The times. [volume] (Washington [D.C.]) 1897-1901, 1900-10-23

amounting to more than s5o0,000. The re-
ceipts of the week will be nearly S7,Oe0,d00,
it is estimated. This fact seems to make
certain a good bank statement this week.
Call lean rates yesterday were from TO
4 per cent. showing a slightly frmer tend
ency, but there was no fear in any quar-
ter that the rate will be advanced to
above the legal limit The money sjtua-
ton is especially good. 1t favors bull
operations, and it is on this fact that the
bulls chiefly base their hopes of per-
manent advance after election.
The granger securities reflected the
general tendency of the market accurately
yesterday. They opened nigh and held
strong during the first hours of the day,
and then declined to about the level at
the close last Saturday. The Atchison
stocks both made new high price records.
the common getting as high as 81 5-S and
the preferred to 10. The common de-
clined at the close to 81, and the
preferred to "a 12 These two securi-
ties were the best of the group. They
were both bought by shorts and also there
was good investment buying by people
that believe them to be among the best
stocks en- the list. The talk of a dividend
for the common stock is still heard, and
there are people who ought to know that
say there will be no dividend for some
time to come.
Burlington advanced to 129 3-i. and then
declined to 12S 1-2. or half a point below
the opening. Rock Island. after getting IS
high as 100 ga, closed at 100 IA st. Paul
at one time sold at ZIG Ia, and closed at
lie IA. The earnings of the Northwestern
for September were given out and showed
rather serious decrease of $175,36s. This
was expected, however, and did not
dampen the hopeful feeling regarding the
group in general.
Peoples Gas furnished one Of the coups
of the day. The short interest in the stock
has been large and strong. 1t was not dis
lodged to any important extent until yes
terday. In the morning hour the price
was run down to 81 SIS and then there
was a sharp rally to Sc in very few min
utes. At the close the price was "a rs,
showing one of the largest gains for the
day. 1t was said that the Standard Oil
people were the engineers of the drive
against the shorts. This stock is one OF
the few regarding which there is little
bullish sentiment, and it is not believed
by conservative people that any advance
in it can last The company has settled
the gas war, but only by buying out its
rivals. and at a good figure, which must
mean the issuance of new stock in short
time. The purchase price is far greater
than any value received in mains or plants.
1t represents simply another blackmail
against the company. The worst of this is
that many believe insiders of the Peoples
Company itself were party to the black
mail against the stockholders. Aside from
this matter, however. there is the fight the
company has on its hands with the people
OF Chicago. which may end in permanently
lower prices for gas.
The New York traction stocks were all
buoyant. though they did not close the
day at the top prices. Manhattan went to
par and then declined to IS "a. Metro
politan advanced from ISL "a to 162 SIS
and then declined to 1e1 at the close.
Brooklyn Rapid Transit sold at one time
at 50 S-S and then declined to IS 1-2. The
buying OF this group was attributed again
to Metropolitan interests. but the general
commission house buying was large. prob
ably on account of the Metropolitan story
and the recent strength of the group. Some
reaction would not be surprising now, but
some OF the best people in the market talk
very positively Of further large advances
In the near future
Sugar, which has been laggard in the
market recently, was in better form yes
terday. 1t advanced at one time to
124 1-2. gain of nearly three points. The
close was at 123 3-S. The Sugar insiders
were said to be buying the stock.
Pacific Mail advanced to 40 Ia. and
closed at the top. Talk Of railroading the
subsidy bill through Congress in Deem
Der is responsible for the boom.