The times. [volume] (Washington [D.C.]) 1897-1901, 1901-03-30
RAILWAY issues ADVANCE
Rising Prices Scored i'm Many
Quarters of the List.
Western Union ut Its Highest Level
In Years. and other speciRIties
show Strength-StceI stocks Com
mandinE Investors Attention.

show Strength-stceI stocks Com
mnndinE Investors Attention
NEW YORK. March ga number of
noteworthy advances were secured in to-
days stock market practically all of the
hiEher-priced railway issues being con
spicuous in these movements. lacka-
wanna. Delaware and Hudson. Chicago
and Northwestern. and New York Central
were noteworthy instances in point.
Tremendous dealings in Northern Pa
cinc and in Chicago. Burlington and
Quincy were again noted. and both stocks
attained the highest levels at which they
have sold on the current movement. Re
ports linking the two companies in an
arrangement OF some kind were again
persstently circulated, but were still
wanting in substantiation, aside from the
course of the stocks in the market. The
St Paul was also conspicuously strong
on what appeared to be investment buy
ing and at all events no special gossip
attended the course of that stock.
The movements in the railway list were
by no means uniform. number of the
so-cailed specialties were heavy, and the
Wabash issues and the so-caled Gould
stocks were rather reactionary or in
clined TO lag behind the granger shares
of New York Central was reflected in
material recoveries in the so-caled jul
Nor Vanderbilt issues, Canada Southern,
and the Nickel Plate shares being notably
strong.
There was also noted a rapid advance
in Chicago indianapolis. and Louisville on
renewed reports that the control of the
road is being acquired in the interests
OF Il connecting line.
The lower-priced anthracite coal issues
did not participate in the strength shown
by I.ackawanna and Delaware and Hud-
son. Although dead in the early part of
the day. Ontario and Western advanced
on large transactions.
The features among the so-called spec
ialties we've Peoples Gas and Colorado
Fuel and Iron. Amalgamated Copper was
ALSO strong and Western Union advanced
to the highest level at which it has sold
in a number Of years. The local traction
issues were in good request, the buying
in that quartz, being. in part. induced
by the dismissal from consideration of
the propositions recently made for a tun-
mel franchise to Brooklyn and Staten
Island by a promoter.
There were again enormous dealings
ut rising prices in United States Steel
Corporation stocks, and the trust COM
pany certificates for the shares of the
oiuer companies We're likewise strong in
sylHDathy. In the curb market, Ameri-
can Bridge issues continued to advance |
on the repetition of the reports that the J
Dridge company would he taken into the !
consolidation upon advantageous terms |
sugar Refining, while fairly active |
again underwent limited and uncertain |
Iobacco shares or in International |
Paper, but the latter stock continued !
strong. The United States Rubber issues |
were reactionary.
London was not q factor of any weight
III the local dealings. The market opened
showing small. with irregular changes in
contrast with yesterdays final figures
but almost Immediately deVeloped |
strength under the lead of the stocks
already quoted. Aside from the divi-
deifds declared and the traffic returns
submitted, there was no definite news |
bearing on particular stocks.
Nothing more than the regular diyi- |
uefid WAS declared on Delaware Lack
q wanna, and Western, and upon the an
iounceinent Of the rate, the stock receded |
from its highest level although fhere 1
mad been no suggestions that any change
would De made in the dividend at this
period Notwithstanding prevailing CON
ditions in the money market. together
win the extraordinary requirements in
cidental to the close of the month b0r
I1WSrs had little difficulty in obtaining
an The accommodations necessary al and
under per cent.
Ioiay preliminary figures of the
v eea money movement indicate a loss TO
inc banks since last Friday of mora than
sS.JV.e which sum may be virtually az
counted for through the absorptions nv
me subj Treasury. As is always the cas-
the hnal showing OF tomorrow's bank
statement Will be largely Influenced la, |
'nr thahkes IN the loan account con- |
. rHlnS which item forecasts are idle
with occasional reactions involved in |
trading 81 such magnitude. the r-,atket |
continued strong and active throughout !
he day Ou'
With the course OF the afternoon the
Erie and Reading issues which had / !
Jagged somewhat previously dev,.loned |
particular strength and animation The ! !
rrle second preferred was particularly