Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1901-04-05
JOHhSON'S WAY
OF SOWING SEED
Wild and BewiIdering Fluctuations
on the New York Stock
Exchange.
SCENES OF WILD CONFUSION
Operators Found Difficulty in Follow.
ing Course of Events During
the Day.

New York, April 5.-Speculation in
stocks started off with rush and
roar yesterday Buying in all depart
| ments showed frantic eagerness and
| the result was some wild and bewild-
ering fluctuations in:prices. The scene
was one of confusion confounded, and
even the most skillful floor operators
found difficulty in following the course
| of events. Stocks changed hands at
the same instant in the same group at
widely-varying prices. One broker was
eagerly selling Missouri Pacific at 1O5.
while another was frantically bidding
1868 for the stock and paying that
price for it. In Northwestern the open
ing spread was as wide as points.
simultaneous sales being made at 100
and 193.
Order Restored.
AS soon as actual quotations began
TO be made the trading was reduced
to Il little more form and order. But
prices continued to fiuctuate in a very
wild and feverish manner. The open
ing bulge carried Rock Island Az over
Wednesday night, st. Paul and North
western pa. Missouri Pacific 25s, ILL
nOis Central 514, Colorado Fuel 61h,
New York Central 23s, Pennsylvania
2A and Peoples Gas, Louisville, Su-
gar, Tobacco and number of less
important stocks points. The list
of grains of 1 to 2 points was a long
one. With this buoyant rise on top
of Wednesdays surprising gains, the
operators who had bought Wednesday
with some recklessness sold again with
similar Indifference without eXacti-
tude in price. satisfied to skim the
cream of their profits and get out
Prices Wednesday yielded by violent
intervals. while constant reinforce
ments in buying demand caused sensa-
tional rebounds, the prices of the re-
covery in some cases exceeding the
first high level. But on each advance
the market staggered under the
avalanche of stock which was hurled
at it to realize profits
Relapse During First Hour.
The relapse during the first hour ran
to 43s in Burlington, IA in Rock ISL
and, > in Delaware and Hudson. 315
each in Tobacco and Illinois Central.
33s in Northwestern, and 21a in Missouri
Pacific and 2 in a long list of stocks
Not a few important stocks were car
ried under Wednesday night under the
pressure of the tremendous liquidation.
United States Steel stocks particularly
ruled under Wednesday night. the
W Tie eAleuI OI d DOluL,
through the excitement
Fluctuation Less Violent.
With the working off of the over
night accumulation of orders the fiuc-
tation of prices became much less vio-
lent, although the trading continued
very heavy and the price movement
wide and confused. But the excite
ment died out considerably and an at
titude of waiting for further develop
ments prevailed. Later in the day, aft
er the liquidation had somewhat spent
Its force, the speculative leaders en-
deavOred to revive the enthusiasm by
developing new points of strength.
New York Central was lifted to 155A
and Pennsylvania to 160. There were
striking gains all through the list of
trunk lines and Vanderbilts. Amalga-
mated Copper was also pushed up an
extreme 4A. The liquidation was rez
newed at other points in the list nm
der cover of this strength and there
We're some violent declines and sensa-
tional rebounds, the market becoming
extremely feverish and irregular again.
Rock Island was raided down to 14S.
IA below the high point and other
stocks fell TO the lowest again. The
excitement and wild fuctuation of
prices continued during the rest of the
session as a contest between the bull
Il 60