The age-herald., 1901-03-30
MUCH SPECULATION
 IN STOCK MARKET BuIlish Spirit Was Kept Up 2. During the Day ENORMOUS PROFIT TAKING Burlington and United States Steel Stocks Were the Most ConspIcu-
 ous Features in the Market.
 Excitement Was Great.
ENORMOUS PROFIT TAKING

New York, March 29.--There was an- other d.y of very heavy speculation in tie stock market today. The individual examples of notable strength served as an effective prop to the whole market and kept the bullish spirit in the ascendancy, although profit-taking was on an enor- nous scale all day. The movement was nol especially connected with any devel- opment, but everything received favor ablt Interpretation from the enthusiastic bulls, and If anything unfavorable came to their notice 1t was totally ignored. Burlington and United States Steel stocks were the most conspicuous features in the market, as was the case yesterday, and their strength had a decisive influence on the whole list.
 Burlington was buoyant form the out set, mounting four and a half points over last nights close in the opening trans actions by successive stages of half a point at time on an absorption of 15000 sha.es. No authorized announcement was made of the closing of the Northern Pacific Burlington deal, but the specu- lators accepted the assertion that the plan was ripe.'' There was a furious
 
 1t up through successive reactions to 175. with the close only shade below that The profit-taking in Northern Pacific was very heavy. carrying the stock down one and half from the top level and clos ing at only small rally with net loss of one-quarter point. The volume of deal ings in United States Steel stocks was contemplated with delight by the commits sion brokers as an earnest of the possi- bilities of an active speculation in stock compromising capital of S500,000 shares. The days business in common stock amounted to 159,00O shares, and in the preferred to 120000, or for both IT per cent of the total tranactions. The com mon stock was lifted at one time 1$ to 45 and the preferred 1A to 96 The offerings brought out at this level were enormous and apparently the supporters of the stock were satisfied to maintain thern at near that level, which was done to the end. There was very notable demand for high grade investment stocks and for some others on which the dividend re- turn is still at high rate. In this class Northwestern 5s lifted SIS, St. Paul and Minneapolis IA Lackawanna, 9; Della ware and Hudson, 6% New York Cen tral, ex-div, 2; Illinois Central 2B, and Western Union, 31s.
 There were various other points of strength, including the Readins, the New Work public utilities, Peoples Gas and various other stocks, including the gran gers. The Fries, Wheeling and Lake Fries, the Southwestern group showed the effects of realizing. Sugar was also under pressure. The fact that no en- agreements of gold were made for tomor- rows steamer was regarded as a favora ble factor, although the sterling ex- change market was called firm at slight recession The promise of an unfavorable bank statement was ignored as call loan rates did not rise above per cent and were offered down to per cent at the close.
 There was less activity In the bond market today and the price movement was irregular. Total sales, par value, $3,S95 ,000 United States new 4s advanced \ per cent on the last call.
 New York Stock Market.
 By Private Wire to Murphy & Go