The age-herald., 1901-05-03
ATCHISON STOCKS
 TOOK THE MARKET Union Pacific Lost Honors for
 Causing Excitement KEPT TRADERS GUESSING Heavy Proft-T aking and the Weakness of the United States Steel Stocks
 Had a General Weakening
 Effect Upon the Market.
 
KEPT TRADERS GUESSING

New York. May 2.--The Atchison stocks today took the honors away from Union Pacific as the feature making event of the session. A heavy preponderance of total transactions in the whole market centered tn these stocks. There have been very confident predictions that the first divl- dend on Atchison for half year would be per cent and 1t is likely that large short Interest was accumulated in the stock by those who had better informa- ton in the expectation that yesterdays 1la per cent dividend would bring out heavy offerings As a matter of fact the offerings were very moderate. The char actec of the days buying. however, could by no means be safely attributed either to a remand from shorts or to purely speculative manipulation. The movement was supposed to be due to new phase of the struggle among the granger tunk lines to secure for themselves compensa- tory advantages to offset the Burlington deal.
 Officials of the St. Paul Railroad were quoted anonymously this morning as breathing forth threatenings of building a new line to the Pacific unless they were accorded a share in the advantages of the supposed Union Pacific absorption. This corroborates the current supposition that the great granger trunk lines feel them selves at tactical disadvantage if they have not an assured Pacific coast outlet as well as an Eastern trunk line connec- ton, and that all of them will sooner or later take measures to secure these ad- vantages. The movement of prices today a iNf buying of Atchison was for the benefit of St. Paul and probably also of Rock Island, There was a disposition to at- tribute the late strength of Baltimore and Ohio to plans for making that road the Eastern outlet and the late spurt in Nor folk and Western and Chesapeake and Ohio were supposed to indicate alterna- tive possibilities. The declaration of the frs. dividend on Norfolk and Western of l pr cent was. however, the more plausi- ble explanation of the strength of the last named stocks.
 2 The feversh and cratic fluctuations in Union tPacifi; were amply explained by the new uncertainties surrounding the present ownership of it's control. There were various rimors both to the effect that the Vanderbilt interests had per fected their control and that the Harri- man interests had secured the mainten- ance of their control. The extreme range
 
 loss 1A. Atchison advanced an extreme IS an1 closed within a fraction of the best. St. Paul is 2A higher on the day; Chesapeake and Ohio, SIS and Norfolk and Western, 17s. The stocks included , in the Burlington deal. the Erie stocks not excluded. were all notably heavy. The heavy proft-taking and weakness of the United States Steel stocks had a gen eral infueace on the whole market. New York Central was quite severely handled and lost 3B on the day. Except for the few special points of strength the market was on the whole, reactionary. The money rate was distinctly frmer today, ruling at per cent. early in the day, and 1t was said that a number of the banks were calling loans. The sub-treasury figures, which include the payment for the great part of the gold exports, show a loss by the money market thus far of s, 75S, ,000
 The payments of the government in terests and of the blocks of government bonds redeemed yesterday and today don't figure yet in the statement, but 1t is evident nevertheless that there must have been very heavy movement of cash from the interior during the week to overcome these losses. The sterling exchange market had a firm undertone and there is still a possibility of gold engagements tomorrow for Saturdays steamer. The closing of the market was easy, except for the final spurt, Atchison reasserting it's leadership.
 Bonds steady and unchanged, with no statement of sales.
 New York Stock Market.
 O O-