The times. [volume] (Washington [D.C.]) 1897-1901, 1900-10-06

much higher in the near future Manhat-
tan advanced to 81 SIS yesterday and
closed at 81 IA. Brooklyn Rapid Transit
went off early In the day to 50 IL. but
later advanced to SO 3-S at the close,
showing net gain for the day.
All the grangers held their own yester-
day and Burlington was buoyant. 1t adj
vanced at one time to 121 and the close at
126 "a showed an excellent net gain for
the day. st. Paul advanced TO lis and
then sold off to 112 3-4. Rock Island got
as high as 107 and then went back to
1o6 IL. Atchison preferred was sold by
some inside interest during the day and
failed to advance with the remainder of
the market, but 1t could be seen that the
buying was quite as good as the selling.
Sentiment is extremely favorable to the
grangers for the moment, although it is
probable that they would decline some
what if the general market were sold off.
The statement of the Southern Railway
far the fourth week of September was ex-
csllent, while that of the Louisville and
Nashville was not so good. Louisville
shows decrease in gross for the week of
S63,526. for the month of s75,756, and for
the fiscal year to date of ISL, 026. South
ern for the same period shows increases
of S25,0S4, SS7, 1863, and s45O,s34. There is
very good buying in the stocks of both
these companies, perhaps due to the high
cotton prices which will undoubtedly help
the earnings of the lines during the entire
coming six months.
Federal Steel common was one of the
features of the day. Ii advanced to 80, at
one time showing more activity than at
any time before in many weeks The close
was at "a 3-S, at which a good net gain
was shown. 1t was said that the Flowers
were heavy buyers of the stock Sugges-
tons that the earnings of the steel COM
panies will increase from this time are
heard in the trade and are reflected in the
street. The other steel stocks did fairly
well, but were not equal to Federal Steel.
Tennessee Coal and Iron was reactionary
yesterday, selling no higher than the price
OF the day before and closing off nearly two
points at SO I-2. The insiders are perhaps
selling out some of the stock they bought
especially for the dividend announcement.
Much complaint is heard against the way
these people deceived the public regarding
the dividend by allowing the talk of a cut
in the rate TO go undenied. There is even
talk OF disciplinary measures against GER
tain brokers on the part of the stock eX-
change. but 1t is, of course, probable that
nothing will come of this, as nothing ever
does.
Pennsylvania was one of the buoyant Sc
curides. 1t was bought HEALTHY by good
people and advanced more than point net.
The close was at 1870 3-S. the best price of
the day. No news was heard regarding
the stock, but the friends of the company
and the security have been predicting q
good advance for It for some time.
The coalers were neglected all day. Jer-
sey Central did not show a sale, and Read
ing first preferred advanced only a small
fraction on very small business. One trans
action only occurred in Delaware and Hud-
son. The street is tired of the coal strike
as a market factor. The story that the
strike was TO be settled Immediately was
told so many times that talk of the situa-
ton receives no attention whatever now.
There is reason TO believe that Contin-
entail Tobacco preferred will have good
advance In the near future An officer OF
the company is known to have bought sew
eral thousand shares recently Earnings
are good and prospects better, and an adj
vance OF several points would not be sur
prise to people who keep themselves in
formed regarding this company and the
American.