The age-herald., 1901-06-04
ACTIVE AND VARIED
 STOCK DEALINGS The Mood Was to Advance Everything Within Reach REALIZING WAS APPARENT There Was No Amount of Specific News to Shape Events, But
 Strong Man to Man Ef-
 fort to Help Out.
REALIZING WAS APPARENT

New York, June S-Speculation in stocks was again very animated today, and the dealings showed a substantial ex- pansion over those of Friday. Both in character and volume of trading the mar ket bore a close resemblance to that Tn the boom period. Strenuous efforts were put forward by powerful interests to give it that appearance. There was an increas- ing interest on the part of the outside public, demonstrated through the commis- sion house orders placed on the market in the hands of professional operators, and the large speculative interests. Much Of the buying is predicted upon the confident assumption that the powerful financial in terests of the country have reached de- termination by tacit agreement to advance prices to a higher level again and to at tempt to renew the speculative conditions prevailing before the upset in the second week of May Buyers of last week were heavy sellers to take profits today, ana this selling caused a very general reac- tion after the opening advance, Whlch was fairly common to the whole list Some of the stocks which were most consplcu- ous in the opening advance did not do more than hold their own in the later dealings. Others continued to advance, while still others, which were strong early last week and then reacted, renewed their strength in the late dealings. After the first general reaction this policy was adopted or advanced, first one and then another stock going up in sequence: Realizing was continued under cover or these movements, but the net result or the days trading was a substantially higher level of prices. At the close, after a day fUif stocks were conspicuously tired under pressure of realizing after the opening rise, and closed on the down grade with only fractional net gains. Very conspicu- Ous strength was shown by St. Paul, Union Pacific, Southern Pacific, Missouri Pacifics and in the final dealings the Reading and Fries. There was a develop ment of activity in Sugar which carried that stock up an extreme points. Amal- gamated Copper gained Ss. The Tobacco stocks, Colorado Fuel, Consolidated Gas, General Electric and Pacific Mall rose from 3 to 4%. Sugar was affected by the renewed conviction that an understand Ing existing between the competing inter- ests was near.
 In the market at large there was no large specific news to account for the activity and strength beyond the gen. eral belief that the agreement arrived nt in the Northern Pacific disputes car ried with 1t an assurance or concord among all the great railroad powers. Northern Pacific sold at 150 and at the close was 100 bid 1S0 asked. Only 100 shares were dealt in. One of the rumors current was that Northern Pacific stocks would be exchanged for bonds to be joint iy guaranteed by Union Pacific, St. Paul, Great Northern and Chicago and Great Northwestern. The speculation was based mostly on general considerations such as the time demonstrates that the panic had effected no impairment of the prosperous business conditions so that speculative losses adjusted, a renewed advance was in order. The unimpaired earning power of properties an dthe re- newed accumulation of capital 1t is ar gued, point to renewed demand for secur- ities. The belief is prevalent that still further larger readjustments in the re- lations and houdings of the great rail-
 road systems looking toward additional stability of conditions are still in con- temptation and 1t Is argued that the panic in itself may have facilitated efforts to concentrate holdings of railroad securi- ties with these ends in view An easier tone in the exchange market indicated less probability of gold exports this week.
 Bonds were active and strong in sym pathy with stocks. Total sales, par value $4.700,000. United States bonds were all unchanged on the last call.