The news & observer., 1901-03-21

was renewed on the advance making the
clcsing tone irregular The taking of
speculative profits in Burlington was on
an enormous scale. The contest for
change of control of this road seems to
have been Intellectual, the competitive
buying of insiders. which carried the
price to yesterdays high level having de-
feated the attempt. Yet the recorded
transactions in the stock within a few
days past have been much more than
would be sufficient to change the con-
trCl. The highly speculative character OF
the dealings is thus clearly indicated.
An effort was made to substitute st. Paul
and Northern Pacific as market leaders
and Missouri Pacific was marked up very
buoyantly to 1G1 crossing par for the,
first time in many years. There was 4.
strong upward movement in Brooklyn
Transit on rumorS of official changes and
en- buying of the same character in Man
haitian. The steel stocks all continued
strcng, the dealings being mostly in the
trust certificates for deposited stock as
the time for deposit expired today. AS
the success of the plan was obviously as
sured, there was final rush to deposit
stocks, so that the clerical. difficulties
OF the transfer make it probable that de-
layed deposits will be leniently treated.
The referred stocks showed greatest
strength, gains extending to Az Members
Of the group reacted with the rest of the
market but resisted better There were
signs of an effort to Shift the speculation
from railroads into industrials. as it is
expected that the powerful interests be-
hind the steel deal will support the rev
stocks. The profits of the syndicate are
apparently to accrue in the shape o.
allotment of new stocks for which strong
market will inure to the benefit of the
syndicate There was no disturbance in
the local money market from the
days payment on account of subscriptions
to the new Union Pacific bond issues, SELL
ing for over $4,000 900.
There was further decline in the ac-
tivty of the railroad bond market and
the price movement continued irregular.
Total sales par value $4,000.
United States 3s advanced Il and the
new As and old As Is per cent on the
last call.
The total sales cf stocks today were
1,276, 1G0 shares including Atchison, 80, 200;
do preferred, 81 ,300 Canadian Pacific, g.,
00O; Chesapeake and Ohio, 10700; Bur-
lington. 10000; Chicago Northwestern, s.,
500; Rock Island, 27,30O; Erie, 90,4O0; do
preferred firsts, II 600; Lake Erie and
Western 5,1o0; Louisville and Nashville,
Is, ,2O0 Manhattan, 66, 100; Metropolitan,
$500; Mexican Central, 29700; Missouri
Pacific, 81 900; Missouri, Kansas and Tex
as, a. 100; do preferred, 1900; New York
Central. $500; Norfolk and Western, g.,
600; Northern Pacific, 1850; Ontario and
Western $500; Pennsylvania, 21100;
Reading, 10000; first preferred 1900; do
preferred seconds, 1860: St. Paul $4,000;
Southern Pacific, 21600; Southern Rail-
way, 52,200 do preferred, 21,600; Texas
and Pacific, 17,300 Union Pacific, 46,100;
Union Pacific preferred, $500; Wabash
preferred, 1860: Copper. $500; Shelters,
14,5OO; do preferred, 5,400; Steel and
Wire preferred, 5000; Tobacco, 43,400;
Brooklyn, 116,9OO; Tobacco, 5000; Federal
Steel, 6,100; do preferred, 1S,200; Peoples
Gas, 10, 100; Sugar. S7,7O0; Leather. $500.