The times., 1901-03-14

Ruoyaut-Thc Western Union and
the Tobacco Trust Annual Re
ports 49, Consolidated Gas stocks.
NFAV YORK. March l3.-Todays stock
market showed a further. although some
what irregular. tendency toward improve
mont Active interest was chiefly eN-
pressed in the shares Of the lines of the
Southwestern section of the country, and
i'm number of the so-callcd speciaities
in the railway list, conspicuous examples
being Iowa Central, Toledo. ST. Louis and
Southwestern. Chicago and Great West
eru. and Chicago. indianapolis and Louis
vile.
The course of these stocks, however
was by no means uniform. The South
western stocks, for the most part, were
firm. with substantial advances showing
in St Louis and Southwestern preferred
and I'm Texas Pacific, while St Louis and
San Francisco, on the other hand, was
somewhat reactionary. The special in
huences effective in the speculation i'm
these stocks have been repeatedly set
forth, and nothing new in relation to any
Of them came to light today.
As regarded the remainder Of the rail-
way list. the more conspicuous features
Were Burlington and Quincy which was
decidedly strong, and St Paul and Rock
Island which while actively dealt in
ahead Of the dividend declarations on
both stocks, moved within comparatively
narrow limits owing to the uncertainty
as TO the rates to be fixed
In a different quarter of the market
chesapeake and Ohio and Norfolk and
western common were exceedingly firm
on buying Of the same character that has
been conducted in these stocks for some
time
The trading In Missouri Pacific quieted
down somewhat Following upon the publi-
cation Of the Company-s remarkably fine
annual report. and interest regarding this
stock viii now undoubtedly focus around
the question as 10 the rate of dividend
upon which il viii, later on be estab-
hshed. The dealings IN The Pacific stocks
We're on smaller scale than for some
time. ana moderate amount of liqui-
dauon was noted in that quarter.
The local traction stocks were all
StronE, with very heavy dealings in
Brooklyn Rapid Transit. Advances We're
Ialrly common among the so-Cal.cd spec
laitles ana were pronounced in Consoli-
dated Gas and Peoples Gas Western
mon also advanced on the declaration OF
the usual quarterly dividend. which was
accompanied 10y the publication Of very
gratifying statement of earnings
The decided strength of Consolidated
'laS appeared 10 be again based or con-
slderauons OF the special returns likely
10 bt made to the shareholders through
The eventual disposition OF large part
OK the company real estate in this Hor-
oUgh.
Sugar Refining and American Tobacco
furnished about all of the animation that
appeared in the Industrial quarter OF the
market Sugar Refining again underwent
uncertain price changes, while American
Tobacco was firm, in anticipation of
very strong annual report. and also on
The belief that the negotiations looking
10 The acquisition of the havana Com
mercial Company would De brought 10
successful conclusion.
These negotiations are generally ac-
Cepted as part of a general plan through
which tha American Tobacco Company
viii acquire control of the tobacco manu-
featuring industry of this country and
virtually Of the whole world.
While no definite news of an encour-
aging character Was received from the
anthracite ccal regions regarding the set
uement of The wage scale, the anthracite
coal stocks were better supported today
Lhan for some time and were also more
actively dealt in. Aside from occasional
technical reactions the strength Of the
market was well maintained throughout
The day. and number of stocks which
had been comparatively quiet in the ear
Ter dealings developed strength Cn large
transactions the Atchis'n issues being
cases in point
Notwithstanding the strong ana fairly
active speculation that mas prevailed
throughout the week aud tho low bank
reserve, the money market continued eN-
tremely easy. and much of the borrowing
ol call was. indeed. effected below yes
tsroay average rate.