The daily morning journal and courier., 1901-05-29
Et,rnirctuI.
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 THE STOCK M4 XIX TgT.
Show of strongth nnd Activity in Union
 Pnctic.

| PnCthc.
 New York, May 2S-There was some lshow of strength and activity to-day lin Union Pacific and in Lackawanna which had considerable sympathetic eff. feet in the railroad list. There was some Independent strength shown by 6 number of minor railroads and finally there was heterogeneous assortment of minor industrial stocks which ad- vanced on the influence of individua causes not always disclosed There
 was besides some natural recovery
 from declines of yesterday under the
 sce-saw operations of the professional
 group of traders, who continued large ly in control of the market. The move
 ment In Lackawanna, coming on tor
 of it's previous advance of late, carried
 the price up to-day as high as IA. The IfuctuatioEs were rapid and wide and
 the volume of dealings was compara-
 lively small, so small in fact as to pre-
 clude the supposition of buying for con-
 trol in the open market. The explana- 1 ton generally agreed upon was that negotiations were on foot to secure large | the bidding Up of the stock represents efforts to put the pritA up to prohibit i've figures on the part of insiders who oppose change of control. That policy was successfully pursued asome time
 since in the case of Delaware and Hud- son and that stock showed some sym pathy to-day with the Lackawanna movement The coaleTs otherwise were rather, quiesoent, being eldine check by
 the weak April statement of Reading s net earnings. The strength of the Wa bash and Missouri Pacific and the Southwesterns generally was related to the Isackawanna movement, as the sup posed efforts to secure control of the latter are in the interest of the group. There was some large buying both of Union Pacific and of Southern Pacific, accompanied by runors that further large holdings of Southern Pacific had been secured and would be applied as collateral for the Union Pacific converti- ble bond issue in addition to securities formerly held. The strength of Atchi- son. was sold ex-dividend, was attrib- uted to the April showing of net earn ings. The Tobacco stocks fell some what into the background in the latter part of the day, but they were active and continued to advance in the morn ing with a persistence of recent ru- mors regarding the properties. The advance in the Iowa Central and Min neapolis and St. Louis stocks was at tributed to working out of project by Illinois Central to enter the Chicago St. Paul field. Chicago, Indianapolis and Louisville and Des Moines and Fort Dodge showed conspicuous strength There was also strength in the American Car and Foundry stocks, Chicago Union Traction Brooklyn Transit, International Power, Standard Rope and Irvine, Amalgamated Copper, General Electric and Consolidated Gas. The formal announcement that the banking houses representing the contest for control of Northern Pacific had given orders to relieve any of the Lon- don shorts who are honestly unable to make delivery by paying 153 for their contracts attracted attention. The wording of the announcement was &C., cepted as indicating the continued eag- srness to secure actual deliveries of the stock The plans of the Illinois Central to advance further in the granger field and a purchase of a large interest in the Ohio soft coal field reported to be 'or account of the government interests were minor incidents that were thought to have possible significance on the question of an agreement between the .wo contending interests.
 The engagement of $1,500,O00 gold for export was not known until after the dose.
 Wabash debenture B's and Standard Rope 6s were strong and active. The 'airoad bond market generally was lull and irregular Total sales, par 'aiue, S9,IS0,OO0.
 United States refunding 2s advanced | 4 and new As 1-2 per cent. on the last | all
 Closing Prices,
 Following arc the closing prices reported " Prince & Wh!teiy. Bankers aud Brokers, 2 Broadway, New York. and 15 Center st., lew Haven. Bid. Asked Idap,s Express Co ............ ITO 195 Imalgamated Copper .......... .115A 116H l lmerican Car Foundry Co...... 2Sss 2S1a
 Do pfd S1A S2 .merican Cotton oil Co....... 27A 2S1
 Do pfd ................... S91a S0& .merIcan Express Co ........ .192 200 Amerlcan Ice co ....'.,...... 3GA 3IA
 Do pfd ..................... 72 73 .merlcan Linseed Co .......... 17h 1sh