The evening times., 1899-04-15

The stock market during the short ses-
sion today was strong and showed small
net gains all over the list. There was some
realizing and the advance was not as large
as had beeen expected. especially when the
bank statement was issued and proved so
favorable. Notwithstanding some disap-
pointment over the lack OF pronounced
buoyancy however the day was unques-
iionably a bullish one, and good close OF
good weeek. The industrials were the
most active stocks on the list. but the
grangers the coalers and the Vanderbilt
stocks, and in fact all the railroad list, with
few exceptions, were strong.
The bank statement follows: reserves in
creased 81, 452. 700; loans decreased $lo,
200: specie increased $sS2. 400; legals IN
creased 81 S4S, 700; deposits decreased So
4s6, 400; circulation increased Sl9,4VO. 1t
will be seen that this statement is by far
the best since the winter statements with
their decrease OF reserves began, three
months ago. The best statement hereto
fore has shown slight decrease in the re-
serves An increase of nearly four and a
half millions in this item shows very
much changed condition of things and a
radical stand by the banks for safety The
tremendous decrease in the loans shows
the same thing in another way. The banks
have in fact called in their loans and re-
tfused TO make more on the industrial
shares. An increase in money is thus also
| shown, although the deposits have fallen
off largely However. this item does not
trouble Wall Street. as it is known that the
banks and the money lenders have plenty
of money TO lend IL they wish TO. The
small ioaning rate during the past three
days shows that this is the fact
The Street is inclined to look forward
hnn fpeAi-
iugs. There was slight advance in most
stocks after the bank statement app ared
and then in the last ten minutes of the
day a small decline. which left prices for
the day only fractionally above the open
| ing in most stocks. This. however. cannot
disguise the fact that the money rate is
likely to be favorable next week. With
| this to hook forward to and with the eject
| on the public of the bank statemen, the
market critics predict good opening on
Monday and higher prices during the day.
Manhattan and Brooklyn were the fea-
lures of the day. although neither had
much gain as a net result of the days
trading Brooklyn advanced to lSi In the
early trading which, with the rights
worth between and g. made the quota
| tion nearly equal to 140. There was ex-
cenent buying of the stock all day and
some very good selling also. but the best
| opinion in the Street is that the price
will go even higher next week. Inere was
no advance in the stock after the bank
statement appeared the general public
apparently wishing to take its large pro-
fits over Sunday.
Manhattan was somewhat dull until the
| bank statement appeared when there was
an advance of two points nearly to l29 in
a squirt of five minutes duration. 1t seems
probable that this advance was on buying
bv one firm alone as there was a recess
! sion as soon as the large amounts OF stock
ceased coming out. The entire gain OF the
spurt was lost before the close. The buy
| ing was good however. all day, though not
sensational and the stock seems likely to
have a spurt in the next few days. The
| hest people in the Street are advising to
buy 1t.
| During the last hour there was spurt
| in the coalers which was entirely unex-
| pected and is now not readily accounted
| for Delaware and Hudson started the ad-
vance with a spurt of five points to 123.
| Ontario and Western went to 12S, Reading
| first preferred to 81 and the others of the
group followed the lead of these stocks.
| After a spasmodic advance for ten min
utes the entire group fell back nearly or
quite to the old level. This movement,
| however is. of course, not without signih-
| canoe in view of the general expectation
| that these stocks will have good advance
! in the near future.
| Colorado Fuel and Iron was one of the
features Of the market apparently in SYM
| pathy with the big advance in Tennessee
| Coal and Iron yesterday. The price was
advanced points and although there was
some decline from the highest level the
close was . good net gain.
Tennessee Coal and Iron failed to make
any new high price today. but held the
advance of yesterday very well. The pre-
dictions are still very bullish regarding
| the immediate future OF the stock. The
| talk on the Street today was that the Mo-
| bile and Ohio and the Southern Railway
are negotiating with the company for the
purchase of its railroad properties. and
it is also understood that the Mobile and
Ohio is to be in much closer relations with
the Southern in the future. Mobile and
Ohio was very strong this morning.
Atchison advanced nearly to 81 and held