The evening times. [volume] (Washington, D.C.) 1895-1902, 1900-11-14

The market showed a stronger opening
this morning. but before Il O'Clock prices
had sagged down 20 about the low level
OF yesterday. Some support developed
here and many believed that the upward
movement would be resumed before the
end CT the day. II the experts have been
right in their diagnosis of the market
the decline has extended far enough for
a healthy reaction. The active securities
have declined from TO points any
further break would reach stop orders
ard might very easily cause a bad slump,
especially as the bears are hard at work
with this end in view This, II is new be-
Eeved. the market leaders desire at this
time 4 healthy though somewhat less
rampant advance is now expected. It
should extend during the balance Of the
week and next week also is likely to
show much strength in the general list
Developments are not important but they
are favorable to a strong market The
outlook for the bank statement this week
is good, and il is not in the least likely
that The manipulated high rates for call
money previous to election will be 1e-
peated in the near future
Talk of the soft coal trade is cath ST
astic The scft coaiers have increased
their business wonderfully during the
past year. and net earnings have Ks pit
pace with gross earnings, which is say
ing much The outlook is fer conditions
better rather than less good. The for
eign demand for coal is increasing stead
lily. The revival OF general business &C
tivity viii make the domestic consUm ,
ton larger steadily. The cCaIers gen
orally, but especially the soft coal sticks.
were the features of the mark-t this
morning. Baltimore and Ohio, common,
whIc! closed yesterday at IS and a frae-
tica, jumped quickly to so and above.
Pennsylvania was traded in heavily above
Ill Norfolk aud western. common, went
up to - 81, and Ontario and IVES eTn
to % II. Reading, first preferred, was
active around SO.
Gossip is especially bullish regarding
Reading first preferred and the Wheel
ing and Lake Erie securities. Reading
sold several points above its present Level
in the last big boom and would have beer
buoyant now except for the strike. which
.exerted an entirely disproportionate bear
ish effect on it There is not the slight
est doubt that the Reading company will
come out whole from the strike, and
have a surplus to spare as a result of il
before the end of the season. The Wheel.
ing and Lake Erie stocks are worth more
than their market prices intrinsicaily-
NOEADSEn Pacific WAS SOli
--ex' / per cent dividend this morning
It was especially strong. nearly regain
ing the dividend early IN the day. The
preferred also was strong. The dissolu-
tion of the voting trust, now formally an.
nounced to take place at the beginning
Of the new year, can be regarded in NJ
ether light than as a big bull argument
1t means that these earnings of the com
pany have been entirely satisfactory, ant
that the prospects of the company are eX
cellent in every way. The common stool
is on per cent basis and there is he
ing earned on IL between and per cent
The story Of the control Of the Pacif
:Iail BY the Southern Pacific is now verified
The Hartman interests in the steamship
company. are seen to be only secondary ait
sr ali. As the story Of the fight between
these fwo factions for control is whispers
about in the Street It was most inter
esting. If not bitter, one The bulge in Pa
eise Mail is not hard 70 understand unde
the circumstanc It is hardly wort
while to predict what will be the mex
movement of the stock, but there is 4
particular reason 10 expect a further bo0E
in ii just nox when the battle for eoRtrC
is settled and perhaps the losers viii desiT