The times. [volume] (Washington [D.C.]) 1897-1901, 1899-01-28

Yesterdays market was in almost every
respect a counterpart of Thursdays, and
was therefore entirely satisfactory TO the
bulls. Over a million shares OF stocks
changed hands. The first day III this move
nent in which a million shares are not
dealt In will be regarded as phenomenal.
There was a large demand for stock by
the public ali day. and it was noticeable
also that the activity was healthily dis
tributed all over the list There were
casionRl reactions owing 10 realizing, but
The undertone was good throughout. with
little or no indication of pressure. Al q
few minutes before the close the profes-
SIGNALS realized more heavily than at any
time before as has been the
case frequently Of late. But prices
at the close were in most cases
either the same or a little above those OF
Thursday close. The general belief is
that the opening today will be about at
the closing figures, and that prices viii
advance all day in fine bull squirt for the
end of the week The bank statement is
likely TO be excellent, although Il is not to
be supposed that the reserve will show an
increase over last weeks tremendous fig
ures. The bid and asked prices at the
close yesterday were uniformly above the
closing sales, an excellent indication Of
the temper of the market One of the
features Of the day was that a large num-
Der Of stocks made new high records for
this movement.
New York has absorbed an enormous
amount OF stock from foreign holders dur
ing the past Two weeks, as is shown by
the foTtnightly settlements yesterday.
London will. If present indications hold
good, buy these stocks back at figures
considerably higher than they were sold.
The Northern Pacific reports net earn
ings for December 1886. 1886. an increase Of
s63,s40. The earnings for six months
were s. Coz $50. an increase of $i5I ,567
This showing lie In line with all the re
cent statements Of the company-supeTb.
The street IS enthusiastic over the future
OF the company and its stock. and the
prediction is made in excellent quarters
that both the common and preferred
stocks are TO have good advances in the
next few days.
The earnings OF the Southern Railway for
the third week of January show an in
crease OF S3s.3I2; from July l. increase
fi,625, 49,. Delaware, Lackawanna and
Western reports for the year ending De
cember 81 show a deficit of 1868 7i6
against surplus IN 1897 Of SIC. 300 St
Louis and San Francisco reports net earn
ings for December of S22S 967 an Increase
Of sl7,627: from July / TO December 81 the
earnings were 1854 ii4. decline OF $40
ESQ The earnings Of Georgia Central for
the third week OF January show decline
OF SS,l06i from July ] there was an in
crease of sgG, s2s
The grangers have become favorites OF
the street and the public again, after
several days Of inactivity. They were all
bought heavily at times yesterday and
more shares were traded in than AT any
time before this week. The magnificent
earnings statement OF ST Paul seems ia
have directed attention 10 them again. 81
Paul was, however. not the most actiy,
yesterday, having had its squirt on this
statement on Thursday. Rock Island
came into prominence soon after the omen.
ing and was bid up rapidly TO above l22
q new high record. Later the price de.
elined on realizing to around III, the clos,