Evening star. [volume] (Washington, D.C.) 1854-1972, 1902-04-03
FINANCE AND TRADE
Heavy Buying Of st. Paul
Common Stock.
FEATURE OF THE DAY
NORTHWESTERN ISSUES ALSO
MET COOP DEMAND.
Hooking Valley Shares Also Showed
Improvement-The General
Market Reports.
FEATURE OF THE DAY
special Dispatch to The Evening Star.

Special Dispatch TO The Evening Star.
NEW YORK, April 3.-London quotations
Tor American railway shares were firm and
about on a parity with our closing of yes
terday. Rio Tintos were a shade higher at
A. Discounts in that market continue
easy.
In the local stock market a little more
activity and strength characterized the
initial dealings, prices very soon after the
start showing advances ranging from small
fractions to lint more. Transactions
were in small lots for the most part with
the exception of ST. Paul common stock.
This stock, notwithstanding inside de-
malls of any accumulation, or that there
is to be any melon cutting. continued TO
be heavily purchased. 1t was easily the
strongest feature of the market at the
start. Opening at about last nights clos
ing figures, round lots Of the stock were
taken-one house alone picking up lO,oD
shares-and the price advanced over 1
per cent
At about this time Chicago and North
western preferred and common became
active, and the first named gained ) per
cent. while the common advanced per
cent While there may not be anything in
TINS incident, some observers of the tape"
mad the temerity to suggest that there
might be deal on between these two prop
critics.
Other stocks which showed the greatest
improvements at the start We're Hooking
Valley preferred and common, Frisco is
sues, Toledo. St. Louis and Southwestern
preferred. The advance in the latter stock
was on reports that offer at considera-
bly, above market figures had been made by
a prominent interest for control of the
property.
In Hooking valley there was more talk of
the retirement of the preferred stock and
~ I,.H was stated that this move would not be
difficult. as insiders practically control all
OF the stock The earnings last year on
TINS property were not less than 5h on
both classes of stock, after allowing for
iperat expenditures in the maintenance de
partments. The present earnings are said
to show small increases over last year
wisconsin Central was active and strong
on rumors of closer relations with Illinois
Central.
In the industrial group, Sugar and United
States Steel issues, and Bicycle stocks
showed fractional improvements. while
Amalgamated Copper and Ana conda were
heavy In tone and Boston was said to he
quite seller of both.
In regard to Amalgamated 1t was stat
ed that the recently formed bull pool had
gotten more stock than II expected around
65.
Brooklyn Rapid Transit was well SUD-
ported. notwithstanding the decrease of
Sii'393 Tor the month of January, while
the decrease for the seven months past is
S256.231. and increases in expenses and
taxes are $1342 S7 for the latter period The
latter increases are taken as indicating
tHdt pieSeIl managers OF the company
devoting attention to improving the road.
In the early afternoon dealings there was
less activity and some profit-taking which
caused little reaction in the general list.
Colorado Fuel was freely sold and lost over
per cent from the early prices Amalga-
mated Copper was also weak and the price
broke to about G3 Ia on continued selling
for Boston account
Around the delivery hour. 2:13. there was
renewed buying In st. Paul, one prominent
brokerage house taking 5000 shares. the
price advancing to 1875; Chicago and
Northwestern also added another point to
its early advance and New York Central
became strong in sympathy with the latter
movement gaining over per cent on active
trading. The renewed activity and strength
in these standard railway shares had a
beneficial effect upon the whole active list
and prices generally gained in strength.