The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-02-18

lie market was EEIGtlC AAlS morning,
but on me Whole satisfactory 10 the bills.
with sharp advances in the higl- priced
shares generally after the opening in
Guiding the preferred Steel securities
Burlington soon went as high as IA, and
Rock Island doomed up 70 above 125.
Pennsylvania and New York Central were
both strong Federal steel. preferred,
and Steel and Wire. preferred, had a
sharp bulge during the first TWO hours
London was inclined 70 be weak, and the
opening quotations on this side were
down IN sympathy with the London mar
ket- The advance began during the first
five minutes OF the session The bank
statement seems 10 nave frightened no
enc, as the money outlook Is excellent
There is much hopefulness IN conserva-
tive quarters that the week will shcw
strength and a tendency toward higher
level The bulge in the q !gh-priced Sc
curities Is considered an excellent evil
dence that the important people are still
interested in the market.
Burlington and Rock Island we're per-
maps the features of the early trading. Il
had been expected that the boom IN Bur
lington would be continued this morning
The stock has now recovered the dividend
OF ! IL and the rights of IA, which
were taken of in the market quotations
IhB hEtHS ago = pEO4IEESul market LEd0-
er made wager Of 500 on Saturday
that the stock viii sell above St Paul
within thirty days Il seems entirely likely
that this viii occur Il ST. Paul is not
boOned, TOO, in the meantime. No news re
garding developments IN Burlington Is
heard IN the Street, though there Vas d
story. quickly denied. this morning that
Mr. Hill has obtained control Of the line
Instead of the St. Paul.
Rock Island has been very weak recent
y as Burlington Was last week. This
morning II opened around 124 and quickly
advanced TO IZ6 ga the movement being
very much Ike that Of Burlington in ap-
pearance. The other grangeTs we're strong
but did rot advance much during the ear
y trading ! prominent house predicts
that Atchison. common. viii have a fur
Their advance il the near future.
The preferred Steel securities were
Jumped up three points or more each from
Saturdays low prices Il seemed proba-
BE that this should be attributed TO one
81 the well-knOwn financial writer's who
predicted yes eTday that the preferred
shares WiI be the most sought after The
common shares however. are certain 10
have sheir advance. too. IL world seem.
The statement regarding the new steel
company will likely be made this week.
One stoTy IS that there win BE- s. Coz. eco
Of I per cent preferred stock ike amount
Of common. ana 50. oGg COO Of bonds Mr.
Carnegie is said 10 be scheduled for por-
tion of tha bonds Ia exchange for his bonds
fl the Carnegie Company and for about
81 04g, COO each OF The preferred and com
mon stock Of The HeW concern This would
leave about -. GO. 600 Of preferred and
Ike amount Of common stock for the other
companies 10 be Included IN the deal.
The tip heard in The Street last week 20
buy Western Union was in evidence again
this morning. The stock opened of more
Than 4 point. but soon recovered it's loss
II is thought that the talk Of the coal
miners strike may have depressing ef-
feet on the anthracite coal securities
though this Is not a thing to be too Ger
tain OF. Mr. Morgan Is in control of the
coal stocks and his people have acknowI-