Evening star. [volume] (Washington, D.C.) 1854-1972, 1901-01-26
FINANCE AND TRADE
Good Buying Of All the Active Rail-
road Stocks.
REVIVAL OF INTEREST IN ST. PAUL
Southwestern Group Also Came in
for Share of Favor.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK, January 26-Today's mar
ket developed considerable strength. as the
result Of an aggressive buying demand for
st. Paul and the leading properties in the
deal surrounding that road. The buying by
the active banking interests was taken as
an indication Of an intention to proceed
with the original undertaking. but possibly
along new lines. The matter OF financing
the controlling interest in st. Paul. for ex-
ample, may show some changes In detail.
but the object Of the undertaking will be-
accomplished.
Northern Pacific. Great Northern and
Erie all showed signs of new interest.
Stock accumulation was in progress In all
these shares. and the street Is convinced
that the coming week will throw new liRht
upon the plans of the millionaire operators
ana that return of strength will be re-
corded throughout the railroad department
Inc southwestern consolidation, or what
ever the alliance in that section may be
cailed. has many believers. but lacks def
mite shape. Wabash for example is strong
upon the announcement that the deal" is
on. outside of the board room gossip no
sucn Undertaking is known to have been
m IN contemplation The Wabash is q re-
liable road, and several systems are un-
uouDtedIy willing to figure upon a closer
working agreement. A strong Interest
Buys the stock on all declines and con-
servative brokers find 1t comparatively
easy to secure buying orders from infiuen-
tial clients.
In the same way Missouri. Kansas and
Texas Is growing In favor, and SO is Texas
Pacific. If the deal Is off there remains
strong inquiry from interests who must
see value ahead in spite OF the news agen-
ces.
The local Traction and gas stocks were
hr,x- tv,rx
movement by the room
The steel stocks advanced moderately I'M
Ger the innuence of reports that an under
standing had been reached on the part OF
the rival factions There have been a Sc
rfes or conferences during the week look
ing TO this end and sooner or later a con-
sentative business agreement should be
reached.
Inc week has shown very clearly that
there Is Willingness on the part of tho
pubic to enter speculation provided COM
gether preparatory to starting tomorrow
of uptown hotel operators were to be given
control of prices the public was In no mood
10 follow them. If the Morgan HiIl-Rock
teller party come actively to the front tho
average commission house trader was found
Wiling to accept partnership interest in
Its enterprises.
1t is Of the first importance to know
whom you are following in Wall street,
and no one proclams this fact more earn
estly than the misguided, but reformed de-
ciple of the hotel clique mentioned
The bank statement was good one and
the best prices of the day followed It's
pubhcation The reserve increased s., 542-
Soo, bringing the total surplus above legal
requirements up to $50. 799 40. The gain
In lawful money was $7,450,OOO. nearly all
In specie. The loans increased So 1913 800,
and the deposits increased SO, G35, 800.