Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-04-10
Price Dealings Continued
Strong and Active.
REFLEX OF THE ERIE ACTION
Southwestern Lines Showed q De.
cided Strength Today.
FIRM TONE FOR FRACTIONS
Reading and Union Pacific Again
the Leading Features Of the
Railways-London Heavy.
REFLEX OF THE ERIE ACTION
FIRM TONE FOR FRACTIONS
Special DISPATCH to The Star.

Special Dispatch to The Star.
NEW YORK, April 1O.-The stock mar
ket continued strong and active today, and
no better or more novel reason was prof
fered for its tendencies than the settle
ment Of the affairs Of the Erie railroad. as
announced Wednesday afternoon. As was
the case Yesterday, the dealings reflected
an increased speculative interest, and
many securities having no apparent direct
or indirect connection with the Erie at
fairs advanced smartly.
The securities of the railroads In the
southern states were decidedly strong. and
a noteworthy advance took place in Louis
willie and Nashville.
Among the industrial and miscellaneous
stocks the most striking gains took place
in Consolidated Gas General Electric and
Westinghouse Electric. Practically all OF
the local traction securities showed re-
neWal Of the very firm tone that has char
acterized the dealings in these issues
throughout the week. Transactions in the
bond market were again active and were
effected at rising prices.
Gains for the Erie Stocks.
Notwithstanding the greater advances
made in other stocks. Reading and Union
Pacific were again the leading features
of the railway share list in point of &C.
tivity. Substantial gains were scored in
all the Erie stocks, Baltimore and Ohio
and Missouri Pacific. From time to time
prices showed hesitating tendency, but
such reactions as took place were so
plainly due to profit-realizing sales that
they attracted little attention. If there
were any further reasons for the general
course Of the market than the Erie set
Element, they were not apparent upon the
surface.
American stocks were somewhat heavy
in the London market, and practically
nothing was done here for foreign ac-
count.
No material amount Of interest ap-
peared to be taken In the outlook
for tomorrow's bank statement, al
though the preliminary estimates point
ed to further gain of more than
cash. OF this sum about one-half was
derived from the net receipts from the
interior. Sterling exchange advanced
further. but the increased prospect OF ex-
ference.
Speculative Sentiment Changed.
The movements which occurred In the
stocks previously mentioned were unac-
companied by any actual news or novel
gossip.
Speculative sentiment appears to have
undergone a distinct change during the
week. consequently liquidation was entire
~ missing and operations for the short
account were virtually suspended.
These circumstances naturally rendered
more effective marketwise such purchases.
whether for manipulative or other rea-
sons. as were conducted.
There seemed to be a strong suspicion
that the Erie settlement and the general
course Of the stock market were designed
with a view Of further active plans In
connection with Union Pacific and I'LL
nois Central finances. but, nevertheless. 1t
was not open to question that the dealings
as a whole showed a renewal In pro-
nounced form Of the general animation
that was noted yesterday.