The times., 1901-03-30
RAILWAY issues ADVANCE
Rising Prices Scored in Many
Quarters of the List.
Western Union at ITS Highest Level
in Years. and other Specialties
show Strength-SteeI stocks Com
handing InVestors' Attention.

Western Union nt ITS Highest Level
in Years. and other SpeciRlties
show Strength-steeI stocks Com
mandinr Investors Attention.
NEW YORK, March pa number of
noteworthy advances were secured in to-
days stock market. practically all OF the
hiEher-priced railway issues being con
spiCJIous in these movements Iacha-
wanna. Delaware and Hudson. tmcaso
and Northwestern. and New York Central
were noteworthy instances in point.
Tremendous dealings in Northern Pa
ciHc and in Chicago. Burlington and
Quincy we're again noted, and both stocks
attained the highest levels at which they
have sold on the current movement. Re
ports linking the two companies in an
ARRANGEMENT OF some kind were again
persisteutly circulated, but were stilI
wanting in substantiation. aside from the
course Of the stocks in the market. The
St Paul was also cCnspicuously strong
on what appeared to be investment buy
ing, and at all events no special gossip
attended the course of that stock.
The movements in the railway list were
by no means uniform. number Of the
so-caIled specialties were heavy, and the
Wabash issues and the so-called Gould
stocks We're rather reactionary or IN
clined to lag behind the granger shares
and the other stocks noted. The strength
of New York Central was reflected in
material recoveries in the so-called Ju-
nior Vanderbilt issues. Canada Southern.
an1 the Nickel Plate shares being notably
strong.
There was also noted rapid advance
in Chicago Indianapolis. and Louisville on
renewed reports that the control Of the
road is being acquired in the interests
OF a connecting line.
The iower-priced anthracite coal issues
did not participate in the strength shown
By I.ackawanna and Delaware and Hud-
son. Although dead in the early part OF
the day. Ontario and Western advanced
on large transactions.
The features among the so-called spec
ialties we've Peoples Gas and Colorado
Fuel and Iron. Amalgamated Copper was
also strong and Western Union advanced
to the highest level at which it has sold
in a number Of years The local traction
issues were in good request, the buying
IN that ouarte, being, in part. induced
by the dismissal from consideration Of
the propositions recently made for a tun-
mel franchise to Brooklyn and Staten
Island by promoter.
ut rising prices in United States Steel
Corporation stocks. and the trust COM
pany certificates for the shares of the
older companies We're likewise strong in
sympathy. In the curb market, Ameri-
can Bridge issues continued to advance
on the repetition of the reports that the
bridge company would be taken into the
consolidation upon advantageous terms.
Sugar Refining while fairly active,
again underwent limited and uncertain
price changes. Little was done in the
Tobacco shares or in International
Paper but the latter stock continued
strong. The United States Rubber issues
Werc reactiOnary.
London was not factor Of any weight
in the local dealings. The market opened
contrast with yesterdays final figures
but almost Immediately developed
strength under the lead Of the stocks
already quoted Aside from the divi-
dcllds declared and the traffic returns
submitted there was no definite news
bearins an particular stocks,
Nothing more than the regular divi-
d,Hd was declared on Delaware. Lack
aWahn@. and Western, and upon the an
nJnnCefnenJ OF the rate, the stock reCeded
from its highest level although there
had been no suggestions that any change
would be made in the dividend at this
period Notwithstanding prevailing con
u!UolS ia the money market. together
with the extra ordinary requirements i'm
ridertal 10 the close Of the month bol.-
roWers had little difficulty in obtainin.
All ihe accommodatiOns necessary at and
under per cent
ioJay preliminary figures of the
@eeE money movement indicate a loss TO
the banks since last Friday OF more than
s5.5V'.t| which sum may be virtually sc-
counted Tor through the absorptious by
the SuB-Treasury. AS is always the case
the final showing OF tomorrow 5 bank
statement VIII be largely Influenced bv
thE changes IN the loan account con
IfEFg rerg.
Nitn occasional reactions involved I'm
trading Of such magnitude. the T-aiket
continued strong and active throughout
the day.
Win tEe course Of the afternoon the
Erie and Reading ISSUES. which had
Jagged somewhat previously. d=yy!oped
ptrteli@r strength and animation. The
Erie second preferred was parti,l,trI,
strong.