The Washington herald., 1912-09-05
MARKET ACTIVE;
TAFT COUNTED OUT
Vermont Election Thought to Pre-
sage Democratic Victory-Bull
Moosers Confident.
INCREASING RAILROAD TRAFFIC

New York, Sept. THE stock market
was more active early to-day. but after
the early trading grew dull as prices
hardened. Many of the commission
houses reported an increase in orders,
but practically none of them reported
any new accounts, and on the whole the
market was as professional as 1t has been
on recent days.
Opening prices were somewhat irregu-
lar, and during the early trading quota
tions sagged of, with the greatest de-
clines scored in the specialties. The re-
suits of yesterdays election in Vermont
were generally interpreted as presaging
the elimination of President Taft from
the Presidential race, and while Bull
Moosers went even further and asserted
that the full strength of the colonel was
not disclosed in yesterdays election for
Governor, the conservatives in and out
Of Wall Street found considerable COM
fort in the size of the Democratic vote
cast They argue from this that the
colonel in November is not likely to
make much of an impression upon the
solid phalanxes OF a united Democracy.
However, there was no rush OF out
siders to sell securities this morning as
the result of yesterdays results. and
this rather discouraged those bear opera
tors who had sold short yesterday on
the assumption that such selling might De
precipitated this morning. Because IL
was not. therefore. they were prompted
to cover and the demand for stocks that
resulted caused a partial recovery from
the low levels OF late yesterday after
noon. In the final trading. however, the
tone turned easier again, and closing
prices were not far from yesterdays.
with gains and losses about evenly
divided.
steel and Iron Up.
That shorts could be SO easily run TO
cover Is but a continuing argument Tor
the thinness Of the current market
The foreign markets were unfavorably
affected by the early heaviness here.
though Americans in London recovered
before the close on covering. The home
DEPARTMENTS, however. were depressed
bv the decline in consols, which closed a
the lowest French rentes also declined
sharply in Paris.
Among the favorable developments OF
the day were a number OF good tramc
and loading reports and the announce
ment OF higher iron and steel prices. The
governments weekly weather report
showed favorable conditions in the corn
and spring wheat belts. but a lack OF
rain in the cotton belt. Wheat was
ports Of frost from the Canadian North
west. Cotton was strong on further re-
ports OF hot. dry weather damage and
little prospect OF early precipitation
Liverpool cables became strong during
the early trading here.
The preliminary figures Of St Paufs
and Puget Sounds July trafiics show
good increases IN net. St Pauls gross
business expanded s7l6.0o0 over a year
ago and Puget Sounds S2Ss,ooo St Pauls
net increased S59e O00. and Puget Sounds 5
SlO.,O CO.. Missouri Pacihc's August re-
turn shows an increase in gross of ss13,-
"a and Cotton Belts an increase OF Sl23, =
O0s Louisville reported an increase in
gross Of s2lAi@7 for July. but a decrease
in net OF SlGS. ss6
The New York Central and the Bur.
lington reported a record movement OF
loaded cars during August. The Atchi-
son also reported a heavy increase in the
number OF loads moved along its lines
Generally speaking. however. the trans