The times. [volume] (Washington [D.C.]) 1897-1901, 1901-03-14
ACTIVITY IN THE GOULlS
Substantial Advances in the South
western Issues Generally.

Texas Pacific and Missouri Pacific
Buoyaut-The Western Union and
the Tobacco Trust Annual Re
ports - Consolidated Gas stocks.
NEW YORK, March 1S.-Today's 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 specialties
in the railway list, conspicuous examples
being Iowa Central Toledo, st. Louis and
Southwestern. Chicago and Great West
ern. 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 In Texas Pacific, while st. Louis and
San Francisco, on the other hand, was
somewhat reactionary The special in
fiuences effective in the speculation in
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 different quarter of the market
Chesapeake and Ohio and Norfolk and
torn
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 oubli-
cation Of the companys remarkably fine
annual report, and interest regarding this
stock will now undoubtedly focus around
the question as to the rate of dividend
upon which it will, later on, be estab-
hshed. The dealings IN the Pacific stocks
We're on smaller scale than for some
time, and a moderate amount of liqui-
dation was noted in that quarter
The local traction stocks were all
strong, with very heavy dealings in
Brooklyn Rapid Transit. Advances We're
fairly common among the so-cal!ed spec
lalties, and were pronounced in CONSOLE
dated Gas and Peoples Gas. Western
mon also advanced on the declaration of
VT usuai quarterly dividend, which was
accompanied by the publication OF very
gratifying statement of earnings
Inc decided strength of Consolidated
Gas appeared TO he again based on con-
siderations OF the special returns likely
TO be made TO the shareholders, through
the eventual disposition OF large part
OF the company real estate in this bor-
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 nrrn, in anticipation of a
very strong annual report, and also on
the belief that the negotiations looking
TO the acquisition Of the Havana Com
mercial Company would De brought to
successful conclusion.
These negotiations are generally ac-
cepted as part of general plan through
which the American Tobacco Company
will 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 coal regions regarding the set
Uement of the wage scale, the anthracite
coal stocks were better supported today
Than 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 a number of stocks which
had been comparatively quiet in the ear
Her dealings developed strength on large
transactions. the Atchispn issues being
cases in point
Notwithstanding the strong ana fairly
active speculation that mas prevailed
reserve, the money market continued eX-
tremely easy, and much Of the borrowing
on cali was indeed. effected below yes
terdays average rate.