The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-06
TIE STOCK MARKET FIRM
Trading Very Active With Several
Sharp Advances.
The Railway Shares Again Lead the
List-Penns.IVHniaa and New York
Central Conspicuous-Peopl Gas
Influenced by Favorable Chicago
Experimentation shares steady.

NEW YORK, April 5.-The trading in
the stock market continued exceedingly ac-
tive today. with the dealings very well dis
tributed throughout the market After
somewhat uncertain opinion, which was
chiefly owing to the disappointing attitude
of London. the market developed Z gem
orally firm tone, and there were a num-
Der of exceedingly sharp advances made in
particular stocks. These were notably
Missouri Pacific, Chicago and Northwest
erD, Pennsylvania, Lake Erie and Western,
and Baltimore and Ohio. All OF the an
thracite coal stocks were also dealt IN at
sharp advances, and among the bituminous
coal stocks the Hooking Valley issues were
conspicuous in strength and activity. The
strength of Pennsylvania was attended by
the usual sympathetic movement in New
York Central. After the opening. the deal
ings In these stocks quite overshadowed the
trading elsewhere in the market There
were really no actual. definite developments
in any of these properties to which their
tendency could be specifically referred.
The heavy buying that appeared there
seemed TO be altogether based upon re-
cent developments going TO show the ex-
tent TO which the railway mileage of the
country, from the Mississippi to the Allan
tic Seaboard is passing under sympathetic
control, in the way of harmony OF rates,
reduction of operating expenses and Of
course. in heavily increased net profits,
The pronounced advances made in the
cases cited were paralleled in a number
OF other stocks Peoples Gas. for example,
after opening very weak advanced with
exceeding rapidiiy upon the receipt of
advices from Chicago setting forth the final
settlement of the gas situation at that
point. Full details of the settlement were
not given, but the information in question
started lively covering movement hy the
shorts In the stock. Sugar Refining was
the only member OF the industrial group
in which any considerable animation was
present. The stock had very firm tone
during the greater part of the day for
which. perhaps, the impershsble Tumors
that settlement of the trade war was
progressing had something to do. The re-
mainder Of the Industrial quarter was
rather heavy, particularly the tobacco
stocks.
The local traction shares were likewise
steady, with little that was definite in the
way of news or gossip attending the deal
ings in them. Regarding the dealings in
the market at large, in might be said that
notwithstanding the pronounced rises
which were scored in number of cases,
The trading was marked by some uncer-
tainty, and no little irregularity character
lied the days price movements
Further returns of railway traffic for
the final week Of the month were sub
mitted today aud large number of re-
markedly handsome increases in gross
earnings were shown. The Southern Rail
way Company, the Louisville and Nash
Vile, and Missouri Pacific as has been
the case for some time, reported the most
noteworthy gains. Todsys figures OF the
transactions between the banks and the
local sub-treasury showed n gain TO the
former since last Friday of over s.. SOC 900.
Az was TO be expected in view of current
money movements, money was in liberal
supply throughout the day. Sterling
exchange on the other hand, was decidedly
frm, Notwithstanding a material relaxa-
ton in London discount rates. While
London furnished a lower range Of prices
for American stocks. the dealings here for
that account were i'll lighter volume than
for number Of days and were on balance
moons idera BILE.