The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-06
THE STOCK MARKET Firm
Trading Very Active With Several
sharp Advances.
The Railway shares Again Lead the
Iist-PennSyINHnia and New York
Central complementary Gas
Influenced by Favorable Chicago
Disqualification shares steady.

NEW YORK. April the trading In
the stock market continued exceedingly a,-
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 q gem
orally firm tone and there were a num-
Der OF exceedingly sharp advances made ia
particular stocks. These were notably
Missouri Pacific, Chicago and Northwest
orn, Pennsylvania. Lake Erie and Western.
and Baltimore and Ohio. All Of the an
thraclte 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 overshsdowed 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 therS
seemed to be altogether based upon re-
cent developments going to show the ex-
tent 70 which the railway mileage Of the
country, from the Mississippi 10 the Allan
tie 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 rapidity upon the receipt Of
advices from Chicago setting forth the final
settlement Of the gas situation at that
point Full details Of the settlement we're
not given. but the information i'm question
started lively covering movement 10y 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 a very firm tone
during the greater part Of the day. for
which. perhaps. the imperishs bic rumors
that settlement OF the trade war was
progressing had something to do. The re-
mainder CT 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 az large. in might be said that
Notwithstanding the pronounced rises
which were scored in number Of cases.
the trading was marked by some uncer-
talntv, and no little irregulsriiy character
lied the days price movements.
Further returns OF railway traffic for
The final week Of the month were sub
mitted TODAY and a large number Of re-
markabiy handsome increases in gross
earnings we're 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 Todsy's figures OF The
transactions between the banks and The
local sub-treasury showed a gain 10 the
former since last FRIDAY OF over IS see 600.
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 1
firm. Notwithstanding material relaNa- 4
ton in London discount rates. While /
London furnished lower range Of prices I
for American stocks. The dealings here for
that account were il lighter volume than ,
FOR a number Of days and were on balance T
moons derahle.