Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-09-18
Reading Was the Feature OF the
i Days Dealings.
SALE OF B. AND O. STOCK
Erie Common and Delaware and Hud-
son Active.
IT,
THE RAILWAY LIST SAGGED
Industrials and Miscellaneous Shares
&c
Furnished Best Part Of Transac-
tions-Copper Advanced.
SALE OF B. AND O. STOCK
THE RAILWAY LIST SAGGED
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, September 1S.-The tacit
acknowledgment by a banking house close
ly associat ted with the affairs OF the Union
Pacific and Pennsylvania railroads that the
block of Baltimore and Ohio stock which
they recently took over from the Pennsyl-
vania was under negotiation for sale to the
Union Pacific Company was the most strfk-
ing news OF the day. Information to TINS
effect has been held In well-informed quar-
tiers for some time past. but until TO-DAY
there has been no open avowal OF the fact
All Of the stocks concerned were active
in todays stock market. but they moved
irregularly and were exceeded In point OF
ANNA ton by a number of other issues.
Reading was easily the leading feature OF
the days dealings. that stock scoring one
OF the extensive upward movements that
has previously characterized It's history.
A sharp advance was noted also In Read
ing second preferred, and the movement In
the latter naturally set on foot reports that
It was to be retired under the terms pro-
vided for in the reorganization OF the COM
pany.
Other striking features of the railway list
were Erie common and Delaware and Hud-
son. Price movements for the most part IN
that quarter Of the market were. however.
irregular. the general list showing sag
cling tendency after opening well above
Yesterdays closing figures. The Industrial
and miscellaneous shares furnished large
proportion Of the days total transactions;
and many extensive advances were scored
in that department Of the market.
Announcement was made that a special
meeting of the stockholders OF the Tennes-
see Coal and Iron Company mas peen caIieo
for October 10 to act on the proposition to
increase the capital stock of the company
from $50 OOO. 900 to 100000. and this IN
telligence was succeeded by rapid ad-
vance in Republic Iron, and Steel the view
being taken that the new stock would De
utilized for the purpose of taking up the
common stock of the Republic Iron ana
Steel Company. No official statement was
made. however. with regard 10 tne ne, acIu .i
purposes of the new stock issue. the rail-
way equipment shares were all active, with
substantial advances In Railway steer
Spring American Locomotive and Ameri-
can Car and Foundry.
Copper Prices Advanced.
Another material advance in the selling
nrtces for copper metal was announced. but
neither Amalgamated Copper nor Ana
conda Mining were unduly conspicuous In
the days market. The Brooklyn Rapid
Transit and the Interborough Metropolitan
Stocks showed greater animation than for
some time past
In the International monetary situation
the most striking development was an ad-
vance of half per cent to per cent In the
discount rate Of the Imperial Bank OF Ger
many. That circumstance apparently had
been taken for granted in London, and the
stock market there was not materially IN
fiuenced. The local money market con-
tinued active. rates for call loans ruling
during the greater part OF the day between
8 and per cent. Sterling exchange was q
shade lower, and there were some local
Indications that additional amounts of gold
were under negotiation for import.