The age-herald., 1901-06-01
STOCKS BUOYANT
 LIKE OLD TIMES Better Feeling Due to Large Concerns Trading Again LARGE SPECULATIVE POOL The Streets Full of Well Defined Ru- mors That a Settlement Had
 Been Reached In Northern
 Pacific Control.
LARGE SPECULATIVE POOL

New York, May 31.--The stock market developed quite buoyant tone today and the activity was still further ir- creased giving the market 0 good deal the appearance again that 1t offered dur ing the boom period. The strength be- came very general during the progress of the day, but the effect was in part sympathetic and flowed from the con spicuous strength of prominent stocks. The current conjecture in the street point ing to a conclusion that the movement of principal stocks was due to operations by the Hartman n-Rockefeller-Gould element and to those of the Pennsylvania railroad in retaliation. The advances scored in the London market during the holiday yester- day and before trading was commenced here today gave the market good start at the opening and there were many gains reaching between 1 and points. After the preliminary reaction due to the selling to take profits by the buyers of Wednesday, Atchison moved very ag- gressively upward on an absorption of thousand share lots. During the rest of the day there were successive develop ments of similars movements in other stocks, notably Pennsylvania, Union Paci- fic, Southern Pacific and the Southern railway stocks The buying from Atch- ison came from many sources apparently in an effort to disguise its origin, but the prevalent opinion was that a large part of it was for Philadelphia account and in the interest 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 announcement would soon Sbe made of Pennsylvania control in the company. The advance in Atchison reached 51s, in the preferred 2Ss Pennsyl- vania 3h and Southern railway 32s as a result of this buying. The movement in Union Pacific, Southern Pacific and South westerns generally was almost equally impressive, Union Pacific rising an ex- treme 47s; Kansas and Texas preferred 3%; Southern Pacific 3as and Missouri Pa cif1c 3H.
 The street was full of well defined ru 4mors that settlement had been agreed upon between the contending 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 re- sponded much more notably than those in tile NOrtnern reBlon NeW 1ork 0eH- tral rose 2% and the Baltimore and Ohio 2A apparently in sympathy with Penn sylvania. The so-called greater Missouri Pacific retained it's full forces as a fac tor The decided strength of the United States steel stocks also had large in fuence There was talk of an early di- vision of the common stock of 2A. Amal- gamated copper rose nearly four points in spite of the reported formation of an opposition corporation.
 The combination of the opposition was said to be preliminary to its absorption by the amalgamated company The stock reacted later and closed with net gain of less than two points. There were gains of from two to four and a half in a number of other industrials. Evansville and Terre Haute, 51s; Des Moines and Ft. Dodge, AZ and Twin City Rapid Transit, 31s. Preliminary estimates of the bank statement indicate that the flow of cash from this side has somewhat subsided. The market closed active and strong at a 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, par value. 4,215, ,00O. United States 2s advanced one-quarter per cent on the last call.
 New York Stock Market.
 Ex,E rfx fo tr, phy R1