Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-03-20
Stocks Were Generally Strong
Again Today.
SUGAR AN EXCEPTION
DISAPPOINTMENT OVER DELAY
IN CUBAN TREATY.
Sharp Favorable Reaction in Metro
politan and Other Street Rail-
way Shares.
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, March 20.-The cary Lon
don market for Americans was Irregular.
but In the later trading there were recover
les to about our closing prices. with two ex-
ceptions. Southern Pacific showing Ia. per
cent decline, while Canadian Pacific was up
over a point.
The local stock market opened quietly
but with prices generally higher. Southern
Pacific being the exception, with an open
ing loss Of Ia per cent. This decline was
quickly recovered, the stock gaining enough
to make 1t sell II per cent above yesterdays
final quotation. From this level another re-
action followed. carrying the price down
near opening figures.
Canadian Pacific made the best gain here.
as was the case in London, the stock open
ing up per cent and made further frac-
tional gains.
Louisville and Nashville gained q. Union
Pacific and St. Paul N per cent. Minnesota
and st. Louis 4 per cent on unconfirmed
rumors of a transaction involving the con-
troll Of the road. Pennsylvania also showed
some early strength, due to the scarcity
OF the stock In the street.
The local traction shares all showed good
strength and the demand for Brooklyn
Rapid Transit, Metropolitan and Manhattan
was better than for some time past. Met
ropolitan scented to be the most wanted by
the shorts and the price quickly gained 217
per cent on buying for that account. Man
haitian gained about / per cent and Brook
lyn Rapid Transit u per cent The steel
shares. though not active, showed frmness
Sugar. after opening at about yesterdays
closing figures. lost 1k per cent on sales
by disappointed bulls over the status OF the
Cuban reciprocity treaty, many holders not
relishing the long-expected delay before ac-
ton is taken on the measure by the House
of Representatives The best informed
people, however, continue bullish on this
speciality, and expect to see higher prices
for the stock this spring and summer.
After the opening the market continued
to show an improving tendency, good I'M
provements being scored in most OF the
active shares, the more prominent gains
being scored in Baltimore and Ohio, Cana
dian Pacific, Louisville and Nashville, Union
Pacific. Lead securities. st. Paul and the
local traction shares. Bonds were firm in
the early dealings and business somewhat
better.
The banks lost s594. 200 to the subtreasury
yesterday. Since Friday they have lost
81 .09S.0 and this compares with a loss
last week of A,4O6.0O0, and loss two
weeks ago of Sc, 123, 600.
In the midday trading the market was
not active, and prices generally showed
slight reactions from the best. The market,
however, continued to show a good under
tone Of strength, and there was no real
pressure observable anywhere. London and
commission houses were good buyers In the
earlier market and the pools in Baltimore
and Ohio. Louisville and Nashville and Ca
madam Pacific were active in their re-
spective issues
The anxiety over the Southern Pacific
Union Pacific troubles appeared to be di-
mnishing, and there was less talk of a
possibility of corner in the former stock.
Time money rates. one of the real factors
to the speculation just now, continued to
show a fairly easy tone. while call rates
were not oppressively firm, the last loan
being 5% per cent.
In the early afternoon trading the market
enjoyed little more activity, and here
tofore for the past few days rallies follow
ed. The greatest activity and strength at
this time was shown by Metropolitan Street
Railway stock. security that has fallen
about 10 points within the past two weeks.
and most of this weakness was caused ap-
parently by q political bear pool. who were
responsible for good many INSCRIPTIONS
pany, and by these attacks have profited to-
some extent by the decline in the stock.
Today this same crowd OF spectators ap
pear to be covering some of their shorts.
and possibly losing some of their gains by
overstaying their market in this speciality.
The general list continued to show
strength and Sugar recovered some of its
early loss.
The known movements of money for the
week ending at the close OF business yes
terday indicate a loss by the banks OF $521.-
200. The gain from the interior to the
banks amounts to abount $50 500 but the
loss to the subtreaSury Is about 81 OBS. 900.
compared to a loss last week Of nearly
81, 900, 900.
Around 2:3O pm. the market shaded or
fractionally on profit taking.