The age-herald., 1901-04-21
LIVELY DAY IN HE STOCK MARKET
 - Many Large Transactions Dur ing the Past Week YESTERDAY WAS EXCITING
  Market Closed With an Upward Spurt c! Prices and Natural Pressure of Liquldating Sales at she
 High Level.
YESTERDAY WAS EXCITING

New York. April ao..-.fhe week Of the largest transactions in stock in the his :ory Of the stock exchange closed with the inevitable ulsAard squirt of prices and the natural pressure of liquidating sales at the high level. The rapid upward course of prices at the close yesterday brought the expected horde or outsloe buyers this morning and the professionals added their efforts to the excited demand of outsiders to make the opening price as high as possible The result was some widespreads in prices and congested buy ing orders in the favorite stocks, notably H. Paul and Union Pacific. Specific otn- oial denisls were put out Of the report or projected combination of Northwestern and Union Pacific to offset the Burling- ton deal so the speculators substituted st Paul for the former and found it just As effective in attracting demand for the stock. The manipulation in St. Paul was very palpable and violent but the price WAS pushed determinedy upward to ITO af,sr having already crossed its previous record price yesterday. The final hign krice vas made in a vigorous e1ort to rally the market from the decline into which 1t had fallen as result Of the un- wi.l.i.y mass of realizing sales yhicn were thrown upon the market on tho apenlux bulge. The effort was successful in only a few stocks and the undertone At the close was distinctly easy and showed some rather violent breaks in re- cent speculative favorites. A survey or ne: results shows that the persisting strength was confined to St. Paul, Union and Southern Pacific, Missouri Pacific, Ix,xA tfaaf2- A Ay1f! some of the minor stocks The bank statement was more favorable than ex- pected by reason of heavy loan contrac- ;ion, which gave the surplus the beneht of ali the cash increase. But the snow ing had evidently been discounted ana the selling to take profits on purchases made ] in anticipation of the statement had evil dently not been completed when the mar ket closed The sales for the two hours of trading were 1,146, 500 shares compared with the record for Saturday of 1,l52,SOO shares on January 5. The weeks sales aggregated 16,O6l, ,42o shares which sur passed all records.
 The settlement of the wage situation at McKeesport has relieved apprehension of obstructive contests with widespread col lateral affects which would have hurt property values not only. of. the United etates Steel Corporation, but of many o:her properties. The offer of a banking
 
 per stocks looking to q consolidation Of aItte and Boston. Boston and Montana, aud Amalgamated Copper was the basis ot an excited speculation in the last named stock on the New York Stock Ex- change.
 The consumatson of the Burlington deal has produced crop of rpnlors Of projects for other traps-continental al- }liances to offset this project which have met with denials from official sources and hy apparently inspirod disclaimers of any Nooenn tU ucean route being involved in the Burlington deal. As corroboration for th!s comes the intimation from St. Paul that President J. J. Hill has taken spec u;ativo profits on his holdings of Erie and Baltimore and Ohio stocks and sold out But this has not checked the rumor-mon- gers from making Pennsylvania for buy ing for control of Atchison and North western protecting q consolidation with Union Pacific.
 Speculation has .overfowed. from the stock market in the bonds department, United States new is declined 1s, old As coupon *. and old As registered, the re- funding 2s and 3s A per cent below the closing call of last week. .a New York Stock Market.
 Ry Private Wire to M1rnhy R