The times., 1898-11-27

Stcu otoNhc VIII SIM SCH IIiSHcI. tS.JtGldl-
ly the Southern securities.
Mr.. Maynard, of Lewis A May & Co..
is bearish on the market fos the first
time since the advance began. He be-
lieves there is TO be reaction, and ad-
vises selling on all advances He is of
the opinion that there will be selling of
the market generally when the treaty of
peace is signed. He is still builish on the
market regarding its eventual movems Mt.
but believes that reaction must come
after the long advance. Peoples Gas and
Manhattan he advises selling.
The anthracite stocks were strong yes
terday. particularly Delaware and Hud-
son. which went to 100 and closed at the
highest figure. Reading also closed at the
best figure for the day. The first pre-
ferred did not get to Fridays high. The
talk is more bultish on this group than for
some time past 1t seems probable that
the understanding among the roads is
really much better, and that 1t Will result
in higher prices for coal and correspond
ing advances in the coal stocks.
There were numerous denials yesterday
OF the story that the Yanderbilts have
interested themselves largely IN the Man
haitian road. These assertion. were not
credited. however, the general opinion be-
ing that the Vanderbilts are large holders
of the stock and intend to combine with
the Goulds in rejuvenating the property.
The talk of the Stockholder, which was
the paper most bearish on Manhattan
yesterday morning, was generally sup
posed to have a string attached to it
somewhere.
The Federal Steel issues were prominent
in the last hour. advancing rapidly to
81 1-2 and 16 1-2. There were no new de-
velopments relating to the company but
all the talk Of the street was bullish.
1t is interesting to note that Southern
interests are large buyers of Southern
Railway and Louisville and Nashville An
outsider frequently can judge of a roads s
business and prospects more accurately
than people on the ground, but it is al
ways encouraging to note the strong
friendliness of the latter. In this case
Northerners and Southerners are agreed
that the business of these roads is excel
lent and their outlook magnificent The
stockS>of the roads were all very strong
yesterday. They should be bought if there
If any reaction tomorrow on the news
from Paris.
4, Tobacco was weak during most of yes
terday, but at the close there was 4
rally in the stock in sympathy with the
remainder of the market There has been
large selling of the stock by people who
were bullish few days ago, 1t looked on
Friday and yesterday as If considerable
of the stock bought before the recent
closing of the books for voting pur-
poses was coming out. The competition
of the Union Tobacco Company and there
is no doubt that it will be a competitor,
will be bad thing for the trust. The tip
is to sell Tobacco
The earnings statements are almost
uniformly satisfactory. The state
ment of the Northern Pacific for
the month of October is most inter-
esting. The gross earnings for the month
were s3,049,31S, showing an Increase of
S264, ,563. The net earnings were 1,S44, COS,
an increase of SIG, ,643. The net earnings
for the first four months of the year show
an increase of sS7l. OIL .Aa
The earnings of Omaha for the month
of October increased ss6,5A. From Janu-
ary l the increase has been s6a1 ,169. The
earnings of Jersey Central for the same
periods increased $50 800 and decreased SILL
i20 The earnings of the Chesapeake and
ONO Tor the third week of November
show a decline of s7,6s1. Chicago Great
Western for the same period increased
sS.3S6; from July / increased s65.5 C. c.
c. & st. L., second week. declined Sass
Georgia Central, same period, declined 81,
coo. Atchison, July ] to October 81, net
| decline, s2o53es; surplus for interest, 81
9s4,siS, decline 1886; per cent of operat-
ing expenses H2 as compared with 71.23
| last year. Minneapolis and st. Louis
third week, decrease s6oS; from July /,
$66.271. st. Louis Southwestern, same
periods, increase. 500, GOO, and s210, S73
| Wabash, same periods, increase, s31, COO
and sS6S,5oO Louisville and Nashville
| same periods. increase, $50, ,265. and s5s7, ,532
| The bank statement for the week re-
| fiected the liquidation of the period in
| the decrease in loans and deposits. The
| gain In CURRENCY WAS from the interior