Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-10-02
WAR STOCKS LEADERS;
RAILS ARE NEGLECTED
Total Transactions for the Two
Hour Session Approximate
10000 Shares.
WESTINGHOUSE Holds It's Lead
Throughout the Trading, With
Top Price Of 1891.

NEW YORK, October Indications
Of partial cessation Of the weeks
furious activity in the stock market
was seen today. Dealings assumed
largo proportions at the outset. but
halted occasionally, the usual week
end realising causing some Irregular
ity.
Westinghouse was the only war Issue
to display pronounced strength. ad-
vancing to 1881 in the first hour.
gain of 81 over yesterdays close, with
* for the nrst preferred.
The movement Of this stock suggest
ed absorption for important interests
and was accompanied by rumors of de-
velopments favorable to shareholders.
United States Steel. which rose yes
terday to SIX. it's record quotation
since 1911; evtncsd ,aa,s rese1ion sIg
equipment stocks were higher. some
making substantial gains.
Such recent favorites as Baldwin
Locomotives. Bethlehem Steel and Cru
chile Steel. were lower In the early
trading. but hardened later.
Rails and Coppers Backward.
Railroads were again forced into the
background with further heaviness in
Canadian Pacific and some Of the east
ern lines Coppers also lost their re-
cent buoyancy.
Sales in the first hour aggregated
SEQ 900 shares.
Westinghouse held the lead through
out. its sales in the first hour being
steel. At its top price Of 1ssM. West
tnRhorse showed a gain OF 6M. News
that the threatened strike at the COM
pany's main plant had been averted
was q sentimental factor.
Spectacular Stock Movement.
American Car and Foundry became
the second most active industrial. ris-
ing abruptly in the last half hour to
s5, a gain Of eleven points. It's spec
tacular movement was accompanied by
reports that the company had closed
another large contract with the allies.
Bonds were firm.
The closing was strong.
Market Most Active in Decade.
with daily sales averaging 1900. 900
shares, the week in the stock market
was the most active in almost a decade
Speculation in war shares. coppers and
specialties Of all descriptions continued
on a scale unknown since the years Of
tho great Industrial boom.
United States Steel was the foremost
feature in point OF activity. but failed
to make appreciable Roadway until yes
terday. when 1t advanced to SIX. a
small fraction under its best quota
ton since 1911.
Conditions In the steel trade are now
at the stage where producers are able
to pick and choose. as was demonstrat-
ed by further advances in prices Of
finished materials. Similar conditions
attend the copper market, refined m tai
advancing in response to increased
Rails Not in Forward Movement.
Railroads alone failed to take part
in the advancing movement of the
week. despite the publication Of nu-
merous favorable statements Of earn
ings for August. The annual report
Of the Union Pacific railroad for the
fiscal year 1S14-15 was disappointing,
however, in that earnings on the COM
mon stock fell almost per cent.
In the broad domain of finance the
completion Of prelimtnarfes connected
with the Anglo French loan constltut-
ed the outstanding feature. The price
ut which the loan IL to be offered to
the public Is believed to insure its sue
cess, but the effect Of the fotation on
the bond market In general Is prob
lematical.
Rush Of Business Exhausts Clerks.
So tremendous has been the volume
Of trading on the stock exchange this
week that several prominent brokerage
houses announce that they are con-
sidering the advisability Of asking the
board Of governors Of the exchange to
declare q full holiday in order to give