The evening times. [volume] (Washington, D.C.) 1895-1902, 1902-01-04
BU0YANCY TN
STEEL STOCKS.
Advance to New ghPriC0S
On Heavy Buying.
A FAVORABLE REPORT EXPECTED
General Market Rather Dull. with
IBdustriaIs aud SpeciaItieS the
FeatuFes-HRnL Statement Not So
Good ~ ENpected-London Prices
for Americans Higher.

NEW YORK. Jan. 4.-Dealiues in the
Industrial stocks and the specialt.es fur
nished - far the bulk Of the transactions
in this mornings Stock Market. The rail-
way list and the local traction socks we're
comparatively neglected and showed few
movements of any extent or significance.
The dealings in the frst-named quarter
were comparatively active I'm ST. Paul
the Erie and Reading issues. Southern
Pacific and Pennsylvania bur as noted.
the net changes on the day were NOT very
considerable.
In the Industrial quarter. he couspicu-
Gus features were the United States Steel
stocks, both issues sdvsuoing-ou tromcnd-
GUS dealings and under the influence Of
both local and foreign buying. IS new
high prices. The Iise in these stocks was
again attributed TO the forthcoming diyi-
dend declaration and 10 the very favor
able statement Of earnings which IL Is ex-
pecJed the company viii make q, the same
time.
Buying of the Indu~trialS.
Apart from the steel issues. there were
fairly large dealings in the United States
Leather shares, the distlIing stocks and
Sugar Refining. Among the specialties.
the strongest features were Peoples Gas.
American Locomotive. Tennessee Coal and
Iron, Amalgamated Copper. Pressed Steel
Car. and Pacific Mail
The announcement OF the dissolution OF
the Injunction against the payment OF di-
vidon6s CT Boston and Montana stock ac-
counted for the advance in Amalgamated
Copper and was the most definite news
which could De cited in connection with
the movement iE this general quarter.
Rumors that dividend payments would
soon be resumed on Tennessee Coal and
Iron accompanied the advance in that
stock. but were not generally credited.
London furnished higher range Of
prices for American stocks AID foreign
houses were liberal buyers here during
the course OF the brief business session.
The favorable prospects for a strong
showing by the banks in their weekly
statement played some part in shaping
speculative sentiment.
Mercantile Reports Excellent.
There was very little news Of general
Importance over night. except that the
compilations OF the mercantile agencies
and Of the technical trade and financial
journals were practically all exceedingly
gratifying exhibits
The Stock Market closed steady and al
material rallies from the low prices that
were recorded after the rather dfsap-
pointing bank statement was published.
The United States Steel issues in par
ticular recovered very easy, and Ameri-
can Car and Foundry and American LO-
connective were in excellent request
Locomotive Company RumOrs.
1t was stated in regard 20 the last
named property that the company has on
its books sufficient orders TO keep all Of
its Plants running al their full capacity
until February OF next year. Reports that
dividends on the common stock we're like
y 70 be soon resumed were not however,
credited in well-informed quarters, as il
Is said that ia Is net the intention OF the
management TO begin payments of divi-
dends on that issue until after the first
years business has been completed.