The times., 1901-04-20
THE RAILWAY LIST ACTIVE
Rises in the Junior Vanderbilt and
Nickel Plate Shares.
Interest Well Diversified In other
Parts of the Market-The General
Advancing Trend Continucs-Stecl
stacks Move in Narrow Limits.


Advancing Trend Continues-steci
stocks Move i'm Narrow Limits.
NEW YORK. April 19-The further ad-
vance i'm prices in today's stock market
was not directly-accountable for through
anv important developments in the day s
situation The most important news, Of
course. was that regarding the settle
ment Of the threatened labor troubles at
one Of the United States Steel Corpora
tion properties.
In addition London furnished a higher
range OF prices for American stocks apd
was a considerable buyer in this market,
and Furthermore, the preliminary esti-
mates indicated a very large gain in
actual cash to the banks, through the
movements Of money during the week
Such railway traffic statements as We're
shown were gratifying.
Sterling exchange hung around yester-
days level As is usually the case on
Friday, the money market was fairly ac-
tive, but there was no appreciable change
in quotations.
The dealings at large again varied very
little from those recently prevailing. An
enormous buying power was apparent in
the railway list under which a large
number of exceeding sharp advances took
place. All of the so-called junior Van
derbilts were particularly strong with
fairly sensational advances appearing in
Nickel Plate shares, Canada Southern
and Cleveland, Cincinnati, Chicago and
St Louis Rumors of a readjustment of
the capitalization Of these companies at
tended the advances in these stocks.
There were a number of other pro-
nounced advances in the railway list
among which there might be cited Louis
Vile and Nashville, Texas Pacific. Norfolk
and Western. the Atchison shares, and
Missouri Pacific. The general discussion
attending the movements in these stocks
was identical with that which has pre-
vailed for a number of weeks.
As a matter of fact, however. little that
was definite was added to the infor-
nation Of the public at large either
in respect to actual informa ton or
rumors. The consummatfon of the Bur
lington and Quincy deal is now ac-
nouncement thereof is expected any mo-
ment. not unnatural result is the alb
solute subsistence Of active dealings in
Burlington and Quincy.
The trading continued in enormous vol
ume and interest was well diversified
throughout the market. In the industrial
quarter the features were American
Smeltlng and Sugar Refining. The United
States Steel stocks, while very active
moved within narrow limits. Among the
specialties there were further sharp ad-
yances scored in Colorado Fuel and Iron
Consolidated Gas, Peoples Gas. and
Amalgamated Copper Western Union
was weak, without any particular gossip
attending the course Of the stock
1t was observed from the general char
hcter of the dealings that a continuation
Df recent movements was still in prog
ress. Thus the liquidation of the various
small pools which have been active in
such stocks as Chicago Terminal and
Manhattan Railway continued.
st. Paul reflected the steady absorption
of the stock which has been in progress
for some time Although the comparative
heaviness OF this stock in the face of the
recent decided advances in the other
granger issues has been matter Of gen
eral comment, il might be noted that al
lowing for the dividends and rights on
st Paul, the stock sold today at a figure
well above the prices attained when the
so-called deal rumors were current
The dealings in bonds were not in the
saTe prCporuonate volume as those con-
Quoted in the stock market but a firm
tone was evident there also.