Evening star., 1902-04-12
Stock Market Was More
Favorable Today.
SOME SHARP ADVANCES
CHICAGO AND EASTERN ILLINOIS
MADE BIG JUMP.
Good Buying of the Pacifcs and
Grangers-Atchison Particularly
Well Bought.
Evening Star.

Special Dispatch 10 The Evening Star.
NEW YORK. April l2.-Trading in to-
days stock market reflected steady un-
dertone and moderately favorable change
in speculative sentiment. London sent over
higher range Of prices and expressed con
fidence in the probable success OF the peace
negotiations I'm South Africa. All fears of
a corner in Nashville seemed to have been
dissipated and the local situation was ma
terially improved I'm consequence.
The various pools were more aggressive
than usual and met with considerable sue
cess in few leading spe peclalties. In the
railroad list the buying was of a mixed
character. but commission houses Were
well represented Canadian Pacific and the
500" issues were exceptionally strong un-
der pool buying, the former being forced
up sharply TO 120 during the last hour.
Chicago and Eastern Illinois was marked
up SlR per cent under buying by clique
who have their purchases on the belief
that the property is desired by a prominent
trunk line. Evansville and Terre Haute
was advanced in a similar way. the move
ment being helped by the covering of short
stock. Colorado Southern issues were made
active under big demand credited to the
new interests In the property. The com
mon stock was made to sell at 30. and sub
sequently given good support. a fraction
under its best price.
Considerable curiosity exists as TO what
the new owners of Colorado Southern will
do with the stamped stock of Fort Worth
and Denver City. There are excellent rea-
sons for believing that an effort will be-
made to retire 1t in some way, now that
dividends have been resumed upon IL.
The entire market Is filled with special
features. many Of them unknown TO the
average trader, and some remarkable
movements are not unlikely once the main
situation clears up sufficiently.
ITrsn 40 eknr. Ea1ra aNHrN
Pacific and practically all of the grangers
were steady under a moderate demand
There was good buying in Atchison, but
The Traction issues were erratic. partic-
ularly Metropolitan, in which there seemed
to be good supply Of long stock seeking a
market. The rights on this stock have de-
cIned steadily all the week.
The advance in Amalgamated Copper was
arrested for some reason. but rumors of
sharp advance beyond 30 are to be heard.
The dividend meeting may be followed by
a concerted movement in the stock market
but sudden advances have never been well
sustained in the property. Sugar is being
carefully watched as probable feature Of
Importance, owing to the efforts To Increase
the proposed tax reduction Oh Cuban su-
gars.
The bank statement was more faVora BILE
than had been supposed and the market
closed strong in consequence. The gain In
lawful money during the week was SlU3 VO0
The loans have been reduced S6S4 600 and
the deposits are less by sI.258 800 These
changes allow for an Increase of 81 .g,g .,.,l
in the reserve, bringing that item up to
A.oil $50 Bankers predict a more favor
able currency movement from now on and
this fact, coupled with the prospects for
avoiding labor troubles in the anthracite
region, may make strong market during
the coming week.