The evening times. [volume] (Washington, D.C.) 1895-1902, 1902-01-17

entirely and the advance is not TO hc
considered. conservatIvely. anything mon,
than a legitimate recovery from the sharp
aecIiIes OF last week.
The outlook is that The market viii con
t'rue narrow and rather unintore-riug &C..
some davs ar least. The eood Fee ture cI
the situation is that business become.
dull on the declines which seems 10 indi-
cate that there is little stock for sale
around the present level Oh prices. On
the other hand. however. dulIness also
cusUes as soon as the cliqUes pause ia
thoir periodical buying movements. which
is quite as clear an Indication that the
nealic does not want 10 buy stock al pres
tu:.
Tue insiders seem 10 have the key tC
the immediate situation. and they. per
haps, are waiting FOR reel conditions 10
develop before developing The STOCK Mar
ket IN harmony with them.
Northern securities Gossip.
There is much uncertainty over the
Northern Securities matter, and while the
big people all profess TO believe that the
Morgan-HHl cotcric viii win in the end.
ness until the event has been accom-
plishej.
One Of the dispatches from Minnesota
says that sentiment in the State is chang
ing and that the railway cause is gaining
friends rapidly among the farming people
especially This. if il is a fact, may have
much 10 do with the final outcome Of the
business. II Governor Van SAINT made his
attack on the combination because ne be
lleycd il would be a popular move in his
state. as seems not unlikely. and II he
now soon discovers that he has made
mistake his zeal may possibly 90 into
eclipse a. any time.
Recovery Of Delaware and Hudson
The coal securities we're among the
strong features al the morning. Della
ware and Hudson recovered three points
OF its recent sharp decline. selling as high
as lt5- This was 10 have been expected
in any fairly strong market. as the people
that sold the stock last week were of the
professional element entirely The out
look for the stock as q permanent { per
cent investment is satisfactorily assured.
The Reading and the Fries were all fairly
strong, in harmony with the condition Of
the anthracite trade.
More Northumberland Rumors.
Manhattan was strong with an advance
before 1 o'clock to 1877 and better. The
selling Of the stock recently by the specu-
latiye fraternity has been rather too
DrecipIJate perhaps. and a story publish
ed this morning. by one OF the important
New York dailies 10 the effect that the
New York Central Manhattan combine
ton has not been given up. seemed to
brighten these people. The story. to the
extent OF two columns, Is that the new
stock issue proposed by the Central di-
rectors is in reality for the purpose Of
getting money 30 purchase a controlling
interest in the Manhattan Company.
il is impossible 10 say that the state
ment is not based on inside and truthful
information, but II has against IL the
fact that during the past two years half
q dozen similar stories have been printed
on what seemed TO be COED authority. and
all Of them have proven 70 be without any
foundation.
Sugar scores Another Advance.
Sugar continued TO improve this morn
ing II sold az 1924 before / o'clock and
the buying seemed TO be OF a persistent
nature.