The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1901-04-02
THE MARKETS.
Wall Street Review.

New York, April t-Thc prodigious volume oi
dealings in the United states stce, securities To.
uaN brought the aggregate sales oi all stocks ON
the exchange within measurable distance oi the
largest iraiings on record Tor a singlc day. The
largest single d,y's transactions were those on
Jan. OF this year. when the aggregate salc'
reached ",l2'.ho3 shares. The total for today was
,S5S.W0 sharcs. which has been only exceeded
Ivy the record day. The large part played hy the
United states steel stocks even IN such broad
ana active market as that vi to-day is indicated
hr the sales of the common and the pteier,cd.
those Of United States Steel amounting 10 oiG,0ND
un'l those NJ United States Steel preferred tu
l6S,sn shares, or tor both, 3stWO shares, Which
was " per cent. OF the total dealings. II s
NeiN cNiinni thai the artivity III the United
states steel corporation stock, ON the exchange
WITH Their bulky capitalization oi ll.ODn.OOp
shares according 10 today's amended CG.incGtr
of corporation il To constitute u new cr, In the
volume OF dealings for individual stocks Single
commission houses to-day did sufficient bis
ncss in these stocks alone TO realize a handsome
fortune simply from the brokerage commissions
on their operations. Ono house was credited
with selling upwards oi 10000 shatcs of tinted
states steel preferred and various other houses
between jo0W and iOo.MJ shares OF either one ar
ih" other stocks. The rcsonrt,s required ior tho
support of stock IN which the dealings arc
"i such a scale that is today the confident pu'.
chase ol all the stock that may he offered u,
current quotations. staggcrS the imagination.
but the DAYS event proved that the power
III the syndicate back OF tlcsc sccuritio. was
equal to the task. The offerings which were
hurled on the market tir!y staggered the prices
for u period. but they were rallied and moved
upward through the avalanche, the common iis.
ing 2'a. and closing at the top. while the pre-,
fcr'd rose an cNtrcnC II and closed within IS
ni the top. The course OF these stocks had y
large influence on the ultimate movement OF thc
STOCK malbct. There were points al great
strength here and there IN the carly dealings
hut the profit taking sales were Oh an cncrinouS
scale and the movement OF prices highly irregular
and conflicting until past the noon hour Many
"f the opening advances were ahou, wiped ou,
before the final outbu,st. which carried prices TO
TIC highest oi tile day. \ final realizing move.
'n'n carried the most activ. stocks down again
h"n ! 10 points. and made the closing very
irregular. Rock Island was u feature all day IN
spite oi denalS OF reported consolidation with
III" Atcihson s.Stcns and ot other iuinOrs set
ailoat To account tor the movement in the stock.
\ large part OF the speculation was apparently
based on the disparity between It's price and tha;
OF tile other leading giancc,s. which have had
s''ch tremendous advances in the, last few
muntlS.
The extreme rise in the stock w.s A.. and II.
net gain I points Rnitc unhrr of dormant
stocks were advanced sharply, Pullman rising
"'. Burlington WAS quite severely depressed hy
profit taking. falling at one time ~ below SIT
ufdaN : closing price but ending with Ne, loss
OF oilr u. IaCkawanna after an early advance
fell J's under saturday.
The bond market was not ~ active relatively
as tho stock market INT business was large
and the moycnlcrt of prices irregular Total
sales. par value. $6.n;j OnN t. : - and new
IS declined J., per- cent. on the last call.