Evening star. [volume] (Washington, D.C.) 1854-1972, 1901-01-09
Great Irregularity in Stocks on New
York Board.
STRONG AND WEAK IN SPOTS
Heavy Buying Causes Sharp Ad-
vance in Missouri Pacific.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, January 9.-Today's stock
market opened irregularly under the in
fiuence of conflicting opinions to its i'm
mediate future. London was lower In the
main, and arbitrage houses sold in this
market. In spite of the selling the market
was not weak and indications of new deals
were plentiful. All declines bring in buy
ing orders and reactions are permitted in
one group while new buying is encouraged
in another.
The feature OF today's market was Mis-
souri, Pacific The manipulation in this
property was unusually successful UP 10
prices not reached at any time since the
stock went off the dividend list divi-
dend is expected shortly. and the floating
supply of stock is concentrated almost 10
the extent of being cornered, and, dividend
no dividend. par is predicted for tine
stock.
1t is likely that the companys treasury
will sell some securities after the price of
the stock reaches height which will guar
antee the success of the offer.
All the southwestern roads came in for
share of the new business and made
gains over yesterdays prices. ST. Louis
and Southwestern, Texas Pacific Missouri,
Kansas and Texas. all made gains because
OF the belief that they will profit by any
changes in the fortunes Of Missouri Pa
citiC.
The Gould stocks were all stronger. and.
in a general way, were conspicuous at all
times during the day.
Manhattan and the Traction group were
all aggressiveIy bought during the after
noon and the market a whole was en-
Outraged by this new activity. Third Ave
nue. was more active the result of the
repurchase of the Hart stock and the be-
lief that known developments Of favor
able character had prompted the transac-
ton.
Atchson directors decided to pay the in
terest on the adjustment bonds semi annl-
ally hereafter. instead OF annually, as here
tofore This action should help the bonds
considerably. The common and preferred
stocks are in good demand but the selling
Of late has been so persistent as to limit
the advance. Considerable interest attaches
to today'S meeting of Northern Pacific and
some hint as to the cause of the activity in
the stock Is hoped for, but is not probable
Nashville directors are likely to put that
stock upon a > per cent basis by declaring
a payment of. 2ls per cent for the current
half year.
Delaware and Hudson made new high
record today, and is now regarded as being
upon the eve of an increased dividend as
well as being given a prominent place in
the Anthracite Coal deal. Erie common is
being bought by large houses in the belief
that 1t will shortly sen much higher as the
outcome of the new conditions in the coal
trade and Its very important part in the
plans of the Hill-Morgan interests
The steel stocks were a triie stronger
than yesterday, and an attempt was made
to force them to the front but without suca
cess. The Carnegie invasion of the steel
tube field came surprise to certain
steel interests and unsettled the market
outlook for several issues.
'fhe Sugar meeting was merely ratifica-
ton of the actions of the directory during
dividend prospects. Money was easy at
per cent and under.