Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-11-27
Today's Market at Large IT.
regular, but Firm.
MOVEMENTS ARE LIMITED
Consolidated Gas and Brooklyn
Union Gas the Features.
SOME NOTEWORTHY GAINS
Local fractions Also Active-Strik-
ing Advances in the Rail-
way List.
MOVEMENTS ARE LIMITED
SOME NOTEWORTHY GAINS

special bI>palcn 10 IN"
NEW YORK, November 21.-Features of
real interest in today's stock market were
actually limited to the extensive upward
movement which took place in number
of particular stocks. The market at large
was irregularly firm. but outside of the
securities in question price movements
were not particularly extensive.
BY far the most conspicuous features of
the market were the securities of the
Consolidated Gas and Brooklyn Union Gas
companies. All of these made very note
worthy advances and the transactions in
them were unusually large. 1t could only
he repeated that the animation in those
issues was based almost exclusively upon
the spread of the belief that a decision
favorable to the local gas industries
would he rendered by the Supreme Court
when the bench reconvenes Monday, or at
any rate soon after that time.
Other noteworthy gains in the indus
trial and miscellaneous shares were
noted in North American, the copper
stocks. American Locomotive and West
ern Union. The rise in the latter was
accompanied by reports that the dlvi-
dends on the stock would soon be es-
tablished upon a higher basis than the
prevailing rate.
The local traction shares were likewise
firm and active, notably for Manhattan
railway 1t was announced that the In
ferborough Rapid Transit Company had
made application to the stock exchange
for the listing of $4,000, 600 three-year
per cent convertible notes.
Striking Railway Advances.
In the railway list correspondingly
striking advances to those mentioned
were scored by Chicago and Alton, Della
ware. Lackawanna and Western, Colo
RADIO Southern and Louisville and Nash
vile. Union and Southern Pacific to-
gether with Reading, were. as usual, the
leading features in point OF activity in
that department Of the market
In none of these instances, however
was there any actual news or gossip to
be cited in explanation Of the special ami
nation displayed. Rumors propably pre-
mature. however, were current of some
early announcement by the Southern Pa
cif1c in connection with Its recent appli-
cation to the stock exchange for the list
ing of the new S75.UO.OOO of common
stock. A large number of the railway
specialties also made noteworthy gains.
American shares were quite strong In
the closing dealings upon the London
stock Exchange. after having been irreg-
uiar In the early part of the business
there. Foreign houses were buyers here
upon liberal scale. chiefly of Union Pa
ciffc and Southern Pacific The commod-
ity markets showed no important price
movements.
Money Conditions Unaltered.
Money market and foreign exchange cir
cunistances wer. likewise little altered.
and the continued strength Of sterling led
TO further discussion of the probability OF
exports of gold to Europe before the close
of next week. Preliminary estimates Of
the principal movements In currency dur
Ing the week pointed to loss in cash by
the banks of about $1,000, 900
They lost to the subtreasury on their
operations during the week with that in
stitution more than s.. 500. 900, and the
difference between that sum and the net
loss was made UP Of the excess of cur
rency receipts from the interior over the
shipmS.nts of gold which were made to
Canada.
The volume of business both in stocks
and bonds was considerably below We'd
nesday's aggregate. The bon6. market con-
tinued however, exceedingly nrn