Evening star., 1902-03-19
ErTatic Course Of Some Spe-
cialties Among Stocks.
RAILROAD LIST DULL
COLORADO FUEL AND IRON
MAKES SHARP ADVANCE.
Prospect for Advance In Sugar UndS
Defeat Of Beet Sugar Men
Here.

Special Dispatch to The Evening Star.
NEW, YORK. March 19.-Irregular cad
Ing, confined largely to the trading element
In the room. was the chief feature Of to-
days stock market. London cables re-
f1ected a similar condition on that side. and
there was no important business from for
eign houses.
The most remarkable fluctuations In the
market were confined to the Industrial
shares. adrot manipulation In certain is
sues attracting attention during the open
ing hour Colorado Fuel and Iron opened
on running scale up to 107. against a
closing level Of 9S last night. From this
point sharp reaction to 1921 was record
ed. and later In the day a moderately
steady level was maintained.
The reason for this sudden outburst. Of
enthusiasm Is said to be an effort to dis
tribute the convertible bonds OF the COM
pany to good advantage. This issue is lin
ited to $10,0oO.OO0 and may be converted
into stock at par after two years. Inside
interests believe that a market for the
bonds can be made by keeping the stock
above par for time.
The movement was also accompanied by
the usual rumors relative to a possible deal
with the United States Steel Corporation.
The stock OF the North American Com.
pany was advanced still further during the
opening hour. but realizing sales were q
feature In spite of the effort to credit tho
purchases to the Morgan interests
The rumor that the Northern Securities
Company might find the charter Of tho
North American Company q convenient
way out of legal difficulties was not se-
riously considered In official circles. Gem
eral Electric. Westinghouse and similar
issues were advanced during the morning
under buying said to be above the average
Sugar was taken In hand at one time and
forced up to l30. but the new high prices
siderable scale.
The defeat Of the beet sugar men In WASH
ington may be made more Of at a later date
when the legislation Is completed and the
trade begins to appreciate the strength OF
the American company's position. Amalga-
mated Copper was marked UP under
rumors of new efforts to restore harmony in
the trade, but the buying was mainly
against previous sales.
In the railway list there was some good
buying OF Atchison. Rock Island and st.
Paul. The former property was bought on
the encouraging crop advices sent from OLD
cials along the companys own lines The
earnings of Atchison and a good crop pros
pect should bring the stock into prominence
IN any new business which may come into
the market. The Nickel Plate issues were
strong. under buying by Vanderbilt brokers',
said to have been inspired by expected de-
velopments OF decided advantage to the
property.
The coal stocks were given good support,
but the aggressive buying in them, noted
yesterday, was not resumed. Baltimore
and Ohio was well taken by the pool. ana
good demand at concessions was noted in
Pennsylvania.
The traction issues were strong for the
most part, although Manhattan was made
to look heavy at times.
The meeting OF Brooklyn Rapid Transit
tomorrow Is awaited with considerable In
terest.
Bankers predict a good bank statement
at the end, Of the week'on account chiefly,
OF gains through the subtreasury. Money
is easy as the result Of this prospect