The age-herald., 1901-03-07
ABSORPTION OF
 RAILROAD STOCKS Character of the Stock Market Changed Little Yesterday FLUCTUATIONS WERE WIDE In the Railroad List Activity Was Somewhat Shifted From Stocks
 Which Were Prominent On
 the Previous Day.
FLUCTUATIONS WERE WIDE

New York, March 6-The character of today's stock market was very similar to that of yesterday Absorption of rail- road stocks of a high grade by buyers of abundant resources and of a substantial kind went on side by side with wide fluctuations in some of the highly spec ulative specialties.
 So far as the railroad department was concerned activity was shifted to some extent from those stocks which were most prominent yesterday. A notable feature of the market was that the stocks intended did not really respond at any time to the strength shown by in- dividual stocks. Also in those stocks which did advance the strength was not simultaneous. Apparently the demand for one stock would be largely satisfied be- fore buying was taken up In another.
 During the latter part of the day there was abundant evidence of large profit taking. Stocks which had been strong early in the day fell back materially, and many usually prominent stocks which were not notably active today were al- lowed to fall back below last nights level.
 Nevertheless, the days gains are very striking, both by reason of the character of the stocks affected and the amount of transactions and the extent of the gains in them, Yesterdays late move ment In Burlington was continued at the outset this morning, and the stock was carried up, 29s to 1501k, a record price, The strength of the stock was due to the fact that large competing railroad interests are admittedly buying the stock, profess edly for investment, but, according to the Wall street interpretation, with a possi- ble view to consolidation or at all events to the extension of a community of in- terests. Union Pacific, Northern Pacific and Pennsylvania were all said to be interested in the buying. The Baltimore and Ohio Railroad stocks continued to show conspicuous strength, the common advancing and the preferred 2A. There was also a striking movement in Atchi- son prferred, which carried 1t up 3 points. The common stocks of this road, Union Pacific. Southern Pacific and L. and N. were also very strong The later movement of the day showed some ap- pearance of manipulation for the purpose
 
 taking was in progress elsewhere.
 The reactionary movement took a point or more from the best prices of many of the stocks. There was a long list of stocks of smaller railroads which were moved up all the way from point to 2% Long Island rose S1a on light trans actions and closed with net gain of 6%. a Among the industrials Amalgamated Copper and Sugar claimed the largest share of attention. The former opened down 1% on reports of a renewal of an- tagonistic measures in Montana. It was strongly supported and was rallied 2A at one time but in the late dealings 1t broke below 101 and closed with a net loss of 2A Sugar was forced under last night for only a brief period and after varied fluctuations closed with a net gain of 1es
 The steel stocks continued much neg lected and heavy In tone. The formal steps toward completion of measures to insure the exchange are still in progress While the new securities thus remain non- existent, operations in the group are hampered The subtreasury has taken nearly sS,OO000O from the market since last night and bankers report that the turn in the tide of interior money move- ment to New York Is at hand.
 Call money shows tendency to work somewhat closer.
 The railroad bond market continues ac- tive and prices generally higher. Total sales, par value, $5000,000. United States ss regular declined b per cent on the last call.
 New York Stock Market.