Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-12-04
MOVE UPWARD TODAY
HIGHEST Prices of the Week
Recorded on Change.
uO EXPLANATIONS GIVEN
Transactions in Stocks Again in
Very Large Volume.
EXTENSIVE RAILWAY GAINS
Money Market Continues Firm and
Active-strong Tone Throughout
Greater Part of Session.
EXTENSIVE RAILWAY GAINS

Ep-cis1 Dispatch 10 The Star.
NEW YORK December 4.-The highest
prices OF the week were recorded In an
Upward movement in the stock market
Today, and there were few exceptions of
significance to the general drift. On the
days rise the average level of the market
was restored very closely to the high
figures reached on November II. Trans
actions in stocks we're again in very
large volume. while those in bonds fell
somewhat below recent averages of ac-
tivity. So far as outside developments
we're concerned. there was not much to
be cited in explanation of the course of
the market
London was factor of only small in
Ruence either in respect of the quota
tons forwarded from the market there
Or the subsequent operations for foreign
account. which consisted Of the pur-
thase on balance of about 1900 shares
The money market continued firm and
sctiVe preliminary estimates of the
principal movements i'm currency during
me week pointed to loss In cash by
The banks OF about $500 900. They gain
I'd on the interior movement of currency
snout as much as they lost on the gold
shipment of yesterday, but. on the other
hand this mornings figures showed that
he subtreasury had gained from the
ranks since last Friday more than
IS. 100000.
Bank Statement Forecast.
As it is likely that the loan account in
ionorrw's bank statement will show a
considerable increase, it would appear
Iairly certain that substantial reduc-
ION in surplus reserves must be reckoned
lpon This prospect, however, did not
appear to cut any particular figure in the
transactions in, the stock market. The
rates for sterling reacted sharply.
Inc commodity markets were generally
lrm- There was little actual news re-
aung to individual stocks except of a
routine character. nor was the gossip
accompanying particular movements of a
very interesting nature.
The stock market opened at substantial
idvances above yesterdays closing nrices
md retained strong tone throurhout
ne greater part Of the business session.
iucn reactions as occurred from time to
line not extending beyond normal limits.
Al quarters of the market participated
the frner tendencies
Local fractions Advance.
The local traction group. notably in the
sase of the PETERBOROUGH Metropolitan
'hares enjoyed substantial advances. The
United States Steel stocks showed a
greater degree of animation than at any
lime during the past three weeks. Other
strong features of the Industrial and mis-
.ellaneous department were Sugar REIN
ng. Colorado Fuel and Iron, Amalga-
mated Copper and American Smeiting.
General, Electric and Consolidated Gas
1uctuated irregularly
The most extensive gains were, however,
scored IN the railway share list. Conspic
ious features there were the Wabash is-
iues, Rock Island preferred, Northern Pa
sf1c and Great Northern preferred, Ches-
!peake and Ohio. Colorado Southern and
Union and Southern Pacific. The anthra-
lite coal shares were comparatively dull
Ehe shares OF the railway companies In
he southern states were firm, but moth
ng any more specific could be cited in
explanation of their course than was DOS
uble in the case Of the market at large