Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-01-24
Price Movements Today Show
ed Greater Uniformity.
TONE ALMOST BU0YANT
Stock Absorption Yesterday Disposed
of Bull Stories.
SOME STATEMENTS OF EARNINGS
Foreign Markets Were Generally
Hopeful in Tone and Firm in
Prices-Americans Irregular.
Special Dispatch to The Star.

tiffihi bhpdIcn 10 Inc othf.
NEW YORK. January 24.-Greater uni
formity shown in price movements in
today's stock market and in the character
of the dealings than has been witnessed in
many sessions For the greater part OF
the day the tone OF the market was almost
buoyant and general progress was made
IN the upward movement that was indi-
Gated by the vigor with which recoveries
set in yesterday afternoon after the salu-
tary shake-out of the morning.
To an extent the market was helped by
the improvement In the wire service to the
west. and doubtless the gratifying change
from the depressing weather conditions that
have prevailed lately had something to do
with the optimistic feeling which obtained
in the speculative precincts and purlieus
Moreover the speculative contingent had
apparently decided that the bull movement
was hardly near elimination when such
quantity OF stocks as was dumped over
board yesterday morning could be absorbed
with so little net effect on prices.
The fundamental conditions do not change
because the superficial character of the
stock market presents shifting phases goes
without saying, and In the course or the
routine news Developments today, there
fundamental conditions portend.
Annual Earnings.
tut tAdiupiS, tHt IcpoiV VI tic
North American Company showed total
profits for the year Just ended of not far
from 100000 after the payment of divi
bends and commissions an increase of con-
sIderably moro than three-quarters of mil
lion dollars over the figures for the CORE
spending year previous
The statement OF earnings made by the
Central Railroad of New Jersey for the
six months ended December 81 last showed
q surplus after fixed charges, taxes and
deductions for betterments and improve
ments that was an. increase of about three
quarters of a million dollars over the sur
plus for the last six months of 1904. and
without allowing for the deductions on ac-
count of improvements showed that the
road was earning at the rate of 30 per
cent on It's stock.
The Chicago and Northwestern reported
gross earnings for the six months ended
December 81 last that exhibited an increase
of more than $4,000 over the amount for
the corresponding period of the preceding
Year.
Since the winter from the first of the
year has been practically unchanged In re-
spect To mildness from the conditions that
obtained in December it is only fair to as
sumo that current earnings are maintained
al a high level.
Union Pacific Dominated.
Union Pacific was the dominating feature
of the opening. and continued to hold the
center of the speculative stage throughout
The day. The initial transactions We're In
large volume, and at a maximum advance
of almost ? points from last nights close.
There was hardly room for doubt that the
opening was accomplished largely at the
expense of the short interest. but az the
same time the interesting fact was obviC~
that the demand for the stock was more
than adequate TO the offerings, and shortly
after midday, after a morning of very heavy
dealings, the price was raised rapidly until
it crossed 100. making new high record