Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-10-17
Trade Expanding, but Still a
Professional Tone.
SCALPING WAS FREQUENT
Net Declines Were General Before
.. Noontide.
THE INDUsTRIALs PROMINENT
Dealers Took Their Cue From the Pace
Set by Amalgamated
Copper.
SCALPING WAS FREQUENT
HE INDUsTRIALs PROMINENT
apecisl Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK. October 17.-While there
was a considerable increase In the Voiunie
of business In todays stock Market 'he
trading was again almost wholly OF pro-
fessional character, and active interest coh-
yerged upon a comparatively smail nuihoei
Of stocks The markets tone was mucn
more irregular than was the case yeS'''
and, in fact, advances and reactions 1oi-
lowed upon one another frequently Will
the coufse of the business session.
- Tho davis situation at large held very
little which could be adduced In connection
with the shifting course of prices. AT the
putset the, trading manifested quite con-
siderable degree of animation, and falriy
substs,itfal gains were scored in all quar-
fers of the market Before the close or the
first hour the trading lost most OF the snap
1t had displayed earlier. and so far as the
railway list was concerned most OF the IN
itiaI advances were converted INTO. net oo
clines before the noon hour l.,
Throughout the day actlVe spec ~
}erest centered upon the industrial ana ms
cellaneous issues rather than upon the ran
way share department AmalSamalea Up
per might be designated as the leauei " the
market in all respects, lnaSnuch as t, ~
Xoor traders were more impressed Win the
dealings in that stock than IN any oslleI.
and were disposed to take their cue i'oiii
the dealings in that instance.
Copper Dividend.
The directors of Anna gamated copper
will meet tomorrow afternoon to act upon
The quarterly dividend on the stock ana
chat part of the days discussion winch
was not directed toward the political SIT
nation was mainly taken up with conJec-
tures as to what the decision of the man.
agement of the Amalgamated company
will be. 1t is needless to say that the guess
Work In this direction varied with the move
ipents in the stock market. and that con-
lectures had to take the place OF any au-
thoritative announcements as to the out
bone.
The United States Steel issues were, gem
orally speaking, firm, with the sinking fund
Ave advancing to still another high rec
ord, 1 per cent higher In fact than they
reached on last April's advance. Quite
spirited rise In Pressed Steel Car was based
Upon the belief that the stock would soon
HE movement in that case had mildly
Sympathetic influence upon the other rail-
Uay equipment stocks.
Railroads Irregular.
While showing some irregularity. the
Fraction issues were steady in connection
with the course OF political affairs, but
consolidated Gas suffered on account Of
yesterdays unfavorable decision in the
matter of the enforcement of the S0-cent
p Eas law. Transactions in the railway list
developed no features of special interest.
There appeared to be some selling of
New York Central against the subscription
fights and the fluctuations in Southern
Pacific Union Pacific. Reading, Atchson
st Paul and the other usually active rail-
way shares were highly irregular.