The times., 1899-04-11

points or more, the last hour witnessing
another decline and the weakest period
of the day. Several stocks fell back close
to the low prices of Friday. The indus
trial securities were relatively weak and
the railroads relatively strong, the gram
gers, however, seeming inclined 10 sag
lower. People were not anxious to express
opinions yesterday as to the course of the
market today and during the remainder of
the week, but it could be seen that there
is no expectation of an immediate rally
at least. Perhaps today will see the low
est prices of the week. -.a,
There was one notable exception TO the
general tendency of the market yesterday,
the Vanderbilt stocks in general and Big
Four in particular. This entire group had
good advances in the morning hours
which were very well held in the after
noon recession, so that the securities all
had net gains for the day. The indications
of the days trading were that something
is to be announced with regard TO the Big
Four deal. and there was gossip TO this
effect in the street almost all day. II is
said that the Vanderbilts will get the
Monon, and the Wheeling and Lake Erie,
for the Big Four, but nothing positive in
the way of confirmation OF the rumor
could be learned. The course of the Van
derbilts was interesting. Big Four opened
at 81 after being as low as SO on Saturday,
and before noon had advanced to G3 rs.
In the last hour a part of the gain was
lost. the close being at 62 IA The buying
Of this stock during the morning hours
was spirited and 1t was apparent that an
attempt was being made to advance ii.
Chesapeake and Ohio followed the lead of
Big Four all day. The opening was at
. @ apl he tou nricn DS Il The close
was at q Ia New York Central had an
advance of nearly four points and closed
at 139 5-S or nearly three points above
the opening. Northwest and the Union
Pacifics were also strong in lesser degree.
The granger shares were the most dis
appointing on the list, the entire group
showing net losses for the day The back
ward spring and other unpleasant features
in the wheat and corn crop situation are
having their usual influence on the gran
gers, and the question is how much of the
pessimism regarding poor crops is war
ranted 1t must be remembered, however,
that even if the crops this year are not
large, there is a large amount of wheat
TO be hauled from last years crop which
will go far toward giving the roads good
business. 1t will probably prove 10 be the
fact later this month that he prospects
LOT ROOu lot lHtSS IOdiS VIII Dt
excellent According to the level of prices
recently ruling in these stocks, they can
be bought very low now and people who
have been close observers of their fluctua-
tions in recent years believe that they
should be bought Burlington went as low
as 1879 3-4 yesterday and closed at 140 as.
ST. Paul declined to lbs SIS In the after
noon and closed at 126. Rock Island went
down to 115 3-S at one time and closed at
115 "a only fraction above the low price
of Friday, which was 115.
Atchison preferred was the weakest stock
in the granger group, declining at one time
TO 50 and closing at 50 rs only. II will
be remembered that on Friday Atchison d.
clined only to 50 1-2, and that in the first
week of February after the big winter
boom. the lowest price reached was also
SO 1-2. Yesterdays price. therefore, was
lower than any since the advance in Atch-
ison eliminated. There was good buying
of the stock below go, but the selling also
was good.
Something may depend on the tenor of
the stock market, but there is good reason
to expect this week an official announce
ment, in some form, relative to the an
thracite coal roads deal There have been
so many statements of this nature that
the street is coming TO place little credence
in them. but the authority of this present
announcement is excellent.
The Federal Steel Securities were
perhaps the weakest on the list yes
terday the common stock dropping at
one time to SO. and closing at so 3-s
only. after opening at 81. The. pre-
ferred went as low as So 7-S and closed
at SO is. Liquidation was apparent al
nearly all times during the day In both
stocks and they were given no support by
Mr.. Flower. There was story circulated
with some persistence yesterday to the
effect that the Carnegie people are ln.close
conference with the Federal Steel concern