Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-10-08

day, there was great activity, well DIS
tributed, and a general improvement in
prices.
The buying power was in nowise ex-
hausted. but after such sensational
recovery as was made yesterday lit
tie profit taking would be but natural
result.
Moreover, some of the conservative
commission houses were advising their
customers to wait for declines and to
buy on recessions.
Larger Blocks Of Stock.
One of the features of the action was
the fact that larger blocks of stock
came out, so that the chances are that
the total volume of business will be
larger than Thursday, if one may judge
from the early hours trading.
Close observers of market conditions
found satisfaction in the fact that Steel
common was active and hlgher, as they
deemed this to indicate that the Dig
men in the steel corporation DID not
have any fear of the proposed combines
under Messrs. Schwab and Corey, with
other Carnegie boys' also interested.
Colorado FUELS Strength.
The strength in Colorado Fuel was
considered as largely due to the trip OF
]. D. Rockefeller, jr., to the properties
of the company; his uplift efforts ana
the belief that the Rockefellers would
stay in and by the proposition
The rails were laggards in getting
away following the opening. put IN
short time they had made gains, SUB
stantial and good for them. and 1ar
amount of the trades were recorded IN
these stocks. although the lndustrlals
led right through the session
The coppers with one or Two excep-
tions were not as strong as usual
Equipments to the Fore.
Eouipment stocks were to the fore
for substantial advances.
During the first two hours of the
session BALDWIN, Locomotive. which had
advanced 2% from Thursdays close.
slowly reacted, losing most of it's gain.
Westinghouse acted in much the same
way. American Locomotive held IA
gain of a two-point early advance.
Bethlehem Steel, which had establish
evenings close, or at 459. dropped back
to 455. American Can was a point
higher.
Studebaker held better than a point
advance, as did General Motors.
Prices for Rails steadier.
The slow improvement in the buying
of rails was attended with more steadi-
ness in prices than in the case of the
| industrials.
| Southern Pacific gained z. Atchison,
u Baltimore and Ohio. "; New Haven.
"a Lehigh Valley. IL; Norfolk and
Western, " Union Pacific, V Reading
and Pennsylvania, "; Northern Pacific.
| "a, while the less prominent groups
were steady.
| Equipment stocks, like Pressed Steel
| Car, Steel Springs, Pressed Steel Car
and others were firm and averaged bet
ter than point advance.
| Other Industrials Act Well.
| Industrials, other than those men,
toned under the subcaption war stocks.
acted we'll.
! Colorado Fuel rose points. Steel
common advanced 1A to S1% and lost
the fractional gain. Lackawanna steel
/ was up point. Great Northern Ore
was 24s higher although the report
'that the advance was connected win
some proposed connection with Colo
RADIO Fuel was not generally believed
More likely the betterment was due to
the increased demand for ore and the
entrance of enlarged steel companies
f, into business.
Texas Oil gained points and Next
! can Petroleum ".
Market Becomes More Quiet.
/ AS the afternoon wore on the market
became less active until in the last half
Of the second hour trading was slow.
| In the meanwhile there was but little
change in prices. the figures current at
the end Of the morning hours being
prevalent.
Brokers welcomed the lessened activ-
ity, and even spectators were not OPP
posed to taking it easier after the
fierce activity of the last three days.
| In the afternoon rails were dominant.
Reading Getting the pace with a 4h-point
advance. with greater strength in the en-
tire group.
There was a reactionary tendency In
the specialties, Bethlehem setting. this
pace with 20-point decline on the COM
mon and 16 points on the preferred.
Quiet With Reaction.
| In the last hour the market slowed
down and price reactions were more
noticeable
The rails dropped slightly in excess
of " point, War specialties were lower
with special weakness in Bethlehem
Steel. which lost 10 points from high
of the day, and Crucible Steel. which
lost the entire Improvement Of the
morning.