The evening times. [volume] (Washington, D.C.) 1895-1902, 1900-12-05

More dizziness and more slight declines
II prices al over the list vas the story
OF the early market today The public
buying has ceased entirely, and the pro
fessionals are preaching ami practicing
their theory that there Will be lower
prices before there is any material ad-
vance The outlook is for declines later
tins week, and perhaps during the bal
2ncc OF the year The reaction NAV not
last longer tran through next week. say
There viii he buying on the recession by
people and later the public will come in
again and make another boom This at
least is the outlook for the market as
some Of the most careful people see IL
Purchases should be made il at all at
this time, among the best securities. and
with ample margins Small people will
perhaps do well 10 keep out OF the market
Tor few DAYS longer The next advance
Will be a fine one in all probability. II
should last. with feW Interruptions we'll
into the spring and carry the level Of
prices many points higher than they have
been yet 4 traders rally was looked for
today or tomorrow by the professionals.
but it is not likely to De more than sur
face fiuctuatiOn, over in day.
There was a rally in Wire. common
stock. this morning, as had been expect
ed, after the large decline. Federal Steel.
common, was also fairly strong The in
formation comes from an excellent source
that the per cent dividend on Federal
Steel, common, is assured It is probable
that the dividend on Wire will be reduced
to this figure also.
Sugar went of further at the opening
this morning The tip that The stock was
TO receive q larger dividend this quarter
was so widely distributed and so positive
IN its nature that there is disposition to
believe that it was put out by the Sugar
people themselves to make strong mar
ket On which to sell stock. Now. if the
stock goes a few points lower, the insid-
ers will buy again, and then perhaps the
extra dividend may be declared at a spe-
cial meeting of the directors
The Atchison directors are not likely to
declare any dividend on the common stock
at this time.
Pennsylvania and New York Central
have both been very strong during the
past week of general declines. They are
practically az their top prices now. Both
are considered exceIlently conservative
investments. One of the newspa per stat
isticians fgUre5 out that the Pennsylva-
MIA could have paid per cent on its stock
every year Garing the past decade and
still have had a balance of profit The
earnings this gear are at the rate of II
per cent, Though. of course. a large part Of
this amount viii be expended in improve
ments.
Several ingenious explanations of the
prEfeTrcd stockholders suit against the
Baltimore and Ohio management are given
by people en- both sides of the market
One story yesterday was that Bacon and
S@ioGGn, supposed to be the controlling in
terest in the company, were the inspira-
ten Of the suit, not wishing the dividend
o. the common stock to continue. Anoth-
eT THmor was that the suit ras really fled
for the purpose Of testing the dividend pre-
DaratoTy 10 advancing II to 5 pc. cent.
Both the common and preferred stocks
are OF, though not badly.
The Southern Railway securities we're
fairly strong but made small losses for the
DIV, The Pacifics generally decIi-ed a
trife. The srsnSe=s were OF fractionally.
The net earning Of the Denver and Rio
Grande for Oc4cher chow an increase OF
So 0aa. L is sid that the leading inter-
ests in this company are opposed 10 Inc