The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-03-02

The Stock Market closed the week with
much the best tone exhlplted at any time
during the six uays. Prices generally adj
Vanced at the opening and after slight
recession at II o CLOCK closed strong, the
bank statement being better than expect
ed The steel STOCKS, the southwestern
securltL%g- the CHANGERS, and the southern
securities al made net gains for the day
and the close was pracucalIy at the top
level Buying OF long stock WAS OF
better quality and the shorts were dis
posed to cover over Sunday on the OK
pectation OF a higher market TUESDAY
The SPECIFIC news OF the day was me
bank statement. which WIS distinct sur
prise, showing an increase in cash IN
stead OF decrease, and an Increase IN
reserve There were, however, numerous
ruInors OF a most cheering nature, lnclud-
ing the story OF the ending Of the sugar
war. the story that the Southern Railway
Will acquire the Plant system ana later
other big railway properties the talk Of
5 per cent dividend for Southern, prefer
red stock the story that the directors Of
ali the steel companies have assented 10
Mr. Morgan : proposition and are now
buying the stock. both new and old. and
talk of larger dividends from both St
PAUL ana Rock Island The outlook ROW
Is good for a strong market next week
according to some Of the most CONSERVE
tive market critics
The bank statement figures arr as fol-
lows: RCserEe, increase. sol rs; loans,
increase. S2.1'N.5--l, iegdlS. increase. ST.,
90; specie, increase. Sy59.2g); deposits. in
crease, SKI lto; circulation. increase,
4N4,tHu- There - no way OF accounting for
the increase in cash except on the theory
that the large interests sent money to the
banks II large EOlL - az a late hour In
the market week ne statements Of the
financial authority yesterday a were TO
the effect that the banks had lost in cash.
The public feels very much better re-
garCing the OlstiOOk fOI the Steel secu-
rites II i now believed generally that
these stocks viii have an advance dur
ing Lhe coming lew weeks. in order 10 al
low the insiders 70 market the new is
sues II Tor no other leaSOn- II is prob
able that the insiders have not changed
their ideas in the least as they undoubt-
eddy knew fairly well what would occur
al the time They put the price OF the
stocks down and then bought them In at
the hover level il Is an unpleasant re-
heCtiOH to the outsider that the insider
has sG7Ch- q large advantage over him in
deal Of Shls kind, but apparently il is
thing that viii always be. At present
the important thing is that the public has
changed It's mind and is more hopeful re
RardInE these securities This viii help
not Only them, but the general market.
The steels We're all strong this morning
and closed near The top prices Tor the
day. Wire. common stock being one eX-
ception with still much show OF weak
ness at times.
The Southern Railway securities were
among the most buoyant Of the day both
citing 10 new high prices. The preferred
went 10 g, and the common TO . Ii, and
bOta closed near The top level. The diyi-
deuu ~ the preferred viii be increased on
Tuesday, but whether the advance viii be
10 & or 70 ) per cent the Street does nor
know yet a well defined TImOr is
that The Plant System Is 70 be acquired
and the story is that even this system
is net the last that the Southern people
have in mind for acquisition one SGg-
gestiou heard Is that there Is 10 be a com
binaticn with the Atchisou in some man
ner-
Thc Southwestern securities generally
were strong.
The gossip regarding Sugar is bulIish
in the extreme. and there seems 10 be a
very fair chance that the stock VIII be
advanced next week The talk is Of
settlement Of the Sugar war and OF an
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