The times. [volume] (Washington [D.C.]) 1897-1901, 1900-02-14
TIE STOCK MARKET QUIET
Speculative Attention Fixel on the
Senate Finance Bill.
Money Almost Imperccptibiy Firmer
healing. Not in Very Large Vol
ume Consolidated Gas Advances
sharply Local Trnction Issues
stronr-Pricc Movements Regular.

NEW YORK, Feb. iS.-There WAS
fairly general advance in the stock market
Today. and speculative attention seemed for
the most part 70 converge upon the finance
hill now under consideration by the Sen
ate and which is expected 10 be voted on
BY that body THURSDAY, The somewhat be-
lated iateres, taken in this matter caused
the showing made In Saturdays bank
stste@ept se * ignored, and there was
e,eersese lttle With the course 81 The day
Is engage attsrttea-
Bank cfscess sim proScsscd their inahil-
~ 70 aceeast specifically for the changes
that appeared in the esak statement, par
ticulsrly a. regarded the tremendous ex-
psnsior in the loan account There have,
20 be sure. been heavy sales Of commercial
pSper within the past week. and the in
crease in loSns WAS fairly well distributed
anons the hanks but IL was still thought
that the heavy increase shown in loans
-=rSt have resulted from some special and
irrpertSE, transactions.
rNSsN'S money market WAS almost i'm
,-s--<rsfe,y sr-asr. In view Of Saturday :
hs-s Statement. borrowers on time ap-
ee4TtG INV AAAANAN ~ ktNfANt NHNAA-
ssirvs with accommodation than they have
he<z sscSrily. and were bidders for three
and four months loans at the rates at
which they were offered prior to Saturday.
IL is obvious that al the moment the
New York banks could not stand such an
extension of their liabilities as would be
involved in continuation OF the pro-
cesses that were reflected in Saturday
bank statement, but on the other hand,
il is plain that comprehensive con-
sideration of the monetary outlook must IN
clude the operations of the currency
finance bill, which now seems likely TO be
enacted with the passage of compare
lively short space of time.
A very large number of railway traihC
returns for various periods we're submitted
over the holidays, and almost without eN-
eeption very gratifying exhibits were made.
The roads in the Southern States again re-
ported the heaviest gross gains. the Louis
vile and Nashville and Southern Railway
conspicuously Another gratifying show
ing was that made by the Manhattan Rail-
way Company for the quarter ended De-
cember 81 the company reporting further
increase in gross earnings, an indication
that 1t is now doing better than holding its
own in its competition with the surface
lines.
The DEALINGS were not III NtlN idast VIZ
ume but were fairly well distributed.
Strong and active features of the railway
list were Pennsylvania, Norfolk and West
ern. and Baltimore and Ohio. The granger
shares and the Pacifics and Southern
stocks were also well supported Among
the specialties. Consolidated Gas advanced
sharply on the common belief that an end
of the protracted rate war is near at hand.
All the local traction issues were also
strong. and in the industrial quarter there
were pronounced advances in Sugar REIN
ing, American Tobacco. Federal Steel. Ma
;iopal Steel and Tennessee Coal and Iron.
The days price movements were marked
by no little irregularity. and occasionally
heavy sales, presumably for the purpose q
realizing profits. appeared in various quar-
tiers.
London had only small influence on the
local dealings, either in respect TO he
tendency of that market or to the opera
lions here emaDatng from that quarter