The times. [volume] (Richmond, Va.) 1890-1903, 1901-01-05
WILD EXCITEMENT
ON STOCK MARKET
Volume Of Dealings
Broke All Records.
PRICES BOUNDED UP.
Vast Fortunes Made and Lost During
the Day.
CONFUSION END33SCRIBABLE.
Never Before Were There Such Violent
Fluctuations in the Price of
All Stocks Traded in-The
Clcs, Fcvcrish and
Furio usIy
Active.
CONF USION END33SCRIBABLE.
fBy Associated Prcss.)

NEW YORK, Jan. 4.--ro-day was one
of the most exciting days in the history
of the New York Stock Exchange. The
matter of recording the transactions on
the Exchange is inexact at the best and
especially in such d market as to-day
we're transactions likely TO be lost from
the record. But there can he no doubt
that the aggregate sales for the day eS-
ceed anything ever done before on the
Exchange. The recorded transactions
footed up 1881, SEQ shares. compared vita
the previous record of l,G23.9l9 shares on
November l., l9Cl.
TEere nave been wider price movements
than any OF those made to-day in indi-
vidual stocks. or in groups of stocks, but
it is doubtful whether there have ever
been violent fluctuations IN the aver
age price for ali stocks traded in as fro1n
the low price to the t.is:l price 5o-day.
The confusion during the early hours of
the market while the ultimate course Of
prices was NtiI in controversy. was BE-
yond description. and the excitement dur
ing the late period Of iile day when the
Gen ana was at its height and prices were
moving most rapidly upward warrants
the use Of the term frenzy Blocks Of
many tro,,s.,,d sb,,.. s,o,, ,..,a
band!cd about from hand to hand among
the brokers with more apparent con-
s-derat,on, beyond the excitement of the
Crny,irp,,ino ,I,o o>+re,,, ,.,riotio,c y,
nricn. and ths h:-,hI,, ao,,cc,trat.,4 char
acter OF some of the dealings it is no ex-
aSSeratiOn to say ttldt vast fortunes were
do ..,,,1 I,r+ ~, +f,,, A.. ~ -, U,,,,,
l7Ie,,:,3.. t1a I ,yi, ot,s: -
Tara whom s,ss,,i,,.n+ ~ rS,.o,,,,7oa
has been a,brun-jv Ch,naal rrnn, q n,neI
nf icrracsion to one of a,-c,e.i,.a- ,>-liIi-
ration ac u,ac st,o,,.n oi+Ir,,oh a,,a,,,.
;,,,a rrl,,.,,f -, ,,i
in Tho m,5ist nf ,I,ac,,lariI.a a,.ae.s
II v-oIId he useless 10 .attonnt 10 ana
lyze closely the c,1,caS ,1n6eri,ino, crcl
2 market There vas . ,acru,7e.ce,,,. in
fun force Of IN The hul,ish sentiment
which I,as st;Aas nm 10 s+oc. ,,,a.1.a+
for rvo ,nootbs nas, rrha affact ,,,as tho
moro acti,a nv ra,eon Of ~, raI,o,,nd
fro,,, Yesterday. 1anrnsc u,ho,, ,..,. os
course tho actII>l hu,-ir,or ,a,,,iro,,,ant
from, ito l,ea~ ars,,err r,1iri, n,.ar-sr-
tended itsaif Yesterday on tI1a confifJart
assumption that. the reaction once es
ahljshed and liuuidation haa-,n II was
ho11nG ro RIM :, lanptbannd course hut rl,a
,c+n.l bn,-i,u fror, tbic oIa,,,o,,t ,,,IId
have formed hut = cnpnarativaI,- crnar
norton of the total transacrions CON
ductad To-day.
The sentimental effect of tho rabound
of current oninjOl was far more worthy
OF account Tn. day o,,anad win tha
hears in confident ,,r,od ond t,a,r a.
tackled th.. ma r,et win, antb,c;,sn, ,r,a
rather gloomy stare nf mind in 1ha ! on
don market was of material aid to tham
and they were able 20 force declines nm
ming from to > points AT fha very o1It-
set The weakness of the marker yvac
not immadiateIy oyar,erna and there
were n0tahIe losses Yesterdays srarn
reaction brought in nroft-talzinc and
stop-loss orders from MANY outside.
sources But the evidences of sI,nnort
were sufficient. even in the opening deal
inps 10 serve as q varninc. to +ha hear.
and they began 10 cover very aarlv 1,he
rebound in Sugar on The story of . sat-
Element Of The trade ,,as y bool<-cnt
for the bears But the Doy.erfu1 lever
which moved the whole market was ST
Paul The story current for some time
that the road is TO he leased to tba North,
ern Pacific and Great Northern on the
o1,arantaa of :, di,idend with :. ,,raI;,,i
a rrib bJItj of hn