Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-10-21
Small Number of Stocks
Again Featured Market.
FEW EXTENSIVE ADVANCES
DAYS Volume of Business Substan.
TALLY Increased.
ANTE-ELECTI0N INFLUENCES
Americans Buoyant in London.
Liberal Distribution Of Interest
in Local Dealings.
FEW EXTENSIVE ADVANCES
ANTE-ELECTI0N INFLUENCES
Special Dispatch to The Star.

NEW YORK, October 21.-Today's stock
market was generally. but by no means
uniformly, strong. In fact, notwithstand-
ing the great increase In the days volume
of business, a small number of stocks
again furnished an undue proportion OF
the total transactions. and also enjoyed
the most extensive maximum advances
which were recorded. These were Union
and Southern Pacific. Reading and st.
Paul. Elsewhere the advances registered
did not go beyond the limits which
might have been looked for In any oroi-
narily firm market.
In explanation Of the general tendencies
of the days dealings, there was nothing
to be heard beyond the spr ad of the
conviction that Mr.. Taft's success in the
presidential election November 3 is well
nigh assured. Proceeding on this view.
very heavy and concentrated buying or
ders were sent into the stocks mentioned
above. and these resulted in advances
ranging from one to more than three
points
twithstanding the comparative con-
vergence of interest upon the stocks men
toned an unusually large number Of In
dividual issues were dealt In. and this. OF
course, denoted q more liberal distribution
of activity than has been witnessed in
long time.
Foreign Houses Buyers.
The London stock market was favoraoiy
Influenced by the abatement in uneasiness
with regard to the Balkan situation. and
American stocks were quite buoyant
there Foreign houses were buyers in the
local market upon a much larger scale
than for a long time past. and their total
estimated neigh
borhcod Of 10000 shares.
AS was to be expected. in view OF the
general characteristics OF the days mar
ket and the stated reasons therefor.
there was q considerable increase in the
business Of commission houses. Upon oc-
caSions prices showed the enect of quite
heavy prof1t-realizinz sales. but the hQui-
dation Of this description was quite read
lily absorbed and the market at all times
showed very firm undertone.
As already noted, the prevailing views
with regard to the domestic political sit
uation were held SUFFICIENT to account fol-
the course Of the stock market. and In
fact little or nothing otherwise came In
for much discussion.
Money Market Easy.
Money market circumstances continued
extremely easy and sterling exchange con-
tinued firm without. however. any en-
gagements Of gold for export being un-
dertaken. This mornings figures showed
that the banks had gained from the SUBJ
treasury since last Friday nearly $l750-
600.
With the course Of the afternoon there
was a moderate falling away in respect
Of activity and rather more irFegularity
In price movements. Northern Pacific
was much less prominent in today's
transactions than 1t was yesterday. and.
In fact. the stock exhibited comparatively
sA~
Of the lack of absolute confirmation of
yesterdays positive expectations Of the
declaration Of the NEUTRALITY-SUSPICIOUS. ex-
ira dividend.
The local traction shares were relative
ly dull. and the dealings in the industrial
and miscellaneous issues were In line
with those In the railway list. the
United States Steel shares were firmly
held and cheerful prophecies as to the
statement which the corporation will
make next Tuesday were again current.