The times. [volume] (Washington [D.C.]) 1897-1901, 1900-11-25


railways. in fact, having made small net
gains for the week, while the industrials
almost without exception have declined.
The Vanderbilt securities have been
among the most buoyant and active dur
ing the latter part of the week, and it is
said by some people who ought to know
that the Vanderbilt crowd has been
large buyer Of the stocks for investment.
On one day it is certain that the buying
credited to them stayed the decline in
prices most effectually. and it seems not
in the least unlikely that during the COM
ing week there will be similar purchases
of securities by the largest interests if
the short selling becomes too effective in
breaking prices. The best analysis of the
situation yet made is that the large CAPT
talistic interests, as distinguished from the
purely speculative people. are still on the
bull side of the market, and believers in
higher prices. 1t will be these people, if
anyone, that will sustain the market at
the point when the general public begins
TO take its profits heavily and ceases to
buy. New York Central advanced to 142
at one time, or within two points of the
high price of last year. Yesterday it de-
clined to 40 and fraction. but showed
small net gain for the week. 1t was said
by the boomers of the stock that an extra
dividend is probable in the near future. 1t
is not known if there is any basis for this
statement except the excellent condition
of the company's affairs. which would. of
course warrant an extra disbursement. Big
Four. Canada Southern. and Chesapeake
and Ohio were also strong during the week
st. Paul made fine squirt to $50 late in
the week. but sold off On Friday and early
and did not reach the highest |
level in the closing gain yesterday. The |
decrease of s101. 657 in the gross earnings |
Of this system for the third week of the |
month was the cause of the attack on |
the stock on Friday and it is rather sur |
prising that in view of the general weak
ness of the market it did not go off fur
Their. The stock is an excellent one.
but for the next few days it seems prob
able that others of the granger group
may do better. Its net advance was the
largest of the week Rock Island has
not yet had an advance equal to
that OF the other securities OF this
group and it may be taken mp next. The
atehison securities arc not believed to
have reached their best levels yet. de-
spite their phenomenal advances An au-
hority states that the report of the Atchi-
son for October viii show a good net gain
over last years report.
The decline in the steel securities came
10 halt yesterday and some of the group
made net gains for the day. American
steel and Wire, which had been the weak
est OF the group. and the weakest stock in
he entire list, in fact. was we'll bought
ma made some recovery. The reason of
ms Is probably to be found in the state
nent of Mr.. Gates that he has not sid
my of his stock in the company. His
7ery forciblp words were as follows. .a'rha
statement that have been selling Amer
can Steel and Wire stocks is a lie I
lave not sold 4 share of these stocks in
many months. On the contrary, / have
fought some. What have now is not for
ale. but is held as an Investment The
ompany is in excellent condition and its
arnings are large. ~he question of
iyidend on the common stock is one for