Evening star., 1901-03-06
FINANCE AND TRADE
Hss-t ~-ts-s' - a-lss--.-
Standard Railway Shares Were Again
in Good Demand.
'r-S
RDUSTRlALS WERE NEGLECTED
Selling cof Tennessee Coal and
Iron Took Lead.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star
NEW YORK, March 8-Today's stock
market was stronger In tone and broader
in character than any OF its recent prede-
cessors. London traded in upward Of 20 600
shares of various stocks, buying two-thirds
OF the total amount.
Interest shifted somewhat and this fact
Is taken to mean that a well-developed
plan has been arranged for advancing the
general market
The buying OF Burlington was good. and
rumor has IT that Pennsylvania interests
have bought round amounts of the stock
and will be represented upon the board cf
the first-named company. In addition to
this theory, there is the very plausible pros
pect for an important deal in the north
west In which Burlington may become con-
spicuous.
Baltimore and Ohio issues were strong.
the preferred stock especially advancing
under good demand inspired by the be-
lief that the opinion of the court will favor
the dividend contention of the holders of
the preferred,
The buying was mixed In character. a
considerable short interest being forced out
Atchison issues were strong, the demand
for the preferred being of conservative
semi-inVestment character, while the buy
ing OF the common was based upon its pros
poets for dividend this spring. Earnings
are good and the property Is certain to be
included, advantageously, in the community
of ownership plan.
Mr.. Gould's interview had favorable
influence on all the southwestern proper
ties, and that group of stocks gave evil
dence of new demand Louisville ard
Nashville advanced under excellent buying
and a fair-sized short interest helped to
establish the high prices
Hartman interests were credited with
new activity In Union Pacific, especially in
the common stock. Confidence in the fu-
ture of this property Is unaoated and the
extent OF the rise does not detract from
the demand.
In the industrial department the move
ment of prices was not wholly uniform
The selling of Tennessee Coal and Iron was
superior to the demand and forced the
price below 80. Rumors OF an impending
bond Issue helped the decline. A consider
able line of short stock was recovered at
the low level. Sugar declined during the
morning under heavy selling but the price
was advanced beyond 14O under a mixed
demand from both accounts.
The steel stocks were dull and neglected.
The new consolidation was scarcely men
toned, owing to the attractive condition
of the railway list. This condition will do
more to help along the big transaction than
any other one factor. Details are being
carefully executed. and there Is reason TO
expect a satisfactory handling of the en-
tire enterprise.
The coal stocks would be favorite. IN the
present market were IL not for the fears of
a strike among the miners next month.
1t is not unlikely that the mine owners
will remain passive and allow the miners
to test the strength Of their organization,
Such test must come at some time and this
spring may be as opportune as any more
remote period. The amount of coal on hand
and the need OF harmony as a factor in
other deals will be factors in molding the
attitude of the owners.