The evening times., 1899-03-27

The stock market this morning mad every
appearance OF a continuance OF the great
boom. Prices went up rapidly with almost
no hesitation from an opening from half a
point to two points above Saturdays close.
Contrary to most peoples expectation there
was no recession after the high opening a
thing quite remarkable in view OF the
record of the last two days of last week.
| The entire list partook of the boom, and
although there was Of course special ac-
tivity in some stocks the market was
broader than at any time heretofore since
January. 1t is of little use 10 predict the
next immediate move OF the market There
should be some reaction from the extreme
ly high figures OF this forenoon, but none
may come today or tomorrow. The best
opinion TO work on now is that the bull
| market has started, and that if there are
| recessions they will be followed soon by
rallies and new high prices. This is the
belief of the best people on the Street
The Flower stocks were the best on the
list, as was predicted in this column yes
terday. Everyone of the favorites of this
astute gentleman was active and making
new high figures all the morning. Brook
lyn Rapid Transit was again the best of
this group. 1t opened at 120, an advance
over Sunday of over two points and soon
| had reached 122, a new high figure. of
SOuisS ldlh OI I'D IOT tne STOCK To-Day
was freely fndulged in and there seemed
every reason to believe that these predic-
tions would be fulfilled. The buying was
heavy, the public having in small way
gone wild over the tremendous squirt of
the stock in the last month.
Federal Steel Common was only second
to Brooklyn. 1t opened from 5S to Co. an
advance of two to six points. After drop
iyip tn I
climb again and there was every reason
TO believe that the opening high figure
would be reached before the end of the day.
1t is blieved by many shrewd people in
the Street that this stock will be the lead
er of the Flower stocks from this time on.
for several days at least, although they
are all so active that II is difficult to
choose between them, or to say that any
one is not particularly favored of fortune
Rock Island was buoyant and advancing
all the morning, as was Peoples Gas
The latter made new high record of bet
ter than 124 early in the day.
Manhattan and Metropolitan Traction
were perhaps quite as active as Brooklyn
although during the first hour neither of
them was traded in to the same extent
Metropolitan went up with a squirt sew
eral points and seemed strong at the new
high figure. Manhattan soon went above
Ill and looked good for better than 1l2 be-
fore the end of the day. The Manhattan
rights are to be filed today and the Street
is generally of the opinion that this will be
bull card. At the same time many care
full people are advising to take profits on
the stock which is most treacherous one
The grangers were very strong, Burling-
ton. Atchison preferred and common, ST.
Paul, and Great Western all showing much
buoyancy. The leader of this group dur
ing the morning was, however, Rock ISL
and, the Flower stock
New York Central was one of the fea-
lures of the morning. Its opening was
high, in sympathy with high price in
London and good buying for that account
1t is said in good quarters that this stock is
to have fine boom Immediately on some
most important announcement, the nature
of which is still In doubt TO the average
Wall Street man. 1t is noticeable, how
ever, that the Union Pacifcs and North
west are all strong, which seems to sug-
gest that the transcontinental deal of the
Vanderbilts is to go through.
Southern Railway is strong, and careful
observers of the market believe 1t will be
one OF the steadiest In the advance of
prices. -
Washington Stock Exchange.
Sales-U. s. 3's. Coupon, s.. 900 at 1oS Is.
Columbia Railroad SIS, $1,000 at ITO. Trad