The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1900-03-27
FlNANCIALA COMMERCIAL
Quotations Of Staple Products In the
Leading Markets.
new York stock, Money and Grain
Market Review

(By direct private wire to Louis 3. Col
cell. manager of Price. AoCoFmick q
Company's branch ofiics, No. 40 Aidois
street. Portland, Me.)
New York, March s6.-Ihs higher
prices which came from London resulted
in a high opening In the railroad Stocks
With eyfdsnoss Ct an active commission
house business. The industrials, how
ever, were neglected and the local trae-
tion stocks were under come pressure
owing to the uncertainty in regard to tins
assessment to be made under the sora
franchise bill London HOUSES were heavy
buyers notably Of Southern Railway
and o. & W., their fetal net purchases
for the day being estimated at from o.
90 to 10000 shares. The only STOCKS
which they sold were st Paul and NJ l.
Central, but their sales 10 these secuti-
ties were comparatively small.
SUGAR after q strong opening declined
and becams heavy, owing to sales CT long
stock by holders who are nervous In re-
Reri to the next dividend.
American Tobacco was neglected
throughout the whole day. The attempts
to attract outside buying by the circuia-
ton of rumors Of an increased DIVIDEND
are not bearing fruit. As a matter OF
fact the msuipulative tactics by the IN
siders In this stock are SO notorious tnat
when the rest Of the market is active the
public wisely leaves the Tobacco STOCKS
alone.
The greatest activity was In the medi-
um and low priced railroad stocks suon
as Southern Pacific, Baltimore and Ohio,
Union Pacific, Southern Railway com
mon, o. and W.T. nd Atohison common.
During the carly part Ct the day there
seemed to be considerable liquidation In
Southern Pacific, but 1t was well taken
and during the afternoon the purchase
Of 60 SHARES each by three different COM
mission houses caused q sharp rally. The
buying Is said to be based on an an
nouncsment made by q. p. huntington
that ID. o. Mills had become q director
of the company and that Mr.. MAoksy
would shortly join the board; the man.
ngement is now entirely harmonious and
there are runners Of = dividend later on
In the year.
Baltimore s. Ohio common was no
tably strong on what was called good
buying. At one time 1t actually sold
IA per cent above the preferred. There
is still absence Of news to account for
this abnormal strength, but the street Is
convinced that there Is some deal on
hand to just fy the recent phenomenal
rise. 1t reacted somewhat during the
afternoon on hammering by traders
who ascsrtsined that thers were some
stop orders per cent below the market
They were successful in uncovering
these stop orders. Peoples Gas was weak
during the entire session. 1t is stated
that the Ogden Gas company intends to
issue S., 600, coo bonds cf the $40, GOO COO,
an Issue Of which was authorized some
time ago. 1t is also stated that ths oom-
pany expects to enter into active COM
petition with the Peoples Gas company
The railroad earnings which came to
hand today were of satisfactory ma
ture. notably these Of the Louisville 81
Nashville for the third week In March
which showed an increase Of S466. sis or
about 10 per cent. Profit taking toward
the close caused moderate reaction, but
in the last half hour another buying
wave made It's appearance resulting In
a strong close.