Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-05-04
FINANCE AND TRADE
Big Jump in Delaware and
Hudson.
JERSEY CENTRAL UP
THE MARKET GENERALLY WAS
STRONG.
Close Was Active at About the Highest
Prices Scored During
the Day.
JERSEY CENTRAL UP
Special Dispatch to IN. Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, May Ain the London
stock market today American railway
shares were at about our closing figures Of
Saturday. excepting st. Paul up y per cent
and Canadian Pacific. Is per cent better.
In the local stock market the opening,
as was the rule last week. was quiet and
without special feature excepting some
special movements in some OF the anthra-
cite coal stocks. Delaware and Hudson
gaining over per cent and Delaware,
Lackawanna and Western advancing over
1 per cent on small transactions. The Read
ing and Erie issues also showed q nrmor
tone. with good fractional gains.
st. Paul was not as strong at the start az
in London. but 1t soon gained u per cent.
Missouri Pacific continued to show good
strength and rallied nearly per cent in the
first half hours trading, on buying for the
inside interests.
The local traction shares were in good de-
mand. especially so in Brooklyn Rapid
Transit and Metropolitan. both Of which
were up about ~ per cent Manhattan was
about steady at Saturdays final price.
The Mexican National issues were q per
cent better and there appeared to be q
somewhat better demand for those stocks.
The steel shares were only steady, with
rather quiet dealings. Sugar and copper
SHOCKS were better, the FORMER gaining "
and tho latter up V per cent.
After the first ten minutes Of speculation,
the market became active and somewhat
stronger. the whole list showing good frac-
donal Improvement over initial prices.
Bond dealings were quiet but firm
The banks gained s411 900 from the sub
$497 600. The latter institution was also Q
$4,000, the latter institution also a
debtor to the clearing house today to the
extent of $685. There was some early
western buying Of Rock Island issues.
The advance in Delaware and Hudson
was ascribed either to purchases in the
open market by the company interests for
retirement purposes as they have a right
to do or to early advance Information re-
earding a possible extra dividend the
stock. The road is not earning at the rate
of 20 per cent on the stock.
After the first hours trading the market
broadened out considerably and became
more active, the continued rise In the high
priced anthracite shares, notably Delaware
and Hudson, which was up over six points,
and Delaware and Hudson and Jersey Cen
trail, up over two points, having good eff
feet upon the rest Of the list, the grangerD
coming in for a good share Of the improve
ment on more encouraging weather condi-
tons throughout the west and reports that
the last cold snap did not do any material
damage to the crops throughout that re-
gion. The Reading and Erie issues also
came in for a little more activity, and
gained over point from Saturdays low
level.
Around noon there were rumorS OF I'M
pending gold exports to the amount of near
ly three millions, but this only served to
check speculation little, prices holding
the forenoon advance very well. Up to
noon the total sales of stock were 221 400
shares, and in bonds 81, 1872 900, which 70 Q
good increase over last weeks trading for
the same period.
Foreign houses traded in about 1900
shares. buying little on balance Com
mission houses reported a little increase in
outside business.
The only feature to the early afternoon
speculation was its inactivity. Prices how
ever, still continued to show gnod strength
and the offerings were well taken.
After the delivery hour (2:Io pm) the
market again got little active and prices
generally improved slightly.
Westinghouse stock has been unusually
active today, due possibly to forthcoming
rights on new stock issue. Money on call
continues easy. and time loans also show
an easing tendency.