Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-02-08
GENERAL FIRM TONE
Strength Followed Early Pc
riod of Uncertainty.
SOME STRIKING ADVANCES
C. & o.. N. &. w. and Reading in
the Limelight.
LONDON GENERALLY FIRM
Money Market Unchanged From
Last Weeks Average Levels.
Industrials Moved Forward.
LONDON GENERALLY FIR
Special Dispatch to The Star.

Special Dispatch to The Star
NEW YORK. February S.-The volume
of business in the stock market today fell
we'll below Fridays aggregate, but on
the other hand, after an early period OF
uncertainty. a generally firm tone devel-
oped which in some cases resulted In ad-
rances Of from one to two points. There
were indeed few exceptions to the gener-
ally firm tone of the market covering the
greater part of the business session, and
these appeared to be of no particular Sig
nif1cance On the ether hand, direct ex-
plantations of the generally firm tone and
Of the particular strength in a number of
issues were quite wanting.
In the railway list the most striking adj
vances were those noted in Chesapeake
and Ohio, Norfolk and Western and Read
ing. The last named stock has been
rather notably heavy In comparison with
The general list for some time past and it
was the general idea that in connection
with its previous tendencies a considerable
snort interest had been created i'll the
security. At all events there no
other gossip accompanying the animation
in Reading and no actual news whatever.
The Supreme Court being in recess,
there was no opportunity TO disseminate
reports as to the ruling OF the bench upon
the NEUTRALITY-SUSPICIOUS. commodities clause
OF the Hepburn amendment to the inter-
state commerce law.
japanese Question.
In the case of other stocks there were
in circulation in the Wall street neigh
borhood and in certain publications ru-
nors and tips" of various descriptions,
but obviously these do not require recital.
Although there was no apparent change
either for better or worse in the general
aspect of the so-called Japanese question
that matter figured less prominently III
the days discussion and at any rate
was less of a market factor than it ap-
peared to be Saturday. Japanese bonds
continued strong i'll the London market
but their rise was again based upon the
reported unification of the government
debt.
The London stock market was generally
firm, with some irregularity in the Ameri-
can department.. however. and the small
operations here for foreign account show
ed an excess of purchases of about 5000
shares. The money market continued
firm on the average levels prevailing at
the close of last week, and the rates for
sterling exchange reacted quite sharply.
Sharp Rise in Wheat.
A sharp rise in wheat. based upon re-
ports Of excessively cold weather in the
northwest. was without any perceptible
influence In the dealings IN securities.
The industrial and miscellaneous shares
We're firm in common with the railway
list, and noteworthy advances were
scored by Peoples Gas, American Smelt-
ing, National Lead, Amalgamated Copper
and Sloss-Shcffield. The United States
Steel issues were dull, but steady. Brook
lyn Rapid Transit was comparatively
firm, but very little was done elsewhere
in the traction group
The revival of animation in Reading APP
peared to be partly responsible for the
renewed strength, and activity in Union
and Southern Pacific, which long moved
more or less in unison with the first
named stock. New York Central and
PENNSYLVANIA We're rather less prominent
in today's transactions than they have
been of late.