The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-08-19
Gnrernmcnt Ronas-

The market was weak al the opening
today. but soon gained strength, and be-
fore noon prices were not only well above
the opening. but as a rule considerably
better than the close on Saturday. There
Is no particular significance IN the mar
ket. which rs far as can be seen Is dOmi-
mated almost wholly by the professionals.
and not likely to make any important
movement in either direction NJ present
The news Of the strike over Sunday was
bad, beyond question, but II had no inuu-
ence on the market after a few small
people had Hquiiated al the opening. In
the same way 1t Is probable that the good
developments from day 10 day, n there
are any. VIII not be- productive OF much
result I'D the market movements at pres
emit Later ira the season. when the i'm
poTtauJ interests return to Wall Street.
careful people look for an advance IN
prices. believing that conditions warrant a
higher level These people are ROW buy
lls stocks CJuServatIveIy on the reactions
The news Of the morning was not i'm
p0rtaut- London sod American securities.
apparently on orders received from this
side. and intended TO influence the New
York market The strikers have gained
some ground since Saturday and they pro
Tess a confidence that portion OF the
Carnegie plants viii be forced 10 close
down shortly The Trust. on the other
hand, had made some though not much.
Roadway in starting plants with nom
union workmeu. The developments Of the
last few days seem 10 favor the WUrkmen
somewhat. The story that President
Hays. Of the Southern Pacific has re-
signed. and that the system will here
after be nun under one management with
the Union Pacific. has not been confirmed
officially. but the Street is inclined to be
H-ve IT, The sugar refneries generally.
led by the Sugar Trust. this morning cut
the price Of refined sugars 10 points max
ing the price of ETauulated 80 cents a
pound No reason Tor the move was
given.
The earnings statements for the second
week of August received today were an
good Missouri Pacific for the week show
cd an increase in gross Of $4,000. The
Chicago Great Western increase was SIS
7ls The Canadian Pacific increase was
SI3H. UJU The Wabash increase was $f2,i
The feature Of the morning market was
Norfolk and Western which opened be-
Tow "a and soon advanced nearly to 55 on
good buviug. said TO be largely for an i'm
p0rtaut clique. One Of the stories put out
was that the GoulGs We're large purchas-
ers Of the stock. This stock, with the
Southern Railway securities and ChesI-
Fgake and Ohio. are all considered good
purchases Iy careful people. the prospects
Tor the south generally and Tor ITS rdll-
ways in particular being especially rosy
Sugar was fairly strong around 49, The
cut Iu the price of refined sugars was
made first by the Trust The ArbUckIes
followed suit Developments are expected
iu tho sugar situation. and people that
have been familiar with the affairs of the
. Trust suggest that they viii not be con
slu'T,u IHlmIcal 10 sugar stock
The steel stocks both opened Off rather
| badly. but made good rccuvcrIes before
noon They were the weakest stocks on
I the list, however, as lar as prices were
concerned, aud comparing the level with
that OF last Friday and Saturday.
Washington stock Exchange.