Evening star., 1901-03-29
'FINANCHAAW TRADE
Decidedly Bullish Tone in Stocks
- This Morning.
BURLINGTON WAS FHE LEADER
Unofficial Confirmation OF the
Deal Hsith ST. Paul.
GENERAL MARKET REPORTS
GENERAL MARKET REPORTS
special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK. March 29.-Opening prices
this morning were excited and irregular.
Burlington sold up sharply for q gain of
per cent and the general list held well at
fractional gains. Early in the day and
before the opening Of business predictions
were freely made that Burlington would
sell at It's. =7f-=
a nervous short interest covered hurried
ly, and recent buyers of the stock con-
tinued to increase their holdings up to the
new high level. Northern Pacific issues
were In demand also and the Northwestern
deal was more generally believed than
ever. 81 o.. -'+
Boston holders of Burlington were said to
be receding from their opposition to the
deal and that an early amicable arrange
ment would be reached,
Erie, the eastern Iink tn the proposed
amaigamation,s wasas given support, but
failed to make any noteworthy advance
during the period of greatest buoyancy in
the Northwestern issues. <i-
The buying of the coal stocks was an
important feature Of the day. The miners
conference failed to. cause any concern,
since 1t Is generally understood that a
strike will be averted.
delaware and Hudson advanced substan-
TALLY under a big demand which. was ac-
companied with the usual rumors of a
New York Central lease. Lackawanna ad-
vanced beyond PA. the highest price yet
recorded, and an early distribution of it's
splendid surplus was rumored.
All the lower-prfced coal shares were
firm IN sympathy, with the advance In the
stocks named.
Western Union was bought in round
amounts by the pool. and responded easily
to the demand. Around 95 there was con-.
siderable realizing but the price was forced
well beyond that diuAt later in the day.
There Is apparently no new development
upon which to base the movement, the in
creased dividend rumor being put down to
board room Imagination. The inside pool
is advancing the. stock because as per
cent dividend payer 1t has not been suff1-
ciently exploited In this market.
The steel stocks were strong and made
new price records as wen as new friends.
The new securities are being well handled
and. the elder ones, not included In the
combination, are attracting a good de-,
mand, because OF their excellent prospects.
Colorado Fuel and Republic Steel Preferred
gave evidences of accumulation. Sugar
was week fora TINT under the influence Of
rpmors indicat!ngsa' Jess satisfactory trade
The traction shares and Peoples Gas
advanced uHdar@'buSang which reflected
considerable covering of short contracts
The banks have last about 81, 600. coo in
cash during the week. all Of it practically
to the subtreasurY. "a. -
This would seem to foreshadOW an un-
favorable bank statement tomorrow, but
the loan account may help matters slight
ly. AS an evidence that there is no concern
over the outlook for money the stock mar
ket continued buoyant right up to the last
few minutes OF business. The buying of
the high-priced issues, as we'll as a few
specialties, wase OF the best