The age-herald., 1901-04-05
WILD EXCITEMENT
 IN STOCK MARKET Prices FIuctuated in Violent
 and Erratic Way SPECULATION WENT WILD Thousands of Shares of Stock Were Tossed Backward and Forward and Millions of Dollars Were
 Nentured Like Pennies.

New York, April 4.-Today was one of violent excitement and extreme nervous tension in the stock market Prices fluct- uated in an unprecedentedly violent and cratic manner all day. The speculative spirit had apparently run wild, and no feats seemed too great to attempt in the feverish imagination of the excited spec ulators. The boldness and recklessness of the manipulation have probably never been equalled on the New York Stock Elk change, and variations of point or more between sales were viewed with as much equanimity as fiuctuation of b in an ordinary market. Blocks of thousands of shares of stocks were tossed backward and forward. and millions of dollars were ventured with not more concern than though pennies were being pitched. News or actual conditions of properties played no part whatever in the speculation. The method of operations was largely to fol- low designated leadership. A sudden and violent advance in any stock was suffi- cient to attract an overwhelming follow ing, in which the scramble to buy caused volatile rise with quick profits for the leaders, who hastened to unload. Monday seemed remote period in view of the speculators, and their operations did not appear to be designed to go beyond the days trading. The market was an admir- able one in which to unload stock and 1t is within reason to suppose that the ex- citement was stimulated by every possi- ble artful device to further this object. How far it was taken advantage of may be inferred from the comparatively small number of stocks which retain any impor- tant net gains, in spite of the appearance of extreme buoyancy which the market had for most of the time The trunk line stocks, Illinois Central, Amalgamated Copper Colorado Fuel and some of the dormant investment stocks may be set apart although none of them closed near the highest prices.
 Otherwise small gains or considerable losses will be found to be the rule. The preceptitate manner in which long stock was unoaded on the opening bulge showed the eagerness of the bulls to take their profits. The violent manner in which prices broke showed that a point in the matter of price was of little &C., count in consideration of making a quick sale The outside speculative public were excited buyers at the opening, attracted by yesterdays extraordinary advances
 
 were apparently without limit as to price, caused an ebullant opening Profit taking met with considerable during the entire session.
 When the first storm of liquidation had spelt itself efforts were made to revive speculative enthusiasm. The attempt met with considerable success, although profit taking continued heavy under cover of the late advances in the truck lines and amalgamated copper. The market s sensitive spot was clearly indicated by it's actions under the influence of the furry in call money to above per cent Some stocks touched the lowest level of the day in the spasm of liquidation thus in- augurated. When the money rate fell back covering by shorts caused some vio- lent recoveries, but the closing was ex- ceedingly feverish and irregular. The large demands of the interior for cash and the prospect of a weak bank state ment explained the furry.
 The activity of the railroad bond market has been affected by the interest diverted to the stock market and prices have moved irregularily. United States re- funding 2's advanced 4 and the 3s de- clined A per cent from the closing call of last week.
 New York Stock Market.
 By Private Wire to Murphv &, On