The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-08-09
Government Bonds.

The strong market which so few Of
the professionals OF the public traders
in stock expected "a week ago continued
this morning. prices advancing 10 new
high levels in a number Of securities
and holding their own at or near the
top prices reached yesterday. The mar
ket was excessively duh during the
morning hours but for the most part
the buying orders seemed 20 exceed the
selling orders. The character of the
business transacted was about the same
as yesterday. Covering by the short ana
a shrinking q buying orders from the
public the selling being largely for the
CliqUes that held prices up ana began
the advance at the beginning Of the
week. II is not an important market I'D
any way, except that il cOnyinces care
fUl people that the insiders do not wish
a break. ana that, on the other hand,
they DO not care IT this time for much
Of an advance movement. unless the
public come in to help it along. It
may be suggested. too, that a scarcity
OF noatlug stocks is shown. The sitUa-
tiCn. however. though il does not prom
ise much tor the immediate future. can
not be considered unsatisfactory TO the
friends OF and believers in higher
prices. The uullness is OF the summer
variety. entirely natural under the cir
CumsJalCeS. The strength seems 10 be
basic founded on good general condi-
tiCns. and the fact mat the bad factors
in the outlook have been discounted.
Aside from the steel securities, which
Showed their usual strength under
securities were the most interesting
during the early trading. Missouri Pa
Cific and Texas Pacific especially were
given almost q boom on what seemed 10
be- inside buying. II was said that the
Gould interests are AT last nearly. if not
quite. ready 60 take up their reOrgaui-
ZatiOn plan. and that the Missouri Pa
ciflc and Texas and Pacific securities
v ID profit BY the deal more than any
others Both stocks We're advanced
smartly, Texas and Pacific especially.
with its gain of yesterday. making a
total movement that attracted cJnsid-
cradle attention
Southern Pacific went up nicely and
the buying in this case too. seemed To-
come from an inside clique The Street
hears numerous stories regarding the
excellent outlook for this system based
on The fine earnings showing OF the last
fiscal year and the expectation that the
community CT interests plan viii make
possible large savings Of expenses dur
ing the present year.
The granger securities generally were
strong. The talk Of the practical plans
Of the community Of interests is becOm-
ing definite. The statement is made
that Darius Miller, Third Vice Presi-
dent of the Great Northern. is 20 be
made the traffic manager" Of the Nor
ear-HiIl system, the Northern Pacific.
Great Northern. and Burlington. and
that J. G.. Stubs IS 10 occupy the same
position for the Union Pacific. Southern
Pacific, and perhaps Illinois Central.
These two gentlemen. il is said. viii be
Two members Of a general traffic board
Tor the community Of interests IN the
Northwestern and Middle Western rail
ways This board, II is suggested. will
have more powers in its own field than
even the presidents Of the different sys-
tens. It's object viii be a sweeping re-
ductiOE and transfer Of minor officers
and clerks on all the lines. In addition
70 an absolute maintenance 0f remu-
nerutive rates