The times., 1899-01-18


Below are given prices of the grangers and
of one or two other stocks which have
been especially prominent during the last
few weeks The first column gives the
high quotation in 1881 and the second col
umn the high price yesterday. 1t will be
seen that despite the present talk of very
high prices there is room for large ad-
vances before the old level is reached
- burlington ACKNOWLEDGEMENTS. 10 lS34
St. faul Observation-Disclosures. l2gA 1853
Rock Island ........ l4GI9 llgIa
New York Central ...... Ij5 l25ss
Missouri Pacific .................. I1Ii2 i5i4
The earnings of Kansas City, Pittsburg
and Gulf for the second week of January
show decline of $4,000: from January
the decline was 1851. Great Northern,
second week January decline, 12.g3S;
from July l, increase $3.50. 900. Pittsburg
and Western, first week of January, in
crease $500: from July !. increase $32. .0OO.
Rio Grande Central. second week January,
decrease, $500; from July /, decrease
s55, goo
Central Pacific was one of the strongest
stocks on the list yesterday afternoon.
The move was unexpected, especially while
the remainder of the market was reac-
honary. 1t is said that il was engineered
by Flower brokers, who were large buyers.
Southern Pacific, on the other hand was
weak, declining nearly two points. Hunter
Cooper Co. have ceased operations in
the stock for time at least, and do not
advise buying it for the present.
There was a strong squirt in Chicago
Gas yesterday from 109 IS TO 113 Ia
Later heavy selling sent the price off
over two points and the close was near
that of Monday night. Flower is buying
the stock and it gives indications of being
% mr. lTv
The Alton deal is said to be still under
consideration and, in fact. very near con-
summation. Union Pacific is understood
TO be expecting to reap considerable bene-
fits from the deal. Both the Union Pa
cific stocks were weak yesterday, but
there is confidence expressed by the in
siders that they will be among the quick
est TO advance after the reaction is over.
II is denied that there has been any
friction between the Federal Steel Com
pany and the American Steel and Wire
concern. II is said that neither company
intends to encroach on the field OF the
other in any way. 1t is officially stated
that large majority of the shares of the
various steel and wire companies have
been deposited under the agreement en-
tered into for the organization of the new
American Steel and Wire Company. The
time for deposit expired yesterday after
noon.
There was quick upward movement in
Tennessee Coal and Iron yesterday, 80 Ii
being reached. No news to account for the
advance was given out.
a somewhat notable feature of the mar
ket during the past few days has been the
refusal of Pacific Mail TO decline with the
general list at any time. There has not
been the rapid advance in this stock that
has been predicted by nearly every mar
ket authority. owing probably to the desire
of Mr.. Huntington not to have too much
of boom in it while the Hanna subsidy
bill is before Congress. Strength during
times of reaction is, however, almost as
desirable as rapid advance when every
thing else is going up, and especially If,
as seems probable in the case OF Pacific
Mail, the advance will come later. There
has been very large buying of this stock
in Washington, much OF it by people from
the Capitol. and these holders do not sell
out at small advances or recessions.
Pennsylvania and Panhandle were very
strong yesterday, and especially the latter
Mr.. Carley. who has been the chief factor
in the advance of Panhandle, in addition
TO the merits of the stock, is understood to
be still advising its purchase. II is said
that he is buying Pennsylvania heavily
also.
The local stock market was notable for
the amount of business done. nine different
shares having been traded In for total
of over $40 900. This is one of the best re-
cent days and thus one OF the large days
in the history of the exchange.
One hundred shares of Mergenthaler
We're traded in at 1s9. This price is the
highest since the declaration OF the dlvi-
dend and there seems disposition to put
the price up rather than down.
The trust company stocks are tending
upward in price. nearly every transaction
in them showing an advance. American
Security and Trust sold yesterday at 10.
Washington Loan and Trust at 142, and
National Safe Deposit and Trust at lie.
Capital Traction stock shows 4 slight de-
cline from the prices recently prevailing.
There is the belief in well-informed quar-
ters that the price will advance considera-
bly, as the period for the next dividend ap-
proaches and especially if there is any in
timation that the dividend rate is to be in
creased.
No sales of Electric Light took place on
the board yesterday, but it is understood
that the new people in the field, whoever
they are, represented by Messrs. Barross
& Lewis, the brokers, secured some stocks
at private sale. The offer of these gentle
men to take all stocks offered at 15l bet
ter price than the Norris syndicate price
is creating much interest on the exchange.
Washington Stock Exchange.
Substituted States Is, coupon: s2O0O@