The times., 1899-11-30
TIE MARKET IRREGULAR
Great Interest in Pennsylyania's S
Control of the B. & 0.
Recent Reports Regarding the Big
Railway Deal UnofIiciany Confirm
ed Middle Priced stocks Firm
Throughout the Day - Declines in
General Electric and Leather.

NEW YORK, Nov 29.-Tha surmise ex-
pressed in this column yesterday to the ef-
feet that forthcoming developments would
show that the Pennsylvania Railroad would
hereafter exercise potent influence in the
affairs of the Baltimore and Ohio was
amply. if unonicially, confirmed today Il is
understood that a syndicate headed by A
J. Cassatt, has purchased a very large in
terest in Baltimore and Ohio stock and the
holdings of the syndicate together with
those of other parties already largely in
terssted. are sufficient to absolutely control
the Baltimore and Ohio in the interests Of
the Pennsylvania IL was estimated today
that, through the sympathetic operation OF
these two great systems, the saving in ter
minal expenses and in other ways would
run up into the millions OF dollars an
nually 1t goes without saying that the sta
bility of traffic rates would be immeasur-
ably furthered and, in short, the transac-
tion deserves 10 rank among the very
great deals in railway history. Owing to
the personnel of the syndicate, interest is
naturally diverted to the railway situation
west OF Chicago. The same parties in in
terest in the present transactions are domI-
nant in the affairs Of the Chicago and Alton,
the Union Pacific, the Great Northern, and
the Kansas City, Pittsburg and Gulf.
Todays stock market, while somewhat
/ irregular, was in the main steady All on
the middle-priced stocks were particularly
firm. and a sharp advance in Pullman Pal
ace Car made that stock conspicuous among
the higher priced issues Sharp declines were
noted in General Electric and in United
States Leather common. The weakness in
the frst-named was doubtless owing to the
announcement that the greater part of the
contract for equipping the Manhattan Ele
yated Railroad had been awarded to the
Westinghouse Company The downward
course of Leather required no particular
/ explanation. The comparative heaviness
of New York Central was probably owing
to disappointment that that road was not di-
rectly included IN todays announced trans
action. as was intimated in the garbled
accounts of the business published this
morning
London furnished a higher range Of
prices for American stocks. and foreign
houses bought upward of 10000 shares of
stock here, on balance, in the course
of the morning. The publication this morn
ing of the provisions Of the new currency
bill did not appear to exercise much in
fuence upon the days trading.
The money market gave no cause for
+ concern today, although it was stil firm
and active.
Today's dealings IN the aggregate did not
attain very large total, trading bei1g
restricted in the earlier part of the day by
the apprehensions that yesterdays furry
in the money market might be repeated
and also on account of the suspension OF
/ business over tomoTrow's holiday. Aside
from Leather common the days market
did not furnish the sensational movements
that were noted yesterday, nut throughout
the day an exceedingly firm undertoDe
could be detected Notably strong features
Of the market We're Manhattan Railway,
Southern Railway preferred, Chicago,
indianapolis and Louisville, C. c. c. and
St Louis, and Chesapeake and Ohio. In
the industrial quarter the shares of the
American Linseed Oil Company scored d
pronounced rise