The evening times., 1899-11-23

| There was better strength in the Stock
market this morning, as was 10 have bsen
! expected as the end of the week approach
! ed with its probability of a good bank
J statement. The fact that Saturday is to
! be a holiday on the Exchange, on. account
! OF the funeral OF Mr.. Hobart. gives the
! professionals one day less in which TO
manipulate the market. and, Apparently
| they decided this morning that prizes
! would be advanced Immediately il ofd~r
| to discount the statement. Amos the en-
! tire list advanced during the first hou.,
and although there were few important
gains, the tone was noticeably strong.
! Among the railway securities, Southern
Railway. preferred, was the featuIe OF he
| buying. and among the industrials General
Electric and Leather. common. Ir l.
The outlook .or the bank statement
which will appear this week day earl er
than usual, is that it viii show d large in
crease in cash aud also a fine gan in sur
plus reserve. The amount re. eived from
the subtreasury through the bond sales IS
nearly $1,000, Geo, and there has been prae-
tically no money sent to the interior. As
a matter of fact. it is probable that the
balance between Ne~ York and the inte-
rior this week would show in favor OF, New
York slightly. Exchange RATS with Lon
don are getting very close TO Import point.
and it is quite possible that gold may be
received from the other side in the near
future. All of these facts are certainly
such as to fill the bulls with confidence and
the bears with alarm.
Southern Railway, preferred, went to
new high price level this morning. IS 1-2.
1t has never been above SIS before in its
history. Friends of the system have been
predicting this advance In the stock for
a long time and il has come steadily If
slowly. The earnings of the Southern and
the Louisville and Nashville during the
past year have been so fine that semi-in-
vestment buying has at all times been a
feature in their securities. The high price
for cotton is another bull argument because
ii means ail-round and general prosperity
for the South.
Southern Pacific was one of the strong
stocks again this morning, although its ad-
vance was not large during the first hour.
1t went to within an eighth Of A and
seemed quite likely to go above its previous
high price this week If the market is in the
least favorable. The clique in this security
is powerful and able to take many thou
sands of shares as it has shown in the past
month. The gossip of the Street today was
that it may begin operations at any time.
The big boom in General Electric was
continued this morning. the price getting
well above 131 in the first hour The buy
ing of the stock was most confident and it
was said that further advance seemed not !
in the least improbable.
Leather common stock, made an ad- |
vance of more than points in the first |
hour. but the Street has ceased to pay |
much attention to the movements of the |
stock.
More talk was afloat regarding the prob
ability of the Sugar settlement, and per-
haps it was responsible for an advance of |
a point or more in the stock in the early |
trading
Big Four and Chesapeake and Ohio, |
which were so buoyant yesterday, were in
clined to sag trfe during the early part |
of the day. Big Four declined to GO .1-2,
and the other stock went off an eighth. Big |
Four preferred, on the other hand, ad-
vanced point on good buying. This time
the Street is inclined to believe that the
deal between these two systemss Is ION,
certainly and finally, and higher prices for
the securities of both is expected before
they go materially lower.
One of the tips today was to buy the
coalers on any decline.
Washington Stock Exchange.
Substituted States 3s, registered, $500 |
d109 Is; Capital Traction, 30694; Wash
ingtou Gas, 100@56 7-8; Mergenthaler
S@209 IA. 14G210, 10@209 ga,
30G20s 1-2. 10@209 5-S; Lanston Monotype.
25@16. 75@15 rs; American Graphophone.
5@13 Ia; Pneumatic Gun Carriage. 1C0@ |
26 cents. After call-Riggs Fire Insur-
ance, 100G8 7-s; Pneumatic Gun Carriage, |
100625 cents.