Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-01-20
MARKETS TONE FIRM
Amount of Business Again in
Reduced Volume.
INTER-MET. STOCK ACTIVE
Striking Movements in Railways
Followed Higher Levels.
NORFOLK AND WESTERN LEADS
Pronounced Strength Again Unac-
counted for by Specific De-
velopments.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK. January 2o.-Today' s
stock market differed in few essential re-
spects from that of yesterday, although
the amount of business was again in re-
duced volume. The tone of the market
was. however, generally firm and except
in a few instances there were no appear
ances of pressure from selling for either
account.
In the early part Of the business ses-
sion the marlborough Metropoltan issues
were. indeed decidedly weak. but they
later rallied in very vigorous fashion,
with "a particularly sharp rise taking
place in the Az per cent bonds.
Yesterdays intimations that the shares
might be assessed for the purpose of pre-
serving the companys equities in the Met
ropoltan street railway system were quail
flied to some extent today by the recog-
milton of the fact that any contributions
by the stockholders would necessarily
have to be of a voluntary character.
Transactions in the AZ per cent bonds
were upon an unusually large scale, and
the stocks of the Interborougs- Metropol-
itan Company were among the most active
features of the days market Third Ave
nue. and Brooklyn Rapid Transit were
practically unaffected by the varying
movements in the Interborough- Metro
politan securities.
Fluctuated Within Marrow Limits.
The Industrial and miscellaneous issues
were. for the most part. firm, notably for
American Cotton Oil and it's more or less
affiliated stocks Western Union and the
Mercantile Marine shares. The United
States Steel stocks were dealt in upon a
fairly large scale. but in common with the
other usually active issues fuctuated
within very narrow limits.
Nearly all of the more striking move
ments in the railway list were toward
higher levels Leading features there
were Norfolk and Western, Chesapeake
and Ohio and the Erie shares. New York
Central opened at sharp rise from yes
terday' closing figures and persistent re-
ports We're current that at todayS meet
ing some new and significant names would
be added to the list of directors. The
stock was. however. little influenced when
| 1t was announced that nothing more than
routine business had been transacted al
| the meeting.
The pronounced strength in Norfolk and
Western was again altogether unac-
counted for by any specific developments
! The idea commonly prevails that large
| interest in the property is being acquired
in the interest of one of the western
connections Of the larger trunk lines. but
actual information in this direction is
unobtainable.
Railway Specialties Strong.
Several of the so-called railway special
| ties showed pronounced strength, cases
| in point being Kansas City Southern
Wisconsin Central and Long Island.
American shares We're quoted at rregu
lar changes in the London stock market
| and operations here for foreign account
continued upon very small scale.
Money market and foreign exchange cir
| cumstanCes showed no material altera
| lions. The banks continue to gain largely
| in their operations with the local sub
treasury and have increase their advan.
tage in their dealings with that institu-
ton since last Friday to more than
81 100000 The days statements of earn
ings and declarations of dividends fur
niSh no surprises.