New-York tribune., 1899-01-22
BIGGEST SATURDAY SALES.
ANOTHER STOCK EXCHANGE RECORD
GOES
TRANSACTIONS OF MORE THAN THREE
QUARTERS OF A MILLION IN TWO
HOURS YESTERDAY.

When on Saturday January I. the Stock Ex-
change did a business amounting to 469,363
shares. everybody thought q wonderful thing
had occurred for there are only two hours of
trading on Saturdays and the sales on the day
referred to broke the Saturday record, estab-
lished on December 10 by nearly 10000 shares.
On the next Saturday. however, January IA, the
transactions were 69O670 shares business so
enormous for the brief period I'm which 1t was
transacted. that the record made seven days
previously seemed in comparison small. But
the end was not yet reached. for yesterday
proved 10 be a third successive record -shatter-
ing Saturday the sales for the two hours from
10 o'clock to noon reaching the unprecedented
and astonishing total Of I5I,2jj shares The
transactions in bonds. S5095,0OO par value, also
established a new Saturday record in that de-
partment. The week notable too, for the
fact that on Friday the greatest business ever
recorded on any full day since the Exchange
opened was transacted. the stock dealings ag-
gregating 1.212S37 shares. Everything seems
10 favor a continuance Of the bull movement
for the immediate future The bank statement
yesterday was again extremely favorable, and
the weekly trade reports showed an unprece-
dented volume Of business. Railroad earnings
continued 10 make an excellent showing. and in
all the financial sky no cloud has yet appeared
Brokerage houses which have recently been
predicting reaction and urging caution upon
their customers have apparently parted with
their fears noting the steadily swelling volume
OF outside buying the feeling Of confidence
everywhere as TO the stability Of the market
and the continuance OF prosperity throughout
the country and realizing that these antclpa-
tions are we'll borne out by the returns Of earn
I'll. sKfv, v.rffo D.
Wall Street men seems to be not 80 much
whether prices ought TO go higher. as whether
under such spirit Of speculative elation as
now exists. they can be prevented from going
higher: and they do not regard IT as by any
means impossible that the existing bull move
ment may prove persistent enough to carry
values many points higher. especially in securi-
ties which have received least attention. before
any important reaction appears.
There was profit taking on a large scale yes
terday. as was to have been expected; but, great
az II was II was powercss to cause any serious
recessions the buying pressure being so strong
as 20 advance almost all the Issues traded in
London was a heavy buyer. transactions for
that account aggregating bout fifty thousand
shares New-YOrk Central made the most strK-
ing net gain. 6i4 per cent the closing price be-
ing 1915 Union Pacific preferred being close
second. closing at S}3s. net gain for the day OF
5as per cent other large gains were in Chicago
and Northwestern. ~ per cent. Omaha pre-
ferred. 3 per cent. Pennsylvania Ia; Union
Pacific common, "a; Atchison preferred. 2;
Canada Southern. ~: Big Four common and
preferred. each . per cent, and Malt preferred,
IL.
Everybody IN the financial district is working
under high pressure IN these booming days, and
now and then the strain proves too much for a
man. one OF these cases occurred Yesterday on
the floor Of the Stock Exchange. The biggest
trading OF the day was in the Union Pacific
stocks the sales OF common and preferred being
together 1876 $40 shares I'm only two hours OF
business The work Of receiving and transmit
ting to the ticker service the quotations rep
resenting this great volume Of dealings was so
arduous that one Of the operators engaged upon
H. James Gilchrist. about ten minutes before
noon fell unconscious 20 the floor. He was as
sited to a room near by, where he soon revived.