The daily morning journal and courier., 1901-03-29

| was pretty well assured Of response from the smaller spectators who keep the current market going. The selling
 to take profits continued very large,
 and was so sl1ilfuly managed as to do little damage to prices There was a bear element among the traders, and
 they made occasional demonstrations in the market when the burden of the
 realizing seemed in a way to overcome
 the advance, but their operations att
 tracted little outside following. The most prominent position in the trading was still held by Northern Pacific and Burlington, and the general strength of these stocks made an effective support for the whole market. Burlington open ed under pressure, and after having ad
 vanced to a record price at 1711a closed with net gain of only h. Northern 1 Pacific also made q new high record price at 95h and closed with net gain of 1A. There were renewed reports to- | day of a plan to retire Northern Pacific preferred and reports still persisted of an agreement for consolidation of Northern Pacific and Burlington.
 The course of the steel stocks upon the entry of the United States Steel corporation stocks when issued into the unlisted department of the exchange was a strengthening influence AL though there was large selling to real ize in these stocks, ample support was forthcoming and the common was run up 9 points over yesterdays price on the curb and the preferred rather more than that. The stocks of the constitu- 4 etr in thy, the common and preferred stocks all rising from ? to 2ss. There were other points of special strength, such as Western Union, Manhattan, the Wheeling and Lake Erie stocks show ing gains of from to 3A and Lacka- wanna mounting points to far above the highest preceding price. Outside of these individual stocks there were few that rose at any time as much as point over last night, and many of the recently prominent stocks were con- stantly held back by the pressure of realizing. The Rubber stocks reacted widely from yesterdays advance, the common losing 2h and the preferred AZ. 45Ftf
 In the last half hour of the market, on the reported decision of the New Jersey court of appeals in favor of the plaintiffs in the suit to enjoin the ab sorption of the Guggenheim interests, the Smelling stocks broke violently, the common falling to 6B and the preferred 5% below last nights level This help ed to unsettle the close, which was also affected by the large profit taking sales.
 Discussion of the money market out look continues in view of the coming quarterly settlements and the uninter- rupted drain by the sub-treasury Sterling exchange also recovered to- day, renewing the apprehension of gold exports. The large loan expansion of England might under ordinary circum- stances be expected to be repaid after the quarterly settlements have been met. But the government Is expected to come forward with. an offer of the new loan, so that no relaxation of the pressure for money is looked for in Lon- don in the immediate future.
 Business in bonds continues large and new points of strength develop from time to time. Total sales par value s5,- 005, 900.
 United States old fours registered ad- vanced h per cent. on the last call.
 Closingl Prices.
 Following arc the closing prices reported by Prince & Wh!tely, Bankers and Brokers, 52 Broadway, New York, and 15 Center st., New Haven. Bid. Asked.