The age-herald., 1901-03-23
GREAT VARIETY IN
 STOCK MARKET  Many Movements Under Shift ing Operations of Pools, TONE WAS QUITE CHEERFUL In the Railroads the Only Substantial Strength Was Shown In Trunk
 Lines and Wabash-steeI
 Stocks Were Quiet.
TONE WAS QUITE CHEERFUL

New York, March 22.-There was a great variety of movements in the stock market today under the shifting opera tions of speculative pools. The opening was quite strong, the most potent in- huence being the more cheerful tone In the foreign markets on the agreement reached between Great Britain and Rus sia over the difficulty at Tien Tsin. The Fries seemed to have appealed to the fa- vor of the foreigners in response to the late notable upward movement here yes terday, and they enjoyed good share of the opening strength, but profit-taking sales were particularly directed against them afterward, and their reaction had a large influence in bringing about the sub sequent depression in the general mar ket.
 The local municipal stocks were under decided pressure, and apparently a very large line of speculative holdings of all the principal members of the group were liquidated, making heavy inroads upon their prices. Attempts were made to hold the market by advancing individual stocks here and there, but they were on- ly indifferently successful, serving sim ply as a cover for continued realizing. The heavy tone in Burlington since the first of the week has had marked in huence on the general market, so that it was picked out as an effective rallying point, and was bid up within a quarter of last Mondays high level. It fell back 214 points, however, and closed with a net gain of only fraction.
 Among the leading railroad stocks the only really substantial strength was shown by the Trunk lines and by the Wa bash issues. Pennsylvania led the for mer group with an extreme advance of points Reports of traffic so large as to tax facilities and of higher rates to come on grain were the grounds for the ad- vance. Pennsylvania was the only mem Der of the group that held well. The buy ing of the Wabash stocks was on a very heavy scale, and all offerings were con- fidently absorbed. The preferred was carried up an extreme 3%, closing at the top, and the common gained 11a. Nothing definite is known as to the source of the buying. but the belief continues that the property Is destined to absorption by an- other system.
 There was some continued show of strength among the group of minor prop critics, which have been recently promi- nent, but none of them was well held The Denver and Railroad group moved up "A for the common and 3A for the pre- ferred, the belief that they will pass into control of the Missouri Pacific Northern Pacific rose points without any news Western Union moved up over ?. Ameri- can Car moved up 2A and the preferred 2as on rumors of consolidation. Interna- tional Paper rose and the preferred 2A on reported working agreement with a competitor. Sugar moved very irregu- larly, both up and down on large deal fngs. The preliminary estimates of the cash movement indicate that the receipts and shipments from and to the interior about balance. The subtreasury absorbed in the week past $1273,000. It is possible, however, that special movements may af- feet the showing as they have for several weeks past. The call for the $25, ,000, 900 in- stallment on subscriptions to United States Steel Corporation, to be paid on Monday without perceptible effect on the money market The steel stocks were quiet today.
 The bond market continued active Total sales, par value, s5,425, 000 United States bonds were all unchanged on the last call.
 New York Stock Market.
 By Private Wire to Murphy 6 Go.