The times. [volume] (Richmond, Va.) 1890-1903, 1900-03-23
RAIL 1I0CKS
HAD AN INNING
The Demand for All Grades Reached
Imposing Proportions.
VIOLENT ADVANCE I'm PRICES.
The Enss, to Buy Was Taken Advau-
taso Of to Take Profits, Whicl, Re
duccd Prices From the Best
and Made the Closing Easy.

stocks had their innings on the Stock
Exchange to-day. The demand for all
Grades OF this class OF securities reached
imposing proportions, and the buying
came from all degrees of investors and
spectators. large and small The indi-
5Slu0ai investor was in evidence as a buyer
o. fractional lots all through the list. and
some OF the heavy buying was attributed
to the account of banking interests and
insiders in the various properties The
professional board-roorl traders on the
floor of the exchange have turned bulls
10 a man, and the spectators of larger
4caiibre and speculative pools made their
operations manifest in the volume of the
transactions. individual transactions to
as to attract little attention, while many
lots of 1000 to $500 were recorded on the
tape.
Norfolk and Western and the Atchison
stocks took the most conspicuous place
In the trading, but there were impressive
transactions at different times during the
day in Union Pacific. Baltimore and Ohio,
Southern Pacific. Pennsylvania, Northern
Pacific. Chesapeake and Ohio. and late in
the day in Southern Railway. The
strength displayed in yesterdays market
precipitated to-day's rush to buy, and 1t
was made clear that n very large amount
must have been waiting and watching
some time for the first sign that the mar
ket was throwing off its lcthargy and
getting ready to move. The rush to buy
was taken advantage of to take profits.
on a very large scale in stocks, which
have recently enjoyed considerable adj
vance under manipulation by profess
Sional operators and pools. Practically
all of the industrial stocks. including the
local fractions and the iron and steel
stocks. and also Sugar, were sold to take
profits under cover of the speculative
cific stocks also showed its effects very
distinctly. Union Pacific was advanced
early, and was held pretty steady at the
advance all day. but 1t made no notable
f,ry 1,nv~ f1.,,~
stocks in this category showed positive
reaction. But the current of the demand
OF buyers was so strong as to carry the
whole market practically in its sway.
London was an eager buyer of stocks
here far beyond the usual hour when
transactions for that account have
ceased.
The volume of buying for this account
was estimated at from 10000 to 10000
shares, and was a potent influence in the
general strength of the market London
cables reported that part of the buying
of Americans there was for Berlin ac-
count
a drop in New York exchange at Chi
cago TO 20 cents discount, compared with
25 cents premium earlier in the week.
pointed moral.
Government bonds were also checked in
their downward course to-day and rail-
lied, indicating that the process of profit
taking there. which has been factor
in releasing funds 10 the money market,
has come to a pause, and, although the
Sub-Treasury5 absorption is cut almost
in half, as compared with last week, 1T
still promises to run up close to the
amount of the surplus yet remaining with
the banks over the required p per cent
Probably the perception of these facts,
as well as the violence of the days adj
vance, prompted the general movement
TO take profits in the late dealings. which
reduced prices all around from the best
and made the closing easy
The bond market was active and
600. United States refnnding IS. when
issued. old As and As advanced 4, and
new As Il in the bid price.
The total sales of stocks to-day We're
4G0,773 shares, including Atchison, $3.50;
do. preferred, G2.31o; Baltimore and Ohio,
~ 600; Chesapeake and Ohio. 1880: Chi
c., G.. G. and St Louis, 1890; Louisville
and Nashville, l9.335; Manhattan. $3.50;
Metropolitan, 1889; New York Central,
l0.l50; Norfolk and Western, 1900;
G1o0; Ontario and Western. 1000: Penn
sylvania. 5O.163; Reading first preferred.
1900: St Paul, SAT-: Southern Pacific,
Southern Railway. :'S,415: do. pre-
preferred, 1860; Third-Avenue, 2.4TS;
American Steel and Wire, 10,650; Ameri-
can Tobacco. 11,300; Brooklyn Rapid
Transit. 2S,!G2 Colorado Fuel, 1850;
,oT5; National Steel, COLO: Peoples Gas,
1870; Sugar, $3.50; Leather, 15,1G5-
MONEY AND EHCHANGE.-Mone on
call firm at 4M6 per cent; last loan at 3
per cent; prime mercantile paper, 565h
per cent. Sterling exchange firm, with
actual business in bankers bills at S4.S5l4
IA S53s for demand and at Si.S2lk04.S2A
for sixty days: posted rates, 81. S30D4.S3lh
and $4.S61ad4.S7; commercial bills, S4.S1A
@4.sl e.. Silver certificates. 60A@G114; bar
silver. 1915: Mexican dollars. 47s4. Gov
eminent bonds strong: State bonds mac
tive; railroad bonds strong.
STOCK QUOTATIONS.
Closing Stocks.
Atchison ......... ... .. 25L,
Atchison pfd ...-....... G9k
Baltimore and Ohio --.-.... T25s
Canadian Pacific ....... ........ 95
Canada Southern ........ 51S
Ches. and Ohio ACKNOWLEDGEMENTS. 30h
Chicago Great Western ........ 1885
Chi. Bur. and Quincy --.---...-- 12IA
Chi, Ind. and L..-..... ......... 23
>hi, Ind. and l.. pfd..... ....... SO
Chi. and East Illinois .-.-.--...... 99M
Chi. and Northwestern ....-....... 163
Chi, Rock Island and Pac. III
c., c., c. and St. Louis . G25s