Waterbury Democrat., 1901-05-10
CHICAGO HELPED.
tanks of Windy City Sent $2o.
 100000 to New York.
BROKERS VERY BUSY TO-DAY.

To-day Which Seemed to Steady the
 New York Market. The Market
 Later Became Feverish Again and
 Very Erratic.
 Chicago. May 10.-Tne Tribune says: Chicago. banks shipped $20,- 0O0,O00 of currency to New York last night as a result of the fall in stocks. Urgent demand for margins had been sent from New York and much of the money was for this purpose. Some of it was the result of investment buy ing of stocks and bonds by Chicago men yesterday.
 New York May. 10.-Sentiment in the financial world was much reas- sured to-day by the announcement made last night that the shorts in Northern, Pacific were to be settled with at s150. thereby ending the cor ner in the stock Brokerage offices were filled with spectators at an early hour and to some of the large houses admission was to be had only by ticket. Before the New York open ing. interest centafed in London's quo tations and when these came much higher than yesterdays New York close the better feeling became stronger and the New York opening prices were awaited with a confidence in marked contrast to the complete Generalization that prevailed on every hand yesterday morning. 4 dispatch was received from London saying that at 1 :45 in that city all American se- curities were higher with St Paul quoted at a price equal to q 20 points advance and Union Pacific showing a rise of 10 points. The 12:30 prices in London (the figures given are the New York equivalent) with the charges from yesterdays New York close were as follows: Atchison T0A, advance 31z; Canadian Pacific 9S5s. advance IS: St Paul 15915, advance 1S1k: Illinois Central 133, advance 1lz; Louisville and Nashville 965s, ad- vance IS: Union Pacific pfd 9134, ad vance 14; Erie 33s4. advance sz; United States Steel 4O7s. advance B, United States Steel pfd 92s{. advance 3H; Anaconda 435s. advance 3ss; Northern Pacific sold in London at a price equivalent to 13411k in New York.
 The London p. m. quotations showed further advances, Atchison pfd being up 65s, Baltimore and Ohio 25s, Mexican Central 2ss, Louisville IS, and Chesapeake and Ohio 23s.
 New York May 1O.@The first quota fion on the ticker tape recorded a sale of Amalgamated Copper at 108, rise of points, and this was followed by a sale of Reading first preferred at T11h, as against 70 at yesterdays close, and sale after sale of various stocks showed higher prices the traders felt that the worst was over The anxious. ly-looked for opening of Northern Pacific was transaction of 300 shares at 150 and this was taken as an indi- cation, that all of the minor holders of the stock had decided to settle with the shorts at the figures agreed upon by J. F. Morgan & Co. and Kuhn, Loeb & Co. Amalgamated Copper rushed up to 110k, and St Paul sold at 155, United States Steel pfd at % Louis vile at 9915 Union Pacific at 95, At chison pfd at 95, Burlington at 1SS, and Missouri Pacific at 100 all of the figures indicating substantial improve ments for last night.
 Tn spite of the better tone, however, the market was very feyerish and price changes after the first squirt became wild and cratic. There was much doubt in the street as to whether the decision of the holders of Northern Pacific to be easy with the shorts, meant more than temporary truce between the conflicting interests. Many securities have sold at their high record figures recently on the belief that they would enjoy much benefit from one CT the other of the vast con sOIidation schemes for which different railroad managers were working, and some hesitation to buy was caused by fear that the hostilities developed dur 3 ing the Northern Pacific contest might delay indefinitely or prevent altogether the plans for extensive combinations of railroad capital under closely cen tralized management
 At about 1O:20 the cheering news was given out that the stock exchange had officially announced that success full passing of all clearing sheets and the honoring of all checks given by exchange members yesterday. This announcement effectually disposed of the rumors current yesterday that cer- tain houses would be unable to meet their obligations on yesterdays con tracts
 The trading became so feverish around 10:30 that it was very hard to follow the price changes. but there was 2 notable absence of the rush to sell which was the distinguishing char acteristic yesterday morning. AmaI- SaIhated Copper held firm around no, Southern Pacific at 1T Atchison at TO. the preferred at g. Manhattan at 1G91k. Brooklyn Rapid Transit at "a, and Louisville around 9GaI. Steel on large transactions kept close to 42. Rock Island fell back from the open ing price of 150 to 14T. Continental Tobacco was strong. selling at 491k, Pennsylvania sold at 145 and Texas and Pacific at A. Southern Railway recovered to % and Canadian Pacific touched par. There was a sale of 100 shares of Northern Pacific at 151- At 10:4J the market showed q quieter tone with prices holding steady
 There was heavy selling of the steel