The times. [volume] (Richmond, Va.) 1890-1903, 1900-03-27
PRICES STRONG
ON STOCK MARKET.
Though There Were Some Quite
Sharp Reactions.
THE DEALINGS WERE HEAVY.
Tho Final Rally, While Not Bringing
Prices Back to tho Best, Made the
Closing Firm-Bonds Continued
Broad and Active.
NEW YORK. March o6.-Thc stock
market to-day made a remarkable

->ia@ YORK, March 2G.-Thc stock
market to-day made remarkable
demonstration Of strength in the prices
t 1h securities e and of absorptsve power in
me lace OF liquidation for profits. Sharp
reaction from best prices were made In
many stocks. and others which have been
g me recent farorites among spectators
Tor O rise were heavy on realizing of pro-
hts throughout the day, but the general
level OF prices We're decidedly higher on
me day, and a very heavy aggregate. of
stocks were marketed
Dealings were more or less congested
IN the usual leaders of Stock Exchange
movements. but there was very broad
market for usually dormant stocks. some
OF which have not made their appearance
In the records Of transactions for many
weeks past.
London was an eager buyer in this
market. and while there were sales for
that account to take profits where re-
cent advances have been considerable.
the disposition of the foreigners seemed
10 be 10 reinvcst their profits in other
stocks. They were free sellers Of Nor
folk and Western and OF Baltimore and
Ohio. but the purchases on London ac-1
count of fully 10000 shares far out-bal-
anced the sales. The commissiOn-houses
had large orders to buy, which had accu-
mulated over Sunday, and the profess
SIGNALS took advantage of this demand
TO market their holdings. This. coupled
Wan The weakness Of the local traction
stocks. Sugar and Peoples Gas, turned
prices back before the end of the first
hour but the buying continued in I'M
abated volume and carried the market
upward again
Later in the day. when the buying
orders had been executed and realizing
deeloped In the trunk lines, the market
went off again. The final rally did not
bring prices back to the best. but 1t
made the closing firm. Baltimore and
Ohio common rose an extreme :':E. and
at one time crosseu the preferred. There
was very heavy realizing in the other
trunk lines under cover of the rise in
baltimore and Ohio.
Special strength and activity was
shown by number OF low-pr1ccd South-
ern and southwesterns. and some of the
coalers. both anthracite and bituminous.
This. apparently, was based on conf,
dence in the general outlook. A marked
falling off was reported in the quantty
OF cotton bills offered in the exchange
bonds continued broad and active and
prices steady. Sales. par value, $4,000
900. United States IS coupon ADVANCED
q, do. registered 4. and the refunding
price.
Total sales of to-day were LOIS 500
shares. including Atchison. TOTO; do.
6o.37o: Chesapeake and Ohio, 1850;
Chicago Great Western. 1o.160; Burlins-
ton and Quincy, 67,550; Rock Island. -
!o';; Denver and Rio Grande, 7,;s'0l Kan an
sas City. Pittsburs and Gulf s; 500;
Louisville and Nashville, 10,5So; Man
haitian, 11.7os; metropolitan Street Rail S3d Ill.
way, $3.50; Missouri Pacific. 42.S!o; New
York Central. 1850; Norfolk and West
ern. 1870; Northern Pacific, 1850; do
preferred. 10, 400: Ontario and Western.
1892; PENNSYLVANIA, 5o,G9'; Re- Reading
5,G20: do. first preferred. G9.I!o; do;
second preferred. 5000; ST. Louis and
Southwestern preferred, 1870: ST. Paul.
II .tlS5; ~Sou1hern Pacific, 1i3,47o: South
crn Railway. 40.390: do. preferred, 9,oSo;
Texas Pacific. GOO; Union Pacific, oo.-
$50; do. preferred, 1880: american
Smelling and Refining. Go4o: American
Steel and Wire, $3.50; American TOBACCO,
10000: Brooklyn Rapid Transit, 2o.4'o;
Colorado Fuel and Iron. G,II5: Peoples
Gas, Is, 725; Sugar, 2S,91o.
MONEY AND NEUTRALITY-SUSPICIOUS. on
call steady at 311SGD413 per cent: last loan
at per cent; prime mercantile paper.
4S6JL. per cent. Sterling exchange
firmer with actual business in bankers
pals at Sa.solaG4. S5ss for demand and at
"a. S2A@4 S23s for sixty days; posted
rates s.. Syg4. $50 and $4.s61a@4.S7; COM
1nercial bills, $4.S113G4. 81. Silver certifi-
Gates GO1.g61l4: bar silver, !3a4; Mexican
dollars, 47S.. Government bonds irregu-
lar; State bonus inactive; railroad bonds
strong.