The times., 1901-04-27
THE Big BOOM UNCHECKED
Heavy Dealings in Stocks at New
High Prices.
burlington Nearly 200 on Curb"
Strength OF the Proposed Bends
Other Railways Strong-The steel
Securities Make Good Advances

Strength of the Proposed bonds
other Railways Strong-The Steel
Securities Make Good Advances
NEW YORK April CA very heavy
volume Of business was rolled uD in the
stock market today and the tone was in
the main very firm. At the opening sen
timent was encouraged by the further adj
vances shown in American stocks in the
London market and subsequently foreign
houses were fairly large buyers here.
With the course of the morning, how
ever the disposition of the dealings for
foreign account was reversed and the
trading resulted on balance in the sale of
about $4,000 shares of stocks.
The day opened with nothing of gen
uine Importance in the mornings news.
The chief exceptions to the generally firm
tendency at the opening were American
Smelling and Amalgamated Copper. both
stocks being unfavorahly affected by the
new injunctions directed against recently
assumed policies Of these companies
With the course of the day Amalgamated
Copper showed a distinctly railying ten
dency, but American Smelling continued
heavy.
As has been the case throughout the
week, however, the railway list absorbed
the bulk Of speculative interest. Nothing
novel and definite came to light which
could be cited in connection with any of
the days more pronounced movements.
These We're notably in the Atchison
shares. Baltimore and Ohio. Burlington
and Quincy, the Chicago Terminal issues,
Rock Island, Union Pacific, and Wabash
securities
The rise in Burlington and Quincy al
most reached 200. 1t seemed to a great
extent TO be a reflection of the strength
In the curb market of the new { per cent
collateral trust bonds to be issued in ex-
change for Burlington and Quincy stock
The movements in the other railway
stocks mentioned were not attended by
any further gossip of novelty.
Apart from the railway list there were
fairly animated dealings in the local
traction group, all of which were firm,
and in the industrial quarter substantial
advances were common among the last
named group, Sugar rising sharply on
large transactions, while United States
Steel Corporation stocks showed more
strength and animation than in a long
time. There were also substantial ad-
vances in Pressed Steel Car, American
Tobacco. and Continental Tobacco
There have been rumorS for some time
that the American Tobacco Company was
EDUtenDliliElE
purposes OF financing the American Cigar |
Company but it is understood that in |
stead of this the American Cigar Com /
pany will issue its own ! per cent bonds |
which viii be guaranteed Jointly by the /
American and Continental Tobacco Com |
panies.
Among the so-caHed specialties material |
z ms were scored in Colorado Fuel and /
Iron. Consolidated Gas. and Western /
Union. but here, too. nothing novel could |
be cited bearing upon the course OF these |
stocks.
Although the stock exchange viii be
closed tomorrow. quite a lively interest
was taken in the probable showing to be
made in the bank statement and generally /
speaking optimistic views prevailed in
this respect The banks appear to have
incurred a small loss in cash through the
known money movements of the week. 4
count was commonly looked for. as it |
was thought that lenders outside the |
clearing house had to a large extent sup
planted the associated banks in extending /
The money market continued easy and no
alteration appeared in foreign exchange |
conditions A large number of railway
TaIile returns for various periods We're
reported.
Trading continued active and well di-
rersified up to the close Of business Con-
splcuOUs features Of the market other
han those already cited We're New York
nat the distribution Of a large extra divi- !
lend was contemplated. and the shares
u Virginia Carolina Chemical Company.
y hich were in better request than for |
'ome time. Northern Pacific common led
he railway list in the afternoon market /
turther advances in Chicago and Great !
" Aestern issues made them the feature !
i the lower priced stock. Nothing def
lite, however, that was not fully known I
-arlier IN the day developed with the ;
curse OF the business session.