The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-17
RAILWAY LIST STRONGER
The Market Generally Shows a
Much F.lmcr TOE..
Wcnkncss which Hind Appeared I'm
the Early Dealings Soon Trans
formed Into Substantial Gains-fr-
rcguiarity at the Opening Ascribed
to Pending Shipments Of Gold.

NEW YORK, May 15.-The railway list
showed greater degree OF strength
in todays market than il has enjoyed for
a number OF days. and in several instances
material advances were scored Chiefly on
this account the general stock market, af-
ter having been again thoroughly unset
tied during the forenoon, developed
strength on the covering Of short con-
tracts. and in this way a number of the
mornings early losses were wholly or in
part recovered.
weakness appeared in Peoples Gas, Sugar
Refining American Tobacco Continental
Tobacco. and Pressed Steel Car. Missouri
Pacific also declined sharply on selling
perhaps influenced by the announcement OF
the proposed increase in the company's
capitalization, but subsequently this stock
also recovered part of its decline.
The features of the railway list were the
Atchison shares and Northern Pacific COM
mon. but the grangers and the standard
issues generally showed greater firmness
than for some time. The advance In
Atchison preferred was on very confident
assertions that at the next meeting OF the
company's directors the dividend would be
The dealings In these stocks were very
heavy and were taken in fairly large vol
ume by foreign banking houses. Buying
for foreign account appeared in other
quarters Of the market also but on balance
the purchases were hardly in excess OF
$4,000 shares.
A good deal of the unsettlement OF the
mornings market was apparently owing to
the fac, that today's engagements OF gold
a a. h1x. 1orr hn.
had been previously estimated being IL
excess OF $1,000. 600. Aside from this cir
cumstance and the further substantial
advances showed in the London market,
there was little new in the mornings sit
uaticn.
The London market continued to ad-
vance. the days adyices from the seat of
war being fairly satisfactory. The
strength of the London market was
plainly a reflection Of those circum-
stances Although the mornings news
respecting the general labor situation
throughout the country was not alto
gether reassuring, and while the days
trade reports were still more OF less con-
flicting, both matters appeared to be less
effective in influencing the speculation
than they have been for some time.
The industrial quarter was not alto
gether weak. as Federal Steel, Steel and
Wire National Tube. and Tennessee Coal
and Iron showed effective support at the
declines made in the early dealings.
The movements In the local traction
group were unusually limited, and the
trading in that quarter was not charac-
terized by any degree of animation. Con-
solidated Gas. while not active. was heavy,
notwithstanding that indications were not
wanting that a conclusion Of the pro-
tracted imbrcglio in the local gas situa-
tion NAV be in sight.
The important news contained in this
mornings Washington dispatches respect
ing the action Of the House Judiciary
Committee formulating an amendment to
the Constitution Of the United States. de-
signed TO transfer the control of the So
called trusts to the Federal Legislature,
was generally discussed, but it was not
material influence in the dealings in the
stocks most directly concerned. II is by
no means improbable. indeed. that could
such legislation be enacted. II would be
welcomed by the majority interests of the
properties concerned.