The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1901-04-05
gtnaneial.
IT
THE S1OCK MARKET.


hoid' Reckless and Violent spccuIa Il ON.
New York, April 4.--To-day was one Of
violent excitement and extreme nervous
tension In the stock market Prices flnc.
tuated IN an unprecedentedly violent ana
| errqtic manner all day. The speculative
| spirit had apparently run Wild, ana m
feats seemed too great to attempt In the
feyerish Imagination Of the excited specu.
lators The boldness and recklessuess of
the manipulation have probably never been
| equalled on the New York stock exchange
and variations of a point or more between
sales were viewed with as much etuantmI,v
as fuctuatlon of 1-s In an ordinary mar.
ket. Blocks Of thousands OF shares Of
stocks were tossed backwards ana forwo rds
and millions Of dollars were ventured wIth
no more concern than though pennies wnre
being pitched. News Of actual conditions
pspapeaafobp aye sa no paGt whatever
was largely to follow designated leadersbin
A sudden and violent advance in any
stock was sufficient to attrnct an oyre.
Whelmlng following, In which the scramble
to buy caused volatile rise, with quick
profits for the lenders, who fastened TO
unload. Monday seemed remote period in
the the view Of the SPECTATORS. and their op-
e er hons dld NOT appear to be designed to
The market was an admirable one IN
which to load stock. and it is within reason
70 suppose that the excitement was stilnn-
lated by every possible artful device n
further this object How far 1t was taken
advantage of may be inferred from tho com
paratlvely small number Of stocks which
retain any Important net gains, In spite Of
the appearance OF extreme buoynncy which
the market had for much of the time. ,rhe
trunk line stocks, Illinois Central AmoI1n.
mated Copper, Colorado Fuel and some Of
lne dormant investment stocks may be set
ulfhO1ph n fho,,,
the highest prices. Otherwise small gains
or considerable losses will be fond tn he
the rule. The precpitate manner in which
long stock was unloaded on the openi,g
bulge showed the eagerness of the bn;is -
take their profits. The violent mnnner in
which prices broke showed that point in
the matter of price was of little account In
consideration of making a quick sale. the
outside speculative public were excitaI
buyers Mt the opening attracted by yes.
terday's extraordinary advances and the
parently without limit t, price, caused ~" an
ebullient opening. Profit taking met RE
advance Immediately. When the first storm
of liquidation had spent Itself efforts we're
by bidding up new stocks The nttempt
met with considerable success, althouah
profit taking continued heavy under covcr
OF the late advance In the trunk lines and
tive spot was clearly Indicated by its NO
ton under the influence of the furry in cnlI
money to above per cent. Some stocks
touched the lowest level of the dav in tha
spasm of liquidation thus forced. When
the money rate fell back covering by shorts
caused some violent RECEIVERS, but the clos
Ing was exceedingly feverish and Irregular
The large demands of the interior for cash
md the prospect of a weak bank Statement
exceeded the furry. Space forbids an az
tended enumeration Of the price changes
1t is suflcint to specify the excitement nj.
vances of rs in New York Central ! In
4 3D. in Rock Island, s is in |
Copper, 5 IA in Illineis Con- |
trail, II IL in Colorado Fuel, 10 is In tic |
preferred and l to points in an extended |
list.
Business In bonds was not so large relo |
lively as In stocks and the movement Of |
prices was Irregular Total sales par value |
-, 70s000
United States lod fours coupon advanced |
Ia per cent. on the last CALL
CLOSING Prices.
Following are the closing pricas reported
" Prince G. Whitley, Bankers ana Brokers'.
2 Broadway, New York, and Is Center ST.
New Haven. Bid. Asked.
A