The age-herald., 1901-04-18
BATTLE BETWEEN
 BULLS AND BEARS At the Close the Issue Was Still
 Undecided STOCK MARKET I WAS ACTIVE Bulls Contested the Onslaught of Their Opponents With vlgor and Soon After This Opening Seemed
 To Have Upper Hand.
STOCK MARKED I WAS ACTIVE

New York, April 1.-The stock market was unusually active nearly all the ses- sion showing a spirit of aggressiveness on the part of speculators to develop weak points and those short.
 The battle between the two elements waged all day with varying success and the market closed with the issue appar- ently undecided, although review or net changes for the day will show that the bears had the best of the contest, taking the day thrdugh. The bulls contested the onslaught of their opponents with vigor and determination and had fairly secured the upper hand of them after the opening drive against the market Even after the last dip in prices, which carried quo- tations to the lowest of the day, the bulls were still in full array, vigorously sup porting prices here and there and boldly manipulating advances in a number of stocks. The only point of positive strength in the list were in Southwestern Railroad division. An effort was male to revive speculative activity by bringing up the rumors of a Southwestern merger During the period of the first retreat or the bears the movement in rhis depart ment proved an effective leadership Tn the market lead by Kansas and Texas pre- ferred New York Central and some or the other trunk lines showed signs or strength and sugar, Peoples Gas and the smelling stocks made effective auxiiiaries in the demonstration by the bulls.
 Very little was left, however, of these advances after the final reaction but the -I4 h. wards the common rising 2ss over last night on the final efforts of the bulls to turn the market Prices rallied while the room shorts were uncovered, but went off again on renewed selling, making the closing unsettled and irregular with some stocks at the lowest. There was dispo- stion to take speculative profits regard- less of news development. It was espec- ially manifet in tn stocks which had been influenced most by. the Burlingto deal ru- mors and in Amalgamated Copper. There was almost a complete recovery from these opening losses apparently on the supposition that the Burlington directors after their meeting would announce the completion of the deal
 The bull leaders are manifestly per- plexed over what is to take the place of the Burlington deal, as an effective in- fiuence in fomenting speculation when the
 
 velopments did not seem to cause doubt of the practical consummation of the plan and in fact heavy proflt-taking was to be looked for even had the matter been an- nounced. It is too much to say that the Burlington episode has lost it's influence to attract speculative buying so long as official announcement of the matter Is withheld. giving room for rumors and surmise over the plans.
 The threatened strike of iron and steel workers was continued during the e"'i~e session, and United States Steel ' s were heavl all through, ruling a, under yesterday.
 The weather bureaus crop report show ing retarded developments by reason of cool weather may have had some infiu- ence But the movement of the market was principally due to technical causes. The more favorable money conditions were ignored. The gain by the banks from the sub-treasury which has already reached $4O00, 900 this week, and the ar rested outflow of cash to the interior, give pretty good assurance of a favorable bank statement on Saturday. The sterling exchange market was rather soft, not withstanding the increased supplies here yof loanable funds, so that the overflow of gold Is pretty certainly deferred be- yond this week. The range Of prices dur ing the day was extremely wide, reaching from to points in nearly all or the most active stocks.
 The bond market continued active, but the price movement was irregular. Total sales, par value, 5,305. .0O0
 limited States old As regular declined A, and old As coupon B perecent on the last call.
 New York Stock Market.