Evening star. [volume] (Washington, D.C.) 1854-1972, 1901-04-25
Bulls Have the Best of the Exchange
Today.
SHARP ADVANCES IN MANY STOCKS
New Steel Securities Were Firm;
Other lndustriaIs Erratic.
GENERAL MARKET REPORTS
Special Dispatch TO The Evening Star

Special Dispatch to The Evening Star
NEW YORK. April 25.-T'he course OF
prices in today's stock market Indicated
some slight Improvement In speculative
temper. Sensa tianalism was displaced by
what now passes for conservatism aud
confidence In the situation was noticeably
improved. Every day brings it's surprises.
and many events are recorded which pro-
duce an ominous shaking OF heads among
the older operators. Yesterdays remarka-
BILE performance I'm Union Pacific was re-
garded In many quarters as an unmistak-
able evidence OF recklessness. The ten
dency was to attribute the advance to a
wild speculative demand lacking in all sub
stance
When 5000 shares changed hands this
morning from losls to -1o7 and then adj
vanced to u0. sentiment began to change.
and the belief In some inside deal gatued
ground rapidly. Yesterdays market was
sustained by this stock. and the fact that
II was in demand today at higher prices
again destroyed skepticism to the great
good OF the general list. These changes in
sentiment are In no way attributable to
any known plan.
Rumor has 1t that Northwest will euaran-
tee per cent and lease the property, hut
official confirmation is lacking Numerous
other runors are to be heard but most of
them need ne official denial TO brand them
as being impossible.
The advance in Southern Pacific and the
special meeting of the directors Of that
company at the offices OF the Union Pacific
To-Day may throw some light on recent de-
ten pn The decision OF the Burling
ton 10 accept the offer of Great Northern
and Northern Pacific was announced from
Boston during the day
STOCKHOLDERS will be notified by circular
letter within few days and IL is now
lnOuRnt the terms will he
60. twenty thousand dollars I'm 4 Der cent
Dohos. TO be guaranteed Jointly by the leas-
ing properties. or part bonds and part
cash, at the option OF the holder are the
propaols terms OF the transaction The
stocks In interest gained moderately on the
announcement. and for the first time I'm
seeerai Gays Erie Issues reflected an i'm
proved demand. Fries position as the east
ern terminus Of the consolidation may now
De given prominence I'm the speculation.
Cnlcago Terminal issues were advanced
rather suddenly around the noon hour the
argument being that any union hatw,
Northwest and Union Pacific would reoutra
the terminal property as a necessary lInk
IN the city OF Chicago. The ownership of
the property is already vested in friendly
hands. and IL required can be had at any
time. '
AtchisOn issues moved up under an i'm
proved demand. advance Of over . ner
cent In the common stock being a fea-ura
OF the London market. The preferred stock
moved up to a new high point and there
was some inquiry for the bonds. Rock
Island advanced sharply at one time also
ana there was the usual effort to connect
the movement with a general scheme ~
consolidation
The short interest in Baltimore ana Ohio
was the covering up to l02ia and some 70
markabie stories Of the penalty for DELAY
were circulated by traders. There can be
no doubt Of an outstanding short interest.
but the stories OF the proposed discinIine
to be meted out are given rather too much
publicity to be effective. The new Steel
stocks were firm, but the industrial LIST
as whole was erratic. with a tendency
toward concessions.