Evening star., 1909-09-02
ANOTHER SLOW DAY
Stock Trading Dull, But Prices
Generally Firm.
VERY FEW EXCEPTIONS
United States Steel Preferred Again
on the Active List.
COMMODITY MARKETS STRONG
Favorable Statements of Earnings
for July Helpful in Holding
Up Prices.
Snecial Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, September , - Todav'a
stock market was very much like yester-
days. The chief points of ference were
that for the greater part of the session
.oday the market was even du,ler, whi. e
prices were uniformly firmer. In fact.
the tone and tendencies on the cen Ta ted
volume of business were such as to in
spire curiosity in the afternoon as to the
position and feeling of the short interest.
which was believed to be extensive. With
the long holiday coming, the price move
ment seemed d stinctly calculated to
cause uneasiness I'm quarters committed
to the bear side, and, indeed. some of the
days transactions appeared to indicate
desultory covering.
Alart from these considerations the
market had very much of an anti-holiday
character: but It must in fairness be said
that it did no. SO exclusively represent
the activities of speci tity pools and the
operations of the room traders as was
The case yesterday. The opening was gen
orally firm at fractional advances, ana
moderately active.
In the subsequent dealings there was
less activity and greater firmness. 1t was
a full hour and mere before number
of stocks which usually figure in the
days record. such as Pennsylvania, Mis-
at all, and in the case of a large nu nber
of stocks. such as Baltimore and Ohio.
Great Northern. Norfork and Western,
Pacific Coas. and Ontario and Western.
the opening sales represented the bulk OF
the dealings. at least until well into the
afternoon.
A Few Exceptions.
1t was a market also which was in
some respects contradictory OF yester-
the American Hide and Leather issues
were aggressively strong. Up to a late
hour in the session there was no dealing
in Brooklyn Union Gas. which emerged
so abruptly and obscurely yesterday.
United States Steel preferred once more
appeared on the semi-active list. Yet.
despite the respects in which the market
interest than the foregoing, or than the
activity of such issues as National Enam-
cling, International Steam Pump and
United States Cast Iron Pipe.
Union Pacific preferred opened up a
point and scored a further gain as the
ses ion advanced United States Steel
common was conspicuous for the large
transactions in it and the extensive rise
which di played aggressive strength were
Atchison, Consolidated Gas, Union Pa
cific. Reading. and st. Paul. Amalgamated
Copper reversed the heavy tendencies
Wn1cn nave GHdIdCCeFlZcu fdt6fy,
the Rock Island issues helped no doubt
by the fine exhibit of earn ngs which it
is making, were strong. There was a
cur.ou ly contradictory movement in the
Southern railway shares, the common
advancing and the preferred declining.
The remarkable rise of Lehigh Valley in
Philadelphia was not reflected here.
Commodities Rule Firm.
All the commodity markets were firm.
but despite the effect which the ex-
traordinarily low condition of cotton re-
ported by the government had on the
cotton market. 1t was without apparent
effect on securities Further favorable
state ments of earnings for July We're add
ed to those already reported. the addi-
tions including the returns Of the Atlantic
Coast Line and the Ontario and Western.
The governments statement Of imports
and exports for July showed an excess
of imports over exports amounting to
s3.1JO. 4O2.
There were no developments of conse-
quence in the money market, which was
firm and dull. The relatively easy posi-
tion of money is. however. indicated trolp
the fact that no disturbance has been
effected by the dividend and interest dis
bursement incidental to this period