The Washington times., 1902-06-14
Missouri Pacific Days
Feature Scores Greatest
Net Advance.
BETTER ISSUES IN DEMAND
Moderate Transaction, Unusually Well
stributed-Movement in St. Paul
Attributed to Manipulation-Sugar
Refining Moves Up.

NEW YORK. June 13.-The larger
dealings in stocks, as compared with
yesterday, and the material advances in
the prices of a number of leading is
sues were popularly attributed to great
er activity on the part of the Western
contingent, the members of which. 1t is
understood, base their renewed interest
on the long side of the market on the
generally satisfactory crop prospects.
An analysis of the dealings in stocks,
however, shows that there will be con-
siderable activity in a number of issues
which, up to the present time, have
never received attention from the Wes-
tern steel mill centers. Among these
are Missouri Pacific, which again led
the list in respect to activity and scored
the greatest net advance; Mexican Cen
tral, which was unusually active at a
net advance of nearly a point and Su-
gar Refining In which there was a re-
vival of interest that left the price IL
higher than yesterday.
The St. Paul Movement.
The movement in st. Paul may reason
ably be credited TO the speculative in
terest referred to and it is possible that
the same interest had something to do
with the late advance in Reading. which
left that stock more than point higher
than last night. More important than
any of these movements were the larger
dealings in bonds, the increese, as COM
pared with yesterdays sales, being
nearly 100 per cent.
Investment issues were in better de-
mand, presumably in anticipation of the
large interest payments that Will be
made July /. There were heavy deal
ings in Chicago, Burlington and Quincy
joint fours, Colorado Fuel convertible
fives, Mexican Central issues, Union Pa
cific convertible fours and Wabash de-
bentures.
The last named were exceptionally ac-
tive at net advance of nearly
points. and the movement in them ex-
tended to the shares of the company.
The demand for all of these securities
can properly be regarded as rejecting
confidence in the future of the prop
erty, now that its extension to the At
lantic seaboard is assured.
Well Distributed.
The moderate transactions were IN
usually well distributed. In addition
TO the issues already named. Atchison
common, Chicago and Eastern Illinois,
Chicago Northwestern. Chicago Termi-
mai preferred. Iowa Central common,
Minneapolis and ST. Louis, and st. Louis
Southwestern preferred received fair
amount OF attention at advancing prices.
On the purchase of only 100 shares, Fort
Worth and Denver City stamped ad-
vanced nearly 3 points.
In the Industrial list the only note
worthy dealings we're those in Sugar
Refining the market for which was ap-
parontly affected by the Presidents
message to Congress urging the pas
sage Of the Cuban reciprocity measure.
The only news cf special interest to
the financial community other than
railway traffic returns and crop reports
was the usual weekly computation of
figures relative to the known move
ments of money this week, which indi-
cate that the banks have gained a
small amount Of cash and al the same
time have increased their loans, but
apparently not to large amount.