Evening star. [volume] (Washington, D.C.) 1854-1972, 1901-04-26
Activity in Union and Northern Pa
cific Shares.
GOOD BUYING OF WHOLE LIST
Belief That Steel Shares VIII Soon
Be Doomed.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star
NEW YORK, April 26.-The trading in
todays stock market was strong IN tone
and, for the most part, void OF the wide
fluctuations which had inspired anxiety I'm
certain quarters earlier In the week The
demand for the active shares reflected a
fair proportion of commission house bust
ness and brokers were rather more willing
to accept new business.
The steady buying of Union Pacific in
spite OF profit-taking, forces the conviction
that something out OF the ordinary is IN
contemplation. There WAS no effort to
force higher prices but the absorbing power
created favorable comment.
The buying Of Northern Pacific was A
feature of the day. the price crossing that
of Union Pacific under a large volume OF
trading. Burlington made a new high rec
ord, and the new per cent bonds. to he
issued for the control Of that property, sold
at zoos.
The apparent success of the Burlington
deal has added materially to the value of
other granger properties. In the opinion OF
shareholders at least. In quarters not as
yet invaded by deals and combinations
stocks are held tenaciously because Of the
prospect that an advantageous offer will
be made at some time. Developments in
the southwest indicate steady progress
toward consultations in that territory.
Colorado Southern issues were strong and
active during the morning. presumably be
cause Denver and Rio Grande is to take
them over for the benefit of Missouri Pa
ciiic. Later in the day a considerable mar
ket developed for the Wabash issues also
because of the southwestern project. Texas
Pacific was supported around AS. but made
no material gains. The entire group acts
well, however. and greater prominence Is
likely TO be given II In the near future
w-priced stocks are IN favor Again, and
are likely to remain so for a time.
The Steel stocks We're strong and active
and sentiment shifted somewhat to them
in consequence of the belief that the bank
ing interests will make them active
shortly. The stocks are growing in popu-
pect for a big. broad market inspires con-
fidence in their speculative future.
The industrial list a whole was mod
erately active and firm. New York Air
Brake advanced about per cent In as
many minutes, as the result of a sudden
stock. Colorado Fuel and Iron made a
new high record, and the outside steel
issues genei ally We're in better demand.
The Traction shares We're irregular and
uncertain in their actions. Brooklyn Rapid
Transit was We'll taken and at times a
spirited advance seemed to be in prospect
but around SO the movement eliminated
Consolidated Gas advanced under a mixed
demand, in which covering seemed to be a
feature.
Tomorrow's bank statement may show a
small loss in cash, but the result of the
week money operations IL not likely to be
significant either way. Money over the
holiday tomorrow loaned from Sla to per
cent and there was no concern on that
score. The market held well right up TO
the close OF business, and confidence WAS
more pronounced than at any time during
the week.