Evening star., 1901-03-13
Wall Street Spectators Turned to
Neglected Stock Today.
REALIZING In THE OTHERS
Interest Still Keeps Up in South
western Group.
GENERAL MARKET REPORTS
pecial Dispatch TO The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, March 13.-Prices were gen.
orally steady during the opening hour. and
the trading shifted from the recently active
issues to others which have been allowed
to drag for time. The southwestern group,
for example, showed signs OF proit-taking
on considerable scale but the effect OF this
was only to make an irregular range of
prices and had no effect on sentiment ST.
Louis and San Francisco sold of most from
Its high level. but St Louis and Southwest
ern and Missouri, Kansas and Texas were
active and very strong. The trading in Mis-
souri, Pacific and Wabash was mixed, but
the buying was the more effective
A Gould consolidation along lines equal
ing in magnitude the transactions OF east
ern roads is believed to be assured Earn
ings in the southwest are enormous ana
new value has suddenly been added to
every well-managed property I'm that sec
tfon.
Atchison issues were taken in hand again
today, after a week of neglect and re-
sponded easily to an excellent demand The
prosperity of this system and the fact that
q powerful eastern trunk line recognizes
the necessity Of harmonious relations with
it are factors inspiring confidence in The
price movement. Rock Island is being
quietly taken by interests supposed to be
in position to judge of its value. and who
are convinced that the community OF In
terest idea cannot work injury to the prop
erty.
Burlington was strong under persistent
rumors of deal with Great Northern and
Northern Pacific. These rumors have been
denied officially, but such denials are not
taken seriously. Every transaction of the
season has been similarly repudiated until
all danger of failure had passed. One block
of 10000 shares of Burlington was said to
have been purchased for a prominent di-
rector hitherto opposed to the deal. Should
the report be true the significance OF the
purchase is somewhat In doubt. since such
holding might either increase the oppo-
stion facilitate the acceptance OF the
plan. The stock being strong throughout
the day and the purchase referred to being
known to those in charge of the deal, the
inference is that new holdings mean the
abandonment of an old attitude.
Peoples Gas was stronger than at any
time in several days under a demand in
which short interest was conspicuous
This property has the one drawback of a
hostile legislature and once this ban is
for extension may be relied upon to exert
their natural influence. The pool In West
ern Union forced the price up beyond 81
and much contideRt talk of a further sharp
advance is to be heard I'm circles close TO
the management.
The tobacco companies sent in good re-
ports of their earnings, and the attention
of the street was again directed TO the pos
sible savings under the new revenue reduc-
ton bill.
The coal stocks were irregular, but in the
main firm. Erie issues were well taken
the scarcity of the floating supply OF the
second preferred being especially notice.
able. Good buying of Norfolk and West
ern was reported, and all of the soft coal
properties gave evidence of quiet demand
The money market ruled around 2I1 per
cent, and there is still the same absence
OF concern regarding the interest rate