The Wichita daily eagle., 1901-06-01
WALL STREET STOCKS
Rumor of Settlement in
Northern Pacific Interests.
LIKE THE BOOM PERIOD
Hartman Rockefeller Gould
Element Active.
LIKE THE BOOM PERIOD

New York. May s1.-The stock market
developed quite a buoyant tone today
and the activity was stin further increas-
ed. giving the market a good deal the
appearance again that it offered during
the boom period. The strength became
very general during the progress OF to
day. but the effect was in part sympa-
thetic. and owed from the conspicuous
strength Of prominent stocks. The current
conjecture in the street pointed TO
conclusion that the movement OF the prin-
cipaI sticks was due TO operations by
the Hartman Rockefeller-Gould element.
and 10 those OF the Pennsylvania railroad
in retaliation The advances scored in
the London market during the holiday
yesterday and before the trading was
commenced here today gave the market
a good start at the opening, and there
were many gains ranging between l and
points. After the preliminary reaction.
due TO the selling 10 take profits by the
buyers Of Wednesday. Atchison moved
very aggressively upward on an absorp-
ton of thousand share lots. During the
rest OF the day there were successive de-
velOpments Of similar movements in other
stocks, notably Pennsylvania, Union Pa
cihc, Southern Pacific, Missouri Pacific
and the Southern railway stock. The
buying of Atchinson came from many
sources, apparently In an effort to dis
guise its origin, but the prevalent opin-
ion was that large part OF it was for
Philadelphia account and in the intereset
Of the Pennsylvania railroad. A large
speculative pool was also active IN the
stock and helped along the advance by
manipulation The buying OF Southern
Railway was attributed TO the same
source. and confident predictions were
heard that announcements would soon
be made OF Pennsylvania control in the
company. The advance in Atchison reach
cd 1-sc, IN the preferred 5-sc. in Penn
sylvania S1-2c and Southern Railway
3 3-sc as a result of this buying. The
movement in Union Pacific, Missouri
Pacific. Southern Pacific and the South
western generally was almost equally
improved. Union Pacific rising an ex-
treme AIS. Kansas and Texas preferred
8 rs. Southern Pacific 8 as and Missouri
Pacific 81. The street was fun Of
well defined rumors that a settlement
had been agreed upon between the con-
tending interests IN Northern Pacific,
which result in even stronger conditions
in the railroad world than at present
This was the underlying cause OF the
strength in the market but the railroads
in the Southern region responded much
more notably than those IN the Northern
region. New York Central rose 81 and
Baltimore & Ohio 21-4. apparently IN
sympathy with Pennsylvania
The so-called greater Missouri Pacific
retained its full force as a factor There
was talk OF an early dividend on the
common stock. 1t advanced 81 and the
preferred 2 SIS.
Amalgamated copper rose nearly
points in spite OF the reported formation
Of an opposition corporation.
The corporation Of the oppsitlon was
said to be preliminary 20 its absorption
by the Amalgamated company. The
stock reacted later and closed with q
net gain of points. There were gains
of from TO IL in a number Of other
industrials. Evansville & Terre Haute
rose Z u. Des AIoines & Fort Dodge IL
and Twin City Rapid Transit IL. Pre-
linninary estimates Of the bank statement
indicate that the inflow OF cash from the
interior has more than Offset the losses BY
the banks TO the sub-treasury which IN
clude the payment 10 the assay once for
the gold bars exported. The market
closed active and strong at rally from
a late reaction and with many stocks At
the top.
Bonds shared in the strength Of the
stock market on a considerable volume
of dealings Total sales per value - 2i5,-
Oo0 United States 2's registered advanced
- on the last sale
Closing stock quotations weer as f9l-
lows: