The times. [volume] (Washington [D.C.]) 1897-1901, 1900-10-16

5o cents per package.
The uniform success Of the rem dy has |
made it the most popular and best knoan |
of any form of treatment for Pill S.
Europe, with s2.5O0C0O which the City |
Bank has shipped from South Africa. make |
an aggregate of between S6,0c2.000 and ST. |
100000. The indications are tina. more vii! |
follow during the present week. Many be- |
lieve that the gold imports on this move
mert will be very large. That they will |
be large enough to offset any further ship |
ments from New York to the interior |
seems beyond any reasonable question. |!
This will mean, of course, that money rates |
are to remain easy this autumn and win
ter.
The ncws that the miners strike ap-
parently is to give no more trouble made
il easy for the manipulators to advance
the coal stocks of both groups rapidly
yesterday. They were buoyant during the
entire afternoon. Reading sold as high as
SIS. and closed at 81 "a. Jersey Central
closed on Saturday at 1874 -. and 1t
closed yesterday at 1875. cx-dividend. max
ing the gain for the day ga points. On
tario advanced to 81, and closed at that
figure. Pennsylvania was perhaps the
feature of the day of the entire market
| with an advance to 1873 i-2. The close
was at the top quotation. In these stocks
it would not surprise careful observers if
a reaction occurred at any time and spec
ulative holders are advised TO sell. The
ccalers have way of tumbling quickly
| after an advance
The New York traction securities were
| the most buoyant on the list as far as the
| extent of the advance was concerned.
i Metropolitan jumped 4 points or SO to
| 155, and closed al the top. Manhattan adj
vanced nearly three points to 95 S-S. and
closed with a large net gain at 81 "a. and
Brooklyn Rapid Transit got as high as
| % 1-2 at one time. and closed at "a "a.
f! These stocks were bought by the tens Of
thousands shares, largely by the clique
! that has been SO conspicuous in them for
some time past. The identity of this
clique has been one of the most interest
! ing problems in the street gossip. but ap-
| parently it is as far from solution as ever.
| The character of the buying Gu the whole
looks better than that in other parts of
| the list at the present time. 1t has the
| appearance of being made for more per-
manent advance if not indeed for invest
| ment holding.
The reasons for buying Brooklyn Rapid
! Transit at the price at which it has been
surface. The company last year did not
make z very good showing of surplus
earnings over fixed charges. This caused
| people TO sell il out. There can be no
doubt however, that il would be an easy
| matter for II TO increase its net earnings
under a good business management. The
possibilities in this direction are not to
| be measured in the ordinary way. The
| operating expenses last year were e. per
I $50 .an
The operating expenses on other street
| railway systems, similarly situated. are
not more than 30 per cent in most cases. A
, management such as that of the Metro
politan system undoubtedly would have
come very close to this figure on the
Brooklyn before now. This reduction
would mean an addition to net earnings
of s1,sG0.o"0. or per cent on the stock.
The present buyers of the stock may rep
resent some party that has such a good
business management in view.
The grangers were strong all day. max
ing gains of point or more on the aver
, age. Burlington was the feature Of the
| group with an advance 10 l21 l-2, and a
close at 127 IL. thus showing a net gain
Of full point. st. Paul went as high as
ia is. and closed at ia. Rock Island
ad@anced TO 10. 1-2 and closed at the top
closed at II IS. and the common stock
got as high as % 3-S. Careful market
| people have been advising the purchase of
these securities consistently for many
weeks. Burlington and Atchison preferred
! look especially attractive now on account
of the fact that they will be very little
affected by the poor wheat yield In some
States. There is also again talk of an
other refunding scheme among the friends
of Burlington.
Peoples Gas continued its pyrotechnic
advance yesterday. getting at one time
as high as 80 IL. The close was at 81 -
or ten points above the low price of
short time ago. There is reason TO be-
lieve that certain Peoples Gas insiders
have been helping along the advance in
that stock for the purpose of squeezing
some of The Ogden Gas interests and
Chicago politicians who are kuown 10
have been short of the stock. Thus
far the Peoples crowd seem to have sue
ceeded in their efforts, for houses with
Chicago connections report that a large
part of the big short interest existing out
there has been actively covering since the
, rise began. Ii is said that the action in
the war between the opposing companies
, is now centred about the market fluc-
, tuations of Peoples Gas stock, and that
. | the ultimate outcome of the warfare may
depend on the result of the operations of
| the two factions. Indeed. one ruinor.
in quarter usually well-informed. is hat
2 the war has been actually settled as a
; result OF the big final squirt. II was said
2 where this story told that formal an
: nouncement of the settlement will be
2 made today. This may be a market dodge,
= of course.
The decisions Of many OF the import ant
I | railways to buy their rails at the Steel
r Trust price of s26 seems to have been
inspired by the Republican campaign man
| ayers largely. notwithstanding this fact
D the heralding OF the decisions helped "a
boom the steel stocks in handsome way
Y | yesterday Federal Steel common ad-
o vanced 10 80 ~, and closed nj the top
n Steel and Wire common advanced to
INIT SAVES LIaWdR Ponuar