The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-03-07
.LIVENEHYOREAARKEI.
Many Transactions and Very
Large Gains in Them
NEUTRALITY-SUSPICIOUS.
Wide Fluctuations in the High
Iy Speculative Specialties.

New York. March s.-The character Of
today's stock market was very similar
TO that Of yesterday. Absorption OF rail-
road stocks OF a nigh grade by buyers
OF abundant resources and OF a substan-
tial kind went on side by side with wide
fluctuations in some OF the highly spec
ulative sDecialtes. So far as the rail-
road department was concerned, activity
was shifted 10 some extent from those
stocks which were most prominent yes
terdsy 4 notable feature Of the mar
ket was that il did not really respond
with unanimity at any time 20 the
strength shown by individual stocks
Also in those stocks which did advance
the strength was not simultaneous Ap-
parently the demand for one stock would
be largely satisfied before buying was
taken Up in another. During the latter
part OF the day there was abundant evi-
dence OF large proft-taking. Stocks
which had been strong early in the day
fell back materially and many usually
prominent stocks which were not notably
active today were allowed TO fan back
below last nights level. Nevertheless,
the days gains are very striking. both
by reason Of the character Of the stocks
affected, and the 'pount Of transactions
and the extent Of the gains in them
Yesterdays late movement in Burlng-
ton was continued at the outset this
morning, and the stock was carried up
ga TO 1901. a record price The strength
of the stock was due to the fact that
large competing railroad interests are
admittedly buying the stock professedly
for investment, but. according TO she
Wall Street Interpretation with a posi-
bic view TO consolidation. or at au'events
to the extension of a community Of in
terests. Union Pacific. Northern Pa
cifc and Pennsylvania were al said 20
be interested in the buying.
The Baltimore and Ohio railroad stocks
continued 70 show conspicuous strength,
the common advancing 3, and the prefer
red "a. There was also striking move
ment in Atchison preferred, which car
RED it up points. The common stocks
of this road. Union Pacific, Southern Pa
cifc and Louisville and Nashville, were
also very strong. The later movement
of the day had some appearance of ma
nipulation for the purpose Of sustaining
the market while proft-taking was in
progress elsewhere. The eactionary
movement took point or more from the
best prices Of many Of the stocks.
There was long list Of stocks or
all the way from a point TO 25s. Long
Island rose S55 on light transactions. and
closed with a net gain Of 6S4- ArSong the
lndustrials, Amalgamated Copper and
Sugar claimed the largest share of atten-
ton. The former opened down ia, on r.
ports of a renewal Of antagonsuc meas
ures in Montana 1t was strongly sup
ported and was rallied pa at one tine.
but in the late dealings 1t broke below
10l and closed with a net loss OF pa.
Sugar was forced under last night for
only a brief period and after varied
fluctuations closed with net gain Of
IL The Steel stocks continued much
neglected and heavy in tone
The formal steps toward the compile
ton Of measures to insure the exchange
are still in progress. While the new Sc
curities thus remain non-existent, opera
tons IN the group are hampered 10
sub-treasury has taken nearly 5000 600
from the market since last Friday and
bankers report that the turn in the tide
Of the interior money movement 70 New
York IS at hand Cal money shows a
tendency. to work somewhat closer.
Closing prices Of stock were as fol-
Inv-s-