The times. [volume] (Washington [D.C.]) 1897-1901, 1901-04-11
PRICES AGAIN GO UPH
Extensive Advances and Heavy
Dealings in the Stock Market.
burlington and Northern Pacific
Make New High Records on the
Rumors of nm Alliance - Activity
shown Throughout the Railways.

NEW YORK, April 10.-Current stock
market conditions are wholly without pre-
cedent and cannot he described through
the ordinary methods employed for that
purpose. In today's market number OF
further extensive advances were scored
and the dealings continued In immense
volume AS has been the case throughout
the week, and indeed for the last several
weeks few changes Of any importance
appeared in any features of the situation.
Even the various rumors of deals and
consultations of one kind or another,
which. have been current, were still I'M
verified. The money market continued
active and firm, notwithstanding which,
sterling exchange advanced. Todays rail-
way traffic returns made mixed showlnGs.
An exceedingly active interest was taken
IN the actual arrival in Europe of
Americas leading financier, which was
expected to excite fresh interest in Ameri-
can securities.
The continued absence of any confirma-
ton of the Northern Pacific Burlington
and Quincy arrangement did not prevent
enormous dealings in both stocks, which
resulted in the establishment of new high
records in each instance. Particularly
positive assertions were current today
that the alliance between the two roads
had been virtually arranged except in
respect TO some comparatively insignifi-
cant details, but, as noted, the public at
large was without any definite informa-
tion.
Apart from the two stocks in question
the railway list showed a number of ex-
ceedingly sharp advances. The Atchison
issues. and particularly the common stock,
were in active demand, the latter rising
on reports that the dividend, which is ex-
pected to be declared next month, would
be ordered at per cent. Striking adj
vances were scored in the Chicago and
Northwestern and Omaha issues, in con-
nection with which movements reports
were current that increases in the divi-
bends were probable.
special meeting of the directors of
both companies has been called for April
H. Other pronounced rises took place in
Rock Island. the Fries, Missouri, Kansas
and Texas. and Pacific and Denver and
Rio Grande
Among the so-called specialties in the
railway list Evansville and Terre Haute
also scored a fairly sensational advance,
which was not. however, fully retained
with the course of the business session.
New York Central continued firm, but
the dealings in the other Vanderbilt is
sues were upon moderate scale.
With the exception of the Erie issues,
the anthracite coal shares were compar-
ativeiy heavy. being unfavorably affected
by the prospects that the threatened labor
troubles on the New Jersey Central Rail-
road might extend to the other anthra-
cite lines.
There were a number of exceedingly
sharp advances scored among the So
called specialties, Amalgamated Copper
and Anaconda Mining being conspicuous
features in this group. There were also
further striking advances in consolidated
Gas, General Electric, and Colorado Fuel
and Iron. There was no change in the
general character of the gossip bearing
rent for some weeks
The features OF the dealings in the in
dustrial quarters We're American Tobac-
co, Pressed Steel Car and the United
States Steel stocks
The local traction group furnished it's
proportionate quota to the days large
dealings, and was generally strong. with
particular animation appearing in Brook
lyn Rapid Transit.
london prices for American stocks We're
materially above parity with yesterdays
local closing. but the operations here for
foreign account on balance. were
on the buying side. and, were not in very
large volume. Mhile the dealings dis
manipulation, commission houses again
reported an active investment demand for
the better grade of investment stocks, and
cautious attitude on the part of their
more speculative clientele.
The day as q whole was another note
worthy contribution to the current re-
markable epoch in the stock market