The daily morning journal and courier., 1901-04-23

 number of the leading active stocks, n- cluding St Paul, Union Pacific, Mis- souri Pacific and Pennsylvania, ant Southern Pacific was rushed up 21s. The last named stock was a conspicuous figure in the dealings all day, and ever after the general market had commenc- ed going to pieces the price. was ad vanced to 53M, which was 5as over Sat urday's close. St. Paul. after various fluctuations, rose as much, to l75 There were periods of strength also among the coalers, the local fractions, the southwesterns, Sugar and some other individual stocks. Pacific Mail was rushed up GA, apparently in sympathy with Southern Pacific. The strength ir the southwesterns was on-the renewed talk of a combination, including Chi caGo and Alton, and an entry into Pittsburg.
 These extreme advances came after the opening gains had been pretty gen orally wiped out under the flood of real izing selling, which had been the feat ure of the morning dealings on every day succeeding notable advance. It was very evident that the bull leaders were using every endeaver to turn the market upwards In order to revive the outside speculative buying, though they did not succeed in reviving general strength at any time. The upward movements were not accompanied gen. erally by any news and were based wholly on the argument that the price paid for Burlington warranted by con- trast much higher prices for practically all other railroad stocks. The bulls sought to make capital out of the ad- vertised invitation for subscriptions to the new British consol issue, as argu- ing confidence by bankers in the future plentitude of money, but the sharp rise in sterling exchange rates in response to the large subscriptions, said by the bankers having them In charge to be received for the loan, detracted from the force of this argument. Call loans did not rise above per cent, owing to Saturdays strong bank returns.
 In the late relapse in prices St. Paul dropped { points, Northwestern 5, Bal timore and Ohio 4A, Union Pacific 4M and large number of the active stocks from 1 to 3 points. Burlington held we'll at point or more over last night. The price of this stock having been made an index to warrant the advance of the whole market it was we'll sup ported. United States Steel stocks were weak throughout the day and show net losses of % for the common and IA for the preferred
 The bond market was active and 1n,,t fhn al a IT, regular The total sales par value were $6, ,4S0, 900.
 United States bonds were all un- changed on the last call.
 Had been, With Others, in Stock Brok-
 ing Business.
 New York, April 22--John Kelly, Samuel J. O'Keefe and Harry L. Cohen, who compose the firm of John Kelly & Co.,, stock brokers, at No. 32 Broadway, to-day assigned for the benefit of cred itors to Thomas l.. Reynolds. Levy & Unger, of No. 63 Park Row are the at- torneys for the assignors.
 According to MT. Levy, of the firm of Levy & Unger. the John Kelly of the firm is Honest" John Kelly.
 John Kelly went into the stock brok- craze business about two years ago, MT. Levy said, and had been doing gen. eral business There was no doubt, he said that Honest" John would be able to settle up with creditors dollar for dollar.
 ''The liabilities are comparatively small,' said he "We may add that of MT. Kellys friends have of- fered him financial assistance, but he is resolved to adjust the matter through his own resources
 i NET iORK STOCK MARKET.