Show COMMERCIAL AND AN D FINANCIAL New Yc k March M Ch CT There T lere Was as a avery f very ery price movement during durins T short hort session on the stock sto k ex ex e Speculation was as active in only ony i l 1 few cw stocks stoaks and the te contrary move movement ment In these had bad ha the te effect of or conus confusing ing Ig tho th sentiment of ot the room traders The public had rumors that the Penn vf I 1St c the Chesapeake Ohio for tor ninetynine years year with wih a P guaranteed dividend bf f 3 per cent per which caused an excited open ing in that tat stock the art first transactions of or shares carrying the th th price 1 over ovir ove last In night This proved to be lh the highest price of oj the tiie day as a the large advance fn t f th the stock offered o red handsome ht profits P fo Targe stoc speculative f holdings holding Amalgamated Copper scored a 0 recovery from yesterdays weakness rising more nore mOle than three t r points over oyer nights price In toe the first frt minutes of tile the tle trading This also proved to be the highest h price of the session A number numb of I low law priced railroads were advanced In concert including the Wabash stocks stock Chicago Great Gret We tern St St Louis Luis San Sa Francisco stocks and ad Hocking Valley Valey There here was wa realizing going on in other parts part of oC he list and the tie tone ton of or the market turned heavy nil all 01 around before the bank statement appeared Prices of some of oC the prin principal princIpal principal cipal active railroads were wee forced for ed near nearly ly Jy a a point under last lat night Sugar Sugar fell fellan fel fellan an extreme 2 upon the announcement announcement of the death det In Paris of or an a official of the company The bank bak statement had evidently been ben discounted and the I shorts aborts bid Id up prices on themselves in their efforts efort to take tk profits The dos cos I lug was wa irregular on renewed realizing I in some tome stocks at the advance S The stock market has ha been active and strong stong during durinG the te past week by reason renn rennor K of or n ii a welt well wel diversified demand for tor rl railroad rail railroad road roa securities both bot stocks and ad bonds and an a aIma d speculation in some somo of or the industrials in the latter later class clas the stel stocks stock have been a a conspicuous exception and have haye been neglect neglected ed anji anft rat r heavy heay aside aide from the i stocks of o on of tile tHe te companies companie not in eluded In the States steel cor I which a u has been ben driven to tv tt cover cOver by y hn an aggressive i bull interest Interest I The buying bu ing of stocks stock has hA been at co o 0 further extension of the atI community of interest policy and was I reported to be for account of or competing and an connecting railroad systems system The grangers especially Burlington the Pa Pacifies the an 1 the Tide Tidewater Tidewater water bituminous joal oaI carriers have alt all been een affected at d t d by this influence The Theat al Jast at named name group was WI benefited by b the showing made In the annual annual report of the Pennsylvania Railroad company The good god results result reports report In this camP docu docu nent of the better beter freight rates rate secured I by the companies purchase of I holdings In competing lines I lally ial the te rates for tor soft coal coo created I a strong inland for create D nand Baltimore Ohio I Chesapeake Ohio Onlo and Norfolk Western Veter It I was vas wu the current belief belef In I Walt Wall Wal street ret reet that part of the buying was I 1 for or account of or the Pennsylvania corn com om I pany el The Pennsylvania annual report had ha a n stimulating effect on the I whole railway list from its reflection off or the prosperous condition It of the I transportation Industry in all al the dl di I emited branches s represented by that i company comp ny Th The stock touched a u record price during the week and many other 4 railroad stocks sold at prices price never be I fore equaled There were reports report current of of fur ther thor great consolidations to come In the railroad world which were based on the character of some of wee this buy ing TIit TIl activity of speculative pools poola in m nU m stocks J was wa responsible for some ome fomo 0 i thee tb reports port and the of others ther In the resulting advances th these se pools unloaded large holdings to taRS take profits causing mum much irregularity larity from time to time in the lh rUe nio emetic The To facility with wih which prices were J advanced where demand de td d j loped was WI evidence that the tie supply dI I of or stocks I Ia seeking a a market was wa not larse a e The recent buying of oC competing railroad interests Interest bunkers bankers and capi pl for purposes of or influencing con Irol haa h hu evidently much reduced the reduce floating supply of or securities In many directions A feature of or the market maet has lias Jut been the movement of stocks of oC i the smaller railroads which seem in any way way available for absorption by b I th the larger larger systems There has been a u furious speculation 1 In Amalgamated Copper which lifted I Ithe the price voll wol over par