The times., 1901-03-16

ancc I'm the market yesterday. but in
stead the strongest and most buoyant
market vet seen in the entire boom, WIN
large gains all over the railway llst anu
i'm many of the industrials as well, ana
with many new broken records Tor TOP
urices The coalers, led by the tfiSs'
opened at large advances. the South5
western securities generally ali shoWtu
gains the gTangCrs, and especlaiiy buI
lington. were active and buoYailt. among
the industrials. Sugar, Consolidated Gas,
and Toh-~co w-sre th" features; Gas max
ing "A new high ufice f1T tne present
mOvFmeutat 2fZ and Tobacco getting above
l26 There was nothing new in the situa-
tion. and ii is to be supposed that the
satisfaction over the Increased ulNluthG
for St Paul, together with the genera
bullish enthusiasm born of the long up
ward movement i'm prices, was ihv cause
of the continued advance. The puplic Is -
now buying stocks eagerly, aiihpusi u
refused to do so a few weeks ago "liSh
prices were much less than they are INV
Many believe that the top level for the
ur.s.ut has been reached. hut natuIailS
arte- sn many failures of The reaction 10
anpaar there is much hesitation IN sehtlb
ont long stocks ana in gong snort VI ~ ~
market All things are p"sslhle III d '"ii ii
market. II might be said Amos. lHat a,Il al
tbiU.-s are urobahiC Therefore lht boyii
may continue into next week WIN haIulS
a tremor of reaction The slinalLoA' nov
- fa1-ors declines on profit taking ana
short sales before the close lo9dH. IN
bank statement can hardly lali 70 oG d
bad showing as the haIhSS ms on ~ 5no - -
money an the week-about $5Ve'V0V' II Is
said.
Burlington continued the entirely re
n7arilable boom begun more than a WEEK
80 sro1Ind 1s5. Ii soon sold above l57.
n gain of 3 points from the close o.
Thursday. The talk of per cent ulN
deud is continued perslStentY, anu az
tbolr,l, this advance in the rate Is not
r,rots.i bic at this time. the IuilOi - q
notent ono while the boom is on. 1here
are also renewals Of the story mt @ InS
system is to bc taken IN by the NDi giI lieii IN u
!5aritc and the Great Northern. Inc Sc
curitIes of these two lines advanced yes
terday with Burlington.
on the other hand ST Paul and Rock
Island were weak all day. ana II Is easy 10
he seen that there is some real@lNS III
both Whether it will be large enough 70
keen back the boom that many expect III
both ii is impossible to say as yet.
The feature Of the industrial list was To-
hacco Trust which soon advanced 10 ~"
Tho numerous bullish arguments feBaru-
ing the stock are having their elect WIN
the uotent aid Of shreWd manlpuial lluh
Consolidated Gas doomed to ZlZ carry III
the day. and friends Of the company sad
that it would be likely 10 get mucu IHS'ISI
in the near future. Sugar went apoEe IA
on good buying, bat later SoId on Il
shows much strength, however
The Fries opened up, but later sold on
somewhat The preferred was ABOVE % III
the first quotations, and u sasSed HCi.
tbat level nearly a point The rumor OF
Der cent dividend for the preferred ~
again heard. Others OF the codleL9 tg'rr
the same course, though az one I'M m. I'm.
were particularly strong wnen u Wa SH5
nounced that the miners hau ueS'ueu
against a strike
Yesterdays consolidation rumor was that
the Wabash is to be included in the South-
western deal with the Missouri P5clac, Ihe
s. Louis Southwestern. ana the missouri,
Kansas and Texas All Of these Se'hliJiSS
were strong. though there was some sVH-
ing in the last hour of the day
The steel securities. instead of partiJG,i-
Mating i'm the general boom, were actually
of to prices lower than any recently
reached by them Federal Steel common
went below 50, and WIRE coInAlyh 70
around IS. Federal steel pie-riltd Sllo"S~
some strength.
The Chicago Terminal securities came
frto DrOuiueuce among the many low
I5riced issues taken up during the day.
The preferred advanced three points ana
the common one point In Sood GuaLteIS
it vas said that these stocks are iiheiy
10 90 much higher Mr. hartman prop
ably has some good plan Tor getting out
aII there is In the company. 1t is possible
that there is q Union Station plan OF
some kind for the many systems using
the Terminal lines. The terminals are
not booming for the first time in their
history. The preferred sold at 80 and bet
ter at one time.
The New York traction securities were
one of the features Of the market Man
haitian sold ex dividend ] per cent, ana
recovered the dividend early IN the day.
IT sold at 121 3-S high at the close OF
The day Brooklyn doomed up TO 81, and
also closed at the top. Metropolitan ad-
yauced 10 I61 and then sold of TO 16j 3-S.
The many tips that these securities are
TO have an advance may be realized IN
time if the bull market continues long
enough but as far as anyone can Judge
from the outside II will be simply an ad-
vance because every thing else is going
up The group has been one OF the most
unsatisfactory IN the entire stock mar
Iet list during the past three or four
months
Up 10 the present time the statement
that the PENNSYLVANIA Railway has Sc
cured control OF the baltimore and Ohio
does not seem to have Impressed the
timore and Ohio securities. They have
both been deeii -dly fiat in the big bull
market of The week. There are several
reasons for this HAT might be suggested.
one is that the Pennsylvania people have
not the reputation Of being generously
disposed toward the minority securities
Of lines which they acquire. It is said,
reseutatives on tha board of the Balti-
more and Ohio at the present time have
been galUst the declaration of any diVi-
dend on the common stock at this time,