The Washington times., 1902-05-24

of steadily improving conditions and
positive statements from London of al
early termination of the Boer war seem
TO have made speculative holders OF
stocks as well as investors more re-
luctant to part with them than ever
before -
Prices Move Up.
In consequence a very moderate de-
mand, chiefly from professional traders,
resulted in higher prices for practically
every issue that received attention. In
the railway list the shares of the gram
ger trunk lines were again the favorites.
Union Pacific. Atchison common. and
St. Paul we're fairly active. and enjoyed
net advances averaging fully a point.
The trading in Canadian Pacific was
on about the same scale as in the three
stocks just mentioned. and after a slight
decline at the opening II advanced
steadily and closed IL per cent higher
than yesterday. In the late trading
fresh interest was reflected in the mar
ket for local traction stocks, particu-
larry Brooklyn Rapid Transit, which en-
5oyed net gain OF IL points.
Good Showing Made.
Less active issues that made good
showing were Kansas City and Southern
preferred. Louisville and Nashville, in
which the transactions were only 1,500
shares. and p, c.. C. and St Louis.
There was spasm of activity in Pa
cific Mail and that left the price near
~ 2t points higher than yesterday.
While there was comparatively little
doing in the industrial list, the move
ment of prices was more pronounced
that In railway stocks. Amalgsmated
Copper was first In respect TO activity
and though the dealings were smaller
than yesterday and the maximum nuc-
tuations narrower, IL scored a somewhat
larger net gain. There was a further
advance in Anaconda Mining and a sharp
recovery of 2k points in Colorado Fuel.
The other iron and steel stocks we're
comparatively neglected.
National Lead Active.
National Lead. particularly preferred.
received moro attention than for long
tine past, and the Issues scored a net
advance Of nearly points. The revival
OF interest was based upon the an
nouncement that practically all the lead
producing properties of value not con-
trolled by the company have been Sc
cured by interests Identified with the
Union Lead and Oil Company, which. IL
was assumed, would eventually form a
combination with the National Lead
Company.
Other industrials that made note
worthy progress toward a higher level
were Consolidated Gas. Fuller Construc-
tiOn issues, and Westinghouse Electric
common. On the purchase Of less than
1000 shares, Virginia Carolina Chemical
recovered nearly half OF the quarterly
dividend which was deducted from the
price of the stock al the opening.
The dealings in bonds were unusually
light. except in few issues, namely
Colorado Fuel convertible fves, Green
Bay. and Western debenture BIS, St
Louis Southwestern second fours, and
Union Pacific convertible fours.
In Outside Market.
In the outside market the present
transactions were in San Francisco |
Railway subscription and preferred |
stock. the last named advancing to Ga; |
in Electrical Vehicle, Consolidated stor- |
age Battery, at an advance TO 1855; |
Northern Securities at an advance to
1011s; United Copper and British CO.
lumhia Copper.
The prospects of an excellent show
tng by the banks tomorrow were not |
without effect on speculation during |
the last half Of the day. In spite Of the |
bright outlook for settlement of the |
Boer war, foreign trading In this mar
ket was unusually light
The close was strong al ahou; best |
lriees.