The Detroit times., 1908-09-02
LIST ADVANCES ON
NEWS FROM
VERMONT
READING, so. PAc. AND ERIE
CONSPICUOUS AMONG THE
LEADERs-GATES SAID TO BE
OPERATING AGAIN.

NEW YORK. Sept. 2.-Wall-st. ex-
pressed It's satisfaction today, N the
result OF the election in Vermont, yes
terday. There have been selling or
ders placed in the market 10 be exc
cuted in the event OF smaller major
ity than $4,000 for the Republicans
ticket. These We're cancelled today
ana buying orders took their places.
The result was further advance OF
the entire list Reading, Southern Pa
cific and Erie were conspicuous among
the leaders. All OF these sold at new
high records for the year. Hartman
brokers were prominent everywhere
and the market continued under the
absolute domination OF the Standard
OH people.
Gates Is Busy Again.
John w. Gates is reported to have
been busy In Wall-st the last few
days. this being his first activity
since he closed out his stock exchange
house nearly two years ago. Mr..
Gates was a buyer OF Brooklyn Rapid
Transit and Reading yesterday and
today, taking these stocks up 10 their
high prices Ii is significant that Mr..
Gates should suddenly appear IL
| Reading after il mas advanced sixty
points from its low level. His activity
has led many persons TO believe that
| II Is time 10 take profits. The Gates
party. however. seem 10 feel thar
stocks are safer 10 buy now than they
were six months ago and that the Dull
campaign is 80 broad and sustained
that the present prices are good
enough for beginning
Expect Heavy Ry. Orders.
Although the steel trust directors
who were reported heavy buyers o.
the common stock ar the time the
trust itself was said 10 have put mil
ions into the marke.. have taken
their profits. other directors anu off,
Gals Of the trust are openly bulllsn
on us shares. They believe heavy
volume OF orders is about 10 be put IN
by the railroads. Canadian Paclhc
advanced slightly because OF me an
nouncement that a stock issue % S50''
GOO 900 would be made. II is under
stood that this new stock will 'e used
in such way as TO strengthen the
position Of Canadian Pacific i!nmed-
lately and at the same time no; IN
crease the capitalization per nile o.
ROAD owned.
London sent over higher prices,
! trading abroad being influenced very
mucn Dy the Vermont tJection..~
On the curb market, Goldfeld Cor
solidated. Nipisssing. La Rose ana
Bay State Gas were the active feat-
ures. Arizona Commercial was ex'
cited under the influence OF washed
transactions inspired by a belief that
there will be a change OF management
MARkET-CLOsE.
Am. c. K f.. Al. Am. Loco, 90, MI
Sugar. g. d. - =. g.: lSa' Am;
e6A, Anal Cop ,s% Ana ISo opp'5
+. & O.. 965. Il. r. Tr. 5Sa cent
Leath. e9is+ Oh. O., 43; can RAJ
iSs. A. ct W SIS; colo. +, -
ssL Cons Gas. l45; DAtil. 80: D. 4 H.
can, l7i7s: - Il Rio Gr- = Erle'
e5IS; do lists. ~ do ends, 81 y ,,r va,
Elec. teiR, Ice 20 =: III; EN- ~
MINI. ST l.. ~ :. ste. NJ ~ NJ, r.
I37a Ncwn., Ga. Mo. Pac.. 90 :, M y
pts SgIs. Nat. Lead. S+&,. Nor. =.
T5la: North W. l6e. North Pa; 80 -
n Y. G. X H.. l05 y ont: W" -
penn. Ie4s. PEG Gas, 20 = IN: o. a.
i2eis T.. Il. car. 34A Rep 81:
40 ma ST. Rock Isl. 1873 do pfd, ~ :, :
81 paul 40 Schlos sSt.. % y Sont sii
pac I0ss. south. Ry.. 20 90 pl9'
= p. :. TIT Is x *
Pac.. %. Union Pac.. lG4l I - >, p o.
io1i4: L :. steel 49,. DO ptn'
n ~ Ia