Evening star. [volume] (Washington, D.C.) 1854-1972, 1900-01-19
Good Demand for the Low-Prioed
Railway Shares,
SUGAR SCORES an ADVANCE
Some interest Shown in the Steel
and Iron Issues.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star
NE" YORK, January 19.-Trading in to-
Gays stock market reflected considera bic
irregularity, but the buying of the spe-
cfalties was better than at any time during
the week. London was about up TO the
local closing parity, and final figures in
that market reflected steady undertone
The local demand centered largely In Union
Pacific and Missouri Pacific, the buying
coming from houses having encouraging
adVices as to earnings. The last-named
property responded easily. making an ad-
vance of nearly 2ts per cent.
The earnings of Southern and Of Louis
Vile and Nashville were very good for the
first week of the year. and bring the in
crease from July / up to sl7l96O1 and
s2.32l,0 5S. respectively
The market is bearing out the previous
argument of the street in favor of the So
called low-priced properties Practically all
Of the shares in this group were advanced
tcday, and nearly all demonstrated the lack
of pressure to Sell.
The demand was credited to certain in
fuential interests which have hitherto been
doing little or nothing in the speculative
markets.
Traders made an attack on the Traction
shares early in the day, forcing Third Ave-
financing of the company's floating debt
Metropolitan declined in sympathy hut
later both stocks rallied upon the emphatic
denial of such rumors.
Some covering in American Sugar was
started under the announcement of an adj
vance In refined sugars
Yesterday a reduction in certain grades
OF soft sugar was followed by a decline of
. per cent, and today an opposite movement
was brought about by advancing the prod
uct. II may De seen from this action that
the dividend policy of the COMPANY NAV
pc subjected to the same sudden reversaIs
from day to day. Three months in ad-
vance of the dividend period the manage
ment is niled with doubt as to its ability To
disburse the usual II per cent. But a three
months period of consistency would be an
achievement a degree beyond This corn
panyS record ''
1t does not follow that the dividends will
continue at the old rate, but it NAV be ex-
pected mat a period will come during which
tne nope VIII be expressed that the change
will be DELAYED
The iron and steel stocks reflected an i'm
proving demand. recent earnings and the
assurances OF activity for a consfdera BILE
term reviving interest in them.
The lack of definite news from Sourb
AFRICA and the constant circulation of un-
1ou1ded and cQntradi ctory runors serve 70
keep the public inquiry down to small pro-
portions. In the bond market there is more
interest SHOWN and the semi-Speculatiye
bonds are in good demand
IhlS movement is relied tlnnn to axtand
over into the speculative stock issues hut
the street Is not altogether Harmonious as
70 the probable result of good news from
ABROAD There are many accounts which
VIII De nquidated at the advance and there
Is a falr prospect of new short selling.
Neither account will be given unlimited
rem, however, and the strongest force
now OF doubtful identity-will win.