The age-herald., 1901-05-27
NO INTEREST TODAY
 IN STOCK MARKET Room. Traders Follow MidSum- mer Custom of Laying Off SOME SHARP NET LOSSES Taking All Into Consideration, There Is No Disposition to Put Out
 New Ventures Anywhere.
 Bonds Quiet.
 

New York, May 25.-There was no evil dence of interest in today's stock market beyond the manipulation by professional operators in a limited number of stocks. The action of the market showed that many room traders followed the mid summer custom of not coming to the ex- change at all for the short session of Saturday. Some of yesterdays move ments, which gave good promise of a period of activity in the special stocks at least received an untimely check. This was true of the Tobacco stocks, which started vigorous rise, but which ended with sharp net losses The Southwesterns were temporarily strong on published ad- missions from interests in the companies, that plans were working out for the con- solidation and the extension of the prop critics. Wheeling and Lake Fries strength was in sympathy. The rumors that an important short interest in Northern Pa cific had effected a private settlement which was an influence in yesterday rally, had lost their force today. This was partly due to the lack of any au- thoritative information on the subject. While the complexion of settlement with the shorts would be regarded with relief as removing a threat of further forced liquidation from the market, the obvious pressure to secure actual deliveries of cer- tificates leaves the differences strong that the Northern Pacific dispute still remains open. An exchange authority estimates that the demand for the credits in Europe and England in connection with the struggle for control of Northern Pa cific has run as high as $50,OOO. sale of Northern Pacific at 200 near the close to- day revived consideration of the subject. The last sale on Thursday was at 2o5, and last nights closing quotation was 172 and R50 asked. The closing today was 210 ask ed.
 A fairly good bank statement did not have the desired effect expected. With a replenishment of cash reserves to the ex- tent Of $5,361, ,0O0 and growing continually, induced liquidation followed.
 Withal there is no inclination to venture in rev deals in the market.
 This weeks stock market has shown a disposition to slip into dulness. It has been the smallest weeks business of the year, and has been more and more re- strfcted to the hands of professional oper- ators. There has been some notable de- mand at times for certain stocks. such as the Fries, the Northwesterns and the Coalers, both anthracite and bituminous The street is not agreed in it's opinion Of the motives of this weeks changes.
 Most of the careful watchers see in the market merely speculative operations by pools with a design to re-awaken public interest in speculation, or to afford a market for selling out pool holdings, which were held through the panic or where picked up at the low prices touch ed since The professional character of the market has been indicated by the mar row range of price movements and their constant fluctuations, the course of prices never continuing beyond the second day. From time to time there has been positive pressure to sell induced by several dis turbing factors. The principal of these is the Northern Pacific dispute, which con- tinues to loom big in the eyes of damaged spectators and to cause small spasms on the market
 The belief has grown up during the week that some of the operators in the stock market represent efforts to secure trunk line outlet to the Atlanic coast for the Southwestern railroad system. The buy ing of Fries and the strength of Lacka- wanna have been attributed to this cause.
 Bonds in all three departments mani Tested their usual strength, notwithstand- ing an cratic and weak stock market.
 Government bonds unchanged on the call price as compared with a week ago.
 New York Stock Market.
 Ry Private Wire to Murphv & Co