Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-01-27
RAILWAYS FEATURED
ReverSion of Interest to the
Big Properties Today.
SOME EXTENSIVE ADVANCES
Sharp Movement in the Denver and
Rio Grande Issues.
WABASH SHARES PROMINENT
Local fractions Again Dull-U. S.
Steel Sluggish-Americans
Heavy in London.
WABASH SHARES PROMINENT
Special Dispatch to The Star.


NEW YORK. January 27.-The success
I've transactions in Colorado Southern.
Wisconsin Central and that announced
yesterday in Chesapeake and Ohio have
undoubtedly lent a great deal of interest
TO the position of the other smaller and
Independent railway companies. and 1t Is
In the shares of such properties that
speculative interest Is now the keenest.
Most of the more extensive movements In
prices of late have been in the stocks of
that description. but in today's market
there appeared to be reversion of in
terest to the stocks which were previously
the leaders in respect of strength and
activity.
Still a number of the so-called railway
Specialties made extensive advances in to-
days dealings. The Gould stocks can
scarcely be included in that classification.
but they were today all decidedly strong,
with a particularly sharp advance in the
Denver and Rio Grande issues.
All the Wabash securities were again
prominent. as was Missouri Pacific. Union
and Southern Pacific were more cOnSpicu-
Gus In the transactions than for some
time. and both were strong. Other note
worthy features of the railway list were
Atchison. New York Central. the Rock
Island stocks, Norfolk and Western and
Chesapeake and Ohio.
The early movement in New York Cen
trail was accompanied by. even If 1t may
not have been actually based upon, ru-
mors that f. III. Hartman would shortly
be elected to the board of directors. This
report was verified by official announce
ment early in the afternoon, and the
stock reacted. Otherwise news and gos-
sip attending the transactions in this
quarter of the stock market were
meager.
The local traction securities were un-
usually dull during the larger part Of
the business session.
Few Features Of Interest.
Transactions in the Industrial and mis-
cellaneous stocks developed few features
of interest. Consolidated Gas enjoyed a
sharp but indifferently well sustained
rally. Substantial advances were noted
in North American. the Allis-Chalmers
shares and American Car and Foundry.
The strength of North American was
logically based upon yesterdays resump-
tion of dividend payments on the stock
The United States steel stocks were slug
gish. although there were no grounds for
surprise at the showing made by the cor
poration in its quarterly statement made
public yesterday afternoon.
The London stock market was once
more Influenced by uneaSineSS with re-
gard to the political situation in south
eastern Europe and American shares were
heavy there in common with the other
departments. Foreign houses were again
sellers here upon a small scale.
Money market and foreign exchange
conditions remained upon the recent levels
and little attention was accorded to the
withdrawal Of 81. 100000 in gold coin from
the subtreasury for shipment to South
America. z-
The volume of business both in stocks
and bonds averaged up to recent scales
of activity.