for tor or the first I th tie OR since Inco the t e stock was issued Sugar frt has Jt ba aUtO also had bad Its it usual speculation In ident to the dividend period The neg nog let lp t of the steel stocks after the pub Uon of ot the official circular contain ing of the consolidation has caused much comment The actual prices rices of exchange of securities ham per Jer operations operation in them In the market Provision has ha been made for dealing market in the the th trust certificates s issued for the stocks of ot the steel Kieel fl and ad iron companies tte deposited In assent to the thc plan But Dut there i nothing In existence to sent the new n w United States State steel stocks beyond individual contracts to deliver contract them when issued Dealings in delver these have continued in the curb market on a n very ver moderate scale and their price has ha been held above that that ruling for foe toz the old securities Opinion over oer the money market out look Jook Is uncertain The possibility of doser closer money mone conditions is a a factor fator m in the stock market marl et for tor the present Any decisive development in the South Ar Af rican war var Is bound to have hae hat an ence nCe On the te money monet mOI markets maket of or o the to world to the tho renewal eneval of the gold supply Hup l which woul follow Crop rop te pros j ets will wi hae have growing importance A from this time on The question of r f Queston wage ase adjustment adjustment among coal miners miner Is 1 given attention by stock operators k 1 The buying buyl of oC middle and ad operator y railroad r road bonds has ha been on a large J rg scale United de dined 1 4 and 48 c e The Cs advanced 2 6 4 over oer the t e closing bid of lar week Bond Dond ond Quotations Quo U C 1 S refund M r K T 97 registered 8 s N Y Central f r U S to e refund N J J C gel gen lt 4 coupon 10 No Pacific e 71 r f r S Se reg Ul I No o Pacific a 4 I to T I S Q to as II coop N C i to St F I S it I I 45 reg t L L te 1 imi I t U S IB Is I teV 4 S n a lL N W V con conOre L C t S o 0 4 4 n rl reg U Ore Or Nay Nav Nv en In is 1 llO I il S o 4 41 Ore Nay Nav Nav 10 11 I r 1 1 S KB 5 rag reg reG IM O S I 1 L to 6 4 1 12 I t S ls s coup lil ll O 0 S L L 1 eon con cn 6 U 1 1 of o of C Z I a 12 1 i Real Read Re gen n 4 A gsa 4 R it G C W V 1 J is A bl adi 49 4 J 92 SC St L U I M 1 r t m u n So S 3 10 DS I con cn S 5 17 ec Ohio St Li S F r P Ohio 1 W gee L 6 C t N W V cn con St st ge Paul 6 cn eon i lal 1 7 75 P C V P Ce N W v S F SL t P c 0 P 1 7 Deb Sit 5 Ui 11 So Pacific 48 88 I Chi Tar Tor 4 t 37 97 So o Railway W WD Tolo o SO 4 SK sS S R it a T Os 64 I p D R R G T Pacific Is I I Krie Gen k r 5 i T i Pacific to US j I U Ft Fl W D C Pac 4 1 Is M ss Wabash Pc 1 b 1 I lD Ien en 1 Wabash 1 Ta 18 Contra CO tn Is 18 16 et Shore 3 41 UI 11 I T 1 A Ull 4 lWI Cen en is te M lI t K 1 as 78 7 Va Va Centuries 8 9 Stock St ck Quotations Mention 67 T 1 I Preferred 34 a 91 6 W v L 1 IB 1 B a fi Ohio Ohioan i i Second Second pfd 1 M 71 an Pacific SS SSan SY Wie WI ian Can an So S o v 51 Third Avenue r r Ohio B O q pfd l 92 02 r f 1 a L W 21 Not Nat aJ I Tube r c I B B Q QC 5 l C C I Y L Adams Adas Ex 16 Pr Preferred f erred 71 7 Ex r r B m 1 I 1 lIT S Ex 18 C r c N W 12 WF Br E Ml 5 C r R U L I P bAm Cotton Coton OH on 1 4 f t C C C C St L L 75 7 7 Preferred B Y Colo Cole 0 9 Am m G 5 First Firt pfd 4 Preferred I Second pfd pM 19 Am d S R TI 54 I Del IDel Hudson Preferred 93 I ID D L I W Am Mn Spirits 1 D V R 11 G 39 3 Preferred 17 k Preferred 88 8 Am Steel Stol Hoop 30 Erie Brie 27 Preferred SI 1 First FIrt pd pM 61 6 sAm Am S W Wn v n G Gt No pfd pM 1957 Prof erred Coal 15 Am A Tin Plat ln 61 flocking Val ValIlia Val n s Preferred y l lJ Tile Ilia J 1 Am Ara Tobacco la in t Central 3 Preferred Preferred l 53 3 Ana na Min Co l COI 0 I L I E E W V 41 4 B 5 R It T 4 Pr faired iii 13 Colo Clo F L I 44 4 Lake r L Shore Con n Tobacco 45 4 I r L 93 Preferred Pree Manhattan L UD lD Fed Steel 48 43 4 4 Wet iet ll l t SU 54 S Ry ia 16 i Preferred S Hex M tex ex Central 17 1 Gun Gen Cn Electric Minn St 51 L 7 76 Sugar 48 Preferred Pr Ere 10 Preferred M H HMo Mo M MM o Pacific Int Paper 23 2 Mobile obile M Ohio SO Preferred 74 M IC T 20 2 Laclede Gas Ga SO S Preferred 64 M Nati Nat Biscuit 33 39 N r J 1 Central Preferred 92 9 N r Y Central Nat Lead Le 15 N t Western oVeter St 84 8 Preferred 86 Preferred re 86 t St S Steel el 44 No N o Pacific r f N Y AB Preferred S S No American 75 7 Out Onto O ut West Vet 3 31 i Preferred O 0 R N 42 4 Pacific Coast Coat 53 6 5 Preferred 76 i First Firt pfd pM 88 8 Pennsylvania P 15 I Second pfd 62 6 Reading 31 3 3 First pfd 71 WA Peoples Gas 1 Second Jf pfd fd 41 V Steel Cur Car 36 56 It R U G We Western tern 63 6 Preferred 73 75 7 Preferred P pai far Car ar arSt St S t L L S F 42 S R 11 R Pa T 3 First lilt pfd J 84 1 4 Sugar li Second pfd pM 63 Preferred St at S L L S W 2 f T 1 C I I 6 M Preferred 5 53 iU V 17 S Leather oher 12 1 St S t Paul Preferred r 74 Preferred d l l ju U C S Rubber i it 18 St S t P O OSo I Preferred 5 58 So 90 S o Pacific 4 Western Yeter Union 87 o 0 Railway 31 24 I Anial Aibal Aal Copper 10 Preferred Pr 78 Rep I S 1 16 T TU Pacific J Preferred CT 6 U Union nIon Pacific lf 90 P C C St L L 59 Preferred c 86 Wabash Total soles sales |