Evening star., 1909-02-11
UPWARD TREND TODAY
London's Buoyant Tone Stim-
uIates Local Prices.
C0NSOLS' SHARP ADVANCE
Dealings in Stocks and Bonds on
Larger Scale.
RAILWAY LIST WAS STRONG
fractions More Active and Stronger
Than for Some Time-L. & N.
and Coast Line Leaders.
RAILWAY LIST WAS STRONG
Special Dispatch to The Star.


NEW YORK. February ia further
rise in prices in the stock market today
was in great measure attributable to the
fairly buoyaut tone which characterized
the dealings upon the London Stock EN-
change Sentiment there was apparently
enthused by the feeling that the political
situation in Europe had greatly improved
by the most recent developments in the
Balkan states and by the visit of the King
o! England to Berlin. At any rate. con-
soils scored "a further sharp advance and
practically every quarter of the stock
market was exceedingly strong. Follow
ing upon the higher range of prices for
American shares forwarded from London,
houses with foreign connections were buy
ers In the local market of upward of 3o.-
600 shares, an unusually large amount for
these times The Bank of England rate
OF discount was left unchanged at , per
cent and the banks weekly statement
was a fairly strong exhibit.
In addition to the influence eXerted from
London a factor of weight in the local
trading was the improved aspect of the
so-cailed Japanese question resulting
from the most recent action taken by
the legislatures of the states upon the
Pacific slope. Otherwise there was little
ar nothing of general Importance in the
days situation.
Further Rise in Bonds.
Notwithstanding the forthcoming holi-
days upon the stock exchange the deal
ings both. in stocks and bonds were con-
ducted upon much larger scale than
Tuesday or Wednesday. In the bond
market a further extensive rise was re-
corded by the Wabash -Pittsburg terminal
bonds. which were also exceedingly act
I've.
No significant alterations were noted
in money market or foreign exchange
conditions. Little interest was expressed
in the outlook for the bank statement
Saturday. Preliminary estimates of
the principal movements in currency SO
far this week indicated a loss by the
banks of upward of $4,OOo0Oo caused
briefly by the exports of gold to South
America and the return of governmt ut
deposits, The banks gained about S.
100000 on the interior movement of cur
rehcy.
The railway share list was strong with
few noteworthy exceptions. Louisville
and Nashville and Atlantic Coast Line
scored noteworthy advances. and other
extensive gains took place in Chesapeai
and Ohio. Union and Southern Pacific,
Southern railway. Delaware and Hud-
son.. Illinois Central and the Wabash
stocks.
Offer of 500 Property.
Official announcement was made of the
offer OF the 500 property to guarantee
under Tertain conditions 4 per cent divi-
dend rate upon Wisconsin Central pre-
ferred.
The local traction stocks were mere ac-
tive and stronger than they have been for
a number of days.
With, the rather striking exception of
Peoples Gas. the industrial and miscel-
laneous issues We're likewise firm. Profit
taking sales and, according to some re-
ports. the liquidation of the holdings of
recently embarrassed firm, were men
toned in connection with the exceI tional
weakness III Peoples Gas
Notably firm stocks in this department
of the market were International Har-
vester. Sugar Refining and the American
Smelling shares. The United States Steel
stocks were likewise firm, but were reia-
lively dull.