The age-herald., 1901-03-16
STOCK MARKET IS
 YET VERY ACTIVE Number of Usually Dormant Stocks Were Conspicuous MARKET WAS VERY SP0TTY Evident That Powerful Professional Operators Were Making System atic Progress Through the List
 Taking Profits Largely.
 

New York, March 15.-There was in- creased activity in the stock market to- day, and disposition was manifested to come back to operations in the usual prominent stocks. The market, however, still continued very spotty and num- Der of usually dormant stocks were con- spicuous. It was evident that powerful professional operators were making sys- tematic prigress through the list taking profits on heavy scale on stocks which have recently shown cinsiderable ad- vances while bidding up prices at new points. Yesterday speculative movement was continued in some stocks which started upwaroS, while aggressive new points of strength were developed Among the latter Burlington was the most con- spicuous, all things considered, and had the most influence in encouraging buying of other stocks It was lifted SA points over last night at one time, in spite of the dragging tendency of other members of the Granger group. which were under pressure all day, especially St. Paul and the Chicago, Greatwestern stocks, the common and preferred.
 
 from proft-taking on yesterdays late ad- vance. There was a midday squirt in the group lied by the Fries, but they fell back again on renewed selling. The southwestern stocks showed a notable check to their recent strong upward ten dency and sold steadily all day. The St. Louis and San Francisco stocks were all reactionary, losing from IS to Among new points of strength developed today Illinois Central was conspicuous, reach ing 39s; Chicago and Eastern Illinois rose { on smaller transactions. There were gains of to 2% by Duluth, South Shore and Atlantic common and preferred, Can- ada Siuthern, Chicago, Indianapolis and Louisville, Ann Arbor preferred, St. Joe and Grand Island second preferred, Min neapolis and St. Louis preferred. New York. Chicago and St. Louis second pre- ferred and Hooking Coal. There were heavy dealings in American and Conti- mental Tobacco preferred, at advances of } and 219 respectively. Tennessee Coal rose 2A and pressed steel car preferred s5s. Chicago Terminal Transfer preferred rose 3A. The market closed with the price movement very much confused, st me few stocks selling at the top, but the major lty of the list under the pressure of profit taking. Tn money market continued un- disturbed in spite of the prospect of a weak bank statement Indications are of decline in the cash reserves of nearly ,3,O00, 900. the sub-treasury alone having absorbed $2,716,000 during the week. The payments, owing to pensions, are ap- preaching the maximum for the month and the requirements of the sub-treasury are therefore expected to grow lighter next week. Todays heavy dividend dis bursements are also expected to show their effect in next weeks money mar ket. The time for deposit of the steel stocks under the terms of the merger ex- pires next Wednesday. and when the plan becomes operative, the organization sym iicate will have to supply $25, 100000 in sash. Sterling exchange advanced today Tn spite of large buying of stocks for Lon- Ion account, estimated at 10000 shares on balances. Preparations for subscriptions 10 the forthcoming war loan in London may account for the f1rmness of ex- shange.
 Business In railroad bonds continued very large, the issues of southwestern railroads continuing the favorites. Total yales. par value, $S,6 6S5,000.
 New York Stock Market.
 pv Privafe Wire to Murphy Sc Co.