The evening times., 1899-09-27

The stock market opened uncertain ana
dull this morning. Prices showed no par
ticular disposition in either direction dur
ing the first hour and transactions were
few and unimportant There was much
doubt as to the probable course Of Ihe mar
kat as people usually fairly accurate in
their surmises were al a loss as 10 the
likely effect of the continued hIgh r4les
for call money. Soon after the opening
the call money rate began TO climb in
manner wholly unaccountable except on
the theory that there is rank manipulation
Before II O'Clock the rate was al II per
cent and soon after at Is. Mr.. kesne was
quoted as predicting that the rate would
oe run up 10 20 per cent during the day.
and as he is one OF the people that helps
10 make the quoted rate IT did not seem
impossible that his prophecy might be full
filled II should be remembered, however,
that these published rates do not reflect
the prices paid on only fairly satisfactory
collateral by peopls who are careful in
making their loans. Ii is easy to run the
published late up when there is no one
that wants to borrow. Much surmise re-
garding the bank statement tomorrow was
heard and il is significant that despite
these alleged rates for call loans the gen.
eral opinion was that the statement will
be a fairly good one perhaps even better
than that of last week.
OF some thirty or more statements OF rail-
way earnings for various periods published
yesterday and today il is significant that
there was not a decrease in the entire i!st.
The most important August statement not
heretofore published in this column was
that of the Southern Railway. The system
made an increase in net for the month of
SIS0.375. The Chesapeake and Ohio shows
September of s22, $50. The increase since
July /, has been $205, ,953.
An officer of the Anaconda makes the
statement that the company is earning a
million dollars a month. The stock has
been somewhat erratic in the market re-
Gently, and is not regarded as a very good
one TO speculate in by the conservative
element.
The reports OF engagements of gold for
import have attracted much attention ev-
erywhere. Coming as they do when call
money rates are being juggled with to
such an extent they are particularly i'm
portant IL may as well be stated very
positively that gold is never imported for
fun, and that it is never imported at a loss
no matter what the published rates for
exchange may be. The fact that Lazard
side shows conclusiveIy that they figure a
profit in the transaction. Several promi-
nent banks, among them the Bank OF
North America, the Chase Bank, and the
Bank of Commerce, are on record as ex-
pressing the belief that this first notice of
import will be followed by Others 1t is
estimated that the inflow Of the precious
metal is likely to reach TO SIS, COO. 900 or
$40, ,000 600 on this movement.
Brooklyn Rapid Transit was strong this
morning at an advance of two points.
There was again the talk of the control OF
the stock being in the hands of prominent
interests. and tips were circulated that it
is likely TO be put up to par in the near
future.
Atchison, preferred, was strong and soon
reached GO. buying for commission houses
and for professional accounts being good.
The report of the company for the month
of August is so entirely satisfactory that
sentiment is again highly optimistic re-
ha Sfack Other pranppr shares