The evening times., 1899-02-14

l he New 1Ork STOCK market TINS morning
had succumbed to the universal blight of
the blizzard. The transactions up to noon
were small, uninteresting and indicative
of nothing in particular except the general
standstill- When the market emerges from
its lethargy il is still difficult to forecast
what the result of the rest will be. The
grangers were dealt in more than other
stocks this morning as had been expected,
owing to their activity last week. They
were fairly strong. The coal road stocks
were strong. At "a few other places in the
list there was some activity due to local
conditions. bad or good. Rubber, for in
stance, was strong as was to be expected.
| On the whole it seems probable that the
market will be triangular for a few days
with tendency upward rather than in
the other direction. The weak holders let
go last week in the worst of the slump,
and large interests bought stocks. The
bears may take the blizzard as bear argu-
ment and attempt TO hammer the market
| but success for them in this venture does
not seem likely. The bank statement was
not wholly satisfactory, but on the other
| hand its poor features had been discounted
| There is much interest in the granger
| stocks and particularly Burlington which
| had such a squirt last week. On the one
| hand there is still the talk of the refund
| Ing StueIHt anu luS hDfh Ol the pOUI, Dul
| against this is the fact that the storm
must have caused immense losses to the
road. Temporarily very little business can
| be done in the next few months the de-
| struction of cattle on the ranges will be
| felt severly in the traffic of the road. All
| the grangers opened off this morning a
| point or more and in the first few min
utes recovered the loss somewhat. Bur-
| lington, however, was the only one of the
thnf CHI ral
| forward.
Reading first preferred and others of
| the coal road stocks were buoyant in the
| early trading. owing doubtless to the bliz-
zard which will advance the price of coal
and increase the consumption materially
And in addition to this there is again talk
on the Street OF the near announcement
of the deal among the coal roads
Rubber was up points in the first
hour this morning, owing 10 the immense
| consumption of the goods of the trust this
| winter. The people who bought rubber
boots and shoes on their way down town
this morning could understand the force OF
this argument, and many of them bought
rubber stock as soon as they arrived at
| their offices. Rubber has been relatively
much lower than looked natural this win
ter, and it seems probable that a good
advance may come in the stock.
Peoples Gas sold "ex'' dividend this
morning, and the first sale showed a 6ror
from 113 TO 10 and fraction, considerably
more than the dividend of l 1-2 per cent
Later there was some recovery, and by l:
o'clock ii seemed possible that the divi-
dend might be partially recovered before
the end of the day at least. There is
blithe talk on the Street of pool to put
the price of Gas up, but this kind of thing
has been said so often before that the pub
lie will hardly help the movement until il
is well started.
Norfolk and Western sold "ex'' 2 pei
cent this morning, and showed little dis.
POSITION TO recover the dividend. On tn.
| whole, however il seems likely that thi:
stock will be as strong as the general mar
ket and perhaps little better.
National Lead shows a good surplus fol
the past year after the dividend on thu
common stock. There is much talk G.
higher prices for the stock.
Pacific Mail stock will move largely il
accordance with the chances for the sub.
sidy bill, although it is not to be expected
that the stock will decline much even i
the bill does not go through this session
street are holding their mail despite
strong belief now developing that the com
pany will not get into its subsidy for thu
present A brilliant future business fo
the company seems assured.