The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-03-17
THE REPUBLIC: SUNDAY. MARCH II. 1901.
STOCKS WERE BULLISH
IN TONE THROUGHOUT.
FINAL FIGURES SHOW NATE.
RIAL ADVANCES.
Burlington, fractions and Several
Specialties Were Among
the Features.
SPECIAL.

"i~.fbBIslC SPECIAL.
New York, March 18-Saturday's stool
market was consplcuously strong and &C
tive. and was bullish in tone throughout
the final figures being nearly the best o
the day and showing general and man,
material advances.
Burlington and the fractions and sew
eral specialties among the rails were thu
features. and apart from the active profes
sional speculation. the good commission.
house investment buying of yesterday con.
tinued to-day In good volume. Bond market
and the high-priced investment stocks al
showed pronounced strength. London mar
ketS were heavy on the outlook for a pos.
sibie outbreak in China and foreign houses
sold here.
The market opened fairly active and with
a continuation of the recent strong tone.
TIE feature of the early market was
Burlington and Quincy. and there was
sharp bidding for the stock from the OPEN
ing. There is a sharp struggle on for con-
troll of this system, and it Is unofficially
admitted that capitalists long identified
with the property and its management are
opposed to any deal by which it becomes a
part of the big Northwestern systems and
are buying heavily Of the stock in the open
market.
Other strong issues were Illinois Central.
the Changers and Pacifics. Gains here were
mostly fractional, but the tone was firm
and similar conditions existed in regard to
the coalers and Southwestern securities.
The market continued to gain strength
with the advance of the session and the
heavy London market. and the expectations
OF an unfavorable bank statement were
ignored In the face of the continued good
buying.
burlington continued to lead the market,
and Its maximum gain amounted to nearly
been made and refused of a z per cent guar
anteed dividend on the stock for control.
The stock sold off slightly from the highest
Another strong feature was Chicago and
Northwestern. which gained over 4 per
cent. The dealings in the other grangers
ton, but they all showed good frmness.
Rock Island leading, with a gain of over q
point. The Pacifics were comparatively dull.
but held firm. with fractional gains.
Great Northern was firm on the expecta-
ton of a public announcement on Monday
as to the rumored rights. An advance OF
nois was taken as an indication OF impor-
tant deals pending in regard to that prop,
and and MCKEE HeM 1 Pare all showed pronouneed
strength. Illinois Central gained nearly 3
per cent, and Morgan buying Of Southern
Railway was reported.
with prices only slightly shaded from the
top figures
Wall Street Gossip.
The following SYNOPSIS Of tn, the gossip v in regard
New York, March 1s,.Londol cables reported
a Lover marx market fr. on s the other he sid, eide m and srs sar1ss
the two hours Of business. The selling was
a asav' EsI.. in r St. lrsslns A, sftsf the u irs ST. Sales Fl s was @;
london.
The buyinE Of Manhattan was continued on a
beash. 'Ssr 200. . share, in na the first h haS.0r The buy:
Ing on the large orders protested to be based on
IN, 'hs0T p=ropsrsy. IN The fssasE Stock * E :Re h RssslD rsvi tsaie the d.
story that n. Y. c. had leased the elevated sys;
was closed yesterday.
stock on the advance; and Rolston & Hoolsy, J;
&. 4 .foe sad i ln r.. A1 :;5si. orders aa,s.. The T,s t r SssI il
to keep complete record of the sales.
buying by ii, N. Hume : Co. The same arm
emily being for the same Interests that were
arm roads.
There was quiet buying Of Metropolitan Street
Railway. but. no effort was made by the buyers
70 advance the price. Flower & Co. and ~
All the Mexican Central issues were strong
in Mexican Central stock. Foreign bankers were |
heavy buyers or the stock. and their buying was /
generally understood to be connected with pend |
Ing arrangements with other Southwestern roads. |
It was currently reported on the Stock Ex-
the management. of the Erie and be succeeded
by a representative Of J. ]. Hill.
Activity and strength characterized the stock
market throughout the short session. this morn
ing. As was Anticipated by US; the lower range
in prices in London was altogether ignored.
while the chance that we noted, Of the bank
statement being favorable prevailed. -, B. G
and Manhattan, were remarkably strong fea,
and practically everything moved up .ubstan-
Mr.. Hill having denied that he was
making efforts to obtain control Of c., b. & O..
The present movement in the stock is believed to
based on expectation OF its being put on .
per cent basis. At one time to-day It showed
nent was received with great favor. Evidently
he prospect Is for a good stock market next
week.
London cables were as follows:
London. las p m;-The absence Of definitely
Russia Mt Tien-Tsin have depressed the home
securities markets. .,
Americans are in sympathy. having declined
& to s.