Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-12-09
RAILWAYS ARE ACTIVE
So.CaIIed Specia|ties Score
Extensive Advances.
GREATER IRREGUlARITY
Considerable Increase in the Volume
of Business.
UNION PACIFIC A FEATURE
Industrial and Miscellaneous Groups
Contributed Some Gains-Ameri-
cans Heavy in London.
GREATER lRREGULARITY
UNION PACIFIC A FEATURE
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, December 9.-Broadly
speaking. the dealings in today's stock
market preserved the improving tenden-
cies which characterized the trading yes
terday. There was, however, not only a
considerable increase in the volume OF
business. but also a greater degree OF
irregularity than was observable then.
There was again noted an active interest
In those stocks which have been the lead
ers of the market practically for twelve
months past, and Union Pacific sold at
prices higher than any yet touched on the
current movement. Such stocks as South
ern Pacific. Reading and st. Paul were
also decidedly firm.
On the other hand. nearly all of the
really extensive advances in the rail-
way list were scored in the so-called
specialties. Leading features in this re-
spect were Wisconsin Central. Toledo. st.
Louis and Western. Colorado Southern.
Norfolk and Western. Chesapeake and
Ohio. the Wabashes and the Chicago and
Alton.
Unusual Animation.
greater degree Of animation was also
evinced by the trunk line stocks. Balti-
more and Ohio. New York Central and
Pennsylvania all showing unusual activity.
The local traction issues cut little figure
in today's transactions.
Certain members Of the Industrial and
miscellaneous groups likewise scored
noteworthy gains. although a firm tone
was commonly displayed by that quarter
Of the market. Extensive advances were
noted in National Biscuit, Cast Iron Pipe.
preferred; Distiller's Securities. and West
arY1 min he r-fA ~Iv Ify-{l
the last named stock was advanced from
one-half per cent to three-quarters per
cent. and the companyS showing of earn
1ngs for the current three months was a
highly satisfactory exhibit. Reports were
In free circulation previous to the an
nouncement Of the increase in the divi-
dend on Western Union as to the action
which would be taken. and the stock sold
on quite sharply upon the event.
q. S. Steel Firm, But Quiet.
The United States Steel issues were
firm. but comparatively quiet. Uncer-
tafnty as to the decision of the supreme
court In the eighty-cent gas stock. For
the most part. however, transactions in
individual securities were unaccompa-
MED by actual facts of Importance or
gossip of interest.
American shares were heavy in the
London stock market, in common with
the other departments there, but the
operations here for foreign account on
balance showed trifiing net results
The rates for sterling exchange ad-
vanced quite sharply. SO extensively, in
fact. as to lead to revival of discussion
as to the likelihood of further exports of
gold with the course of the week.
Money market conditions for the various
terms of accommodation showed no es-
sential alteration.
Price movements in the commodity mar
kets and the general developments re-
1ating thereto were not sufficiently impor-
tant as to constitute an influence in the
transactions in securities