Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-01-26
Stocks Higher on News From
Venezuela.
IN ENTIRE LIST
COMMISSION HOUSES COMPLAIN
OF DULL BUSINESS.
Activity in Erie Issues Was the Eea-
ture Of the Market in
Afternoon.
ecial Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, January 26-American rail-
way shares in the London market showed
little more activity and strength the i'm
provement running from Y to u per cent
over our closing prices of Saturday.
In the local stock market there appeared
to be better feeling in regard to the Ven
ezuelan situation. The rumors in regard to
that matter were favorable to an early lift
Ing OF the present annoying blockade and
or a final peaceable settlement of the whole
question by arbitration. The higher quota
tons from London were also helpful. but
there was not much outside business done.
commission houses generally, complaining
OF the lack of out-of-town orders.
This was rather disappointing to the
larger interests at the start. The bear
traders were inclined to take advantage Of
this fact, and to resist the slight advance
shown in the initial prices. The market for
the first half hour backed and filled once
or twice before there was any decided tone
developed, but at the end Of the first hour
there were numerous substantial gains
made in the active list.
Manhattan advanced to 152E against an
opening price of 1904. St. Paul gained y
from its early low figures. while Union
Pacific. Baltimore and Ohio. Southern Pac!-
fic. Canadian Pacific, Missouri Pacific aud
Atchison all scored gains Of from " to y
per cent.
In the industrials General Electric ad-
vanced sharply from its opening level. and
there was q gain Of over / per cent In
Sugar and fractional improvements in Cop
per and the steel issues.
The coalers. under lead Of Erie, which
showed at one time an advance of IL per
cd vxyon nd hnr xvor
buying orders In these Issues for the for
eign account Soon after the first hours
speculation the market again developed
great dullness. but prices on the whole held
their gains remarkably well considering
the Discrimination to trade.
Up to noon there were only 1872 700 shares
dealt In. London's transactions amounted
to about 5000 shares, nearly all Of which
were purchases 1t is said the protective
committee organized to work in harmony
with the Chicago city officials in improving
the traction facilities there are meeting
with good success, most Of the stockhold-
ers Of the companies interested having ex-
pressed their willingness to put their stocks
In the hands Of the committee, and empow-
ering 1t to take the necessary steps to-
ward improvement of public necessities Of
travel and a more aniable feeling between
the different companies and the city au-
thorities.
While the early afternoon trading con-
tinued very dull and inactive, prices i'm
proved fractionally throughout the active
list. and there was a special movement in
Peoples Gas. which carried that stock to
10ok on few transactions, a gain of nearly
2 per cent from its early low figures.
Baltimore and Ohio also showed a little
more strength and the Erie stocks were
better held than the majority of the coal
ers. The buying in these issues is said to
be better than the selling. and 1t Will not
be surprising to good judges of the situa-
ton to see all classes of this security do
better in the near future.
There was little more activity around
the delivery hours and some good buying
on the rumor that England had decided to
raise the blockade Of the Venezuelan coast
at once AS this rumor comedies with the
earlier news in regard to the action Of the
allied powers. the traders were led to cover
some of their outstanding short contracts,
causing the best rally of the day, as stocks
appeared to be not over plentiful In the
loan crowd, and the active issues rallied
easily.
This was especially noticeable in ST. Paul,
Baltimore and Ohio. Union Pacific, Missouri
Pacific, the steel stocks and Southern Pa
cific. Canadian Pacific was bought by the
Canadian pool operating in that stock, and
gained about IL per cent over the opening
price.