Evening star., 1909-02-26
STOCK TONE BETTER
Material Curtailment in To.
days Volume of Business.
ADVANCES ARE RECORDED
Metal Shares Recovered Losses in
Early Trading.
INDUSTRIALS ARE FEATURED
Americans Strong in London-Rail
way Favorites Enjoyed
Extensive Rise.
INDUSTRIALS ARE FEATURED
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, February c6.-There was
material curtaiment in the volume OF
business in securities today in both
the stock and bond departments of the
market. but on the other hand, except
for a fit of weakness in the shares of the
metal companies in the early part Of the
day, the dealings exhibited a decidedly
firm tone. In the several departments of
the market advances ranging from frac-
tional limits TO upward of three points
were recorded, and apart from the already
mentioned pressure upon the metal stocks,
there were few exceptions to the general
course of prices.
Even such stocks a. Amalgamated Cop
per, American smelling and National
Lead recovered wholly or in part the
losses which were registered in the early
part of the business session. The United
States Steel shares were firm and active,
although it does not appear any substan-
tial Improvement i'm trade conditions has
recovered from last week readjuStment
in selling prices.
Consolidated Gas and Brooklyn Union
Gas both scored substantial advances,
aud. probably in sympathy with the
strength of the United States Steel issues.
Republic Iron and Steel. Colorado Fuel
and Iron and the railway equipment
shares were steady.
bfOohINn Transit 1uTOlSnoO tne
bulk of the transactions in the local trac-
tion stocks and showed considerable ami
nation, based ostensibly on the notion
that the public service commission would
uphold the right of the company to charge
ten-cent fare on its lines to Coney
Island.
Extensive Railway Advances.
The most extensive advances in the
railway list were those noted in Union
and Southern Pacific Wisconsin Central
preferred Reading, Atchison. Louisville
and Nashville and Atlantic Coast Line
The strength of Union Pacific was ac-
companied by reports that the forthcom-
ing monthly statements of the Hartman
lines would again show heavy increases
IN net earnings, corresponding with those
set forth in the statement of the Atch-
ison company yesterday. Otherwise NO
news OF gossip of interest accompanied
the transactions in the railway list.
American shares were strong in the
London stock market and for the first
time during the week operations here for
foreign accounts showed an excess of
purchases. At the outset of the market
foreign houses sold fairly large amounts
Of Amalgamated Copper. but were buyers
in greater quantities of other securities.
Some Improvement in the industrial situ-
the general strength of the London stock
market, In which ,consols participated to
a noteworthy degree.
Striking Rise in Wheat.
A further striking rise in wheat prices
had little effect on the stock market, not
withstanding the increasing interest in the
outlook for the years grain crops.
This mornings figures of the transac-
tions between the banks and the sub
treasury showed a loss to the former of
more than s12UO,OOO, caused by the return
of government funds under the latest call
of the Secretary of the Treasury.
The banks gained largely, however, on
the interior movement of currency and
material alteration was noted in money
market circumstances, Notwithstanding
the fact that today was practically the
end of the business month.
The prospects for tomorrow's bank
statement excited little discussion.