Evening star., 1902-03-06
PROTECT PRESIDENT FINANCE AND TRADE
Senate Takes Up the Bill for Strong Underone in Stocks
Discussion. Again Today.
MR.. BACON'S ARGUMENT FEAR OF DEAR MONEY
RESUMES SPEECH HOWEVER, sUFFI
ON SHIPPING GENT FOR BEARS
Vote Good Nhwestern-Ad
March II P. M General Electric
Ship Subsidy. Reports.
Strong Undertone in Stocks
Again Today.
FEAR OF DEAR MONEY
THIS, HOWEVER, WAS NOT sUFFI-
GENT FOR BEARS.
Good Buying Of Northwestern-Adr
vance in General Electric
Market Reports.

Special Dispatch to The Evening Star.
NEW YORK, March 6.-The steady un-
dertone noted in yesterdays market was
IN evidence again today the result of
an improved demand from commission
houses. Fears of tight money were In evil
dence among the trading clement, but
some very good buying came into the mar
ket nevertheless.
The buying Of Northwestern was resumed
upon a large scale. but there was no special
news to explain the movement. In some
quarters of the street an attempt was made
to credit the advance to speculative
clique. but this argument found few be-
levers. The fact that the property Is not
Immediately concerned with any Of the
combinations was also urged in support of
the movement. Big Four was Well taken
by inside or friendly interests. and some
gratifying developments I'm that property
are predicted.
ROCK Island was well sustained under a
big demand from the west. and there was
very little stock Offering to check the ad-
vance. st. Paul reflected a better demand
from conservative sources and advanced
easily in consequence.
Southern Pacific was supported by the
pool. and there was better buying Of Union
Pacific than at any time In several days.
The Coal shares recovered under mixed
buying by the room. the Readings rallying
easily under a demand which was helped
by the inside following.
Baltimore and Ohio and PENNSYLVANIA
found ready market at fractional ad-
vances Colorado Southern was supported
around its best level Of yesterday, but
there was no news as to the real motive
behind the buying.
SO far as the buying of the better class Of
railroad stocks Is concerned 1t may be ac-
cepted as an evidence Of confidence in GER
tain influential circles where the idea pre-
walls that there will be difficulty to repur-
chase to advantage stocks sold around the
prevailing level.
General Electric went we'll across the
$500 limit originally predicted by the in
terests behind the present movement In
that stock. Such an advance encouraged
better sentiment in all parts Of the in
dustrial list. Colorado Fuel was marked
up slightly under buying by inside inter-
ests. based upon the earnings Of that prop
erty. Tennessee Coal and Iron also re-
1ected the presence Of good inside de-
mand, and evidences Of a better demand
for some of the newer metal concerns were
reported The United States Reduction
and Refining is one Of the more promising
members Of the latter group.
The steel and iron shares as a class are
almost certain Of becoming leaders in any
revival OF Industrial speculation. Amalga-
mated Copper and American Sugar are
subjects Of special influences and are likely
to have alternate good and bad days. The
sentiment Of the street was more hopeful
today at the close Of business than at any
time in weeks.