The times., 1899-03-18

aScrlDed TO the movement in II wholly.
1t is most interesting. however, to note
those securities which seemed most easily
advanced under cover of Sugars strength,
Chicago Gas and Brooklyn Rapid Transit
were perhaps the next best stocks on the
list Both were bought heavily and both
made new high records. Brooklyn showed
every sign of having started on its boom
and reached 103 3-S during the day There
was some recession from the figure, but
at all times there was good buying at every
eighth off. Mr.. Flower was said not to
be buying the stock but there can be no
question that he is in sympathy with this
movement and ready 10 support it at any
time. II is not thought that any decline
which may come today or early next week
will send it to below par. AS for Peoples
Gas, Mr.. Flower was unquestionably the
engineer of the movement. At one time
during the day 11S rs was reached and
the reaction in the last hour was only to
III 81. 1t has been intimated for several
days that Gas would be the first of the
Flower stocks to move, and it would not
surprise the street if the advance IN it
were continued today.
Burlington was bid up TO 143 1-2 at one
time during the day, but later reacted to
40 1-2 and closed at ,140T-S. There was
talk of a comprehensive refunding scheme
at one time, but apparently it was put out
simply 10 help the stock. No authentic
news of any new plan by the company could
be learned. The other grangers were
strong with the general list in the morning
hours, but reacted later TO below the open
ing prices. There is good buying of these
stocks, including Atchison, at every reac-
tion, apparently on the prospect of good
wheat crop, foreshadowed by lower prices
for wheat Atchison was sold down TO 60
yesterday, but refused to go lower,
although large blocks OF stock came out.
The ST. Paul statement of gross earnings
for the second week of March makes the
usual fine showing.
Manhattan disappointed its friends yes
terday by going off nearly three points in
addition TO the dividend. The close was
at 105.
Tennessee Coal and Iron was one of the
surprises of the market. Ii went above
80 in the early part of the day, and stayed
there with very large buying apparently
by insiders. This is the highest price reach
ed by the stock since twelve years ago, in
1887. Talk of the fine prospects in the coal
and iron trades and hints at develop
ments' accompanied the advance, which,
it is believed, may be engineered yet furth-
er by the clever crowd which is evidently
working to unload on the public. Colorado
Fuel and Iron was also strong, apparently
in sympathy with the Tennessee company's
stock.
The anthracite coal stocks are waiting
for the announcement of the agreement of
the companies as TO rates and output. 1t
may be stated on the best authority that
there has been no dropping of the deal
and that matters are now simply waiting
for the adjournment OF the New Jersey
Legislature. There has been talk in New
Jersey of legislating against the trusts,
and Mr. Morgan and his friends do not wish
10 endanger the agreement by broaching
it while New Jersey is in this frame of
mind 1t is confidently believed that coal
will be mined and sold at 4 profit here
after by these roads. There were declines
| in the coalers yesterday. but there are
people waiting to buy them when they
| begin to move.
| Louisville and Nashville was very weak
yesterday, reaching the lowest price since
last December. No news of the road was
heard. 1t is believed that the stock is a
safe buy at this price
Trading on the local stock exchange was
| active and diversified yesterday, and large
amount of stock was bought and sold.
| Eleven different stocks were traded in.
Prices generally were advanced, though in
|
| ty was sold for $50, and Washington Loan
| and Trust for 151 Mergenthaler sold yes
| terday for the first time, eX-dividend.
There was a recovery OF 50 a share of
| the dividend, the stock selling at lS5.
Washington Gas was still strong at 5S and
| 5S l-2 although the amount of stock sold
was not as large as on recent days. The
| interest in City and Suburban Railway is
| still maintained, and the price was bid
UP yesterday to 45. One purchaser yes
| terday bought 1000 shares of Pneumatic
| Gun Carriage. Hints at favorable devel-
| opments in the affairs of the company are
| heard on the street. '
New York, March 17.-Bradstreet's of to-
! morrow will say:
IAN activity, which in some directions
| represents the continuance of pre-existing
| conditions and in others reflects a special
| impulse communicated by the nearer ap-
| proach of spring, forms the leading note
| of this weeks trade advices. In the iron
and steel industries, activity continues un-
| abated the upward tendency of prices be-
| ing strikingly maintained, and the eager
ness of consumers to take the product re-
naming unchanged The more springlike
! weather has induced a greater keenness
| in the demand for seasonable goods, ana
| from most sections of the country CONS
| reports of a marked activity in 1obblns
! lines, having TO do with drygoods, miili-
merry, and footwear. Cotton fabrics gen
orally are in a strong position. Wool does
, not display any animation, though prices
! are maintained The lumber trade exhib-
! its every indication of activity, reports
from widelyseparated points indicating a
| demand moro narticularly for hard