The Washington times., 1902-06-19
Stock Transactions Rank
Exceedingly High for
Present Month.
RAILROAD SHARES GO UP
Public Appears to Take Decided Inter
est-Heavy Transactions on the Curb
in Northern Securities - United
States Steel Loses One-Half Point.

NEW YORK, June 1S.-Transactions
in stocks were nearly 100 per cent
larger than yesterday, and in fact the
largest on any full business day since
the early part of last month. They
were fairly well distributed among the
usually leading issues, circumstance
that gave the market a broadening and
helpful appearance.
Missouri Pacific was again the leader
in respect to activity and scored fur
ther net gain of Il point. The most i'm
portant movement, however was in Illi-
nois Central, which was dealt in nearly
as extensively as Missouri Pacific. at
q net advance of five points.
To Increase Capital.
The maximum advance in this stock
was seven points. The explanation of
this movement was furnished after the
close of business in an official announce
ment that the company had decided to
increase its capital nearly $4,000, 900
and will offer new stock to its share
holders at par. The proceeds will be
used for Improvements, including double
tracking, terminal and additional equip
ments.
Union Pacific was nearly as active as
the two stocks already named and tho
revival of interest in it left the price
IL per cent higher than yesterday.
Other strong features were Pennsyl-
vanfa, Reading common in the early
dealings. and among the less active
Issues Chicago and Alton. Great North
ern preferred, Rock Island, Hooking
Valley, Metropolitan Securities, Mis-
souri,. Kansas and Texas preferred, st.
Louis Southwestern issues, Texas Pa
cific and Wabash common.
Rise in Missouri Pacific.
The advance in the shares of the rail-
roads operating in the Southwest
were doubtless due to an appre-
citation of the conditions that have in
fuenced the rise in Missouri Pacific
st. Louis Southwestern preferred was
unusually active at a net gain of AZ
per cent.
While large part of the trading was
due to greater activity on the part of
professional operators and various in
terests identified with the management
of companies the securities OF which re-
ceived noteworthy attention, there was
also noteworthy increase in the
amount of business transacted through
commission houses.
This indicates that although the usual
season of recreation is at hand, the
public is disposed to take an active in
terest N the stock market if it can de-
tect evidence of competent leadership.
Notwithstanding the strength shown
by large proportion of the railway list
the market for the Industrial group was
in the main heavy. Sugar refining, which
was first in respect to activity. closed
nearly a point lower than yesterday at
q recovery of the same amount from the
lowest price.
Steel Goes Down.
The United States Steel stock lost
half point and Colorado Fuel sustained
a net loss of * points. The only issue
that was exceptionally strong was Cen
eral Electric, which advanced 5A points
The increase in the dealings in bonds
was fully as pronounced as that in
stocks and the market was more uni
formly strong.
On the curb there were further heavy
transactions in Northern Securities, at
an advance to LOG. OF the copper stocks
Union was most extensively dealt in, at
an advance to AZ
Other noteworthy dealings were in
Champion Match and International Salt
certificates at a decline from 12k TO
llh. Owing to profit taking in the late