The times., 1901-04-30
MORE new RECORDS MADE
Business Immense and Stocks
BuOyant on the Exchange.

Pacfacs and Grangers the Features
4 Fight for Control Of Union Paci-
nc-London n Heavy Buyer of the
steeIs. which Advance sharply.
NEW YORK. April 29.-Further new
records were established in today S deal
ipFs in The stock market Many of the
railway stocks sold at the best prices ever
attained. At the same time, and as was
the case last week, it was virtually I'M
possible 30 assign any definite reasons
apart from technical causes, for WhaI TOOK
place. Little more. in fact, could be salu
than that unparalleled buying orders
poured into the general market ana par
ticularly into the Pacific and granger
stocks. and that these resulted in SIMPLY
sensational advances.
In Union Pacific the amazing advance
recorded was again construed as chleHy
rejecting the current contest lor coI1iol
of that property now obviously IN pIob-
ress. There is no more interesting ques-
ton presented for consideration today IN
financial affairs than this apparent cOi,-
test of financial powers will be. Regard
ed in one way. the market levels OF such
stocks as Union Pacific and st. Paul in
vould not be a matter for protracted dis
cussiou. but on the other hand it Is paipa-
blv absurd to suppose that the merits OF
these securities have only now begun 10
attract the attention of investors
Those observers of Wall Street AFFAIRS
who have reached the conclusion that the
so-calIed good stories all have been tolu
may discover before long that the present
UNPARALLELED situation comprises posslolh-
ties heretofore undreamt of. 1t may be
said. however, the public at large is not
ant TO be enlightened until the compre-
bensive plans under way are fully ma
tured.
AS already noted today's remarkable
transactions in stocks were not olrecliE
accounted for by definite deVeIopnlehts'
business was resumed on the STOCK -
change in new surroundings, bul p",,i
To the uainStaking preparations AoI III
change. there was little or no ihc ihcol @ sli,
fence Saturdays bank statesmen W. W.
accounted encouraging, rs foresnaooN5,I,Is w,
Continued ease in the money market me
latter feature of the situation was VIZ -
aIIv unchanged today. the preVaItlhS Ldoeo
being at about the same leVei az 1 lIlo5'
,-,t77 az ti,a close of business last week
Additional exports of gold TO Europe
were announced and received sSalie slt,i,el a.
teutiOn London was a factor oI iliSste @ 90
weight in the local market as Ahe L 10
actions from that quarter attained bc-
rnendous proportions. IN aual1loH' ,.t,-
ican stocks were shown IN the eaIlS
cables at advances, which eNtehue4 -
points and more. above parity Win ~
II WIS estimated that the transactions
&, fF,ie market for foreign account ItStlt
"a ~ trla1ce in the purchase Of upwards
of Inise shares OF sock Houses VIII
Chicago connections also cdtIisu oti. On ~
enormous business. and nkeWlse D1t7IL'
heavily on balance. Their dealings, hut
e,-e,, were largely confined TO the PatlHc
and granger stocks ana were Ais1i ~ 1tlle4t-
raj fT bringing about the extreme move
rnents noted therein. 80 -
such a slIperheated speculation as pre-
vailed while the general lstueisey u 0
prices was distinctly upWafo' me 1.l-.s -
was punctuated by occasional ana shaTP
reactions The days more prohoohCeu
movements were in Atchison common
Baltimore and Ohio. Canadian F2cllle' a,ll---.
Illinois Central. New York Central feilh-
sx-ixanfa Union and Northern racine
Rock Island. and st Faul.
The executions to the general tendency
of the railway list were only among d
few OF the inactive stocks, ana NtIe a. a.
void of particular significance. In the
earlier Uart Of the day the anthracite coal
stocks were disposed TO lag, but latef
they also developed increasing strength n
and animation The same occurred IN the
dealings in local traction SHARES.
LOndon's purchases were pafticlitils
heavy in the United States Steel stocks,
both issues Of which scored extensive ad-
vances Otherwise, the dealings IN the IN
dustrial quarter did not attain large pro-
portions. American Smelling was Sharply
deDressed in the forenoon. but il later re-
covered the whole of its loss Sugar Re
fuing and the Tobacco stocks were com
paratiVely neglected
A number of pronounced advances were
recorded among the sO-called specialtleS,
CousuiCuous features being Analgt mated
Copper Anaconda Mining. Colorado tuel
and Iron. and Peoples Gas. Tennessee
Coal and Iron was reacuOnary, and
Western Union was barely steady.