Evening star., 1901-04-03
FINANCE AND TRADE
Big Dealers Continue on Bull Side of
Stock Market.
ANOTHER BULGE In BURLINGTON
Southwestern Group of Railroads
Was Also Strong.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK, April 3.-Tradins in the
high priced investment issues WAS the
feature of today's stock market. The vol
ume Of business was enormous, the total
sales to noon being se7 900 shares. Realiz-
ing was in progress on a large scale. many
commission houses closing out practically
all of their long stocks.
The delay In getting reaction has re-
suited In an increased tension, and stocks
have been sold more from nervousness than
from any other cause The disease has
manifested itself almost wholly among the
smaller operators.
The larger interests, however, show no
signs of falterhg, and today's advances in
the high-priced specialties show conclusive
ly that the community ity-of-ownership ma
chinery is working smoothly.
Burlington was advanced something over
per cent under buying said to come d.
rectly from the inside. If present plans do
not miscarry the deal will be officially
closed over the coming holidays and an
nounced publicly early next week.
The movement to make the stock sell at
1S0 ana Northern Pacific common at par
is most aggressive. Erie issues were well
taken up to new high prices. but the
force is less pronounced In these shares.
Rock Island was advanced sharply under
big dealings. but there was less discussion
of the Atchison alliance. The buying. how
ever indicates that something out Of the
ordinary Is expected.
Atchison directors met during the day.
but transacted merely routine business.
The failure to act upon dividend for
the common stock is attributed to a differ
ence of opinion to the rate. Some d.
rectors are said to favor a per cent pay
begin with IL. The matter was left open
until the May meeting. The company's
earnings are sufficiently large to sanction
the higher rate. but due regard for lean
periods would make the smaller payment
desirable as a matter of policy.
An advance of IL per cent in Delaware
and Hudson brought out the serni-offlcial
announcement Of lease to New York Cen
trail. The dividends are to be guaranteed
at Z per cent for the first year and per
cent after that date. The stock responded
easily to the new buying and brought all
the Vanderbilt shares into new promi-
nence.
New York Central was strong. and the
belief is gaining ground that something is
to be done for the shareholders OF that
company.
Peoples Gas was advanced under a mixed
demand, and there is less fear of hostile
legislation on the part of the Illinois legfs-
lature. There are numerous interests
friendly to the property who remain unwill-
ing to take anything for granted while that
legislative body is I'm session.
The Southwestern group was strong the
buying of Texas Pacific being good and
very optimistic predictions were made con-
cerning Missouri. Kansas and Texas.
The market throughout the day. was
openly manipulated and the advances were
made with such show of force to pre-
clude short selling. By giving the con-
troll OF the new steel deal to Mr.. Keene
the managing syndicate has shown SPLEEN
did Judgment.
This bear leader Is forced to refrain from
attacking the general market for fear the
steel group will break In sympathy. His
reputation for holding the steel stocks up
is more to be desired than the distinction
of forcing the elimination of the general
boom.