The age-herald., 1901-03-29
! STOCK MARKET
 WAS TWO-SIDED Dealings Yesterday Continued
 Highly Professional OUTSIDERS FAVORED BULLS Course of the Steel Stocks Upon the Entry of the Big Combine Stocks When Issued Was a Strength
 enlng Influence.
OUTSIDERS FAVORED BULLS

New York, March 2S-The stock market continued highly professional today, and distinctly two-sided. The outside specu- lative public is still on the side of the bulls and that element of the speculation continued to have the situation well in control. Any new point of strength which they developed was pretty well assured of a response from the following of small CT speculators who kept the current mar ket going. The selling to take profits con- tinued very large, and was so skilfully managed as to do little damage to prices but there was bear element among the traders, and they made req sonable demonstrations in the market when the burden of the realizing seemed in way to overcome the advance. The bear element, however, attracted little outside following. and their operations were not conducted with great confidence. The most prominent position in the trad ing was still held by Northern Pacific and Burlington, and the constantly recur- ring strength Of those stocks made an ef- fective support for the whole market. In the same degree their many reactions on pront-taking affected the speculative tone
 Burlington opened under a pressure and after having advanced to record price at 1.71la closed with a net gain of only is Northern Pacific also made new high record price at 95la, and closed with a net gain of 1&. There were re- ports today of a plan to retire Northern I1a. .sE rfe Gfil IT, sisted of an agreement for consolidation of Northern Pacific and Burlington.
 The course of the steel stocks upon the entry of the United States Steel Corpora tion stocks (when issued) into the listed department of the exchange was a strengthening influence. Although there was large selling to realize in those stocks ample support was forthcoming and the common was run up some two DC te over yesterdays price on the curb, ar the preferred rather more than that. The stocks of the constituent companies were strong in sympathy, the common and preferred stocks all rising.
 In the last half hour of the market on the decision of the New Jersey Court of Appeals in favor of the plaintiffs in the suit to enioin the absorption of the Gug- genheim interests, the smeting stocks broke violently, the common falling to oB anu lHe Plelelieu ots pSioW iao' HiSht Q level. This helped to unsettle the close, which was also affected by the large prof it-taking sales Discussion of the money market outlook continues, all tending to point to easier money.
 The large loan expansion of the Bank of England might under ordinary circum- stances, be expected to be repaid after the quarterly settlements have been met but the government Is expected to come forward with an offer of a new loan, so that no relaxation of the pressure for money is looked for in the immediate fu- ture
 Business in bonds continues strong, and new points of strength develop from time to time. Total sales, par value $5,605, GOO. U. s. old 4s registered ad- vanced B per cent. on the last call.
 New York Stock Market