The Washington times., 1902-01-18

NEW YORK. Jan. 1S.-The further rise
in prices in today's stock market was at
tended by only a moderate increase IN ac-
tivity, but. on the other hand. interest
was better distributed than of late. and
there were some small gains in the bust
ness Of commission houses.
Little Particular News.
The movements in the anthracite cosl
stocks and The miscellaneous issues were
very extensive. although, as i matter of
fact. there was very little news. either
general or particular. The preliminary
estimates Of the weeks money move
ments fcreshadowed heavy gain in re-
serves in tomorrow's bank statement. and
in the absence of anything else the views
in this respect were something OF fac
tor in the trading.
The dealings here for foreign account
were only nominal in extent, and the
London stock market was somewhat re-
dictionary after its sustained advance OF
the week. In a general way the steadi-
ness prices showed might be said to be
incidental to The close Of a week where
in the bulk of the selling has been for
the short account.
Western Liquidation Stops.
The heavy liquidation by Western
houses which was a feature of the mar
ket earlier in the week seems to have
been concluded. a circumstance naturally
inducing greater caution on the part CT
the shcrt interest. Less attention ap-
peared to be paid to the several unfavor-
able and uncertain features of the gen.
eral situation which have been engaging
discussion for the past fortnight; and
notwithstanding the still professional
character of the trading, the latter had
more cheerful appearance than 1t has
shown for some time.
Fairly SensationaI Advance.
In the anthracite coal stocks fairly
sensational advance in Lackawanna pre-
ceded very heavy purchases of the Read
ing and Erie stocks, under which note
worthy rises were scored, particularly in
the first named. The Erie preference
shares also advanced snartly, the move
ment there being to some extent perhaps
based upon next weeks meeting of the di-
rectors to act upon the dividend on the
first preferred stock.
No special gossip attended the heavy
dealings in the Reading issues. Another
market group wnlch showed ueciuSl
strength was that comprising Missouri,
Kansas and Texas, st. Louis and South
western, st. Louis and San Francisco.
and Missouri Pacific. The Valderbilts
showed increased activity, particularly in
the New York and st. Louis stocks.
Traction Stocks Strong.
The local traction stocks were all
strong, notably for Manhattan Railway
and Brooklyn Rapid Transit, presumably
liz connection with the hearing before
the referee of the final arguments against
the Ford franchise law.
In the industrial quarter and misccl-
laneOus stocks there was steadIness. The
bond market was active and generally
strong, particularly for Consolidated To-
baceo fours, while there were large deal
ings in the Atchison issues, Mexican Cen
tral incomes. and Wabash debentures.
The market retained its strong tone
throughout the day, aE9 the closing prices
in many cases were the highest scored.
American Tobacco made further SEN
satiOnal advance, and in the later deal
ings ST. Paul scored conspicuous rise.
Money on call was quiet, at 3GiIs per
cent.