign In some Of the
western railroad stocks. The idea pre-
range Of prices Is desired BY these West
crn operators preliminary 10 their spe.
cial operations for the advance Of two
or three pool stocks. Opinions were
expressed by room traders that the men
WHO undertook TO engineer a bear cru
sade made a mistake In trying u nam
mer the market with a Morgan stock.
The speculative coterie OF Tammany
politicians that has been carrying
Brooklyn Rapid Transit shares for some
tine In the hope Of a sharp advance u
apparently. transferring It's attentions
o. Consolidated Gas, BY some .ddehn-
able process Of reasoning these specu-
lative pol ticians ore looking for a rise
IN the price OF Consolidated Gas shares
In the event Of a Tammany victory at
the polls. 1t Is recalled that a number
q local politicians came Into Wall street
two years ago, Just prior y Mayor, Nc
Clellan's election. and dabbled freely IN
Consolidated Gas. a few OF these specu-
latUrs made money, but the majority
were grieNously disappointed. within
the past few days there has been con.
siderable selling OF Brooklyn RAPID
Transit By brokers who Immediately
aftCrVard bought Consolidated Gas,
nnerc is more or less gossip In me Stock
Exchange about some Of Nne impecun.
iDus Taumany warriors being car.
ried" in this speculative venture by the
wealthy ones.
An interesting result Of the Great
Northern melon cu.ing' IS the almost
complete elimA.atlOn Of Northern Sc
curitics shares, A few weeks ago there
were ait)It $500 aaares II Northern
Securities stock which had remained
unexchanged for Great Northern. The
announcement that Great Northern
g ock was TO enjoy subscription rights"
equivalent TO a bonus Of about 81 per
nou.. mas n~aslenoi the exchange Of
Northern Securities stock until now
here are not more than 200 shares
left outstanding.
a slight speculative demand for Bal
tlnore X Ohio shares followed the pub.
licati0n OF this company's favorable
financial report for September. Gross
earnings increased in that month Si9J,-
OlG, and the management put nearly
all OF this Increase back Into property
In improvements and additional equip
ment There - but a limited amount OF
Baltimore q Ohio stock In the market
and Philadelphia traders. who presume
bly, represent Pennsylvania Railroad