The evening times., 1900-03-19

The beginning of the week N the stock
market was in most ways entirely salts
factory. be railway list generally advanC-
cd well iU price during The first hour of the
day and seemed inclined 10 make better
prices 5,il before the end OF the session.
The traction securities were weak al the
opening with declines averaging from Two
10 four ICintS but before II O'Clock they
seemed inclined 10 react I'M sympathy with
the general list. Business was more brisk
and the buying OF better character
clique and public purchasers being notice
able In addition 10 the covering In an parts
OF the list. London was strong and pur-
chases OF American securities were IN some
volume. The London Spectators are Cp-
timisJic regarding the early satisfactory
outcome OF he BOer war on this side the
better bank statement. the hope hat mon
ey rates viii soon be easy as a result of the
operation Of the new Currency law and the
succession OF bulIish developments during
the past week have produced much the
same feeling. It cannot be- predicted that
a permanent advance will begin al any
particular time. or that any squirt OF
prices such as that OF this morning will
moi be followed by the usual realizing
sales but buying Of the railway securities
on al reactions Is advised
Atchison. preferred. sold quickly at ~
this morning. st. Paul before / o'clock was
at I2I and seemed likely 20 20 higher. Bur
lingtOG sold within fraction OF 12S early
in the day. Rock Island was inactive az
sirst but at a higher level than any reached
recently. This record is an index OF the
railway list generally during the early
trading though perhaps the grangers were
on the whole the most satisfactory group.
Talk IN the Street is particularly optin.is-
Ffs. inc ha fhafr
ings and the prospect of easier money
rates II is said that Rock Island is likely
20 become "a speculative favorite in the i'm
mediate future. n is selling comparatively
lower than any OF the others
The January gross and net earnings Of
the railways OF the country have been com
piled with fair completeness by the Fl
nancial Chronicle. and the showing made
Is said by railway men of experience to be
the best on record. In brief the gro. earn
ings given show an increase over hose )f
January. 1899 OF Il per cent The net
showing is much better, which may be con-
Eidered especially matter St sdrprise in
view Of the general prediction that net
earnings would show falling Of Of some
magnitude on account Of the higher prices
Of materlales. The increase is 2S per cent
Baltimore and ONO common stock was
buOyant this morning with an advance tC
g. in the first few quotations. other trunk
line securities were also well hald up. and
Il was predicted by careful observers that
IN the irst good advance IN prices this
crop will be one Of the leaders. The
recent earnings statements OF New 0OTE
Central, Pennsylvania. and Baltimore and
Ohio have shown unprecedented Increases
IN business and profits. and the close ALI
ance between the interests controlling
these properties makes il certain that IN
net earnings especially there will be a con.
unuance Of this gratifying showing.
Tennessee Coal and Iron deelia ed a the
opening on realizing by people who bought
the stock TO discount the declaration OF
the dividend. Later IL began 10 advance
again in a satisfactory way.
The gross earnings OF the Wabash 10,
the second week OF March show an in.
crease OF S29,466. and since January az
increase OF 81. 6Js. .664.
The Traction securities. as had been ex.
pected. were the weak features OF the ust
at the opening. Brooklyn went to 68 apt
fraction and Metropolitan declined be
low l5S. Much bear talk regarding tn,
franchise law was the cause of the selling
though it cannot be said that much OF h
was realizing on long stock. There was ,
good recovery early in the day.
Washington stock Exchange.
Sales-U. S as. registered. $500
10 ii. Met. r. r. certificate A: S324.ISd
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