Evening star., 1909-09-03
BULLS IN EVIDENCE
Upward Tendency on New
York Exchange Today.
u. S. STEEL MAKES RECORD
1t Opened Oh 13,500 Shares From
79 to 78 7-8.
GENERAL MARKET IRREGULAR
Inter-Met. Attracted Attention by
It's Heaviness-No Results
From Failure.
GENERAL MARKET IRREGULAR

Snrr.al Dispatch to The Star.
NEW YORK, September 3.-Something
more than mere ante-hoiday stock
.7arke. was witnessed in Wall street to-
day. Business while still in contracted
volume in comparison with the trans
s.ctions last month tended nevertheless
- IN increase of activity. and there was
decided zone OF broader bulishness to
the price movement.
Perhaps the most notable feature of
tie dealings was United States Steel com
mon, which opened wide on 1880 shares
from 79 TO 1875, the first quotation mark
in., new high record and advanced in
The subsequent trading until in the early
afternoon ii was selling a point above
the previous high level reached before
the recent Hartman episode. Through
out the day, as throughout the week, the
stock was absorbed in large lots, and
apparently disclosed a willingness in pow
erful quarters to take it in unlimited
quantities
The market was withal more or less
irregular. 1t opened generally firm, but,
being largely a traders market, was
quickly Influenced by profit-taking sale,
and also to an extent by the tentative
efforts of the bearishly disposed to de-
press prices. Few of the declines were of
anything more than fractional proper
tions, and were exceeded In interest by
the stocks which advanced over last
nights closing figures.
Inter-Met. Is Heavy.
On the losing side the heaviness of the
Intermetropolitan issues attracted, or
should have attracted, the greatest atten-
ton. Apparently it was related to the ap-
pointment of receiver for the Metropol
itan Securities Company. but the connec-
tion of cause and effect was not elucidated
during the day. Apart from the further
activity of minor specialtes. such as
American Linseed. an activity which has
been so pronounced a characteristic of
this weeks market. there was broader
movement in influential issues which
seemed to betoken some confidence for the
future of prices when the stock market
community settles down to work again
next week after its holiday recess.
AtchiSon advanced vigorously, as did
Pennsylvania. The co-called Hill stocks
were very firm and the Rock Island group
was strong. Union Pacific preferred
reached new high price since the epi-
sodlc depression, in which it was such an
important factor 1t was not, however,
market which obviously responded to
news, for the favorable statement of
railroad earnings. such as those made in
the annual return of the Erie. showing
an Increase of S4.Ji6, 10 i'm operating in
come. although total operating revenues
increased only S625,159 and of the New
AoiA ~ 1Viitidi liHtS lOT July. were not
clearly reflected in the dealings.
All Steel Stocks Strong.
All of the stocks of the minor iron and
steel companies, together with the rail-
road equipment issues seemed to be
strong in sympathy with the strength of
United States Steel. The preferred stool,
OF the major corporation moved, by the
way, more in company with the common
than II has been doing of late.
The failure which was announced on
the stock exchange shortly after the
opening was of little consequence in it
self and of no general significance
London was a moderate buyer