Evening star. [volume] (Washington, D.C.) 1854-1972, 1901-04-18
Stocks We're Rather Weak, With
Tendency to Liquidation.
DRIVE At SUGAR At THE CLOSE
Bear Move, However, Did Not
Produce Great Results.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, April 1S.-London's QUOTA
lions on Americans came fairly firm this
morning, and the volume of business on
that stock exchange was on a fairly large
scale. The features in that market, in the
American department, were the Erie issues
the first preferred and the common stocks
of that company showing advances of 1
per cent and IS per cent respectively.
Bank of England rate was unchanged, at
per cent.
In the local stock market the opening.
like that of yesterday, was irregular and
somewhat unsettled, but the feverishness
that characterized that of yesterdays
opening was lacking the undertone show
ing up much better The reactions which
took place during the initiative dealings
were seldom serious, the greatest decline
being in Amalgamated Copper stock which
declined over 3 per cent on a continuation
of liquidating orders.
United States Steel issues were slightly
better at the opening figures and after
warden an announcement from Pittsburg
that there would be no strike by the Anal
gamated Association of workmen-these is
sues made a full recovery. and the rest of
the market, toward IL o'clockk, developed
Increased activity and strepgth-Atchison
issues being leaders.
There was nothing new in regard to the
Burlington deal early this morning, except
a statement by one of the news bureaus
that members of the firm of J. p Morgan
d Company We're in Boston. and the expec-
tation was that the purchase of Burlinet on
would be perfected. 1t is understood now
that the final offer will be 200 in 4
per cent bonds for the c., b. and @. stock
winch would be equivalent to an per cent
guarantee.
Sugar and Tobacco stocks were reac-
tfcnary in tendency. after the first dealings
the former opened up full point over
last nights closing figures, but afterward-
n stop orders-sold points, the buying on
the way down, however, was considered
good and the stock acted like a purchase
on all reactions.
feature in that group of stocks, it sold up
over points in the forenoon compared
with the closing of yesterday.
At about the noon hour the market
shaded off some, but the undertone was
firm and business fairly active
A feature of strength in the afternoon
speculation was Southern railway securi-
ties, on active trading the preferred stock
advancing over per cent and the common
stock rose IA points.
The long expected advance in the Atchi-
son securities seems about to be realized
The common stock was taken in hand late
yesterday afternoon by the pool which has
been accommodating the stock for several
weeks, and today 1t was pushed up<to GO
The preferred stock, 1t is expected will
sell above par very shortly. After the
nun thO DOWN
somewhat and there was the usual profit
taking
There was some talk in the street this
afternoon of steps being taken to organize
banking syndicate to underwrite the
bonds which 1t is proposed to issue in ex-
change for c., B. and @. stock This price.
it was stated, would be at par, less COM
mission. There was a determined effort
to break prices in the late trading-by
raiding Sugar stock-but not much head
way was made, in fact, Atchison issues and
Southern Railway shares scored advances
while the general list remained strong