The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1901-03-05
HAVEN MORNING JOURNAL TUESDAY MARCH

day with great decorum and sobriety Of
demeanor, In strong contrast to the wild
and feverish activity up to d short
time ago The attendance of brokers'
on the floor was small enough in itself
to indicate clearly the decline in ac-
tivity and interest in the market Spe-
cial trips to Washington to witness the
Inauguration accounted for the absence
of some, but great many brokers are
away on extended vacation trips, after
Il period of activity and in most cases
prosperity never before equalled in the
history of the stock exchange. The eX-
! pected departure at an early day of the
/ central figure In the recent enormous
1 transactions in the financial world
adds to the common feeling that a Pc
rled of quietude IS likely to intervene in
stock market speculation. 1t was in ac-
eordance with this quieter condition of
/ sentiment that what migth be called
more substantial considerations ruled
In the days trading, such as the show
ings of earnings, the trade outlook for
certain stocks results of financial ad-
justments and the like The most con-
spicuous movement of the day was in
the stocks Of municipal gas companies,
especially those Of the Greater New
York. Consolidated Gas was carried
over the 200 mark to 201 1-2 with an
extreme advance of 1-2, while Brook
lyn Union Gas rose no less than II SIS.
Dealings in both stocks were very I'M
usually large. The strength was not ex-
planned by the news, but gave rise to
rumors of consolidation. Peoples Gas
advanced a point and Laclede Gas
2 1-2, influenced by that indeflnabe
sympathy WHICH affects stocks Of the
same class In a speculative movement
The local traction stocks were also
drawn into the movement after some
heaviness in Brooklyn Transit and
they We're rallied from 1-2 to 8 points.
A number of other high priced indus
trial specialtes showed marked
strength, General Electric rising with
a reaction of and National Salt pre-
ferred gaining d. There was a very
heavy absorption Of Amalgamated
Copper all day, all offerings being taken
with confidence up to par, an extreme
rise of "a. The Smelling stocks rail-
lied sharply from an opening break on
covering by shorts upon the news of a
legal point lost by the opposition to the
proposed merger. The tide water soft !
coal carriers continued In demand on
account of the large business doing in |
anticipation of coming increase in |
freight rates There were points of |
strength all through the railroad list on I
the almost universal reports of increase
of earnings, large traffic and good |
rates. The grangers, Pacifics and
Southwesterns all enjoyed good adj
vances, Rock Island and Union Pacific |
leading. A number of minor railroads |
were also lifted on good demand. The |
steel stocks We're higher but they were
without any sensational feature The |
publication of the official circular CIV
ing the details of the financial arrange
ment proposed for putting through the |
was disregarded as the J
gossip had pretty accur-
ately forecasted them. The continued |
ease of the money market precludes |
any acute apprehension on that score,
1t is not expected that credit
facilities In New York will be expanded
In the next few weeks.
There was good demand for railroad
bonds with some irregularity in price
changes. Total sales, par value, 3d.
$4,000,
United States new tours coupon de-
olines is per cent on the last call.
closing Prices.
Following ate the chasing prices reported
bv Prince G. Wf,itrt. tsnnFers mud lroiors !