The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-02-27

There vas a weak Opening in the Stock
AIaTEet tins morning wnicn cut OF trac-
tons Irpm The prices 81 me raHTaEs and
fuA points from me steel ISSUES ana some
Ui JIi- OJHrr ilduSJriais. ne weakness
- EuoI ~ attributed 10 ANY thin4 new IA
the situation aHd II - probayie mat lneA
pFtltSSIDrsiiS We Tt FeSpU-SIDIc IUT u en-
u4ely- l.eTUre noon a raI4y began all
az 81 the uSt which had IA promising ap-
pearaHee ana gave many people Ihe- nope
That me rtC7sv TH WOutd D. q COCO one
,, ne level OF pIIcvs n considerably DeiOw
IuaI 81 TWO weeks ago anu there mas DeeIl
almost no recovery 10 10 this time BuSI-
ness coRdTuDus ~ ery@ here cOntln.ed
good the only possible excuse Tor the
bear relds beng aIlt SeC uncertainty over
the steel c0as"HddJiyn- ana even thlS Is
hardy as ulzCerl=in as the pears WOULD
have the street b@tIeVe. II Is certain, Tor
instance, that Lhe present earnings OF the
constituent companies IN the past have
been much more tn.an sGnlcIeHt 10 pay
the fuiI per cent on the new preferred
stock ana per cent on {he common
Stock. # as ar Morgan believes the con
SOlI0ato1 wat tI'ct 4 SAVING or expenses
ami MAKE the business more prOuJaDIe
thc showing Of the coming year shDUIG be
even better IMAM THIS
The general news Of the morning was
not Of great Importance Money Is easy
but there IL the probability oI rather
poor bank statement. London continues
10 De more OF buyer than u seller IA the
market The prospects Of the Mar Regc-
nue. biI seem much brighter and this Is
having a GOOD +LEtt LLlE tobacco
stocks President NASH OF the SmelterS
company, mas come OUT with statement
that the Affairs OF his company are IL eX-
cellent condition
The steel securities generally led a
downward movement At the opening Of
the market. Wire, common stOck. got be
low 20 and Federal Steel below 10 Later
there was good rally, but the pressure
on the group was somewhat heavy at all
times during the morning hours AS has
the most part from the professionals The
outlook A. good for the new preferred
stock TO sell Al par IL the near future and
Tor The common TO sell at Sd " hat their
later course viii BE- VIII depend. OF course.
on many things, but il would seem almost
imperative for the Insiders TO advance the
new stocks at some time ia their early
career ii Is said that they viii be listed
IN London and that Mr- Morgan Will prob
ably sell large blocks Of them there This
TSIld be difficult matter If they We're
steadily tending downward IN price
The Traction securities were weak and
especially Brooklyn, which went below
"a early in the day Later there was
good rally in the group The weakness in
Brooklyn was attributed 10 professional
selling on the showing Of net earnings for
January. q decrease of $1,000 Ii may be
noted, however, that January was bad
month in New York city and that IN ad-
dition there WAS The Dewey crowd a year
ago 10 swell the revenues Of the cOmpa-
ny at that time
SneIters. common stock. was very weak
yesterday and has been for several DAYS
in faCJ. It's tumble in price has been
greater than That Of any other stock on
the list The story has been that the
company has been unable 70 meet its OBJ
legations out Of earnings and has Dor
Towed large sum President Nash came
ont yesterday afternoon VIII q state
rent sIhich dispels all the force Of this
Isearisb talk II is true he SAYS that there
IS a floating debt Of s.. go CSC. bat il is also
true that the quick assets OF the cUmpany
arc 81 Gga 900, and that q floating ,ieGt
could be wiped out IN thirty days If nee
eSsdry. Elc SAYS that the net earnings of
the company last year were - so 900, aaG
that its earning capacity now is greater
than ever before The stock recovered
somewhat today
The Grangers sold or a little with the
general list at the opening but soon began