The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-02-04

There was another advance in the Stock
Market this morning, prices in all parts
Of the list showing gains on heavy and
persistent buying orders This was as
should have been expected me Ink
statement last Saturday was not good
one, but all other developments IN the
business situation last week were entirely
satisfactory Many of them were CT
nature 10 create big enthusiasm in bullish
quarters. The market people seem 20
have considered the news Of the Southern
Pacific Union Pacific deal, and the other
railway and Industrial news Of Friday and
Saturday more important than the show
Ing of the bank statement. and therefore
the buying al the opening was larger than
the selling Atchison common stock, Tn
ion Pacific and Southern Pacific, Missouri,
Kansas. and Texas. common and preferred,
and Southern Railway, common and pre-
ferred were The buoyant securities in the
railway list while the Steel securities
generally. Sugar and Peoples Gas were
the industrial features. All Of these
stocks advanced handsomely, from point
to three or four points. in fact.
Union. common. went above 90 during
the first hour. Southern Pacific advanced
3 point or more from the low price
reached after the bulge on Friday Trad
ers generally seem 10 take the same view
Of the extreme importance of the Union
Southern Pacific deal that the important
people do There was much covering OF
shorts in these two securities and much
going long OF them this morning, even al
though they have advanced handsomely
already.
Pacific Mail was extremely errstic.
dropping : II points at the opening and
then jumping back 70 46 again Apparent
BIZ conflicting emotions. They are afraid
that the Subsidy bill may not be passed
and al the same time they believe that
the Mail Company VIII be greatly benefit
ed by being taken into the big Vanderbilt
combination with the Southern Pacific.
Sugar was one Of the most buoyaut
stocks on the list. Jumping 10 I3g during
the first hour. No particular develop
meGts regarding the Sugar Trust ~anne 10
light. but some Of the careful market
people have been expecting an advance
IL this stock Il the general market should
be strong this week.
Forty railways during the third week OF
January showed gains il gross earnings Of
1913 954 or 125 per cent. Fourteen lines
for the same week showed decreases Of
$40 g13. or 90 per cent The VII lie mum
Der Of railways so far reporting therefore
show gain Of Sj5o.Ozl. or 81 per cent
The steel securities advanced handsome
y during the first hour in a nay that
showed The Street TO be optimistic regard
ing the steel combine"
The Street IS looking for further an
uouncemeuts OF railway deals" and
rightly. for the present year is likely to be
the year Of deals FOR some time TO come.
The newly discovered principle Of com
munlty OF ownership IS too valuable TO
be allowed to 90 unused. The AtchisoD
system is now attracting the attention Of
the theorists. There have been hints that
took in the AtchisOn but as yet nothing
definite has developed. Il is seen BY rail-
WAY people familiar With this new prin-
eiDle. however that the Atchison is GER
tain 10 figure sooner or later in the plans
Of the big clique Meanwhile there is pool
buying Of the securities Of the company
OF al important scale and the prices Of
the stocks are higher than they have ever
been before The common this morning