The age-herald., 1901-05-23
TRADE IN STOCKS
 VERY STAGNANT The Fries Were the Only Fea-
 lure to Notice. GOLD SHIPMENT KEEPS ON Northern Pacific Made Big Jump, But Lost it All Before the Close. Bonds Active Throughout
 the Day.
 

New York, May 22.-The stock market fell further Into apathy today and was only relieved from semi-stagnation by the mo ement of the Erie stocks. Consider ing the present indifference of the specula- tive public to the market. the volume or the transactions in Erie must be accept ed as significant The professional trad CTS, at a loss to secure even fractional profit on turn in the market, hocked to the Erie crowd as the movement pro- gresed and added their speculative oper- ations to the other buying of the stock. The buying, however, gained force that the movement marked a resumption of operations for the extension of influence and control of existing railroad systems. The buying was attributed to Wabash in- terests and there were sundry circum- stances which offered some corroboration. Statements were published this morning to the effect that a controlling interest had been secured in Lackawanna in or der to afford an outlet to the seaboaro for the Wabash and Gould Southwestern system This evidently represented an effort to account for the recent strength of Wabash and its Southwestern aHila- tions in face of the disappointment over the nondeclaration of dividends on Ms souri Pacific It had been stated With particularly for some days past that the buying of Toledo, St. Louis and Western stocks was for Vanderbilt account ana it was claimed today that control had passed. It Is to be considered that these roads run over closely related territory and activity in their stocks favors the presumption that the problem of their future relations and control Is being rl1a cfr oil Indianapolis and Louisville and of the Chicago Great Western stocks may have had bearing on the same problem. The strength of the bituminous coal carrying roads was directly attributable to the declaration of a dividend of 1h per cent. on the common stock of Hooking val ley the first in it's history.
 The strength of the Readings was called in sympathy with Erie in its char = acter as an Anthracite carrier, but Erie was the only one of the group to ma1n- tain it's advance. This stock closed at the highest at a gain of 23A. Some o1 the individual blocks purchased ran as high as 6090 shares. A feature of the day was a sale of Northern Pacific at III com pared with 15s1s last night but the stock dropped back again to 160 An unpleas- ant impression was produced that the authorities of the London Stock EX- change would rescind the suspension of rules Tor buying III Ol SOflHSlil tSit4S stock against the shorts. At the last set clement, it will be remembered, the diff ficulty on this account was adjusted by allowing the shorts to carry over, at a fixed price. But this left their contracts still uncovered and the buying in of shorts for the next settlement. which oc- CUTS next week, would be the occasion E for renewed uneasiness.. This suggestion and the announcement of s50000O exported gold had a part in the early heaviness of the market. The fact that there was no additional gold engagements, contrary to expectation, may have had some influence in the later hardening of prices but the vigorous advance in Erie was the main factor. number of minor industrial stocks were strong under very palpable manipulation. Des Moines and Fort Dodge were lifted 2% and the Wisconsin Central stocks ? and 4 respectively for the common and preferred. In the gen eral list changes are small and some what mixed.
 The bond market was never active but showed some strength Total sales par value $4 ,450,0 900. United States new 4s de- clined A per cent on the last call.
 
 New York Stock Market.
 Rv prfvafa VVira to Murnhv G. Co.