The age-herald., 1901-04-11
STOCK MARKET
 IN BULL HANDS Speculation for Advance Was Renewed in Force THE OPENING WAS BUOY.ANT Sudden and Violent Advances Fascin- ated a Multitude of Outside Spec
 ulators Who Had Been Wait
 ing to Come in Market.

New York, April 10.-The speculation for the advance was renewed in force today, and the market resumed much the same appearance it had during the excited speculation of last week. London helped to this result by some rather emphatic advances in the international stocks be- lore the opening here, which were per hals incident to the fartnightly settle ment now in progress on the London stock exchange. The market opened here in fairly buoyant condition, the con- gested buying causing running sales of several thousand share blocks in num- Der of stocks at the opening at advances of from 1 to 2 points. This materially higher level of prices attracted some large selling to realize, and the tone be- came rather nervous for awhile, as shown in the wide and frequent fluctuations in some of the prominent stocks But the speculative leaders seemed to be again well supplied with resources, and they supported the market with great confi- denee and manipulated prices with bold ness.
 The sudden and violent advances were well calculated to fascinate the multitude of outside spectators, who were very ev- idently waiting to come into the market on any definite signs of a further ad- vance Mondays reaction and the subse- uuent recovery evidently served to con vince many persons that no lower prices were to be expected for the present, and that further advance might be reasonably looked for. It was demonstrated In fact, that the public is still willing and eager to buy stocks. notwithstanding the high level of prices measured by the earning power so long as prices continue to go up. Large speculative pools, therefore, find 1t worth while to support prices, and to advance the market, even in face Of heavy offerings, owing to the large out side trade attracted by the advance in prices.
 money market including some of the spec ulators interested In the rise has served again to defer the exhaustion of money resources, but the rate for call loans ran up above Mondays high level to ' per cent and the requirement of the active speculation and some large financial op- erations, including the payment of an- other s10.000,0 900 installment on subscrip- tions to the Union Pacific collateral bond issue. The slightly firmer tone of sterl- ing exchange this morning. while the money rate was lower. indicated that any relaxation in the rate would lift sterling back to gold export point. Money was no higher in London today, but payment must be made tomorrow there of an $1S,- 000, 900 installInent on the exchequer bond Burlington rose an extreme six points. Some renewed pressue for gold on New York is therefore to be expected Mean time the. sub-treasury contains to absorb cash and New York exchange ut Chicago fell today to Dc discount, making the con tinued demand of the interior on New York for money. The advance in the call loan rate helped to precipitate lively realizing movement during the last hour which cut into prices all round and made the closing easy. The Burlington deal and talk of a consolidation of copper inter- ests with the smelting interests looking to control of the bold silver and copper pro duct were the leading influences In the days speculation so far as it was due to any specific influence at all
 The bond market was moderately ac- tive and higher. Total sales. par value, 8, 755,000. United States refunding 2s ad- vanced h, and old As registered and the new As A per cent on the last call.
 New York Stock Market.
 By Private Wire to Murphy & Co