The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-09-25
GOSSIP OF VAL STREET.

The net result OF the weeks trading IN
stocks Nas an advance Of nearly a point
In the average price OF the statistical rail-
road stocks The average price Of indus
trials ~ the close Of business Was Just about
The same a. ~ the close last week The net
change In the market A. whole uas thus
very small. vet u Was greater than In any
one 81 the four previous weeks and the
trading was more active. ny contrast with
ihe dull and stAsnant market early In the
month trading Was sufficiently active and
the market sufficiently strong 20 hold ont
some hope ~ Improvement, and AZ the end
~ the week more brokers were advising
a hullish position than az the beginning
one significant change In Wall stree,
sentiment a. noted IN a marked Subsidencs
In the talk of political Developments a. q
market factor. The market was not AZ
all disturbed by the victories otths RooSe-
Welt faction In many OF the Republican
primaries and the steadily Increasing pros
pect that the new nationAlisn- would be
indUr~esl At SARATOGA In fact. there we're
expressions Of satisfaction over thee de-
Velopments IN the idea that n was prefer.
able 10 have q square issue on the new ma
t!onalism presented 10 the voters az the
polls The bitterness Of the strife In the
Republican party also emphasized the prob
ability ~ a Democratic victory In the Con-
GreSsioual elections. and a. was Indicated by
the markets reception - the Maine cleo
ton In the previous week. the prospect Of
a Democratic victory u not az all dreaded.
The bu'le,in Of the american Railway
Association showed a decrease ~ 5000 IN
the number Of idle cars In the fortnight
ended september -. leaving a net surplus
81 5000 on thar day. The decrease VAS
primo pallv due 20 a heavier movement %
grain. which was more than sufficient %
OF ~et losses IN the employment OF coal
cars The number Of idle cars remains much
greater than il customary a. this season
OF the year and n the figures show that 'he
railroad business IL not improving they
demonstrate also that there need ba no fear
OF congestion Of tram such as has heen
costly IN the crop moving season In come
prev ioI- years
According to one ~ thu leading nrrns in
the IRON trade business shows no improve
ment and MANAGERS 81 the furnaces are IA
somewhat Il dilemma They are willlng
To- -all from their sto"ks on hand. u says.
at the present loN range 81 prices relvine
on Their Old orders to average up the prices
OF shipments bIt when these old orders are
out %; the way as most IT them will he on
Januarv o. II v'lI not he pos, HE for many
% tho s,ocssro continue operations ~ any
thing near pr"A' some furnaces are not
likclv 10 rim even ~ Ions A. January un.
less things take turn for the better. Pp-
li'ICal uncertainty seems TO 10 the reason
us4auy assigned for the general apathy.
but q - dificult "a believe that even the
present peculiar political s,tYation " III pro
long much further the laos 81 intereat n
neS enterrrs- that has been manifest for
many months
The most 'n"ourrE ne devslopmsnt IN
the security markets l-s' week was the i'm
provemsn' n bonds Transactions on the
Stock 20 hsngs supplied 4 pleasing con
'ras; with tho-H IA he sr'nm@r months aud
sales over 'he oun'er furnished an even
better contrast 90 the s'agnation OF The
bond bus ness IN tho summer pna OF the
big bans ~ houses 10, q b. known that 70
had sotI $1,000 Ono hond- principally To
other hanh NJ and bond houses and ,ns'i-
tut jons. and ~ Of the bond houses found a
much better demand from individual IN
vestor- On the stock Exchange the mar
ket for bonds 4 splnyed consstent and in
creasinE sirrnrth throughout the week and
prices IN private Transactions were also
much better
Bank clearinE- for the week were greater
than IN the previous week but fell far be-
low the total for the corresponding week
last year They amounted 20 tl.771 .oOo 90.
a. compared WITH 81. 2st. 90 ooH INST year. =
dec r-ase Or l5'S per cent REPORTS from
various se~''on, showed no same extreme
irreguIar.', n business that b., eornmented
upon IN all trad" reports O. n this city the
de- reass from las' wears t"'ai Wa ~ lar
'h~ greatss' T. Il prlnoira'lv n southern
rtils- where 'hs cotton movemNn' has
greatly increased hat enlarged clearings
are reported