The evening times., 1900-10-16

The boom in the Stock Market, begun
last week and so we'll under headway yes
1erday continued this morning in spurts
in many parts of the list and generally
higher range of prices. There was some
profit taking and few stocks did not hold
their own entirely but on the whole II was
fair 70 say that the boom was excellently
maintained It can be seen that the
cfiuues have determined to keep prices up
despite the Bryan entry into New YORK. II
possible though last week il was said by
all the professionals that the Street would
sell today and tomorrow. Ihere Is mucH
of politics In the present market manlpu-
IatiOn. The boomers are Republicans end
they know full well that continued dd-
yances in prices will help the Republican
cause The problem for spectators to con-
slider is whether the cliques will be able TO
continue this artificial advance. even
though it is helped by several hullish
matters in the general situation, such as
the large imports of gold and the i'm
pending settlement Of the strike
Union Pacific common, was perhaps the
feature of the early market. 1t advanced
to the highest price on record, 81 5-S be-
fore now, on immense buying orders II
seemed entirely probable that the record
Of transactions for the day in this stock
would be the largest OF the list Mr
Gates was credited openly with a large
part of the buying and it is supposed that
he has loaded up with the stock during
the recent lower prices and is now Will
Ing to have 1t advance as rapidly as pos
sible.
Another stock that touched high-water
mark was General Electric, the price dur
ing the morning getting to 14S-
Manhattan and Metropolitan were both
strong at new high prices and Brooklyn
held its own, though not making any ad-
vance during the first two hours. The
buying in this group is good as has been
said heretofore, and many believe that
the same party is absorbing them all with
the object of a closer control on Greater
New York street railway traffic.
Jersey Central was strong 1t is whis-
pered again that the Baltimore and Ohio
Pennsylvania interests are buying the
stock for control. This buying has stop
ped largely during the strike, and the
theory now is that it is beginning again
because there is no further fear of trou-
BILE.
The grangers were strong, but Except
the Atchisons did not advance much.
Atchison, preferred, sold well above 72
and the common at 20 1-2 before noon.
Sugar doomed up 122 this morning
American Tobacco was one of the most
buoyant stocks on the list. People were
talking about another deal in the To-
bacco situation but such a deal is not
necessary to explain the advance of the
stock.
Missouri Pacific was strong. There is
more talk regarding inside buying OF
this stock and people connected with
ba mn no Of the
reporting that net earnings recently show
up much better than gross earnings on
account of a big decrease recently in the
cost of operation Other Pacific securi-
ties were good also.
Cotton furnishes but a small proportion
ef the freight traffic on the Southern Rail
way and the heavy gains in earnings which
The company is showing are not due to the
big movement of cotton now under way.
The increase of $4S Geo for the first week
in October and S25, goo for the last week
in September came from general improve
ment in all lines of industry in the COM
panys territory. Southern Railway finances
are growing stronger every day through
business growths in the South and wise
management of the company's affairs. The
physical condition of the road shows steady
Improvement, and large expenditures FOR
the good OF the property, charged to oper-
Hting account and taken from earnings. are
being made With all improvement ex-
penses, however earnings indicate better
dividend results this year than last
Southern preferred had sharp advance
today, selling above 55.
Washington Sock ExrnnnGe.
Sales-Wash. Tract & Elec. 4 1-2s
si.oO0@65: Capital Traction As, $1,000
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