Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-05-04
TRADING IS ACTIVE
Prices Throughout List of
Stocks Show Advances.
BULLS COME INTO POWER
Railroads Of the Northwest Evi.
dence Great Strength.
LONDON Is BUYING HEAVILY
International Issues Taken Up in
Big Blocks-Increase In
Local Cash Purchases.
LONDON Is BUYING HEAVILY
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, May 4.-The bulls on
stocks came into their own today. AFTER
4 vigorous opening, in which prices al
yanced throughout the list from good
sized fraction to two points or more
trading continued in fairly active pro-
portions during the morning without
single recession OF moment and with
marked gains in some OF the standard
issues.
The railroads Of the northwest were
especially strong, apparently In anticlpa-
ton of q favorable government crop re-
port OF that section within q Few days
Great Northern preferred, Northern "a
cific, ST. Paul and the Hartman Pacincs
topped the rise, with gains averaging IA
points. ,..c-
ed upward one and half points eacn on
the initial transactions and lost notnng
i'm subsequent trading, while Reedlng;
Chesapeake and Ohio, Brooklyn RAPID
Transit. Rock Island and United states
Steel continued their opening figures or
over a point advance above last night $
close. A., a..
hour and more was the continued heavy
buyinS by London. Arbitrage brokers
1obbled up the international issues IN
big blocks, the sreatter ri part hous OF ~ concern
ed, are headed toward large purchasing
interests on the continent
Many Bonds Sold.
II is believed that more than $SO.OOOOoo
worth of bonds have been taken by Tor
eiSn buyers in the last few days. In al.
aition. there was q considerable increase
,p cash purchases by local firms. indicat-
ing in the mind Of the confirmed optimist
that the real ruler of the stock market,
the bona fide investor, has arrived IN
Wall street in force.
evil import to overcome when business
Commenced, and there was considerable
that was good. The strength of the Lon
don market was cheering ana .ne . aspos.
showing nothing but increases In tneii
earnings acted as a boomerang on those
bears who had counted upon similar re-
Dorts to those given yesterday.
The conversational chaos over the rail-.
road bill had spent its force as far as
Immediate stock market import Is con-
cerned, because the state Of AFFAIRS In
day afternoon The fear of continue
ton of gold exports to London was re-
moved for . period that il considered in
most quarters to be more than tenn
porary by the violent break which the
foreign exchange market experienced in
the opening dealings today on the heels
of a sharp fall after closing hour yester-
day afternoon. The market was fairly
demoralized at first, but subsequently re-
covered in part. finally remaining steady
ct q full cent below the figure OF week
ago.
Cause Of Decline.
The decline was attributed to the
Withdrawals of American balances
abroad because of higher money rates
here and also on account OF the heavy
h.,~y 70
Call money wavered between ~ and
AZ The commodity markets showed
little change. Wheat fell on slightly
after reports of heavy rainfalls in the
Kansas belt were received, while cot
ton continued steady after a small ini-
tial advance.