The times. [volume] (Washington [D.C.]) 1897-1901, 1901-03-28
ADVANCES STILL THE RULE
The Stock Market Witnesses Many
New IIigh-Price Records.
BurIiuRtcp and Northern Pacific
Features ON ihe Deal Rumors-Tbe
Conlcrs Buoynnt - Numerous En-
couruging Traffic Statements.

NEW YORK. March 27.-Frequcnt
changes Of tone in today's stock market
impaired a somewhat irregular appear
ar1ce to the dealings. Dut close observers
of the trading reported an exceedingly
strong undert6ne. y number Of exception
ally extensive advances were scored in
the initial dealings, Northern Pacific and
Burlington aud Quincy. as might be eN-
peCted being the conspicuous features of
the market.
The extreme advances then made ma
turally invited heavy profit realizing
sales, par, icularly as there was no posi-
tive confirmation Of the reports current
at the close yesterday regarding the ac-
,nlisition of the Burlington and Quincy
by the Northern Pacific. The reaction
from the high level established at the
opening was general and pronounced.
but il was succeeded by a second uptuFn.
in which prices rose back TO the best
figures Of the morning. Throughout the
day the price movements at large re
tanned this uRcer'~ in tendency.
In addition to the uncertainty regard
ing the status of the Burlington and
Quincy property no definite information
WAS ohtainabe bearing upon the efforts
making to avert the strike OF the anthra-
were the most consistently firm features
Of the whole market. The opinion still
seems to be firmly held that some means
will be discovered by which the threaten
ed troubles may be disposed Of.
The days situation was rather want
ing In developments of general import
ance A furthcr heavy loss to the banks
was shown in their operations with the
Sub-Treasury since last Friday in today $
figures. but the money market was only
moderately active. Sterling exchange was
fractionally lower. No particular inter
est appeared TO be taken in the small
shipment of Com announced this morn
ing and certainly the matter was with
out any effect upon the stock market.
A number of exceedingly interesting
statements OF railway traffic were sub
mitted today. Among them will be noted
that of the Missouri Pacific system, which
has now begun TO publish the flll manthly
returns Of its lines. The Missouri Pacific
report covered the month of January and
showed an increase in net earnings of
nearly 66 per cent. The exhibit was
doubtless in large part the cause of the
pronounced strength appearing in Mis-
souri, Pacific. but the other Gould issues
were likewise hrIa, particularly Texas
and Pacific. and the strength Of these
stocks undoubtedly reflects the not FAR
distant amalgamation of these properties.
In the bond market Missouri Pacific and
its related issues were likewise strong
and active.
Apart from Burlington and Quincy. the
granger stocks had rather better tone
than for some time. with active dealings
and lettering prices in both st. Paul and
Rock Island The Atchison issues We're
also conspicuous in respect 20 strength
the common stock being in particularly
good request on the expectations that it
would soon be placed upon dividend
paying basis.
Advances We're the rule among the So
called specialties, substantial gains being
shown by Colorado Fuel and Iron, West
ern Union, Consolidated Gas, and General
Electric Colorado Fuel ana Iron ad-
vanced on the Improvement in the labor
situation in Colorado, but no particular
news or gossip attended the movements
in the other stocks cited.
Trading was in comparatively light
volume in the industrial quarter The
international Paper stocks and United
States Rubber were strong, and the fiuc-
tuat,ons in Sugar Refining continued upon
the indeciEiVe lines that have prevailed
for 4 number Of days.
A buoyant market for American stocks
prevailed in London, although the noted
tendency was said to be largely owing to
purchases from this side Foreign houses
were heavy buyers of stocks in this mar
ket. their total purchases being estimated
at upward of 75,OJ shares Of stock