The evening times., 1899-09-13

AS was TO have been expected, there
was a rally this morning from the
closing prices of yesterday, gains being
maze in nearly all parts of the lisL before
the END Of the morning hours. The Street
was more hopeful, and the professionals
worked eor turn after the large declines
of he first two days of the week More
assurances were received from the banks
hat no stringency in money for any ex-
tended period is to be looked for, and the
prospect was good that the money rates of
yesterday would not be repeated. The crop
report was considered excellent, when an
alyzed carefully as TO its prediction for the
corn and wheat crops. The figures of the
immense exports OF the country for the
month Of August were received with much
favor. II was suggested that the outflow
of money from New York in the autumn
usually ceases in September. and not long
after the 18th of that month. Notwith-
standing these hopeful matters. however
there are not a few market people who
have been extremely bullish recently that
are now inclined TO believe that prices will
sag again after a rally OF day or two, or
maybe even less. Loans are being called
in. and, although this will help the bank
statement. il will probably restrict specu-
latiOn TO a certain extent The advice
given by conservative people is not TO buy
stock on the bulges. but TO take profits.
The railway earnings for September. are.
so far making the same fine showing that
those OF July and August did. The bear
organs have made it one Of their chief ar
guments against higher prices that earn
ings which have been increasing so gem
erOusly for the past year cannot be eX-
pected 10 do the same in the present year.
1t was stated by che of the chief of these
tn he oil led with inta
ests of Mr.. Keene that the earnings for
July and August would hardly show much
increase. This prediction has been proven
a foolish one and now the September earn
ings also are immense and greatly increas-
ed. The weekly statements of Louisville
and Nashville and ST. Paul were given in
this column this morning Missouri Pa
ciic for the first week of September had
gross earnings OF S536. 900 an increase OF
$4,000. For the period from January 1 the
earnings Of the system have been S17, ,772
164, an Increase of S60S, ,Si5. The Southern
Railway gross for the week was $572, ,931
an increase Of s32.5f3. Since July 1, the
gross has been s5.294. $50. an increase of
more than a half million. Other state
ments are very much of the same charac-
ter.
The New York Traction securities were
active, but somewhat erratic. They did
not keep together in the least during the
morning, the general tendency of Manhat-
tan being upward and that of Brooklyn
downward. Brooklyn went off during the
first hour almost to the lowest price o
yesterday, fraction above lis. There wert
10000 shares OF this stock traded in yes
terday, or something like a fifth of the en-.
tire business of the session. The selling
was tremendous and it was only by III,
heroic eoffrts of Flower & Co. and theil
supporters that il was kept from going al
together TO pieces. Again today the sell
ing was heavy and the same support wa:
called forth. The Street is turning pessi
mistic regarding the stock. Manhattan ol
the other hand was buoyant and before 1
O'Clock had advanced nearly to III. Con
servatiye houses were advising the pur
chase OF il for a turn.
AtchisOn. preferred, was the most buoy