The times. [volume] (Washington [D.C.]) 1897-1901, 1899-01-27

time on.
Metropolitan Traction was the feature
of the day, though it is certain that not a
great part of the public benefited by Its
tremendous advance. IL will be remem-
bered that this stock was at 1871 on We'd
nesday morning. and that its advance on
Wednesday was to 20S, or II points. Many
believed that the stock would take rest
after this violent squirt, but the contrary
proved to be the case. The record price
yesterday was 800 Ia, making the total
advance for the two days "a points. This
is something better than the best squirt
that even this phenomenal market had
shown in any stock up to this time. New
Workers go wild when they begin to specu-
late in Metropolitan They consider 1t
the greatest property in the world. gold
mine in the streets of New York. Almost
any New York man will tell you that 800
is cheap for the stock.
Brooklyn Rapid Transit and Manhattan
were also strong, apparently in sympathy
with Metropolitan. thought they did not
have anything sensational in the way of
advance.
Pacific Mail was one of the interesting
features of the day. II became known
early in the morning that the Senate
Committee on Commerce would report the
Hanna steamship SUBSIDY ldNOTHDIN, anu
there was continued buying OF the stool;
of the Pacific company during the entire
forenoon. Nearly all of those who bought
yesterday. however, made mistake as far
as the immediate movement of the stock
was concerned. The insiders had been
| informed on Wednesday that the action of
the committee would be taken and had
profited by it. and soon the news
was made public yesterday they began to
all ha rpl Mt tba nd
saw the price fade away during yesterday
afternoon. On the whole. however the
public has been well treated by Pacific
! Mail. The statement was made in this
column and in many others several months
ago that the American policy must have
a fine influence on the stock of the com
pany having a practical monopoly of the
Pacific business. The stock was bought
on this generally circulated advice in the
| 30s, and it has been held by the thou
sands of shares since that time Wash
| ington has been especially fortunate. 1t
| is believed that more stock of the COM
pany is held by Washington spectators
| than anywhere else outside OF New York.
| There is every reason to believe that
| Pacific Mail will sell much higher than its
present level in time, but quite probably
it may be neglected for a few days now.
Lake Erie and Western gross earnings
for the third week of January show Il
decrease of 1913. From January l the
decrease has been $l0,S5S. Evansville and
| Terre Haute third week decrease 81 900;
from July l increase s12.S62. Evansville
and Indianapolis same periods increase
$3.50. and decrease 1884. Atchison net in
| crease of earnings for December after
taxes and rentals. $S0i ,3iJ. St Louis and
Southwestern increase OF earnings from
July /, $3l9S2l.
There has been much bull talk of the
prospects of the ST. Louis and Southwestern
securities recently. As shown in the earn
ings statements above, the company has
| largely exceeded its previous earnings for
the last half year. Reports similar to This
have been coming in from the company
regularly. and they have attracted the at
tention of some of the most careful fnan-
cial people in New York. 1t will perhaps
be remembered that attention was called
TO these securities eight months ago in
this column At that time it was pre-
dicted that there would be an excellent
advance in them all during the year that
was TO follow This has been well verified
already but ii seems probable that with
the general market in its present COlGi-
tlon rapid squirt may come at any time
in any of the stocks. The common is very
cheap and looks an especially good buy
for those who like to secure loS-pricGd
stocks outright.
The Pacific securities were attacked with
some severity yesterday afternoon. and
lost all the advance made by them earl r
in the day. They seem to be good for a
recovery today il the market is in the
least favorable.
The local stock market is not as active
this week as might be expected. in ref c.
ton of the tremendous buying of securi-