The age-herald., 1901-04-20
REMARKABLE DAY
 IN STOCK MARKET The Aggregate Sales Reached
 2,193,9OO Shares STEADY UPLlFT OF PRICES Occasional Profit Taking Was Licked Up and the Market surged at the Last, Closing in Spectacu.
 lar outburst.
STEADY UPLlFT OF PRICES

Nv York, April 19.--Today's stock mar ket was the most remarkable which has yet been seen during the present specu- lative era. ->ot only in the aggregate sales, which reached 2.19S,so0 shares. but in the wide distribution and variety of trading the amount and the number of the gains recorded. the record prices touched the wideness of the general out side interest manifested In the market. and from almost any point of view, the market was entirely without precedent in the history of Wall street There was a steady and persistent uplift of prices which was as irresistible. as hydraulic pressure. The occasional profit taking was licked up and the market surged at the last. closing in buoyant and spec tacular outburst such as was perhaps never seen before.
 In the last five minutes of trading the tape recorded such transactions as 5000 shares of Pennsylvania at 1So while In Union Pacific there was string of trans actions of 5000 shares at ssA 5000 shares at 100; ooO0 shares at s97s 5000 at 100 and a final block of 10000 shares at 100 at the top price of the day and In the history of
  ceptional but there were blocks of 1000 to 5000 shares of large number of the most active stocks changing hands all day. Only some factor of the unusual can cause such strength. There was a marked - relaxation in the money market and the prospect of a very strong bank state ment tomorrow Of course this factor has only remote bearing on the value of properties whose sinews of war upon which the spectators are dependent for carrying on their campaign.
 It has been shown a number of times recently that the cutting of these sinews is the only thing which win serve to re- press the speculative sentiment or which seems to have thoroughly permeated the American people. With the replenish- meht of available resources today, the speculation was revived in an unbridled manner. The air was thick with rumors of measures to be taken by rival railroad systems to offset the Burlington deal. The movement in Union Pacific and in the Atchisons was distinctly traceable to this influence aided by supplementary ru- mors of coming dividend increases.
 The British export duty on coal was a factor In the buoyant uplift of the sea- board bituminous coal carriers, as it aroused hopes of a large growth in our export trade in coal. The so-called junior Vanderbilts evidently moved in sympathy on the supposition of closer combination and additional financial security with the parent New York Central system The express stocks moved upward in com pany on the belief that closer associa- tion was in view as the result of yes- terday's election as directors of the Uni ted States Express of officials of the oth- CT companies. Belief in merger of Southwestern railroads was potent fac- tor in that section of the market. A very sharp contrast to the general movement of the market was the heavi- ness of the United States Steel stocks. the preferred falling at one time nearly a point below last night. This was partly accounted for by the circulation by the bears of a runnor that J. Pierpont Morgan was suffering with heart trouble but the stocks did not recover with the authori- tative information that Mir Morgan was in good health.
 The strength of the market was so general that it is only worth while to specify few of the more important net gains. These are: St. Paul 6b; Baltimore and Ohio 5A; Union Pacific 4 Amalga- mated Copper 4ss; Rock Island S1a; Texas and Pacific 31H;5 Kansas and Texas 3ss; the Junior Vanderbilts from to 101a; the . latter Canada Southern; American Ex- press S. Wells Fargo 5h; Pacific coast .s common and second preferred 51a. and large number of other stocks from 2 to points.
 Business in bonds was also very active and became generally strong as the day progressed Total sales, par value, s7,290.- 900.
 United States refunding 2s declined h, and the Ss i4 per cent on the last call
 New York Stock Market.
 Rv Private Wire to Murphy & Co