Evening star., 1902-01-11
Somewhat Better Feeling in Stocks
on New York Board.
COAL SHARES WERE WEAKER
Influence of Delaware and Hudson
Still Felt.
GENERAL MARKET REPORTS
specIa, Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, January ll.-Speculative
sentiment at the stock exchange while de-
cfdedly mixed In character reflected some
small Improvement In the volume of COM
mission house business. The railroad stocks
were well supported as a class, and actual
accumulation seemed TO be in progress IN
Union AMI Southern Pacific. The stocks
named are subject to the influences OF two
distinct market elements. one purely spec
ulative and the other interested In larger
and more permanent results
Up to this time the latter has managed to
control the situation, and the buying is
perhaps as good as any in the market
Atchison issues were well bought, in spite
of the proposed bond issue Inside interests
are quoted as being certain that stockhold-
ers will approve the issue once the facts
are known. The buying today was OF such
character as to discourage an extension
of the short interest
The Traction shares were only steady.
but the professional element is inclined
to regard them as being subject TO rather
violent fluctuations because of the fran
chise decision now pending
The coal stocks are heavy at the end OF
the week because of the dividend dIsap-
pointment in Delaware and Hudson. and
Nut pTOSpeCIS IOr only the usual rate
Erie first preferred. Readings, for spe-
cial reasons. are better situated than their
neighbors, and are expected to assume new
prominence at the first sign of general i'm
provement.
The Gould stocks were heavy and there
is lack of confidence in some of the plans
credited to that system. On the other hand
the Vanderbilt issues and Pennsylvania are
thought to be making progress OF a most
encouraging nature. from the standpoint OF
the shareholder. Panhandle reports earn
ings for 1901 equal to 10ls per cent upon
the common stock, and the recent buying
by Philadelphia houses is said 10 have been
for interests close to the Pennsylvania man
agement.
The weekly trade reports all reflect pros
porous conditions, and a shortage of rail-
way facilities is noted in several sections OF
the east and middle west. The iron and
steel industry is in splendid condition, and
orders are In volume certain to insure an
active year.
The Cleveland financial situation, as indi-
Gated by yesterdays failure. is a bad sign.
and there were rumors of one other similar
out that the fact of letting such a rela-
lively small Institution tie Euclid Ave-
nue. Trust Company fail is sign of weakness
in other directions.
A million dollars would have prevented
this action probably. but instead of this
the money has been held to strengthen
situation which the collapse of a street.
railway syndicate has brought under sus-
picion. Today's rumors were not con-
confirmed and IL Is hoped that there may
be no good grounds for them. Talk of gold
exports has been revived and traders are
making the most of IL. There Is already
a large short interest in the active stocks
and any extension OF it may work a sharp
rally.
The bank statement reflects a gain of
S. .631 500 In lawful money, or nearly 81 Uoo-
600 less than the known movement Tue
loans have been reduced 8, ,3OQ. 800 and the
deposits are larger by S7S,5Oo. The net
result is an increase of s.. 442 ST5 In the re-
serve, making the total 81, 953 400