The evening times., 1900-01-03
There was hesitation and then weakness

There was hesitation and then weakness
in the market this morning. realizing apd
short selling having finally accomplished
the decline that has been expected for
several days. The opening prices were
above those OF the close yesterday in most
cases. but Immediately il was seen that
the investment buying still in good volume
was not likely to be as large today as the
realizing and short selling. Declines oc-
CURED. in the railway securities especially,
ranging from half point to point or
more The grangerS and Pacific securities
we're sold by those that bought a week
ago. Several OF the industrial stocks were
apparent exceptions TO the general rule,
showing much strength and asking good
advances during the first half hour of the
day. Toward noon there was renewed
strength and the losses were partly re-
gained but it seemed improbable that the
general advance would begin again TO-DAY
in an important way. Realizing is in order
and probably would be the best thing for
the real strength of the market
As TO the general outlook it grows better
steadily The New York banks have de-
pnsired s12.O0 O00 in bonds with the sub
treasury as security for deposits Of inter-
nal revenue receipts. The balance between
u
week has been well in favor of the banks.
which makes nearly certain a good bank
statement. No gold shipments were made
today. although it has been the general
eypectation that some gold would go out.
American Tobacco. Brooklyn Rapid Tran
sit and Sugar were the strong features
of the market this morning, Brooklyn es-
pecially showing an entire reversal of form
from the weakness of yesterday. Tobacco
advanced TO l01 early in the day and sold
around loo all the forenoon. inside buying
seeming to be responsible for the strength
displayed.
Further talk of the end of sugar war
is heard in the Street. The stock sold up
TO above l30 this morning.
Gossip is again concerning itself with
the affairs of the Leather Trust. 1t is now
said again with great positiveness that the
Rockefellers have taken hold of the COM
pany with the intention of controlling it
hereafter One of the stories is that the
various members of the family will be
represented on the board of directors.
The ending of the voting trust of the
Brooklyn Rapid Transit with the end of
the year means that most interesting mat
ters are likely TO be disclosed regarding
the ownership of the stock at the next
meeting. There seems to be little doubt
now that the control of the company has
passed out of the hands of the Flower
crowd
The Great Northern will issue SO, 600 900
of new capital stock to be given to stock
holders pro rata at par The Eastern Min
nesota Railway and the Wilmar and Sioux
Falls Railway are to be secured with the
new money.
1t is said that the report Of the stock
holders investigating committee of the
Distilling Company of America will make a
favorable report as the result of its labors
The stock of the company has shown re-
newed strength on the curb.
Rock Island was the strongest of the
grangers this morning. 1t advanced to
los 3-S at the opening, and after declining
TO 107 II, regained nearly all of its loss
before noon. The stock has been well
bought ever since the decline to par in the
break. The November report of the COM
pany is said to be better than those Of ST.