The sun., 1900-03-26
| Financial.
Review of the Stock Market
Shows New Strength
Developed.
MUCH GOOD TIMES EVIDENCES
Money Market Conditions Good
and Bankers Estimate Fifty
million-doIlar Increase
in Current
Funds.
MUCH GOOD TIMES EVIDENCES

\ The market has revived. In the list OIL
STOCK net changes for the week nine out
OF ten are advances. Practically the
whole list has developed strength; in
some parts OF the market there is buoy.
ancy beyond anything approached since
Gne exceptional situation of last summer,
Ihls betterment has not come without
encountering opposition; some obstacles
are, lnded, still intruding. 1t is not an
Improvement brought about by lprofes-
sional spaculators, for most Stock. Ex-
change traders of that sort have been and
continue on the bear side
In the commercial field, in industrial
affairs-in practically every business re-
relatlonship-good times evidence has
been abundant, stays abundant, grows
continually more forceful. All staple
commodities are yielding newly satisfac-
tory returns to producers; and in the
situation are indications that the future
assures yet further improvement. Cot
ton has risen to point where southern
producing conditions are revolutionized,
while the wool grower and the producer
OF most other crops count handsome
gains already netted, and still more
favorable prospects ahead.
In grain there is some tagging, profess
sional spectators being largely commit
ted to the view that neither wheat nor
any OF the other cereals is entitled to an
advance. Yet in addition to favorable
present elements in the situation it is
not improbable that before the year is
much further advanced there will be dis.
closures of changing attitude upon the
| part OF interests of financial consequence
| that have to do with the markets for
grain. Good prices for wheat can put
the West into good humor; and an up
ward movement, even though it has to
be started through expensive manipula-
tlon, may mean much politically. 1t
can in fact be stated that plans have al
ready been submitted to brokerage fl.
nanciers looking to the making of IDOL.
lar wheat" A politician of national
reputation is sponsor for the movement
suggested.
The iron market seems to have lost
some bad aspects. The Carnegie settle
ment means favorable things for most of
the other iron and steel properties. In
the copper trade progress has become
more favorable, and Standard Oil inter
ests in the big copper properties having
market quotations here and at Boston are
once more outspokenly confident. Those
far-reaching plans which were in view
when the Amalgamated Company was
organized by Mr.. Rockefeller and his
confreres are now likely to be given ex-
ecution.
In the coal trade, both anthracite and
bituminous, developments are revolu.
tionary.
Rates for carrying coal are already ad-
vanced substantially, while other and |
bigger advances go into effect in the
earlv future. Increased coal traffic |
tariffs alone will provide the Pennsyl- |
vanla railroad with net earnings which |
will warrant the doubling of that great
corporations present dividend. This. |
at least, is what is calculated by those
financial interests trading largely in
pennsylvania shares. On a similar basis
encouraging estimates help all the coal
properties, anthracite and bituminous
alike. Norfolk and Western'e nbe-
nomenal advance reflects this. Develop
ments in the Readings may be close al
hand, developments signifying more
than mere coal trade Improvement.
More progress than generally suspect-
ed ls made in the plans that propose uni
fication of Eastern railway interetts.
Relations between the New York Cen
tral and Pennsylvania have passed the
point where harmony is merely repre-
sented-tor the relationship finally has
become that of actual cooperation, il not
tangible partnership. A long list of
lesser related properties are absorbed
more or less directly and openlyi=or
soon will be. Through mplishments
OF this character some of these subordi-
nate systems will profit Tremendously.
The Three Cs system will be one of
thsse--a fact reflected somewhat in new
activity in Three C's shares upon the
Stock Exchange. Chesapeake and Ohio
Will also be helped, as much, il may be,
as friends of Norfolk and Western ex-
pect for that property.
The Pacific stocks have new favor un-
der the leadership of Union Pacific,
Northern Pacific following closely. Both
Union Pacific and Northern Pacific COM
mon stocks are to benefit by increased
official forecasts pledge.
Money market conditions lose most of
the severe aspects which professional
brokers have been hippodroming. Satur-
days bank statement was distinctly en-
couraging. Conservative bankers esti-
mate that within the next month
thanks to the new financial currency
law and its influence-we shall have at
least fifty. million.dollar increase in
funds.
y -
Local Quotations.
Last Sales Bid Asked
National Bank of Del. .46O =
First National Rank I15I 115I