Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-10-01
MONEY RISE FEATURES
Divides Interest With Stocks
on Change Today.
CHECKS GENERAL ACTIVITY
Market Opens Iregularly With
Strong Tone.
ANTHRACITES ARE AGGRESSIVE
CHECKS GENERAL ACTIVITY
ANTHRAC1TEs ARE AGGRESSIVE
q. S. Steel Continued Industrial
Leader, But Metal Group Featur-
ed With Vigorous Movement.
Special Dispatch to The Star.

II. Special dispatch to The Star.
NEW YORK, October Interest in
Wall street community was more or less
divided today between the money market
and. the stock market. The attention
which was paid to money movements was
rather more strongly tnged with curiosity
than with any other emotion. The atti-
tude of observers was not at all aDpre-
hensive and the stock market itself for
the greater part of the session failed to
reflect any apprehension of untoward de-
velopments in respect to credit supplies.
For that matter the money market was
rather calculated to excite curiosity.
New York exchange at Chicago de-
clined further to so cents discount, indi-
eating an increasing western demand Tor
funds. At the same time $1,OOO,OOO was
deposited with the subtreasury for trans
fer to San Francisco to be exported TO
japan. making the total by the way on
this outward movement to Japan &c.
100000.
There was besides transfer of 500, 900
to New Orleans made through the SUBJ
treasury, and the cash loss by the banks
this week appeared to be heavily in
creased. On the transactions with the
subtreasury alone the loss was $7,O81. 600
up to this morning.
Call Loan Accommodations.
Nevertheless and despite all these facts
and the heavy October interest and divi-
dend requirements. the money market was
remarkably unresponsive.
The bulk of call loan accommodations
on the stock exchange was provided at
3h per cent, and although call money
opened at per cent, neither this fact
nor the per cent rate made late yes
terday had any effect on the market for
time loans.
There was nothing remarkable in yes
terday's per cent rate under the cir
cumstances in which 1t was reached. 1t
would have been more remarkable if Sep
TENDER had closed without such figure.
f. for in only two years in the last fifteen,
namely, 1895 and 1900, has September
failed to record per cent for call money
The time market was just as dull. as 1t
had been all the week. with an easier tone,
II anything. There was less demand and
on the other hand. more liberal offerings.
Barely Affected.
The stock market opened with some ir-
regularity, but with a strong tone which
was only barely affected later by the
opening of call money at per cent.
Throughout the day and until we'll into
the, afternoon stocks pursued an irregu-
lar course and rise in money showed on
the whole no other apparent consequence
than q checking of general activity.
>. Atchisen and United States Steel made
other features of more or less pronounced
strength.
The anthracite coal stocks were ag-
Sressively strong, and the local traction
shares displayed marked firmness. If they
were affected by considerations growing
cut of the political situation the reasons
which strengthened them did not help
Consolidated gas, assuming that the
course OF the last named stock was at
tributable to political developments.
Union Pacific and Southern Pacific, st.
Paul and Pennsylvania were all more or
less under profit-taking pressure, but dur
ing the greater part of the day offered
resistance to sales.
Uniformly Strong.
The Industrial quarter and the miscel-
laneOus issues were more uniformly
strong. The United States Steel issues
were the leaders. of course, but the metal
group. led by American Smelling, Anal
gamated Copper and National Lead, moved
vigorously upward, at some expense, per-
had a sharp rise on the strength of Presi-
dent Taft's ship subsidy speech at Seattle
Some interesting exhibIts or earnings
were made by various railroads. The
Central railroad of New Jersey gained
$134,OOO in gross and $T4S. 900 In net dur
ing August; the Northern Pacific, $1,000
coo in gross and 1854, 600 in net, and the
Pennsylvania. for all lines, gained s., 7O7,-
600 gross and $1,011 COO in net.
The Chesapeake and Ohio reported an
increase Of $35O,OO0 in gross earnings and
$167, 900 in net earnings for the same
month.
Reports were in circulation that the
earnings of the United States Steel Cor
poration for the quarter ended would be
about S3S, 900 900 and would show more