Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-11-02
Prices Advanced Extensively
in Every Department.
ALL CHARGED TO POLITICS
Important Statements of Earnings
Among Features.
MONEY MARKET MUCH FIRMER
Effects of Economizing Shown In
Comparisons Of Financial
Exhibits.
MONEY MARKET MUCH FIRMER
Snerial Dispatch to The Star.


NEW YORK. November 2.-It will be
Recalled that on Saturday the stock mar
Bet was unfavorably Influenced to a mod
crate extent by the uneasiness superficial
~ excited by Mr.. Rockefeller's public in
dorsement of Mr.. Taft's candidacy. There
were today not evident any vestiges of
the concern in this direction then evident.
The betting odds against the democratic
candidate heightened and the stock mar
ket advanced extensively in all depart
mentS.
Some of the gains recorded would have
rendered the dealings worthy of more pro-
tracted comment had 1t been possible to
assign any other reason for market move
ments aside from politics. The days
situation included. indeed, a number of
matters of interest. including some i'm
portant statements of earnings. dividend
announcements and somewhat firmer
money market, but none of these was &C
corded much attention in view OF the con-
vergence of interest upon tOmorroWs
election.
The statements of earnings which were
published made. as was to be expected,
quite mixed exhibits. Comparisons fur
nished with the corresponding period of
last year were naturally more favorable
than those contrasted with earlier months.
but in all cases the effects of economic
ing were apparent.
1t could hardly be said with truth that
the changes In the political situation over
Sunday. set forth, at all events, in
the newspaper forecasts. were particu-
larly striking or that they tended to en-
phasiZe the chances in favor OF any of
the leading candidates.
Trading on Smaller Scale.
Notwithstanding that fact, 1t was evil
dent from the general tenor of Wall
streets discussion that Mr.. Taft's election
was taken as assured, and Wall street
proceed to back its ventures accord
ingly. In fact. some of the largest buy
ers of stocks avowed their intentions to
carry their commitments over tomorrow.
presumably on the theory that the an
nouncer,ent of Mr.. Taft's success would
bring with 1t a large volume of buying
orders. Trading was conducted upon a
somewhat smaller scale than of late. and
was of the professional character which
II was reasonable to expect In view OF
the controlling circumstances in the case.
The London stock market was closed
today. but nevertheless q number of or
ders on both sides of the account were
received by houses with foreign connec-
tions. A large number of these firms
will keep their offices open all night to-
morrow for the purpose Of executing or
ders In London previous to the opening
of the New York market.
Leading Railway Features.
The leading features of the railway list
were Union and Southern Pacific, st.
Paul. Reading. Great Northern pre-
ferred and Northern Pacific. Notwith-
standing the concentration of interest
upon the political situation, there was a
revival of the rumors of the early decla-
ration of an extra dividend on Northern
Pacific.
The traction shares were steady and the
miscellaneous and industrial stocks
showed large number of advances cor
responding with those exhibited by the
railway list. The gains in that quarter
were greatest in Consolidated Gas, Gen.
eral Electric, American Cotton Oil. West
Amalgamated Copper. Copper metal rail-
lied further and the decision in the eighty
cent gas litigation expected erelong
from the Supreme Court at Washington
was accounted responsible for the upward
movement in Consolidated Gas.