The times. [volume] (Washington [D.C.]) 1897-1901, 1900-01-20

heretofore. and finally. in the afternoon
rumors that dividend is to be paid or
Missouri Pacific stock all helped 10 max.
a more active and more buoyant STOCK
market than has been seen heretofore this
week. Prices opened at about the leve
| Of Thursdays closing and advanced frac-
| tionally during the morning hours. though
business was dull. In the afternoon Mis-
souri, Pacific began TO advance rapidly and
the entire list gained in sympathy. The
close was at nearly the best prices of the
/ day, with gains varying from a fraction
| to two or three points. The outlook is
! that the opening of the market this morn
| ing will be at an advance and il seems rot
improbable that the strong market will
continue until the close. The experts are
expecting good news from the seat of
war that would undoubtedly make London
heavy buyer Of stocks, and New York
as well. The bank statement today is
certain to be a fine one and IL may be
even much better than that of last week.
One theory is that after advancing during
the early part of the session prices will
sag off after the statement appears. as they
did last week, but there is no good founda-
tion for this belief. The week so far has
been tiresomely slow for the most part,
but ii has been distinctly a week to in
splre the friends OF prosperity with hope
that better conditions are not far away.
At no time has there been any weakness
except in one or two specialties, and nearly
every day has shown slight advance in
prices in the standard railway list. The
news has all been good and the reasons
for higher prices are more numerous now
than they were last Saturday.
sH1sil-a-
Missouri Pacific advanced to 43 Ia in
the afternoon, and the close was at the
top price. On Thursday 1t was selling at
80 "a, SO that the gain was more than
three points. The stock has not been
SO active and strong for several weeks.
The statement of the gross earnings of
the company for the second week OF Janu-
airy was most satisfactory. showing good
increase over the same week a year ago.
This induced buying for London account.
and the friends of the company seem to
have taken advantage of this to bull the
stock. The report that Missouri Pacific is
TO be given a dividend was revived by
these insiders" The earnings of the
company warrant a dividend, but there
have been so many disappointments here
tofore regarding much predicted dividends
that the street generally VIII be some
what skeptical until the directors have
taken their action and announced It.
y
pathy with Missouri Pacific. especially
Texas Pacific.
Union Pacific common and Southern Pa
cific were also strong though their adj
vance was relatively unimportant com
pared with that Of Missouri Pacific. Lon
don buying was also a factor In these Sc
curities. There was more talk OF an early
dividend for the common Union Pacific and
another story circulated regarding the
Union Pacific was that the Vanderbilts
have acquired control of the line through
the Chicago and Northwest There is not
much to support this idea. The Union Pa
ciic and the Northwest had close traffic
alliance until month or two ago, but It
was terminated, and it is not known that IL
has been or will be revived. The last
gossip regarding the matter was that the
Union Pacific would make a somewhat sim
liar arrangement with the Illinois Central,
but this has not yet materialized,
The weak stock OF the day was Third
Avenue, which opened at III and declined
TO 10S. and finally closed with several
points net loss for the day. The dis
closures regarding the large floating in
debtedness OF the company acted adversely
on the stock. as they had on Thursday. and
who have been attacking the traction Sc
curties generally for some time past.
The other fractions were distinctly strong
during the afternoon. though in the first
business of the day they seemed inclined
to go off. Covering Of shorts when the
general market began TO strengthen may be
supposed to have been the cause of the adj
vances. Brooklyn Rapid Transit went as
high as II 3-s. and closed at 20 "a. Man
haitian declined TO ~ IA In the morning
and then advanced to "a 1-2 at the close
within a fraction OF the highest price OF the
day. Metropolitan declined 10 lG1, adj
yanced 10 166, and closed at IG5. Rumors
are heard OF favorable developments at the
meeting Of the Brooklyn com
pany.
The statements OF the Southern Railway
and the Louisville and Nashville for the |
second week of January were, as usual, ex-
The increase in gross Of the Louis |
Vile was Ss6,0l5. The increase OF the |
Southern was $50, 1923. Both stocks were
strong, the advance of Louisville being to
81. the highest price of the day, and the
advance of Southern preferred TO 30. also |
the high mark of the session. Talk re-
garding both securities is bullish.
The price OF sugar was advanced for all |
grades ten points yesterday by the Sugar |
Trust and all OF its rivals. The move |
made friends of the stock more confident, |
and there was q recovery OF nearly all the |
loss Of Thursday. The high price reached |
was lis, and the close was at III 3-S.
1T is said by officers of the American |
Steel and Wire Company that the trouble |
with the striking workmen will be settled |
by the acceptance of q part of the demands )