The daily morning journal and courier., 1901-03-19
Et1tanctal.
 THE SI'O Ch MA RKET.
An Exciting Day With Leap Upward
 in Prices,

, In Prices.
 New York, March 1S.-The course o
 events in last weeks stock market le, up to to-day's excitement on the stocl exchange. The powerful professional speculators who had been manipulating prices for an advance for long tim, previously saw the promise of their re
 ward in the growing interest in thu
 market. The relief afforded by Satur
 days bank statement gave pretty goot
 assurance of an increased demand fol
 stocks this morning. The public appe-
 tite was whetted by several announce
 ments, which either came very oppor-
 tunely for the purpose or were sci
 afioat with view to their effect. One
 of the greatest difficulties which the
 professional bulls have had to contend
 with was the dragging tendency of the
 steel stocks under the apprehension
 that when the new United States Steel
 corpora ton stocks are introduced on
 the stock exchange they might prove
 weak and have an, unsettling influence
 on the general market.
 The report that the Rockefeller iron interests in the Lake Superior region
 were to be included in the steel merger,
 therefore, proved very opportun for the
 bulls, and awakened the steel stocks
 into strength and activity. It was very difficult to secure any authoritative con- 1 firmation of the transaction, and no de- | tails were vouchsafed as to the terms.
 The stocks of the United States Steel corpora ton were active and buoyant in the curb market in sympathy with the
 movement In the other stocks on the exchange.
 There was a continuance of the ex- cited speculation in, Burlington on the publication of circumstantial assertions that President J. J, Hill, ofs the Great Northern, had secured control of Bur lington. Burlington insiders were in- clined to deprecate these assertions, giving color to the belief that competi- tive buying for control was going on. It was also confidently stated that New York Central had secured control of Manhattan and would guarantee div idend of per cent. This statement re- ceived an emphatic denial from the president of the New York Central
 It will be seen that these influences were the framework of the days very animated and buoyant market. Other t,,O ,A,,tc al to these or were under their influence. Thus the belief that Burlington had been substituted for St. Paul In the proposed adjustment of Northwestern railroad affairs revived the co-relative belief that Erie was to be included in the programme. Hence the strong re- covery in those stocks after their early weakness in sympathy with the other coalers.
 General Electric's advance was an outgrowth of the supposition that new control of Manhattan would hasten It's i electrical equipment. The rise in the other grangers was palpably in sympa- thy with Burlington, St Paul alone hanging back Missouri Pacific seemed to be marked up in an endeavor to re- vive the strength of the Southwestern, but the manoeuvre proved without ef- feet.
 A number of specialties moved inde- pendently, including Sugar, Tobacco, Consolidated Gas Peoples Gas and American Snuff preferred. The New York Chicago and St. Louis stocks, Pa cific Coast second preferred, Lake Erie and Western preferred and Louisville | rxx1 urt,x 1S, pty The weakness of the coalers 1 was due to fears of miners strike. | Great Northern preferred reacted on on the declaration of stock rights. The gain in the | principal steel stocks extended from | to points and they held better than | any others.
 There were sales of trust certificates | for the stocks deposited in assent to the plan of merger, and the prices of these | in some cases varied over a point both above and below those of the stocks There was no explanation of this dis crepancy There was some fear of a short interest in the steel stocks and the of the transfer for stocks in he new corporation makes the present stocks scarce for delivery. Burlington's extreme rise was AZ, Manhattan's AZ md a large number of the other most prominent stocks from 3 to 5. North western preferred jumped z. The talk ng of speculative profits caused wide 'eaetions at times, but the undertone continued strong to the close, although ast prices of many stocks were notably below the best
 The railroad bond market continued lctive, but was reactionary in spots on ,roflt-taking. Total sales par value $6,- 35, 900.
 United States refunding twos advanc- d Is per cent. on the last call.
 Closing Prices. ll Following arc the closing prices reported y Prince x Whitely, Bankers and Brokers, ? Broadway, New York, and 15 Center st., lew Haven. Bid. Asked dams Express Co ...... co.,. .155 165 K american Chr Foundry Co ..... 241b 245&
 Do Pfd .................... 75Ts 76 -merican Cotton oil Coco. 27 PTS
 Do Pfd ........,............ S5 S7 mercan Express Co. ......... .195 19G1s -mcricGn Ice Co. .............. 40H fl
 10 fIu .......... ..--..s-.... IU2S ii merican Linseed co. ........ 8 SH
 Do Pfd ...,............. 36M 37 fA .ln. Smelling, e iteitu4ns Co. .. oo4s 55A \
 Do Pfd ...........-......... 94I % mericnn Steel Hoop Co. ....... 397s 40