New-York tribune., 1901-04-05
FEEERlSH DAY ON CHANGE
THE TOTAL TRANSACTIONS. ISIS COS
SHARES. ONLY ONCE EXCEEDED

The stock market had yesterday dav Of
extraordinary activity and of extraordinary
fluctuations With the uncertainties of a trinle
holiday just ahead, il had been generally ex-
pected that sail would be shortened Yesterday.
hut at the close Of the day the shin Of specula-
ton was plungins ahead as usual. The total
transactions for the day were /. SIS COS shares
a record only once exceeded
The rousing advances in Wednesdays mar
ket seemed TO have awakened a fever Of specu-
lation all through the country, and the result
Vas a heavy congestion OF buying orders in
commission brokerage Offices yesterday morn
ing. apparently there were many Of these
eager Spectators who had placed no limit as
10 price in their orders, but had instructed
their brokers 10 buy round amounts OF various
stocks at the market
Ihefe was pandemonium in the board room
"heh me chalrmans gavel fell marking the be-
ginning OF the trading. Seven stocks had wide"
openings-chicago and Northwestern. of which
5000 shares were sold simultaneously by various
brokers at 1870 TO 1913; St Paul 5000. at 15S n
l7S'2' Atehison preferred 1000 at 96l9 to o.:
Rock Island. 5000. at $50 to l5l; Missouri Pa
chic o'eto' at 100 to l06s4; United States Steel
common. 1000, at 4S12 to asa. and People's Gas
600, at 1l2l2 10 ll2s.
As soon as actual quotations began to he made
the trading was reduced to a little more order
But prices continued 10 fiuctua-e in a Wild op5
feVerlsh manner. The opening bulge carried
ROCK Island IA over the preceding night ST
Pau ana northwestern, 2Ss each Missouri Pa
chc 29s. Illinois Central 54 Colorado Fuel ils
New-York Central 2%. PENNSYLVANIA 2L and
Peoples Gas, Louisville, Sugar. Tobacco and a
number Of less important stocks . points The
list of gains of TO . points was a long one.
Soon the fact mecame evident that profit taking
on an enormous scale was in progress. Prices
yielded in violent drops, while the constant rein
forcement Of the buying demand caused sensa-
tional rebounds, the prices on the recovery in
some cases exceeding the first high level
The relapse In the first hour ran to 43s in
Burlington, IA in Rock Island > in Delaware
Central, 3@s in Northwestern, 2is in Missouri
Pacific and in long list Of stocks Not a few
important stocks We're carried under Wednes-
dsy night under the pressure Of the tremendous
hquldauon, particularly the United States steel
stocks
In the afternoon hours. after the liquidation
had spent most of its force, there were some
rapid and striking advances. especially in Anal
samated Copper on unconfirmed reports of
settlement of the company's differences with
T. A. HeinZe, and in Colorado Fuel and Iron
on rumors Of the inclusion Of that company in
g steel combination
The liquidation renewed at other points
in the list under cover Of this strength and
there were again violent declines and rebounds
irreguSr. Rock Island was raided down TO las
"a below the high point, rallying however 10
lJ)14 at the close.
Call money ran up 10 6 per cent in the after
noon. and closed at >. and this fact added ma
terlaIly 10 the feverishness Of the market.