The age-herald., 1901-05-18
THE FEVER LEAVES AND NERVE RETURNS Strength Grew With the Prog
 reSS of the Session. BULLS WERE VERY ACTIVE The Bank Statement of Today Is Ex- pected To Be Good, and Money
 Is Easy-The Bond Market
 Was Very Broad.
BULLS WERE VERY ACTIVE

New York; May 1.-The feverishness and nervousness were practically all gone out of the stock market today. There were positive demonstrations of strength which was somewhat intermittent and spotty in the early dealings, but which grew and broadened with the progress of the day and progressed with buoyant outburst, which recalled the days of the early period of the late boom. The strength in the market was principally based on general conditions, but there was besides an unusually large number of stocks influenced by individual causes. The Influence of this strengthening factor was potent remedy. Probably the gen. eral feeling that speculation was on a safer level by reason of the imitation let out while the business conditions of the country and the earning power of prop critics were impaired encouraged the buying The evidence that forced liqui- dation, growing out of the panic had been completed, was thought to leave the way open for renewed business. The in- dications for tomorrows bank statement were of such a strong proportion that
 
 probability not far in the future. It should not escape notice, however, that the principal buying of the day came through the same channels as that which marked the leadership of the recent bull speculation into Its last stages of excess These operations were supposed in Wall street to be inspired in the interest of the great combination of capital whose measures of consolidation have produced crop of new securities which remain to be successfully marketed to insure the reimbursement of the expenses of those consultations. The belief in the settl- ment of the Northern Pacific controversy is felt to offer assurance of most eff / fective naturalization of the whole west ern railroad territory than has ever be- fore been known.
 The prominence of stocks of railroad in that region was due to this cause. There were very definite reports af1oat that the dividend on Missouri Pacific at the rate of 5 per cent was an early prob ability. The movement in the local trac- tions was due to the inauguration of the underground trolly on additional lines of the Metropolitan Street Railway, and es- inmates of the benefits to result to the Manhattan systems from the use of cleo tricity. Sugar was affected by reports of an agreement with the coffee interests, and was heavily bought for speculative account. Gains all the way from to 10 points are shown by an extended list of stocks, and their last prices were prac- ticaly at the top. Owing to the heavy re- ceipts from the interior the banks are expected to show a gain in cash in to- morrow's statement of nearly $5,0oo'000 after allowing for gold exports. This promise neutralized the effect of the fall- ing due on Monday of the third install- ment on Union Pacific bond subscrip- tion.
 The bond market was broad and prices were well sustained. Total sales, par value, s. ,455, 900.
 United States ss declined 4 per cent an the last call.