The times., 1901-04-04
MANY SENSATIONAL GAINS
Tremendous Rises in Prices Char
acterize the Market.
burlington Sells mt IsSIR on Further
Consolidation Talk - 4 Thirteen
Point Boom iu Delaware and Hud-
sou-Rocl Island Above 100.

Burlington Sells mt 1885, on Further
consolidation Talk A Thirteen
Point Boom i'm Delaware and Hud-
son-RocL Island Above $50.
NEW YORK. April "A large number
of advances. which might be correctly
designated as sensational, were scored IN
this mornings stock market. Rumors
and reports Of one kind or another there
were in abundance. The Joint rise IN
Nortberu Pacific and in Burlington and
Quincy was commonly accepted as sum
Gent substantiation of the reports that
the Burlington and Quincy had been ac-
guired in the interests of the former road.
Burlington went up to 1882.
According 20 the generally accepted re-
ports current today, each 100 shares OF
burlington and Quincy stock is to receive
500 600 in Northern Pacific collateral trust
bonds. but some uncertainty appeared to
he felt as to the rate of interest to be
fixed
Additional sharp movements i'm this
general group Of stocks were noted IN the
Omaha issues Chicago and Northwestern
St. Paul. Rock Island. and Union Pacihc-
Very positive assertions that lease of
the Delaware and Hudson by the New
York Central had been arranged could
be heard today and they were accom-
panied by a remarkable advance in Della
ware and Hudson stock.
These reports were to the effect that the
New York Central was to lease the Della
ware and Hudson on : per cent dividend
basis for one year, and per cent there
after. AS in the case of the Northern
Pacific Burlington and Quincy matter the
market for these stocks furnished the
Ii oh,
could be had.
AS in the instance Of the granger roads,
there were number of sympathetic
movements noted in affiliated stocks.
Thus. Delaware. Lackawanna and West
, ern and New Jersey Central rose very
sharply while the rise in Delaware and
Hudson was in progress.
The movements in the general railway
list were by no means uniform Notably
strong features were Louisville and Nash
Vile, Norfolk and Western, Pennsylvania,
Texas Pacific. and Erie common. Not
withstanding the persistence Of the re-
ports Of an amalgation of the Gould
properties in The Southwest, Missouri Pa
cifc was dull and somewhat heavy. The
Reading shares also failed TO participate
in the strength shown by the other an
thracite issues.
ket, rather irregular movements were re
corded Dealings in the new United
States Steel stocks contracted materially,
and both issues had a somewhat reac-
tionary tendency. The trust company GER
tificates for the old steel stocks, however
continued firm Sugar Refining ana the
International PAPER issues were steady.
The dealings in the so-called specialties
developed few features OF interest.
Consolidated Gas advanced sharply in
the early dealings. but subsequently lost
a part Of il, and the same was true of
AmaIganated Copper. Peoples Gas was
firm OIL the reelection Of the present
Mayor OF Chicago who is supposed To be
not inimical TO that corporation Deal
ings in the Southern iron and coal pro-
ducing companies stocks fell away ma
terially on doubts as TO the immediate
amalgamation Of those properties. No
particular gossip attended the dealings in
the local traction issues. which Tor the
most part were rather reactionary.
a factor Of weight in the general
strength OF the market was the action
Of the Secretary Of the Treasury in his
purchase yesterday of 81. oG0.ooo Of Gov
eTument bonds. TO be applied TO the sink
ing fund. and additional purchases were
announced today Notwithstanding these
purchases the Governments disburse-
mcnts on account of april / interest pay
ments the Sub Treasury appears 10 have
gained from the banks in its dealings
with them since last Friday about 81 l5pu-
GN The money market ruled at about
the levels prevailing yesterday. Addi-
tional engagements OF gold for export
were announced today. but owing to the
case Of the money market they attracted
little attention. and had no appreciable
effect on the market
Foreign houses were fairly large sell
ers IN this market. and in addition the
London quotations for the American
stocks showed declines in comparison
with the local final figures of yesterday.
The local market. however. was abso-
lutely unaffected by those circumstances
The dealings continued in exceedingly
large volume. and We're well diversified
With the course of the day a number.
of stocks which Jagged in the earlier
dealings recorded sharp advances. the
local traction issues being conspicuous in
these movements Sharp advances in
{ land. Cincinnati Chicago and St
LOUIS and Illinois Central were features.
kock Island was sensationally strong
getting TO I50iz. and St Paul. after an
owing 70 the fact thar the stock is sell
at the highest figures al which il has
sold in many years