The times. [volume] (Washington [D.C.]) 1897-1901, 1900-11-08

ence on the part of investors for Repub-
lican success, much as the present Admin
istration has done and has promised to
help along material prosperity for the
trusts of various kinds whose securities
are here given. II is not to be disputed
that investors and spectators alike many
of them have been buying stocks, without
reference TO politics, on account OF the good
outlook for business during the coming
year. and on account of the fine record that
ali Of these companies have made during
the past year. There would have been
this boom if the election had gone the
ether way. 1t might not have come quite
so quickly because of the selling Of stocks
by the large speculative class that does
believe good times depends on the Repub-
lican party.
The outlook for the immediate future Of
the market and for the coming months is
especially interesting. Many brokers and
Spectators locked fer bad slump in
prices yesterday after the opening bulge
Many Of those that were disappointed now
look for the decline TO come today. or to-
morrow at the latest. There is another
large class which numbers some of the
best people in the Street. and in the in
vestment world at large. that believes the
has not come fer months past These peo-
pie say that there are hundreds of millions
OF dollars ready TO be invested by this pub
lie and that there can be only one result
a great bulge in prices. 1t is safe to say
that large part of til public will make
these Investments at the top prices when
they come, say market people. But it is
also safe to predict, they say, that those
who buy now, carefully, will not be the
lambs, If they continue careful.
The most conservative of spectators
cannot be dissatisfied with the class of
securities that had the best advances
yesterday New York Central advanced
to 1871 and closed at 1876 IL. Pennsylvania
doomed in a remarkable way. reaching
as high as 139, and closing at 13S l-2 a
net gain of five points for the day. The
grangcrs all had excellent gains. Atchi-
son preferred getting to Il 1-2 and clos
ing only fraction below that figure. Bur
lington getting to 132 and closing at
131 1-2. ST. Paul closing at the top. 100,
and Rock Island advancing to 112 and
closing at III ga. The Pacifics were all
buoyant. and all held their own excel
lentiy. In the trust stocks the best gains
were made by the steel and iron securi-
ties, and this also was logically to be
expected, and is not to be considered
fictitious or unwarranted by actual values.
The steel securities made gains of four
points or SO all over the group. Federal
Steel common got as high as 45 and closed
at Al IS. Steel and Wire common made
a top price of 40 3-S, and closed at 80 SIS.
Tennessee Coal and Iron was especially
buoyant, getting at enc time as high as
G2 and closing with a large net gain at
61 1t is not to be supposed that the cleo
tion Of President Mckinley for another
term has removed all the obstacles in the
path of the steel trust securities, and that
their upward movement is certain to be
unhesitating and triumphant. There is
much talk of competition springing up al
over the country against the new steel
trusts, owing to the immense profits that
they are known to be making on the arti-
fcially inflated prices charged by them.
This may be all stifled or it may not. but
it is quite possible that when it makes
its best showing it will give these securi-
ties a few weeks of hesitation at least.
Considering every adverse factor. how
ever, and there are not many TO take into
consideration, it is believed by some of
the most careful people in the street that
Federal Steel common and preferred.
Wire common and preferred. Tennessee
Coal and Iron. Colorado Fuel and Iron,
sol securities will all make remark
able showing during the coming six
n..n,hs.
PENNSYLVANIA was the most attractive
CT the railway securities as far as its
advance was concerned. The stock is pc
culiarly situated to attract the favor CT
the investors, and the spectators alike.
and it would seem there can be little
doubt that 1t will benefit by this in large
gain during the coming few months.
The earnings of the Louisville and Nash
Vile f,r the fourth week of October show
an increase Of s5S.460. The increase since
the first of the fiscal year has been s1O4,-
100 Louisville advanced to IS at one
time, but later declined to rs l-2, at which
point, however, it showed a substantial
net gain for the day. The Southern Rail-
way stocks we're both buoyant, the pre-
ferred getting as high as 50 SIS and clos