Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-10-20
Today's Dealings on Consider
ably More Active Scale.
INCREASE IN CONFIDENCE
London Reported Dull and General
ly Heavy.
ACTIVE RAILWAYS ADVANCE
Money Market Conditions Unchang-
clustering Exchange Firm.
u. S. Steel a Feature.
INCREASE IN CONFIDENCE
ACTIVE RAILWAYS ADVANCE
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, October 2O-The stock
market was generally strong today. ana
during the greater part of the business
session the dealings were conducted upon
q considerably more active scale IMAM
yesterday. The tendencies of the market
were commonly referred to the sraduai
Increase in confidence with regard to the
outcome of the presidential election. 1t
could hardly be stated that the develop
ments in the present situation of late
have been particularly striking, but new
ertheless the more cheerful and optimistic
sentiments referred to are plainly evil
dent There was little or nothing other
wise to which the strength of the STOCK
market could be referred.
Developments relating to particular
stocks were confined to the statements
of earnings which were submitted ana 10
dividend announcements. there being no
surprises or disappointments In these re-
spects.
The London stock market was dull and
generally heavy. and according 10 the
early cable advices there was little dis
position there to undertake new commit
ments pending q definite solution of the
Balkan question and the outturn of the
presidential election in this country
Foreign Operations Small.
Operations here for foreign account
were upon a very small scale. Money
market conditions showed little alteration
and sterling exchange continued firm
with the prospects rather in favor of en-
gagements of gold for export to Eu-
rope by Thursdays outgoing vessels.
The railroad list showed a number of
advances in the more active shares Of
from one to two points and over. North
ern Pacific continued exceptionally
strong and was quoted at figures which
In comparison with the prices for the
part paid certificates suggested that there
was a good basis for the current rumors
that an extra dividend would be declared
upon the old stock before the close of
the calendar year.
Other strong features Of the railroad list
were Illinois Central, St. Paul, Southern
Pacific and Union Pacific. Reading and
Great Northern preferred. There was
Increased animation also in New York
Central. Pennsylvania. the Erie shares
and Chicago and Northwestern.
Local fractions Affected.
The local traction shares continued
more or less affected by the renewed pres
sure upon Third Avenue. although that
stock showed better degree of rallying
power than was exhibited yesterdy. Pre-
dictions Of a heavy assessment to be lev
led on Third Avenue were renewed. but
in all the circumstances of the case would
appear to be decidedly premature.
The industrial and miscellaneous shares
were also strong with quite noteworthy
advance in United States Steel preferred
Today's forecast of the showing to be
made by the corporation In its quarterly
statement of earnings next Tuesday, were
advanced to the neighborhood OF
$4,000 600
A slight advance in the quotations for
copper metal was naturally mentioned
in connection with the firm tone Of the
copper stocks.