The evening times., 1899-01-14

The stock market week closed with an
other great day. probably the largest Sat
urday IN the history OF the exchange. and
certainly larger than hall a million shares
Prices opened at large advances over the
close yesterday ard IN almost all eases
continued 10 90 higher all day. The bug
ing by the pubic was enormous and IL is
doubtful If all orders We're filed by 4 COOL
many. There is no comment 10 make on
the situation except that there is no iudi-
cation OF weakness anywhere and that
everything points 10 a continuance of the
advance next week. There is nothing il
the outlook, apparently, that can turn the
tide of buying. II Is certain that the room
traders cannot. As a usual thing a few
thousand shares sold by the professionals
Will start heavy realizing by the public
and at times even make large break
This time the traders are QOweTless. IL has
been one OF the noticeable features of this
movement that the traders have been the
only losers. They have expected break
for many weeks and ii has not come. They
have either sold out OF everything and
failed to profit by the advances they
have gone short and made actual heavy
losses. Now they are coming around 70
the bull side themselves. There viii be
an end 10 the bull movement sometime. Of
course. but many Of the most careful psO-
pie in the street have gone over from the
bear to the bull side during the past week
and advised buying.
The continuance Of the great boom in
the grangers is one of the best features
of the market situation. There were ,ex-
celleut advances in them all today and
new high records were made. IL Is q fact
that new records have been made by the
grangers on five days during the past
week. Burlington opened at I32 today,
nearly two points above the close last
night and yet closed al 133 with another
point gained for the day. Rock Island,
which closed last night al I16. opened to-
day al III, and hung around that figure
all day, closing at 116 81 ST. Paul closed
the day with an advance OF point
around 125
There was much buying of Brooklyn on
a generally circulated tip that il would
go to par before the e-Ose- Instead CT this
il opened two points above the close last
night and then went down steadily
day and closed lower than yesterdays
close at 81. II seems likely that the ad
vance TO par may ccme in this stock al
any time probably when few are expect
ing il. But this is no good Jason why
anyone should buy the stock when the
grangers and other standard stocks much
less subject to manipulation are going up
steadily.
The Atchison securities were very strong
today after rest Of three days. The pre-
ferred went to IS, a new high record for
the stock and the common was almost as
good. The advice generally given is still
to buy them.
Southern Railway was one of the fea-
lures of the market with much strength in
in both. The preferred almost touched 30
after an advance Of points and the COM
mon was round Il. The sudden interest
in these stocks is phenomenal IL can on
ly be explained on the v.Ty probable sup
position that the public. familiar with the
merit Of the road, and expecting an ad-
vance at any time, has been waiting only
for move The advice has been TO buy
Southern common and preferred for many
weeks.
Louisville refused to move with the re-
mainder of the m2rket today though it
went up fractionally from the opening.
There were several large buying orders for
the stock and it is certain that a move
ment may begin at any time. The posi-
tion OF this read is as good if not better
than Southern. In fact the conditions of
the two systems are very similar in many
respects.
Sugar showed some strength. 1t has
been quietly creeping up from the low
price of early in the week.
Pacific mail is disappointing a great food
of buyers who have been expecting il to
have sensational advance for many
weeks.
The bank statement today was excellent
in every way. There was a large in
crease in reserves deposited and almost as
great an increase in loans. The figures fol-
! low:
J Reserves increased 81. 1872, 700: leans in
| creased s3.04S, zee; specie increased $i.742.-
| 50O Legals increased 81, 200; deposits
| increased, SS,924 goo; circulation decreased
! $3.50, 100.
Washington stock EIcnnnye-
| Regular call-Metropolitan r. r. Con-
l