The evening times., 1899-02-06

Up 10 noon today the stock market had
stood up under the news from Manila stuT-
dily. with even tendency TO advance IN
large part OF the list. The opening was
off about SIS from Saturdays close on
realizing by weak holders, but Immediately
there began a rally which more than equal
ed the opening decline Later there was
another decline. and then another rally,
and appearances suggested strongly ihat
If no further news from Manila came in
the day would end with gains on the eX-
recitation of a quick ratification of The
Peace Treaty. There was good buying OF
Atchison preferred and other stocks which
are supported by strong pools, and IL seem
ed probable that the leaders had decided
10 support the market. II this Is dGHe
there need be no fear OF lower prices. eN-
cept momentarily. Notwithstanding lhis
aspect of the situation. however. II can
not be disputed that the new complication
has large possibilities for the bears which
may be utilized by a raid at any time.
1t would seem the better part OF Ialor
for weak holders to get out of the market
at the best figures possible and await de-
yelopments.
The action of Atchison preferred was no
table At u O'Clock heavy buying had ad-
yanced the price of the stock TO point or
more above the opening. and Flower and
! his friends were apparently still buying.
The best houses in the Street were bullish
on the stock.
New York Central was as strong as il
was on Saturday. and had an advance 20
the highest price since the break two weeks
ago. There was no news on the Street re-
pardine the property Canada Southern
and Northwest were also strong. and the
| suggestion made is still that the Street be-
| lieyes in the ultimate consummation OF the
| Vanderbilt transcontinental system IL
| seems quite probable, however that in
any reaction New York Central in particu-
| lar may tumble rapidly.
| The earnings of Southern Railway, an
! nounced this morning, We're equal TO and
| even better than the expectations OF the
| friends of the stock The increase for the
| fourth week of January was $4,000; for the
| month. SIT 600. and for the period from
| July sl710,0 900. With such showing
| it is confidently that the stock Will sell
| much higher Immediately, unless some
| thing very serious happens in the Phiilp-
pines. And under any circumstances II IS
| not TO be supposed that there will be mucn
| reaction.
Metropoiitan Traction was very strong
| again this morning with an ADVANCE OF
| three points. a part of which was lost
later Brooklyn Rapid Transit was weak
The earnings of st. Louis and South
| western for the fourth week of January
increased $4,000; for the month increase
| s21. 900. The earnings of Norfolk aHd
| Western for the week increased S5S,S6s
| for the month 1856; from July l. in
crease s22s, 300 The earnings of st. Louis
and San Francisco for the week increased
s25. 600; for the month increased $4,000;
| from July l increased S12S,O0O.
The talk of the Street is that Louisville
| should have an advance from the price OF
this morning, which was point or more
| off from Saturdays best figures. The
| earnings of the road show up magnificent
ly in the statement of Saturday with it's
| great surplus.
| Pacific Mail was one of the buoyant
stocks, apparently being affected little by
! the Manila news. 1t is possible that the
| expectation of more use of the ships of
the line by the Government may have
| heIned the stock