The age-herald., 1901-04-22
LIVELY DAY IN HE
 STOCK MARKET - Many Large Transactions Our
 ing the Past Week YESTERDAY WAS EXCITING j Market Closed With an Upward Squirt of Prices and Natural Pressure of llquidating Sales at the
 High Level.
YESTERDAY WAS EXCITING

New York, April 2O.-The week of the largest transactions in stock ia the his tory of the stock exchange closed with the inevitable upsard spust of prices ana the natural pressure of liouidating sales at the high level. The rapid upward course of prices at the close yesteroay brought the expected horde or outside 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, notaply St Paul and Union Pacific. Specihc om- cial denials were put out of the report oA a projected combination of Northwestern and Union Pacific to offset the burhns ton deal so the spectators supstitutFo St. Paul for the former and found IL Just as effective in attracting demand Tor the stock The manipulation in St. Paul was very palpable and violent but the price was pushed determinedly upward to ifo i. after having already crossed its previous record price yesterday. The nnai nish price was made in a vigorous enort 10 rally the market from the decline into which 1t had fallen as a result of the un- wieldly mass of realizing sales wnlcn were thrown upon the market on lhe opening bulge. The effort was successlui in only few stocks and the undertone at the close was distinctly easy ana showed some rather violent breaks Tn re. j cent speculative favorites. survey or net results shows that the persistlng strength, was confined to St. Paul, union and Southern Pacific, Missouri Paclnc, Texas and Pacific; the local fractions ana some of the minor stocks. The pank statement was more favorable than ex- pected by reason of heavy loan contrac- 1tnI ho of all the cash increase. But the show ing had evidently been discounted ane the selling to take profits on purchases made Tn anticipation of the statement had eVi- dently not been completed when the mar ket closed. The sales for the two hours of trading were 1,l45,6OO shares compared with the record for Saturday of l,lb2,SO0 shares on January D. The weeks sales aggregated 16,061 APO 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 States Steel Corporation but of many other properties. The offer of a banking firm in Boston to receive deposits or cop per stocks looking to a consolidation of Butte and Boston, Boston and Montana. ai1d Amalgamated Copper was the basis
  named stock on the New York Stock Ex- change
 The consumation of the Burlington deal has produced a crop of rumors of I projects for other trans-continental all dances to offset this project which have met with denials from official sources and by apparently inspired disclaimers of any ocean to ocean route being involved in the Burlington deal As corroboration for this comes the intimation from St. Paul that President J. J. Hill has taken spec ulative 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 projecting consolidation with Union Pacific.
 Speculation has over1owed from the stock market in the bonds department United States new As declined F. old As coupon h, and old 4s registered the re- funding 2s and 3s A per cent below the closing call of last week.
 New York Stock Market.