The times., 1899-01-17

their magnificent earnings during the past
six months and their certainty of getting
the full benefit of everything good in the
future, there is the Burlington refunding
scheme which may be announced at any
time, and the very good prospects of in
creased dividends for Rock Island and ST.
Paul.
Pennsylvania was unuuestiOnpb!y the
feature OF the market for strength. The
opening was at 13) IL FOR the STOCK and
there was a steady and rapid advance from
that price to 1875, another new high record
| When the selling was at its greatest at
the close there was a recession of point.
During the last hour bid of 1874 for any
| part of 1000 shares showed the kind of
buying that was going on. The stock is
| unqueStionably one of the most attractive
| on the list even at this great advance
The Baltimore and Ohio Railroad has
| purchased large dock at Sandusky, o.,
and will, it is understood, use it as an i'm
| portant coal dock. 1t is understood that
contracts have already been let for the de-
| livery OF million tons of coal for late
| shipment. The street has not dealt in
| the B. & o. securities to any extent for
| two weeks or more. but it is believed that
they may be taken up shortly. People who
| bought the stock in December are holding
| them confidently.
| 1t behooves those who desire to trade in
such a market as this to use more than
| ordinary discretion. Such stock Union
| Pacific common after such a reaction as
! that of Saturday and yesterday seems
! most attractive. 1t is now two points
lower than the high point on Saturday.
! The position of the Pacific roads is among
the best. There is apparently no large
! chance of trouble between Union Pacific
and Northern Pacific 1t is believed also
| that the Alton deal will greatly benefit
| the former road. In the same way the
| Atchison securities look TO be sure of good
advances and the Southern securities and
| Louisville.
| There was talk yesterday of buying by
| Carnegie in Federal Steel. Whatever the
buying was it pushed up the price of both
| the common and the preferred during the
| early afternoon. The common stock went
| TO 30 5-S and the preferred to 81 1-2.
| Later there were recessions from these
| figures, the common closing at 81. There
is some advice to buy the stocks, but it
would seem the better plan at present to
let them alone with the remainder of the
| industrials.
| Manhattan and Brooklyn, which have
been the two sure things" OF the tipsters
| for the last few days were the weakest
stocks on the list yesterday, both losing
| nearly two points for the day. The SELL
| ing in Brooklyn looked much like inside
| realizing. Metropolitan Traction on the
| other hand was one of the strong features.
From the lowest to the highest figure for
the day there was nearly a six point ad
vance and the close was 2 12 points above
the opening. Manipulation of the most
t1tl IL
of the stock and the rapid decline of the
| two.
seat on the New York Stock Ex-
change sold on Saturday for s3l, 900, the
highest price for several years.
There is talk of the probability that
| the Gould properties may be taken up
next. Missouri Pacific, Western Union, and
| st. Louis Southwestern. If the market is
| favorable today it seems probable that
| there may be some movement in Missouri
| Pacific especially.
On the local stock exchange the insur-
| ance stocks are coming into prominence
recently. It is believed by many that
present prices for several of these securi-
ties are too low and that they may be ex-
pected to have good advances next.
| Columbia Fire Insurance sold yesterday
| 300 shares for IL IA. Lincoln Fire In
surance sold 200 shares for 10 SIS.
Mergenthaler sold yesterday at 1s9 3-4
to 190 IL. National Safe Deposit and
| Trust sold for ll5 and lis 1-2.
1t is noticeable that the holders OF Pneu-
matte Gun Carriage are for some reason
not so anxious TO sell out their holdings
| as they were few weeks ago. Yesterday
43 was bid for the stock, which is an ad-
| vance Of - cents in the last month. and