The times., 1901-03-28
ADVANCES STILL The RULE
The Stock Market Witnesses Many
New High-Price Records.
HurIiugton aud Northern Pacific
Features on the Deal RUmorS-Thc
ConIcrs BuoYnnt - Numerous En-
couraring Traffic Statements.

courHginf: Traffic Statements.
NEW YORK. March 27.-FreGucnt
changes of tone in today's stock market
impaired a somewhat irregular appear
arrre 20 the dealings. but close observers
Of the trading reported an exceedingly
strong undert6ne. number of exception
ally extensive advances were scored in
The inltia! dealings. Northern Pacific and
Burlington and Quincy. might be eN-
pected, being the conspicuous features of
the market.
The extreme advances then made ma
turaIly invited heavy profit realizing
sales, particularly as there was no posi-
tive confirmation Of the reports current
at the close yesterday regarding the ac-
,1IIsition Of the Burlington and Quincy
by the Northern Pacific The reaction
from the high level established al the
opening was general and pronounced
hut il waa succeeded by second uPturn.
i'm which prices rose back TO the htsI
figures Of the morning. Throughout the
day the price movements at large re
taired this uEccr' in tendency
In addition TO the uncertainty regard
inE the status of the Burlington and
Quincy property. no definite information
WAS obtaiuable bearing upon the efforts
making to avert the strike OF the anthra-
cite coal miners. but the stocks concerned
were The most consistently firm features
of the whole market. The opinion sJiil
seems to be firmly held that some means
will be discovered by which the threaten
ed troubles may be disposed Of.
The days situation was rather want
ing IN developments Of general import
aace A further heavy loss TO the banks
was shown in their operations with the
Sub-Treasury since last Friday IN today :
figures. but the money market was only
moderately active. Sterling exchange was
fractionally lower. No particular inter
est appeared to be taken ia the small
shipment Of goH announced TINS morn
ing. and certainly the matter was WIN
out any effect upon the stock math'',
A number Of exceedingly Interesting
statements Of railway traffic were sub
mitted TODAY. Among them viii be noted
that OF the Missouri Pacific system, which
has now begun to publish the fIll manthiN
returns of its lines. The Missouri Pacific
report covered the month of January and
showed an increase in net earnings OF
nearly 65 per cent The exhibit was
doubtless in large part the cause of the
pronounced strength appearing in Mis-
souri, Pacific bat the other Gould issues
we're likewise irIa, particularly Texas
and Pacific. and the strength Of these
stocks undoubtedly reflects the not far
distant anna lgamation of these properties.
In the bond market Missouri EaCihC M
its related issues were likewise strong
and active
Apart from Burlington aud quincy. the
granger stocks had a rather better tone
than for some time. with active dealings
and hettering prices in both ~. Paul ana
Rock Island. The AtChisOn issues We're
also conspicuous in respect 10 streng'h,
the common stock being ia particularly
good request on the expectations that II
would soon bc placed upon dividend
paying basis.
Advances We're the rule among the so
called specialties. substantial gains being
shown by Colorado Fuel and Iron, " est
ern Union Consolidated Gas, and General
Electric. Colorado Fuel and Iron ad-
Vauced on the Improvement in the labor
situation in Colorado, but no particular
news or gossip attended the movements
in the ether stocks cited
Trading was in comparatively light
volume in the industrial quarter. The
States Rubber were strong, and the fiuc-
the indecisive lines that have prevailed
for number cf DAYS
buoyant market for American stocks
prevailed ia London, although the noted
tendency wss said to be largely owing to
purchases from this side. Foreign houses
were heavy buyers Of stocks in this mar
ket their total purchases being estimated
at upward Of 1900 shares OF stock.