Evening star., 1901-04-10
Stocks Opened Up Strong Again This
Morning.
EVIDENCE OF MANIPULATION
The Burlington Deal VIII Soon
Be Announced, 1t is Said.
GENERAL MARKET REPORTS
Special Dispatch 90 The Evening Star.

Special Dispatch 20 The Evening Star.
NEW YORK, April Io-The local stock
market opened strong this morning under
the influence Of higher London quotations
ana moderate Increase in the volume of
commission business. The usual manIpula-
ton was noticeable, but prices responded
more willingly than usual.
Burlington was taken In round amounts
by Hill brokers, and all the shares inter
ested In the deal advanced In sympathy
The delay In officially announcing the deal
causes no concern, Mr.. Morgan's delay I'm
reaching London being in some measure
responsible for the Withholding of the an
nouncement, It is said.
Erie issues were all strong, and North
ern Pacific was sufficiently active at a
new level to indicate inside confidence I'm
the success OF the deal There was some
talk of something extraordinary in the way
OF an extra dividend on privileges. in con-
hection with the movement In the latter
shares.
The Atchison shares were well bought by
inside interests, and the opinion prevails
that the chances for a 2 per cent dividend
on the common stock next month are i'm
proving. Strong interests are buying the
STOCK, in any event. and the street is in a
mood to give the most liberal explanation
The buying of St. Paul was feature of
tne afternoon. the volume of business aud
the small supply OF stock attracting COM
ment. 1t Is possible that the buyers of
the STOCK In anticipation of the original deal
nave resumed negotiations with the interest
which refused the terms first offered.
The southwestern shares were strong.
the advance in Texas Pacific being well
sustained and new demand for Missouri,
Kansas and Texas being recorded
Ihe wabash issues, and especially the
B' bonds were IN better demand than
usual. The entire Gould group was mark
ed up on the rumors of new Developments
and much was heard of the probable ex-
change of Missouri Pacific stock for that OF
the other interested companies The steel
stocks were strong at higher prices and
there was less evidence OF manipulation or
the need of it.
The Gates buying of Colorado Fuel was
ofhcially confirmed. but there are good
reasons for disbeleving the stories of its
immediate absorption by the United States
Steel Corporation.
Amalgamated Copper. General Electric
ana similar stocks were strong at top
prices.
"a ong-predicted movement in Chicago
Terminal shares was recorded during the
afternoon q sharp advance In both the
common and preferred stocks being record
ed during the final hour. Some exchange
OF the preferred stock for bond and the
prospect of several new tenants have ma
terially Increased the value of these Sc
curities. The banks are losing money to
the subtreasury again this week, and the
small reserve is in danger of complete an
initiation before the money supply begins
to increase. The call rate varied from AZ
to per cent, but was disregarded even at
the latter figure as a factor in the market
The matter should be given serious consid-
Grafton. however, since the money rate 10
the CHIEF handicap now In sight.