The Providence news. (Providence [R.I.]) 1891-1906, 1901-05-09

Co, 10 loan stock to the shorts is stiu
open. The firms policy Is conciliatory.
III would protect rather than destroy
There are efforts on foot 10 get the con-
nicting interests together and we ara
hopeful as 10 the immediate future"
IL is positively stated that the Bur-
lington deal win go through but II is
felt that the conditions OF its new owner
ship will vary materially from those in
view when the Great Northern first sub.
mitted It's offer.
The trading IN No~thern Pacific became
wild and excited and finally came a sale
OF the stock AT 1900 = share
Then IN rapid succession came sales
~ Union Pac.nc Al 81. then a rally TO
u; psnis. SOLD at .sa. ~. =. G.. l<s, Peoples
Gas lHi1, Atchison s.. Erle 26ls p. e O.
pfd SAL. r.S. stsei ~: Missouri Pacific
o. AmalsAmsted Copper 81, Manhattan
% southern Pacific IS, Atchson pfd T.
Louisville % Brooklyn Transit 72 Rock
Island IL. Steel pfd. ~. ealt. ard Ohio
sss ard Peoples Gas loi.
GENERAL List RALLIES
AZ n:So the statement was made that
j. Il. Morgan q CO. and Kuhn. Loeb 4.
Co. had JUST agreed not To enforce de-
livsries on Northern Pacific stock today
with this announcement there came n
rally In prices throughout the general
list, Atchison common selling up TO slis.
the pfd. TO 50. Manhattan 10 100 and
others In smaller proportions
At the stock exchange clearing house
this morning II was said the balance OF
Northern Pacific common 10 be delivered
was $4,000 shares. practically all of which
was 10 be delivered at I5c. The largest
single lot was 1900 shares by large
international banking house, and there
are several lots OF from seven 10 twelve
thousand.
ONE FAILURE ANNOUNCED.
Kuhn. Loeb g. Co. issued a statemens
just before noon saying that they had
agreed with j. p Morgan a. Co, not To
enforce any deliveries OF Northern Pacif-
ic today. This was done to aliay the ter
rife rush to sell.
Az noon the assignment OF Charles r.
Sickles, broker OF Is Wall street was
announced. President j. j. fiii of the
Great Northern road made this state
ment: II never bought or sold a share OF
Northern Pacific stock on the floor and
what il more. In six months, have
neither acquired nor gotten rid OF North.
ern Pacific stock or any other stocks.
When the fog OF battle is lifted and the
air becomes clearer as I believe IL soon
will. people will see many things in a
much clearer light than they do now.
I'VE have never had control OF ths
Northern Pacific road; we don't want
control: we are not trying 20 get control
and under the law we could not retain
control IL we ever got It,"
A LITTLE MORE STEADY.
After noon there seemed TO be mors
steadiness 10 prices and Southern Pacific
rose 10 3Sia, Louisville 60 81, Manhattan
TO log, Z. :. Steel pfd. 90 80, and st. Paul
to 15S. ". :. Steel common after selling
at 20 dropped to 40 Chicago. Burlington
and Quincy sold at 1TD for 1000 shares
Then there was a rally I'm Steel pfd,
up to S.. Union Pacinc following 10 90.
Baltimors and Ohio sold az So Missouri
Pacific 80. American Tobacco 100 and Mo,
Pacific az 80. Then came an official an~
nouncement on the tape by Street IA
Norton that they would not demand de-
livery today or 80, oo0 shares OF Northern
Pacific common 10 them. This announces
ment was followed by n rally I'm Man
haitian TO los, Steel 10 as burlington To
ls2, Southern Pacific 10 49, Atchlson tn
% and Steel pfd. TO 9s
DROPPED TO 500.
Pacific common sold for zoo cash. A
this time tho market seemed 20 have n
better tona than at any period during the
day and the price changes between sales
wsro not SO wide as they had been during
the Wild hurries OF the carrier part of ths
session
The Improvement was well maintained
and before 1o'clock Amalgamated Copper
was up TO ilih, Manhattan to III Aich-
ison 90 -, American Tobacco 10 10 MIS-
souri, Pacific 90 io2, Rock Island a. lso.
Texas Pacific 60 ~. and urion Paesac 20
9pa.
Continued on page Two)