The evening times. [volume] (Washington, D.C.) 1895-1902, 1900-11-12

There was again a food of business.
wild fluctuations and much exei:em- 1t n
the Stock Market this morning The pdr-
lie was as eager TO buy stocks as it Was
al any time last week Despite immeLse
selling TO take profits and a rush OF or
dcrs to sell short the early trad ng
showed little Indication CT the break
which must come within q very shJrt
item now. Price fluctuations were cratic.
AID Ia one or two instances the tendency
seemed TO be toward lower prices, but
al noon nearly the entire list showed
substantial gains compared with Sat-r-
DAYS close The steel securities we're
buoyant Sugar showed much Wild
ness, but went up more man II went
OF. Peoples Gas and American Tobacco
were advanced handsomely. and the rail-
way list though not so active. showed
much strength and steadiness. II was oat
of the geustion at noon to say IGs- when
the decline would come Many BELIEVED
that before the close today there would
be a recession. Others are confident that
the immense public buying viii over
throw all professional plans and carry
prices on up for several days C0nsery3-
tive people, however. were taking profits
today on a part Of their Lines, at lea t
Stocks will be bought by them again on
any break of point or TIVE
Tomorcow is settlement day In London
and there is reason to believe thai it will
be q most interesting event. One cabled
statement is to the effect that London is
Geo, 0G0 shares short in the American
market, owing TO the selling Of calls 10
America before the election If there is
no break in New York Of importance there
should be heavy buying for that account
which may send prices up indefinitely.
Some financial men begin to talk of the
fear Of tight money" There are few in
dications OF squeeze as yet and appa-
rently there is no reason fer one Money
is coming back from the interior Prob
ably, however, the money lenders will be-
gin to make high rates with or without
cause when they think the market has ad-
vaDced far enough.
Federal Steel, common, advanced to
81 ID early in the session and was IN
large demand At the same time there
was heavy realizing, though il was not be
lieved that tie insiders were selling much
IL any stock. Wire, common, was also
buoyant reaching 4S at one time The
tip supposed to have been given by Mr.
Gates has been that Wire will go to 30
before il breaks TO any extent. Mr.. Gates
predicts much higher level than this IN
The course of the minter. He is said to
De buying the stock and some Of the other
steel issues, though il is entirely probable
that ne made most of his purchases some
time ago
The Brooklyn Rapid Transit figures for
the quarter ending with September have
been commented on heretofore II is said
that the company is still making a much
better showing that it did last year, and
that a good surplus, after all charges is
assured for the present year The gross
earnings have been increased but the chief
matter of importance in the affairs Of the
company is in the fact that it is cutting
down It's operating expenses heavily
though judiciously- The stock sold above
20 this morning The other fractions were
also strong.
Pacific Nail was erratic, but showed a
fair strength. It opened of two points or
SO from the Saturday closing price. Sc.
made slight advance during the first hour
10 around 30, and then tumbied in one or
two quotations to below 80. There was
some recovery from this price which con-
sentative people seemed to interpret as
due to coed buying. The chief item in the
Paefle Mail situation seems to be that an
alliance has been formed by the trans
continental lines 10 give il their Pacific
business. OF course the probability OF an
early passage Of the subsidy Dill is also in
PoEtant.
Bowers & Co. have begun the is
suanee Of daily market letter, written