The evening times., 1900-01-22

The stock market was noticeably strong
all the morning, but stil Inclined 20 The
Inactivity that was its chief characteristic
last week. Prices opened up fractionaIly,
and during the morning hours advance d
steadily 10 the highest prices in several
days. Brooklyn and Sugar were b. b
strong, Brooklyn getting above - and
Sugar above ll9. On the other hand the
railway list, generally headed by the
Sfangers. Was almost buoyant Burlington
getting as high as l24 IN the first hour.
Rock Island to 107 Is, and ST. Paul 10 1fg.
MISSOURI Pacific advanced 10 A. and other
Pacihc Issued were above Saturdays pric-
es- lhere was some commission buying
and some clique buying, and al time. il
looked quite probable that the day might
sec a stampede OF the bears on The gen
orally better outlook. Many still tended
however 10 the belief that the Qulet mar
ket VIII continue for a time. gaining
strength as the days 90 by II is a sifu-
htlon IN which new Developments are al
most sure TO be good, and IN which con-
serNaJlsm can hardly be misplaced. Buv-
ing OF the lOwpriced dividend-plyers On
Iecessions IS advised. Call money was
Ioanlng al easy rates again this morning
me annual meeting OF the BROOKLYN
Rapid Transit stock holders is soon 10 take
pace. The Street is looking forward to il
Tor TWO reasons, the annual report and the
ueNeiopment of strength by new interests
among the stockholders. The report win
De fair one. showing continual Increases
IN the gross earnings and perhaps fore
shadowtng reductions in the operating
expenses in the future which will mean
large increases in the net earnings. II will
not be bullish report, however. I'm the
sense OF being surprisingly good or even
equal to the promises made by the
friends Of the company months ago. All
or Its disappointing features have been
discounted and more in the immense de-
cine IN the price OF the stock in recent
months.
AS to the new interests in the company
II does not seem likely that they win eloct
any one OF the three people talked about
in the Street. Dr. Webb Mr. Hartman q,
hlr. NILS, though undoubtedly these gen
uemen may be represented by friends. The
stock this morning was perhaps the most
buoyant on the list and an advance of
several points was confidently predicted in
some quarters. Third Avenue was fairly
strong, getting as high as rs early in the
day.
Sugar was strong but did not seem in
elined to get above 12O in the morning
hours. There was good selling around 11q
which was attributed to shorts II was
thought that II the general market con-
unued strong these shorts might be fright
ened into covering.
The grangers were perhaps the most ac-
tive OF the railway list this morning after
Missouri Pacific. Burlington got above 12s
and there was good buying at that figure
which seemed likely TO advance the bid
st. Paul crossed Sugar" at 119 at one
time. and Rock Island. although quiet. sold
up half point or more in one or two sales
Conservative interests are of the opinion
that the grangers are likely 10 be more
prominent in the market OF the coming
weeks on the continuance of their good
earnings, reports ard the ease OF money
rates.
Missouri Pacific advanced TO A on lin
side buying. A dividend is not expected
for the stock al present by the best in
formed people, but good advance in the
price may take place. nevertheless South
ern Pacific and the Union Pacific and
Northern Pacific securities were all strong.
though inactive,
Pacific Nail was dull this morning at A.
Much builish talk is heard Of Southern
Railway. preferred, Louisville and Nash
Vile, and the Norfolk and Western sccuri-
4es on the continued excellence OF their
Inings reports.
Washington stock Exchange.
Ssles-Potomsc Fire Insurance: 56
70 t-2: Capital Traction 2S0692 56
G. Lr,lz ~