The times., 1899-03-26

Brooklyn especially was buoyant in the
fashion it has set during the last week Its
advance was four points during the day
and nearly five points from the close on
Friday. This, coming at the end of
twenty point movement, made a sensation
on the Street. And still the stock shows
not the slightest sign of weakness. 1t does
not even ''wabble' yet. The advance from
30 made by Brooklyn in the past twelve
months has been one of the finest and
steadiest ever made on the Stock Exchange.
II will be remembered long as a monu-
ment TO the remarkable skill of Mr.. Flower,
who has been at the helm Of the entire
movement. 1t has made this gentleman
millions and his friends other millions.
None of the Flower crowds seems willing to
advise getting out of the stock just yet.
They talk of 1870 for it on this immediate
movement and of $50 later. After that they
are still bullish. AS a matter of fact, the
Brooklyn Rapid Transit system is now in
a position to show wonderful earnings this
summer and to pay big dividends before
long.
The Federal Steel stocks seem likely to
be the next choice of the Flower crowd
for great advance. There was heavy
buying of both the common and the pre-
ferred yesterday, and the common in par
ticular showed disposition to advance
The price was put up in the last hour from
81 to %, and the total gain for the day
was nearly two points. The Federal Steel
stocks in a manner embody the steel and
iron trades in the popular Imagination.
There will be vast public following for
them when they begin to make new rec
ords, and it is not in the least unreason-
able to expect that before the summer
both will have crossed par. The earnings
of the company make large dividends on
the common stock certain within short
time
Atchison was a feature of the day. It
advanced / IA and closed at the highest
price for several weeks, SO IA. During
the entire day there was a steady advance
in price, no reaction Of more than IA
being recorded at any time. This is a
most remarkable record, and is taken to
mean that the buying was OF the best
character The friends nof this stock talk
confidently of so for it during the coming
summer. Rock Island made no new high
record in price, but 1t was very strong
all day and seems ready to begin squirt
of several points at any time.
The granger stocksarwere among the
leaders Of the days advances, Rock Island
being in fact, the deast buoyant of them
point net to 144 5-Ss ~ st. Paul ad-
vanced TO 12s Xand closed at the
top. This price, with the dividend
declared during the week. is, equal to
1870 1-2. If the market advances this week
as is now expected, it seems very probable
that the high price of the stock so far
this year will be attained. Chicago Great
Western spurted to 16 12, quite a re-
markable event in the history OF this
little granger" The strength of the
grangers is considered one of the best in
dications of the genuineness of the market.
The earning of the Peoples Gas concern
are now at the rate of per cent yearly,
and are increasing. The Illinois Legisla-
ture is about to adjourn without doing any
OF the unpleasant things people thought it
might do to the company. This accounts
in part for the great strength exhibited by
the stock of the concern during the week.
A stock on which per cent is being
earned is very cheap at 122, especially
when II has behind 1t such a good friend
as Mr.. Flower. Mr.. Flower up to the pres
ent time has shown much business in his
choice of favorites, and the fact that he is
buying Gas is sufficient guarantee for
large part of the speculative public. The
price predicted for Gas on this move is 130.
the anthracite coalers were among the
deadest stocks on the list yesterday, much
to the disappointment of large following,
which had expected them to squirt when
the New Jersey Legislature adjourned
The general opinion is that they will be
taken up by the pools interested in them
before the end of the week.
Southern Railway preferred was one of
the buoyant stocks of the day 1t reached
81 ga and closed at 81 5-S. The outlook
for Southern is excellent for the reasons
that have been outlined in this column
several times heretofore.
The past week has been an interesting
one in the local Stock Exchange, although
the transactions were not as large or as
important as those OF the previous weeks
this month. The feature of the trading
was the many transactions in Washington
Cas- Metropolitan Railway, Columbia Rail-
way. City and Suburban, and other stocks
of companies now owned by the Crosby
Stevens syndicate or reputed TO be in pro-
cess of absorption by 1t. Prices have con-
tinued high in all these stocks and gains
have been made in some of them. The
street has learned nothing new of the pur-
chase OF the Metropolitan and the Column
bia railways, but 1t is generally understood