The Washington times., 1901-12-28
Heavy Buying of the Granpers,


The granger securities and the Pacifcs
were among the strongest on the list yes
terday all day, Union Pacific, the AtcEi-
sons, and ST. Paul being the features Of
the groups st. Paul advanced to 1851
and closed a fraction below 1s5. Atchison
preferred went up TO lO2 and closed at
the top. The common stock, after get
ting above so, went of only fractionally.
Union Pacific advanced nearly to 104, and
closed above 103 The important inter-
ests seemed to concentrate their efforts
on these securities. and there was also
some good investment buying OF the group
during the session.
The St Paul gross earnings statement
for the third week OF December show ed
small decrease. but the figures are not
considered important in any way, as they
reflected the condition of the weather
rather than any scarcity OF business. As
matter OF fact all of these lines are
suffering frcm the impossibility of fur
nishing enough equipment to accommo-
date their freight. The conditions in the
West are moi quite 30 bad as they are in
the coal regions, w they are quite bad
enough to indicate that it Wiz be some
time before business viii be dull.
Rock Island sold ex-dividend Il per cent
EGEiGIAdN lnOlIthE anu HNiAhi1 itNpff. VI
the dividend and more. II was strong all
day though not particularly active. The
Rock Island people report that they have
made traffic agreement with the South
ern Pacific regarding exchange OF busi-
ness at El Paso, which will be most
profitable.
1t is said unomcial,y that the Atchison
statement for November VIII show an In
crease Of about 100000.
NJ . hg Iass ,pt I'm
portant. and In no way equal in Interest
TO the fluctuations OF Sugar stock. There
was Z story that the trust and the indie
pendent refners have held a conference
and that they are likely TO come TO an
agreement in the near future If they have
not already done so. and an. advance in the
price OF refined sugar 10 points by the
trust and the Arbuckles was thought by
some TO lend color 70 the story.
There was also a rumor that the com
pany has been assured by certain prom
inent Senators that sugar legislation by
the present session OF Congress viii be
to their liking; but this rumor was un-
authenticated and unfathered.
The stock sesationniI. strong.
The stock was sensational in It's
strength. 1t opened al 1l3 and advanced
to 1I75s, a total OF u points above the
low price OF the previous day. There
were active and wide fluctuations during
the session, but the stock had strong
undertone at all times end closed less
than point of for the day from the top.
One theory puitc generally held In the
market was that the Keene brokers were
;he purchasers of a large part Of the stock
/ bought and that ii was their buying that
made The movement. by forcing the shor.l
10 cover. The Standard Oil people. who
we're said TO be : beilers on Thursday
were net in evidence yesterday unless
ihey were amous the purchasers,
There Ia strong belief in the street
that the Copper situation is improving.
The London copper market Is steadier
and stronger. and il is said that the
rumored further cuts IN price IN this
side are net likely to take place. One
| cf the stories. from what is considered
an excellent financial authority. is that
| negotiations are now in progress between
the hmalgamated on this side and the
| European copper people looking 10 re
| striciion OF production, and that there
| is good reason TO believe ihat they viii
prove successful.
How much these hopeful views are tn,