The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-11-04
1iorcrnmcnt HOMIE.

The Stock Market was dun this morn
ms but for the most part steady to
strong, Union Pacific. ST raul. AJchis0u,
common; Pennsylvania. Southern Pacific
and the Anthracite Coal securities all
holding their own Ct doing better than
the clos Of last SATURDAY, The outlook
for the immediate market IS not particu-
larry brilliant. the chances seeming 10
favor "a dull period. AS 10 the probable
range q prices this week. nothing more
than guess can Doe made, and both the
buns and the bears are making them, with
little choice between them as TO numbers
and vehemeuce- More gold has been en-
gagged Ior shipment tomorrow, and the
Street now believes that there Is likely
TO be- a considerable outward movement
this week and next This fact with the
generally held theory that the purchases
of bonds by the Government are uDJ like
j. 10 be large, naturally tends TO pre-
vent speculative buying OF the market.
On the other nduu- the news develop
ments. aside from the financial situation,
are nearly all Of "a most encouraging ma
tuTe. The failure Of The Northern Pacific
predicted naturally tends 10 prevent
speculation al present, though 10 Is not
In any sense bear argument, as IL is
conceded nearly everywhere that there
Viii be- a settlement before very long AT
the latest The insiders may continue the
advance OF prices, the public viii do moth
ing. II the insiders fail go begin their
camuaiEu b. is moro than likely that there
VIII BE- a sagsing Of prices Tor d day OF
two II least
Peoples Gas was the weak feature Of
the market. dropping 10 par before noon.
and showing little disposition 10 recover
from that lowest level iu months The
selling Of the stock is said To- Doe iquida-
ton Of a large speculative holding. and
no UaIciCulaT siEullCauc. should Doe at
tached DO IT, or course. il Is possible that
reduction iu dividend may be- necessary
as result ot the decision Of the Illinois
supreme Court. and for this reason there
IS not much disposition 90 buy the stock
IN conservative quarters. though a
speculation 10 seems very fair PROPOSE
ton a its present level
\ story has been circulated recently
that Southern Railway. preferred stock
Is TO be- retired in the near future. after
being put on a 8 per cent dividend basis
il s. said that the stock viii be- replaced
by a Z per cent bond. Something of the
kind Is not unlikely. but ID Is extremely
unlikely that il viii Doe done al present.
The earnings Of the Norfolk and West
erH for the month of September make an
excellent showing The increase I'm net
earnings was $6s.s72. There is much bull
ish gossip regarding the outlook for this
company aud its securities. Chesapeake
and Ohio also is generally considered one
OF the promising stocks among the lower
priced issues.
The statement Of the American Car
Foundry Company for the four months
ending with August 81 has been com
mented on in this column. The earnings
Tor the present quarter are said 10 be
even better.
The old story Of bid by the New York
Central for a close ARA gement with
Manhattan, or Of purchases OF Man
haitian stock for the railway company
IS again revived. Manhattan was strous
this morning around lZi but not particu-
larry active. Brooklyn Rapid Transit wa
also firm.
The STOCK Market win be closed tornor-
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