Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1901-05-08
MARK IIT REPORTS.
new YORK STOCK MARKET.
Features Of the Day Dealings in All the Lead
ing Stocas.

New York. Af4r --TniIt.s -tuck mar -
kct ~huwcd liI thc ETIdAtEruH ~ r"H'i-
mrn' from bunHau3 s!Httpu 500 'hr "prHiHE
10 dieuTti,tit aiIfm N'fEiu~ oH moral
iLIt4nu IA lhr iItttr lArt uf M, dHs II.
market mnrvd almost rrt.tnl+ uI -,or H
Urn Pacific. The 'Ntrapfdirsrg ucfna %
for that STOCK continued 9rh 81 .ifuua.
duplicated yesterday Il t.tf ..u. tr'lnE tH
extreme --tt points tufu4,IIri with
yesterday. in the s-r!t dealing tins
strength retained a Tttt NJ iir fiji tufIthri -
* iuHuenc, un tht general NATL .t hEt M
steadily Jay; that lnNlru'v l;It AZ tr
dIy drew towards the chose. f4uinr began
20 gain currency that iGr '.utMhIs &C.
rInd MT ihls stut X ot thy iast tw" DAYS
WAS the rc-nlt w 4 desperate. EFFORT tu
regain control un ;hc i-Tt 90 iHsid.f
Th- superstition Dr. that ths rry.nt ~, =
M secure control ~ Union fHriH, l-d tr
y retAltatrry movement VOL thv part 40
The powerful. cap. Il,s's who con-; %.
Union Pacific tu cmhATr.-~ th" Northern
racIfir interests with au enforced con-
t.st ~ maintain their control
y mouse which We credited with buy
ing 9sttsu shares. Yesterday. Was buyer
~ tens ~ thousands 10 shares. TODAY
ANA $50 q m sam" tim" lending "ut ihr
stock for The bc0SIt az TIE shorts To au
amount estimated at lt"'ss' shares. thus
striving tn aliay :h, alarm ut tht short
Interests. The pr,SumpNuu= which might
flow from thc fact ~ SAcG u struggle
a chilling effect ur tn, whole SPEC lIa-
ton There were fears that ,h" COLLAPSE
to iNiltW mo volatile use ii NRFtll'Ff!
Pacific would InfaVoTably affect the
whole stock market Runners regarding
Northern Pacific did mt begin " TAX
this form until lat" IN 'h" DAY. Reports
thai IN" preferred stock was 20 have the
option Of exchange with The common
stock ana ~ DOING away with Its prior
claims sent Northern Pacific preferred
over - points. Canadian Pacific co1ttu-
ucd its advance on the theory that its
prospective control ~ the Northern IA
cfC gave tile latter stock it's strength.
Union Pacific was run AZ Ia o. These
stocks CuuSti, utcd the really notable feat
urcs II strength IN INC market after thc
opening bulge which was quitc general
These opening gains ran from t. =
points generally and from . 10 points
in Sugar ana Union Pacific. IhC quick
inroadS made upon these prices by rral-
fling and the Impairment of IN" buying
power DISCOURAGED the continuance II tn.
speculation for tho rise. Tho higher rate
~ money ana the demands ny brokers tur
larger margins also had a rcprcsSiVc in
fuencc on speculation Tho late selling
was enhanced by the disCnura cement Of
tirnid holders who are nrit willing tn hold
for a rise The break 2 III" last Was Sc
we're. reaching - in Northern Pacific.
In ST Paul. s in ninu Pacific. ~, in RoCA
Island ) tn Baltimore a ohio ana he
tween ANA points IN tfc large ma
iurtv Of The active list Prices closed
above the lowest nS hrarS took quick
profits hUt the closing unjcrtnnc contin-
ucd distinctly weak The bond market
WAS quito active and Irr"-uiar. Total
saIcs. nar value. S51.ni United States
5s declined and the 3s u rCr cent ~
the last call.