The age-herald., 1901-04-23
Remarkable Record oI e~
 Yesterday
2,382,5oO SHARES, SOLD
Character of the Market Showed Marked Change From That of the Latter Part of Last Week.
 Was More Variety.

New York, April 22.-The extraordinary activity of the speculation Is shown by the record of the aggregate sales of the day, which rose again to 2,Ss2 ,5oo shares. com- pared with the previous record on Friday of 2,193400 shares. The character of the market showed a marked change from that of the latter part of last week when the tendency, was distinctly upward throughout the list. There was great variety in the speculation and extreme ir- regularity in the movement of prices all day, and there was a resumption of the ,feverish tone which has broken in on the extended variation of prices at times. The bulls were the masters during the early hours, and the process of shifting the speculation from one set of stocks to another kept going on constantly through the rise. The weight of the profit-taking became so formidable however. that the violent manipulation of special stocks, by which 1t was sought to sustain prices, be- came so palpable that the bears made powerful concerted attack on the market In the final hour. They offered prices down by rapid steps without meeting any effective support, taking the market away from the bulls, who were eagerly taking their profits. The relapse from the high point was very violent, and the level Of the whole market was carried well under Saturdays closing price.
 The violence of the decline invited some effective profit-taking by the bears, who seized the opportunity ravenously. Except for the slump in amalgamated copper at the opening the market started off with tx.,., tr,f fr1ll swing of last weeks active speculation for the rise. Gains of l to 1h on heavy purchases of 1000 to 15,000 shares were shown by number of the leading active stocks, including St. Paul, Union Pacific, and Missouri Pacific, while Southern Pa cific was rushed to 2B. The last named stock was a conspicuous figure In the dealings and even after the general mar ket had commenced going to pieces, the price was advanced to 53%, which was b34 over Saturdays close St. Paul after various fluctuations rose as much to 175. There were periods of strength also among the ,coalers, the local fractions, the Southwesterns, sugar and some other individual stocks. Pacific Mail was rusned up apparently in sympathy with Southern Pacific.
 It was very evident that the bull lead CTS were using every endeavor to turn the market up without reviymg the out side speculative buying. This did not sue ceed in reviving general strength at any time. The upward movements were ac- companied generally by any news and based almost wholly on the argument that the price paid for Burlington war -;fanted by contrast much higher prices for practically all other railroad stocks. The bulls sought to make capital of the advertised invitation for subscriptions to the new British consol issue, arguing con- fidence by bankers in the future of plenty of money but the sharp rise in sterling exchange rates in response to the long subscriptions raised by the bankers hav- ing them in charge to be received for the loan; detracted from the force of this ar gument. Call loans did not rise above per cent owing to Saturdays strong bank returns. The profit-taking on pur- chases made in anticipation of that state ment proved larger than the new demand attracted, by it. In the late relapse in prices St. Paul recovered points, North western 5, Baltimore and Ohio, Az. Union l, Pacific, As and a large number Of the active stocks from to points. Burling- ton held well at a point or more over last night The price of this stock having l been made an index to warrant the ad- vance of the whole market it was we'll | supported. United States Steel stocks were weak throughout the day and show ! net losses of % for the common and 1A l for the preferred.
 The bond market was active and broad but the price changes were Irregular. To- tai sales par value S6,4S0,000.
 United States bonds were unchanged on the last call.
 New York Stock Market.
 F2v Private Wire to Murphv & Co.