The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-02-13

The Stock Market opened after the hoIi-
day Win a sharp advance IL sympathy
with higher prices in London. Soon, how
ever decline began all over the list and
IL lasted without interruption until noon.
al tie opening gains and more being lost
IL the general list There was no news
OF a disturbing nature and the general
opinion among careful market people was
that the reaction was a natural one after
such a high opening. With this belief
many people bought stocks on the break
In the expectation Of q rally during Tie
afternoon.
The news received by the Street was all
good \ large number Of earnings state
meats for thg first week OF February -uere
received ard almost without exception Cney
showed a large increases TIE smelters'
deal Is said 10 be progressing fayorably
anu there seems 10 be little doubt that the
steel deal Will De announced officially
shortly AS stated above London Was
purchaser OF American securities and IL
IS noted among srbitrage houses generally
that the disposition on the other side to-
ward Americans Is more favorable than
al any time recently
The sharpest advances Of the morning
were AtchiSnn, common, which Cp ned al
IS; Western Union which soon tuiged up
TO above 90 and Norfolk Western com
and 81. Paul. the Pacific securities, Fe0-
pies Gas. Sugar and the steal seculi les
generally all opened up. th0us = not above
previous high prices There was 10 news
10 account for the bulge IN Western
Union. which held persisisBIly after the
remainder OF the market had begun TO
tumble. The story circulated last Mon
day that the Postal system IS to be d b.
serbed receives little attention despite
the fact that the present is 50 much the
era Of consultations Mr. Gould Vas said
10 be buying. AtchisCn. common opened
a point higher than IL has ever sold be
fore but il soon went Of 10 below 81
and no particular significance was at
tached TO the boom.
NorfCIk aud Western. common. has teen
steady bur dull FOR . long time and the
opening squirt in this stock was cCnsid-
cred one % the most interesting of the
D3orniEs The recent e5TninEs Of the COM
paGy have been especially fine. This
morning the report TOR the first week OF
February was received, slowing an IN
crease IN gross OF S4d.3SG. London was
heavy buyer Of the stock
The breaks after the opening were most
conspicuous IL Sugar which went of from
~ 70 I2S and fraction. and in the steel
securities though in the active railway
amounting 10 point or more. The tumble
IN Sugar had Eot been expected as il open
Cd strong on he talk OF the benefit OF q
cOuB1erVallinE duty on Russian sugar. The
active steel stocks went on two points
Federal Steel 10 81 and Wire. common 10
q and a fractiCn. during the morning No
reason vas given for this weakness either. .
except thar an entirely uHwarI auJed story
Was sent cut nat the Carnegie deal viii
not 90 through II Was believed by many
that a sharp recovery might occur during
the afternoon. IN this group.
Tbe grose earnings Of the St Paul for
the FRS week Of February increased $50 =
oG0. The Missouri Pacific earnings in
creased S2IC90 The Louisville and Nash
vile increased s14 coo The Chesapeake /
and Ohi0 increased 80. COS. The Southern
Railway increased $6ISS6.
The Metropolitan earnings for the quar-
ter ending December 81. show a surplus