The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-08-22

The chief interest In the market this
morning was in the fact that no break
was developed After such a continuous
and important advance as has occurred
during she past two weeks. especially
notable in the duIIest of the summer
months. each additional day Of firm prices
is of more than usual Importance. There
Is no. disposition. or little. to uquidatc
The pools continue 10 buy stocks and as
yet are selling little The public is not
yet in evidence 10 any great extent but
advancing prices are the lover that brings
the public Important Interests uudguBt-
eddy have been buying stocks for some
time past and AS the end Of August aD-
prOaches new market leaders will be get
ting back to town and % the Street IL
VIII be seen therefore that the outlook,
from purely technical standpoint. is IA
yOrable to the market. favorable to a
gradually advancing level of prices and
to a broadening Of speculation II may
not be said with safety that the favorable
tendencies have Yet overcome the sum
m-r inertia or that the present advance
VIII not he followed by "A decline. but
every added strong day makes a return
10 the level Of two weeks ago less likely
ne purchase Of securities Is advised on
the small reactions. and short sales iu the
hope Of a break and are advised against
The cOalers were perhaps the most in
teresting group this morning Both the
anthTacites and the soft cOaIers partici-
pated in a general advance % new high
prices during the first hour. and although
the group became dull later the advance
was well held as a general rule. The
Fries all advanced well. the first preferred
20 wei above g. and the common TO %.
The Readings were strong, though mac
tive. the common getting TO 1873 and the
first preferred To 1875. I'm the hard coal
a ton Is 20 be- made on anthracite al the
beginning of September is au especially
favorable Item. This advance will be- the
l!ilu 10 take place since May l. the total
increase IN the price being ~ cents q tom
The annual report OF the Erie Railway
a nne showing. is also a buIllsh item
In the soft coal group the talk Of a COM
biuation similar % that in the anfbr.,,fre
territory is the chief level the idea .yi-
IDENTIFY being that with such a combination,
tho trade viii Dee in such excellent con-
lIuou that profits can be increased hes,--
NY baltimore and Ohio jumped mo ro
lyi.-, Nprlplk and Western was firm al
o'-z' ana pennsylvania firm around IlG.
Theye were some evidences tina. the 70
cent dryers OF the grangcrs wer, selling
"a portion Of their holdings on th, straugrb
OF the coalers- The Atchisou securities
and St Paul both showed evidence of
liquidation IN lower prices and others of
the group were fracti0uaIly off fr-u YES
terday S prices On any further d,rIi1,
there Will be a renewal Of the good buy
ing OF the group as many careful uaorI.
nave come 10 the conclusion that IN.
break IN these securities much more rE4r
discount the probability OF damage 10 me
corn crop.
II Is officially announced that there will
be no dividend for Southern Pacific this
year The stock is strong despite this
fact ''
The Steel stocks were advanced well
this morning and the Street heard ru-
m"rs that Shaffer was ready % acsuovyI-
edge the utter defeat Of his strike Roth
the buying of the stocks and IN. r4rnors
appear 10 have cmauated from Tho ss,-u-
dictate in the stocks.
The statement of the International Pa
per Company. published this morning WAS
an excellent one. Gross earnings for the
Malaria, ChIIIS, md Fever
Quickly cured by taking EIixcr Babek