The age-herald., 1901-04-02
HEAVY DEALINGS
 IN STOCK MARKET United States Stocks Sci the
 Pace
 HE SALES WERE ENORMOUS New Record Was Almost Estab- iished-Entire List Was Sympa- thetic and Southern Iron &c.,
 curitles Made Big Advance.
THE SALES WERE ENORMOUS

New York, April 1.-The enormous vol ume of dealings in the United States Steel securities today brought the aggregate sales of all stocks on the exchange with in measurable distance of the largest dealings on record for single day. The largest sales on record, were January of this year. The total for today was 1,S5S,S0O shares, which has only been eX- cecded by the record day very slightly.
 The part played by the United States Steel stocks even in such broad and active market as that of today Is indi- cated by the sales of the common and the preferred, those of United States Steel amounting to 216.100 and those of United States Steel preferred. 16o,S00 shares at or for both. 3S4,9o0 shares, which was 2S per cent of the total deal- ings. It is very evident that the activity of the United States Steel Corporation stocks on the exchange, with their bulky capitalization of II 100000 shares according to todays amended certificates of incor- poration, is to constitute new era In the volume of dealings for individual stocks.
 Single commission houses today did a sufficient business in these stocks alone to realize a handsome fortune simply from the brokerage commission on thelr operations One house was credited with selling upward of 100000 shares Of Un1teo States Steel preferred, and various houses between 5000 and 100000 shares of either one of the other stocks. The dealings are on such a scale that it is the opin- ion of all the brokers that the stock may be offered at current quotations soon, Before the day closed the event proved that the power of the syndicate in these securities was equal to the task or ma nipulation in any direction.
 The course of these stocks had large influence on the ultimate movement of the whole stock market. There were points of great strength here and there in the early dealings, but the profit-taking saleh were or an enormous scale and the move ment of prices highly irregular and con flicting until past the noon hour Many of the opening advances were about wiped out before the final outburst, which carried prices to the highest Of the day. A final realizing movement car ried the most active stocks down again from one to two points and made the closing very irregular.
 All of the steel stocks were quite vola- tile, both those included in the merger and the independent companies. Republic Steel preferred rose an extreme 6N. Sloss- Sheffield preferred 4N and Tennessee Coal A. None of these advances were fully maintained. Quite number nf dormant stocks were advanced sharp'r. Pullman rising GA Burlington was quite severely depressed by profitt aking. falling at one time 3H bel w Saturdays closing price, but ending with a net los" of only IF. Lackawanna after an early Aovance. fell S5-S under Saturday.
 Money market conditions were entirely Ignored in the eager speculative spirit. Although government interest disburse- ments are expected to yield over sS,o0o,oo0 to the money market tomorrow, the ab- sorption of cash by the sub-tr ensury on routine operations continues very large. Sterling exchange advance fraction to the gold export point today on the large demand from stock houses who are buy ing American stocks abroad.
 After the stock market had closed $500 900 gold shipment to Europe for to- morrow was announced and more Is ex- pected to go during the week. The tone of the money market was distinctly hard CT, but not the slightest effect was pro- duced on speculation.
 Conjecture was at a loss to account for the heavy and continued selling of the United States Steel stocks, but there was a suggestion that it was due to the purchase of an interest amounting to several million dollars, which the syndi- cate operators had decided to sell, but had decided to pass through the open market
 The bond market was not so active relatively as the stock market, but busi- ness was large and the movement of prices irregular. Total sales, par value, $6,O35,0
 New York Stock Market.