The Washington times., 1902-03-18
A New Low Price Record
ed for the Stock on
Liquidation.
OPENING FIRM And CHEERFUL
Insiders Credited With Buy
ing of Baltimore and Ohio.
SOME DECIDED ADVANCES
London Sends in Higher Prices-Trac-
tions in Aggressive Position-Consoli-
dated Gas Dealings Give Rise to Ru-
mors of Interesting Developments.

NEW YORK. March IA very much
more cheerful sentiment prevailed in
stock market circles today than has been
noted in several weeks. While the news
in itself was not o; an especially note
worthy character, it undoubtedly served
to create a better feeling among those in
terested in the general markets.
London cabled higher range OF prices
for American stocks and the improvement
abroad was based on the bank statement
of Saturday, which proved 10 be so much
better than had been expected.
The market opened with generally
strong tone prevailing. There was nota
BILE exception. however in the case of
Amalgamated Copper. Owing TO unfavora-
BILE reports concerning the company
the liquidation set in at the opening and
continued until 21a of decline was
reached.
Copper's Support .
The only support detected in the stock
was that from operators who covered con-
tracts for the decline. In the meantime
moderate gains were recorded elsewhere
in the railway and industrial lists. The
local transportation shares. particularly
Manhattan and Brooklyn Rapid Transit,
were decidedly strong on aggressive pool
operations
Among the standard railway shares
substantial gains were made by the coal
ers, Southern Pacific. the Atchison, Mis-
souri, Pacific, and other Gould stocks.
Consolidated Gas was responsible for un
usually heavy dealings, and there were
renewed rumors CT developments in the
near future in the gas. situation that
would be decidedly welcome to the stock
holders of this company
Some Pronounced Advances
There were a number of sharp move
ments in individual stocks and some spe-
cialties that are rarely prominent in the
dealings. General Electric. Westinghouse
Electric Continental Tobacco preferred,
Chicago and Northwestern, and Mime
apolis, St Paul and Sault Ste. Marie pre-
ferred enjoyed the most pronounced ad-
vances. London traded in about 1000
shares, selling the Wabash issues on the
advance but buying on balance.
Some of the London buying was at
tributed to New York orders. Boston was
the heaviest seller of Amalgamated Cop
per throughout the day, and in that city
offers TO sell the dividend on round lots OF
stock for less than the last declaration
were made.
Buying B. & o.
Insiders were credited with purchases
in Baltimore and Ohio which occupied a
more conspicuous place in the trading
than for some time. The continued firm
ness in the Southwestern issues was in
part due to the more favorable weather
reports Unfavorable dividend rumors re-
garding American Ice common were again
circulated. and resulted in the decline
scored by that stock.
Amalgamated Drops.
very fair degree of activity in the
afternoon session was again characterized
by fresh liquidation in Amalgamated Cop
per that resulted in new low price
for the stock. There had been hope
that the market had broken away from
this influence, but apparently 1t is to con-
tinue to act as disturbing element until
the next dividend meeting takes place.