The Washington times., 1903-01-26
MARKET STRONG ON
LONDON ADVANCES
IN THE WORLD OF FINANCE.

IN HE WURLU UF FINANGE.
The Venezuelan situation rs The domi-
nanr factor in the market Optimistic
news his morning accounted for the
better prices Advances were general
/ throughout the list
New York advices from Berlin state
that The powers are Jointly considering
The guarantees offered by Minister
Bowen in behalf OF Venezuela. and add
that the blockade will be raised imme-
diateIy if these guarantees are consfd-
/ cred satisfactory.
This dispatca. with the statement
given out by Mr.. Bowen. that ne antici-
pated speedy and satisfactory settle
ment OF The controversy are responsible
for the better aspect Of the market
There is a belief in some quarters that
a better general tone viii develop in
consequence on the market.
On the other hand. there is evidence
that those in The know anticipate no gen
eFai advance. Pending Venezuelan set
Element, commission houses are advIs-
holding entirely al0of Under The cir
cumstances. the natural tendency is d
sagging one and prices are only keu>
from declining more by the support ex-
tended by the various pools
prominent bank officials of New York
say that big operators expect @ dull
market to prevail for weeks TO come
Many are going South on vacations. Nu
continued upward movement is to b
looked for until much later en-. accord
ing 10 this view.
Conflicting reports regarding The South
American situation in the early morning
threatened lively and erratIc fuctua-
tons From Caracas and London word
was received that the blockade would be
raised in forty-eight hours Berlin ana
London sent word that coercfve meas
Ures had been agreed upon by the pow
eTs- New York seemed TO know that
Washington had been assured BY Ger
many that the KaiseF's government haze
no Intention 10 assail the Monroe Dor.
tTine, nor to assume a foothold in South
America
London quotations reported the mar
Eet there for American stocks. firm
with prices generally 4 TO y above SAT
uTday closing on he domestic market,
ST Paul, Erie. and Capadian Pacific were
= higher and Illinois Central and Louis
vile and Nashville were up point.
The features OF the morning were the
coal carrying roads. Reading and Erie
both showed good advances Erie com
mon and Erie preferred both advanced
over a point Advances of one-haIf o.
a point were common in the railroad
list
Regarding rumors from the West tha
the Rock Island has made an offer 10
take half interest in the Atchisor.
President Ripley says there is no truth
in the statement. The only relations he
tween the roads which may be confirmed
by official action viii relate to traffic
contracts and the limitation Of extcn-
slons- The diversified control OF com
mon and preferred stock. precludes anv
attempt TO obtain a controlling interest
The cotton market resisted decline al
though in Liverpool the movement was
decidedly bearish. This movement was
assumed TO be speculative and not prom
erly charged to the account Of inter
national disturbances
Moore Bros sold 5000 shares Of S..
Paul on the Stock Exchange. and we're
heavy sellers all over the room.
Harris & Gates were good buyers Of
wheat this morning supposed to be from
the Armours
New York brokers say that there has
not been so little Out-of town business
IN stocks for long time and explained
TINS partly by the fact that Chicago and
st Louis traders are devoting most Of
their attention 10 grain speculation. 4
This. il was thought, largely accounted
for the small return OF money from
those centeTs.
II is said that large amounts Of in
terror money are in New York 10 be
loaned. but banks that have il are unable (