The Washington times., 1909-10-30
DAYS GAINS.

NEW YORK, oct 50.-Close-The open
ing was attended with some Regularity
and an inclination on the part of the
market toward slight reeessions- At no
time was there anything approaching
weakness, the understone was good and
the slight reaction was due largely TO
the timidity Of some holders as TO the
bank statement and a disposition TO take
profits. The market has been decidedly
favorable to the bulls for some time,
and they have been Sc well satisfied
with underlying conditions in the BUSH
ness world that they have shown no dis
position 70 get out.
The attendance Of room trades and
SPECTATORS as well as Of Snembers of
the Exchange in their familiar haunts
was lighter than usual. The Vanderbilt
race has drawn many from business.
At no time was the trading on a large
scale, but there was a steady, moderate
business in the leaders and 6 well dis
tributed record in minor securities.
Nothing is heard on the Street of the
friction between large market interests
that was so commonly rumored a week
ago. and the suppositiOn today is that
Morgan and Rockefeller interests are
united 20 hold prices close to the pres
ent range In the event of aid being
necessary The change in sentiment in
a week has been very marked
The spectacle Of Morgan engineering
the Copper deal for Standard OIL people
is not indicative of any misunderstand-
ing between the great moneyed inter
ests. Moreover, Hawley-R Moore
have been good buyers of the Morgan
secuTities-the whole situation seeming
TO indicate perfect understanding.
Money Easier.
Pools operating here and there are
much encouraged by the fact that the
financial interests are more inclined TO
favor a bull market and by the promise
of easier money. IN addition 10 the
return Of Southern money, some West
ern crop funds are returning. and this
is taken 10 mean that conditions In the
money market Will be decidedly easier.
The further fact that rates eased DIT
Yesterday, when November 0lsDufse-
ments amounting to about $lOJ,0o0,oJJs
are 10 be cared for. also encouraged
operators. Much of tins lafge sum VIII
find its way back into the market IN
the near future
Rates Today to IL Per Cent.
The early declines averaged about Y
point About Il o'clock there was a
little frmer feeling, and in the next
few minutes declines were largely re-
covered only TO be followed a little later
by another setback, no more serious
than the earlier losses
There were many exceptions The
best strength OF the session was IN St
Paul, Rubber the Hills, New YORK
Central, General Electric. and Consoll-
dated Gas The table of gains Will IN
dicate the extent OF the strength IN the
favorites. The rise Ia Consolidated Gas
Was due to short covering. BroOkly u
Rapid Traction also made gain. Rub
ber's advance was Important, and those
on the aside expect some official an
nouncement in the near future
The Southwestern stocks showed good
tone. The equipment shares were rea-
sonably strong Locomotive is tipped
for q sharp advance In the near future.
London closed Irregular, with the
promise Of a holiday Monday. Tuesday
VIII be a holiday in this city, and much
OF the selling today was by operators
who VIII be out until after Tuesday.
In the last few minutes OF the session
Union Pacific showed pronounced weak
ness. going of TO 291ass or rs points.
York Central gained Is, and Chesapeake
and Ohio a like fraction. Katy was
rather weak. Denver was very nIm,
gaining T.
Copper and other metals showed about
Y net loss Republic Steel was an eN-
ception, gaining y point.
Steel common opened Z higher, at 59Si,
broke to S95s, and remained the greater
part OF the session around 90 TO SOS.
The preferred held = gain