Show STOCK MARKET MARlET j UNDER PRESSURE I Speculation Ov Over Chesapeake Oho Ohio I Spurt Friday IDEAS IDEAS ARE CONFLICTING CONFLICTING REVIEW OF OPERATIONS OF THE WEEK New York YOrk March 11 Yesterdays s sudden spurt of or seven points in Chesapeake Chesapeake esa peake Ohio led to a much excited ecie conjecture as to the cause caute and was the stimulating influence in stock market Suppositions as a to the basis for the movement were conflicting and various Yesterdays rumor of or an in intended intended tended tende increase in the dividend to 4 per percent percent percent cent was a continuing factor and gave rise to the general theory thery cf a policy pole of more liberal dividend disbursements I on the part uart art of the railroad companies under the th Pennsylvania domination This report was supplemented by a N astor stor or of U U y a n plan p ian to a new system with an outlet from the tire middle west to the Chesapeake At Atlantic Atlantic lantic terminus This story stOr extended the th speculative excitement into ino the middle western Vanderbilt stocks which already hav hay affiliations with wih ith the Chesapeake Onto Omu Oho To the stocks thus affected Is s added the tire southern group which was temporarily strong arid ard active the tl limPs limits of the ac at active a alve tive lve movements in tod vs market will willbe wt willbe be generally gen denned The rust rf ef c the market was comparatively quiet and was under of realizing at many important important points New York Cen Central Central Central and Pennsylvania shared to the I full ruf in the movement in their subsidiary stocks The Pacifies Reading Cana Cna Canadian Canadian dian group the metal stocks stock and some others other which have haye been prominent I made an argument for the underlying strength in the market New activity and strength in this group had a stimulating stimulating elect effect on 01 the th whole market Re Reported Reported Reported ported plans plang for a readjustment of con control control control and relations of these properties were supposed to be contingent on the Northern Securities decision Doubts were aroused over the truth of these reports by b the lack of bf authorized an announcements announcements announcements Even Een among those who retained faith in 11 the good god grounds for forthe forthe forthe the reports report there arose the question queston whether their efforts hail had not been hat ex exhausted exhausted hausted in the long preliminary rise The ie spirit of skepticism was increased by the th admitted miscarriage of the plans for a combination of the southern souther iron companies companie which had caused a furious speculation in these stocks This episode impressed on many man the conviction that tat they their had been over credulous ous in accepting unwarranted as assertions assertions and shook their belief belef in other stories which had hind induced them to buy stocks stock Another unsettling Influence was as the transit strike Besides Its Is sen sea sentimental effect it was a facter in ob obstructing obstructing business at the stock ex exchange exchange exchange change by b the difficulties of attendance Decreases in gross earnings earning of some of or orthe the railroads reporting for the fourth week of February were regarded as significant though railroad traffic I dais cals reported freight offerings in such abundance that its is receipts were urn lim limited lm only by b the overtaxed OV car facilities fa Business reports report and an prospects pros have been brilliant briliant and bank clearings throughout the country countr are maintained at a record level The animation in the theIron theiron Iron irn and steel trade continues to aston astonish astonish astonish ish observers and is accepted as a a re reliable reliable liable lable index of of the broad brod underlying solidity of the industrial Other metal trades seem to be in sym sm sympathy sympathy pathy with iron and steel and the cop copper copper copper per market maket especially is pronounced pronounce to tobe tobe be in a highly h y prosperous p condition Railroads have have placed large orders for equipment and they have an announced announced announced plans for enormous outlays for improvements and extensions Occa Occasional Occasional Occasional discussion is given glyen to the influence influence ence of or the large large present gold production lion tion ton on the state of money mone reserves and andon andon andon on prices relatively of commodities and andor of or securities There Ter is not however any marked discrimination against fixed f ed securities such as asis asis asis is attributed to periods of decline in itt the value of money and interest rates are held at a rate extraordinary low for periods of or great geat activity Bonds Bonds have moved d narrowly but in sympathy with stocks stok United Unie States week week advanced per Der cent on call cal on the |