Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-10-25
Large Increase in Volume Of
Business Today.
MARKET TONEW ASFIRM
LONDON NOT AN INFLUENTIAL
FACTOR IN LOCAL DEALS.
Number of Conflicting Currents In
Transaction-Rock Island Report
Caused Disagreeable Impression.

Special Dispatch to The Star. 40 fSs
NEW YORK, October 25.-There was
large increase In the volume of business IN
today's dealings upon the stock exchange,
while the markets tone for the most part
was very firm. 1t was still modined py
good deal Of irregu1arity.
There were no changes or developments
of Importance in any OF the fundamental
features of the situation. Sterling exchange
remained exceedingly firm and further IN
dications of relaxation were observed IN
the several departments OF the money mar
ket. =,
the local dealings, for while all depart
ments of the London stock market were
heavy the selling here for foreign account
was not much in excess OF 1oooo snales'
The local dealings again presented a NUM-
Der of conflicting currents.
Thus while the railway list was generaly
firm, with some stocks making new hIsn
records, the shares Of the southwestern
pressure was evident in the dealings in both
Northern Pacific and Great Northern pre-
ferTed. .,..-. ..
Poorly in Comparison.
Current traffic returns Of the southwest
ern lines continued to show poorly in COM
parson with last years earnings. for when
last wears heavy travel to the st. Louis
worlds fair may be partly accountable.
The Rock Island stocks were notably
weak, and during the forenoon what looked
like heavy genuine liquidation was CONDUCT
ed in the common. The recently published
annual report Of the Rock Island system
created a decidedly disagreeable impress
slon but as a general rule the influence OF
documents of that character Is exerted pre-
viously rather than subsequently to theT
publication. There was, however. no other
,1ar,o nf
weakness of the Rock Island securities.
Wall street was disposed to account for
the pressure upon Northern Pacific ana
Great Northern as rejecting liquidation Tor
Union Pacific account.
Anthracite Stocks.
The Anthracite Coal stocks, in striking
advances, were again the leading features
of the railway list, and in the Philadelphia
market Lehigh Valley scored further OK
tensive rise Both Reading and Delaware
and Hudson advanced to new high record
prices, with much attendant talk OF higher
dividend payments on both securities. Inc
Erie issues continued backward, consider
ing the relation of that property to the
anthracite industry.
The local traction issues had taken little
part in the markets general strength dur
ing the forenoon, and shortly after midday
the Metropolitan stocks broke quite badly.
The movement In those stocks was rather
loosely associated with the concern felt as
to the outcome OF the pending political
campaign, although 1t was observed that
the layers of wagers upon the result did not
seem to entertain similar views.
Transactions in the industrial and miscel-
laneouS shares showed tendencies as irreg-
ular as those noted elsewhere. Firm fea-
lures were Amalgamated Copper, American
Locomotive, the United States Steel stocks
and American WOODEN The Corn Products
stocks were weak, and sugar refining lost
the greater part of an early sharp advance.