Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1901-05-07
MARKET REPORTS.
NEW YORK STOCK MARKET.
Features Of The Days Dealings in All the Lead
ing Stocks.

New York. May 6,-The interrupted
speculative advance was relieved IN !;
morning. with great violence. the holders
of stocks apparently having been entirely
rcassur.d by tn. check 10 the reaction
which was achieved. Saturday. Appar-
emily the speculative public was convinced
that Fridays sharp reaction was nothing
more than manipulative dip. designed
10 shake on weak holdings ana to afford
great railroad capitalists opportunity To
continued their buying for control To be-
ter advantage and at little expense. As
result there was a heavy congestion of
urgent buying orders To be expected at
the opening Large numbers OF stock
brokers found themselves eagerly bidding
against each other when the chairman I,
! hammer fen on the New York Stock EN-
, change. The salt was an upward spurt
of prices. This squirt proved in many
cases to be the highest of the day. al
though there were constant rccoverieS
and reactions in the general list all ddy
IOpening sales we're OF 1000 to 25.0to shares
in separate stocks at advances of from
| to IA points and ut prices in some in
stances varying as much as points on
simultaneous sales. The Changers. Pa
cifics. Trunk lines and Southwestcrns
proved to he the most active stocks
There was a dearth of news to account
for the strength OF the market in general
or of Northern Pacific in particular
Consolida ton continued to he the mage
word to influence the trading. This mar
rowed down somewhat to more specia /,
reports of progress in the Southwestern
adjournment OF relations in the North
western railroad deal The last named
rumor was the only thing to account Tor
the sensational movement in Northern
| Pacific. which. in its range and sudden
ness, exceeded that of any of the iUdiviI-
| ual stocks which have been singled OUT
! at different times reccntlv as centcrs pf
attention Northern Pacific made an ex-
| IRENE advance of % points with no very
| important reaction on the way up. The
| successive price changes did not exceed
| :, of a point after the opening when the
| second sale was made at jump of - I,
points over the first sale. The movement;
pathetic and reached an extreme 1914 The
| Duluth. South Shore & Atlantic common
and preferred stocks rose about points
each. Minneapolis. st. Paul 4 Sault Ste
| Marie (. and the preferred &. following
Canadian Pacific. Aside from these Their.
were few stocks which exceeded the onen-
| ing prices. AMONGST them being Atchison
| number of less prominent stocks. Pitts
| burg. c. c. St Louis rose 81. Mime
| apolis X st. Louis :. and the Coalers gen.
| orally from Il. to s. None of these gains
| were fully maintained. In fact, profit
| taking was IN steady progress all day I'M
| der cover of the strength in individual
| stocks. The United States Steel stocks
especial suffered from liquidation and
closed practically unchanged from Satur-
| days closing. The cali money rate
| touched 10 "cr cent. in the afternoon but
| fell back after the most urgent demand
had been satisfied. Bonds were compare
| lively quiet outside OF the price movement
tone was strong. Total sa'es. par value.
SHo.t0o United States new As declined
y. the IS q. and the old As "a per cent
| on the last call.