The Washington times., 1909-09-15
STRONG STEADY STOCK MARKET
WITH SHARP ADVANCES
THROUGHOUT LIST.

NEW YORK, sept. 15-2 p. NAT this
hour the market is acting splendidly, in
such a manner as TO give the bears
heart disease and they do not seem to
have the courage to attack the list.
The feature is the strength Of the steel
shares and Reading. The former &C
tually made a new high record at 81. the
highest ever. Rending turned 1915, as
compared with 1914 at the close on
Tuesday. Southern Pacific is now 1854.
nearly points net advance; Union Pa
cihc is steady at 2Oa7s and ST. Paul firm
at 1871. The general market is NOV
ing on similarly strong lines and the
confidence in the commission and
brokerage houses is easily reflected in
the list
NEW YORK Sept 15.-WaH Street is
gradually coming 20 the belief that con-
oitions are more promising. that the
alignment Of the big interests OF the
Street in the various properties has
real, and actual harmony in 1t, that
there viii be no disturbance. no fight
for the upper hand. and that all as one
VIII pull for the benefit Of the whole.
This may sound better than Il promises
with those who have been accustomed
TO the stormy seasons Of the past in the
Street; to those who have gone through
the turmoil. the fighting. and the crisis
cross play Of the men who control mii-
lions. Just at present. however, the man
OF. the Street is not any one OF the &C
tive captains TO the commanding gen
eral. who, with his millions always at
command. makes the lesser lights play
his game. John y. Rockefeller is the
boos Of the Street. He Il is who is
counseling wisdom. atSietness. an under
standing. and the wisest observers be-
lieve that complete understanding has
been reached. J. d. Rockefeller is the
one force that none dare cross, and II
he is for peace. then It will be peace.
Following the Frisco disaster the mar
ket did not go bad for ten days Il was
held up by main force. but now it is
different-no one interest may be indie
pendent-and the powers that be do not
want a disturbance of conditions at this
time. when the crop movement Is on,
when prices are admittedly high and
much financing is 10 be accomplished
something that is rarely successful on
a weak market.
Grows Stronger.
The session was marked with growing
strength throughout the entire list, with
Union, Reading. the Hills, Atchison,
Baltimore and Ohio. Sloss-Shehieid
Sugar. Steel, and many industrisls.
The manner in which prices advanced
inspired confidence on the part OF hold
ers Of shares and the steadfastness Of
their holding exerted an unfavorablc In
huence on the bears
There was considerable covering mere
and there throughout the list Between
the hours Of 80 ana 1 the market
displayed a remarkably steady tone.
The price changes in that period were
light and usually in the direction of
increasing strength.
Features were a rise in Sloss-Shefi1eid
from s5iz TO So: an upturn in Steel,
common. to near the old high, the price
advancing from 70js 10 S0A. Sugar
scored a ~ rise. Smelter and Copper
p 1zf7l point better.
II the rails Union Pacific touched
2o4at with scarcely reaction; the pre-
ferred was a point higher st. Paul was
I'D a point, Reading .. Atchison and
Baltimore and Ohio about point
The whole list was strong, the activity
modifying now and then, but never with
any STOW Of let-up n strength.