The age-herald., 1901-02-02
THE STOCK MARKET
 GREATLY EXCITED Fluctuations Were Pronounced
 in Number of Cases UNION PACIFIC SHOT UP Rumor That Syndicate Representing That Railroad Had Acquired Con- tro of the Southern Pacific
 Caused Great Excitement.

New York, February 1.-Fluctuations in the stock market today were very pro- nounced in number of cases and profes- sional operators were successful in reviving bullish interest, practically as they saw fit They resorted to palpable manipulation at times in order to acquire following, and after successfully bidding up leading group, realized on their holdings and be- gan anew in another quarter As result the market displayed at one time or an- other pronounced str ength in every divis- ion.
 To what extent, if any the public figured in today's movments- remains conjectural Reports of combinations of various proper ties continued to be heard thereby increas- Ing interest in the minor railroads, which assumed considerable prominence in the day's dealings. Later in the day a report was current that Union Pacific had secured control of the Southern Pacific Railroad No official confirmation could be had of this statement but the fact that the mar ket for Union Pacific boiled for time with the stock rising 41s points on transactions or 22o,W0 shares, was sufficient in itself
 9rding to the view of the traders as
 .ag authoritative.
 It was admitted that a leading intere st in Southern Pacific had sold out to a sym dlcate, presumably representing the Union Pacific. This announcement coming on top of the varied reports about the impending dividends, extraordinary earnings, trade combinations, and on, which were rife early in the day. threw the market into excitement, and blocks of from 1000 to 5000 shares chaopa5 tation as If they were fractional lots. At the outset the improvement in prices which gradually gained strength, was assisted by the higher range of prices from London
 Important advances were made in many prominent bonds today, and exceptional gains were made of 61a@7 points respec- lively in Peoria and Eastern incomes and Central of Georgia first incomes The Ab- sorption of per cent bonds was enormous causing unusual activity in Iron Mountain fours, Wisconsin Central fours San Antonio and Arkansas Pass fours and Southern Pa emo fours The aggregate transactions tootea up the exceptional figure of ST. 000
 United States threes coupons declined H per cent on the last call
 The stock market this week has been largely in the hands of professional traders of abundant resources, and while the gen eral demand from the outside public stocks mas been rather 1anguid, the professionals have been able to manipulate prices at will The contest thus involved of skill and alert ness on the floor of the Stock Exchange has caused an cratic and irregular market and considerable show of activity, but it is doubtful whether there has been much act ual transfer of stock ownership. For in- stance, the transactions in St. Paul. the control of which is admittedly sought by some of the most powerful financial inter- ests in the country, footed up for single day more than half the total number of outstanding shares of capital stock of the company, and for the week the number of shares dealt in exceeds by liberal mar gin the total common stock issue.
 New York, February 1.-Close money on call; steady 11s@2 per cent; prime mercan- tile paper 31sI41s per cent. Sterling ex- change firm with actual business in bank CTS bills at 4SS at demand and 4S42s@1k for sixty days; posted rates, 4S5@l4SS1a6DS9; com mercial bills, 4S31a@D4S4.
 Silver certificates, 62@63; bar silver 6O%; Mexican dollars. A. State bonds inactive: government bonds easier; railroad bonds strong.
 New York Stock Market.
 (FQx,p VI,