The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-03-21
FINANCIAL.
NV. HARRIS g. COMPANY
BA M
CHICAGO NEW 70 TX BOSTON
PR0FIT-TAKING SALES
MADE STOCKS IRREGULAR.
RAILROAD STOCKS SHOWED
BIG VARIATIONS.
approximations of a Clash Between
Russia and England Was Lead
ing Source of Disturbance.
REPUBLIC

REPUBLIC SPECIAL.
New York, March N-To-day's stock mar
ket, after a strong and active opening. with
gains throughout practically the entire list.
developed irregularity and general heavi-
ness, as a result Of heavy profit-taking
sales. These came from commission-houses.
as well as large financial interests. and the
general and irregular decline that followed
was stimulated by aggressive short-seliinS.
London was also a heavy seller in this mar
ket. and some apprehension was caused IN
both sides of the Atlantic by the reported
outbreak between the British. and Russian
troops.
During the opening hour the traction
stocks were the feature and were notably
strong with revival of the reports OF a
pending deal to bring together the three
big city transportation systems.
Brooklyn Rapid Transit led this group,
with a gain of close to to 5 per cent and
with buying for both interests. Gains were
also made in Rock Island, Nickel Plate sec
ond preferred. Federal Steel, Missouri Pa
cifc and Northern Pacific and Canadian Pa
cihc. Sugar also showed firmness and
gained about a point. while tobacco sold off
but made a later recovery.
The market was somewhat irregular under
the continuous profit-taking. but the tone
showed frmness and most issues retained a
goodly portion of their gains.
Americans in London, after a tame OPEN
ing, developed decided strength and showed
general gains. Canada Pacific and the Pa
Acific shares were the features. Trading was
held in check By the conflicting reports in
regard to the Chinese situation, and the
condition of affairs at Tien-Tsin. Arbitrage
houses traded on both sides of the market,
but sold more freely after the advance
here. Tit market developed irregularity
during the noon hour and early afternoon
as q result of the increased volume of
Fronting taking. in which the commission
houses were prominent.
Burlington was conspicuous by reason OF
Its reaction of over 3 per cent on heavy
realizing sales, thought to be by Standard
OH interests. Missouri Pacific held firm on
continued good buying, although it lest
about half of its maximum gain. Northern
facif1c reacted over a point, but recovered
q portion of it. The other Pacifcs and
Grangers made reactions on proft-taking.
The coalers were heavy with selling of Erie
by London a feature.
Rapid Transit continued to lead the trac-
lions and held very strong. Insiders bought
It freely on the knowledge that President
hossiter would be succeeded by H. H. Por-
Yer as president of the company. Manhat-
tan also showed strength, and the other
Gould stocks showed gains. National Tube
issues showed strength on q report that the
cessions.
The fear that there would be trouble be-
tween Russia and England resulted in
heavy profit-taking during the last hour,
ana prices declined quite sharply. Rapid
Transit was the conspicuous exception to
tnis. closing at nearly the highest
point or the day. There was good buying
on the decline and the UNDERGONE at the
close was steady.