Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-08-31
So-CaIIed SpeciaIties Featured
the Days Dealings.
FEW STRIKING MOVEMENTS
Southern Pacific Scored New High
Record.
INDUSTRIALS LED IN TONE
Local fractions in the Notable Ad-
vances-operations for Foreign
Account Showed Excess
Of Sales.
INDUSTRIALS LED IN TONE
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK. August 31.-The most
striking movements in today's stock mar
ket were those which were recorded In
number of the so-called specialties In the
various departments. The usually active
stocks huctuated irregularly and during
the greater part of the business session
within comparatively small limits. Still.
1t Is to be noted that Southern Pacific.
which for the past fortnight has been
one of the most conspicuous features of
the dealings, scored today a new high
record.
Generally speaking, the industrial and
miscellaneous shares showed a better sus-
tanned tone of strength than the railway
list Striking gains in that department
were noted in Westinghouse Electric.
American Smelling. National Lead. Colo
RADIO Flel and Iron. General Electric and
CONSOLE .ated Gas.
Naturally the Consolidated Gas con-
vertible per cent bonds accompanied the
stock in it's upward movement as the
privilege Of conversion has another four
months to run, and before its expiration
it is probable that the litigation in the 81
cents selling price matter will have been
settled in one way or another by the Su-
preme Court at Washington.
The steady rise in Consolidated Gas
stock naturally denotes the spree j Of the
belief that the company will be upheld in
its contentious.
Local fractions Permanent.
The local traction shares also furnished
some Of the days most noteworthy adj
vances, especially in the instances Of
Third Avenue and Brooklyn Rapid Tran
sit
With few exceptions. however, the deal
ings in the stocks mentioned were unac-
companied by any particular considera-
tions except Of a technical nature. Tho
irregularity of the stock market, especial
~ in the early part Of the day. appeared
to be due in large measure to the execu-
ton of exceedingly heavy selling orders
for the account Of single commission
house It was commonly suspected that
the activities Of this Arm were connected
in some way with the affairs Of the con-
Germ which suspended a week ago last
Saturday, but, naturally. there was no
way in which this idea could be sub
stantiated.
Operations here for foreign account
showed an excess Of sales. but were not
upon a sufficiently large scale as to at
feet the general market materially.
Firmer Tendencies.
The local transactions showed a decided
contraction in respect Of activity. but as
may be judged from the foregoing observ-
atoms. an unusually wide diversihcation
OF speculative interest was exhibited.
Broadly speaking. the transactions after
the noon hour showed firmer tendencies
than were displayed previously.
Money market and foreign exchange
conditions showed little alteration and
movements in the commodity markets
were comparatively sluggish.
There was a good deal OF discussion
with regard to the outturn of the state
elections in Vermont tomorrow, although
apparently the varying views in that re-
spect cut nothing more than a small fig
ure In the dealings In securities.