The age-herald., 1901-05-02
LIVELY TRADING
 IN UNION PACIFIC That Stock Caused Sensation
 in the Market. MADE STEADY ADVANCES Before Noon There Was Violent Re- lapse In the Stock, But During the Afternoon the Advance
 Was Revived.

New York, May 1.-Union Pacific again furnished the sensation of the stock mar ket today and the movement of that stock and of stocks correlated with 1t in the speculation dominated the market prac- tically all day. The stock showed good gain at the opening and was firmly main- tained all through the period of sharp re- action when the enormous profit-taking had borne down prices after the opening. This reaction had become very general when Union Pacific began to advance by such strides and on such succession of buying orders as was a surprise in even the current market.
 The advance was pretty steady by frac- tions up to about 123, but from that point the advance became wild, jumping point between sales some times and falling back as abruptly, but without any re- taxation in the character of buying until the price touched 129. From that point the stock fell back by feverish iuctua- tions to 123 and then vibrated wildly as though the traders were attempting to find level representing some undis- closed offer for the stock. The violent re- lapse in Union Pacific came about the same time as the announcement of the dividend action of Atchison. As there have been very demonstrative claims that this semi-annual dividend would- be per cent instead of 1k per cent, there were some disappointed traders who sold the stock freely on the announcement, causing a relapse of points, The mar ket looked at this time as though it would a 10 ar mt II spurt in Union Pacific and large part of the recoveries which had reached from l to points from the early low level were lost again. The general movement of prices was so cratic as to throw the speculation into confusion and operators refrained from taking action, leading practically to the first period of anything approaching dulness for the week.
 In the course of the afternoon, however, Union Pacific renewed it's advance in much more orderly and well sustained manner than in the morning and very notable buying of Northern Pacific sup plemented this movement. The great speculative movement thereupon resumed full swing. the participants showing -un- diminished industry in seeking out new points of strength and bringing about a general resumption of strength. Union Pacifcs late advance carried it up to s1 30 an extreme. rise of 3 points, and New York Central touched $1.69A, gain of 5A. Northwest gained five quarters on the day.
 These advances were apparently sympa- thetic and gave color to the supposition that the Vanderbilts had secured control of the UnieRs Pacific. This supposition was commonly accepted this morning, but the violent movements in Union Pa cific gave rise to a surmise of renewed contest for the control of the property. There is an appearance of uncertainty among the insiders as to where the ac- tual control lies, but that a bold contest in the open market for the control has been going on is now an accepted fact, and, following upon the accomplishment of the Burlington deal, 1t makes the spec. ulative public quite ready to jump at. any suggestion of consolidation of whatever magnitude.
 The days business, though not of yes terday's proportions in the whole list, was still of enormous size and kept spec ulators and room traders busy the en- tire session
 The large business in bonds today was largely accounted for by the extraordi- mary dealings and price fluctuations in Union Pacific convertible As in sympathy with the stock. Total sales par value, s11, ,995, ,0OO. U. s. 3's declined A per cent. on the last call.
 New York Stock Market.
 Rv Private Wire to Murphy 6 Co.