The age-herald., 1901-04-12
LIQUIDATION IN
 STOCK EXCHANGE Market Was Dull at First But
 Strengthened SELLING WAS QUITE HEAVY Rumored Burlington Deal Was Most important of the canards and Was Responsible for the
 Depression.

New York, April 1i.-Specuiative liqui- dation was very clearly at work again in today's stock market. It was dull during the very first hours, but soon strength ened. The advance in certain large deals helped the smaller speculative issues and helped to sustain the rest of the mar ket In face of heavy selling until the call money rate ran up again, when the pres sure to sell became greater than the ao- sorption power, and the market turned weak Even the notably strong stocks lost all of their gains as a rule and the mar ket closed dull and at about the lowest and at considerable net loss except in a very few stocks. The arrival in London of the New York financier, who has been the moving spirit in most of the recent vast financial projects in this country aroused much interest there, and gives rise to many rumors of English capital being interested.
 The rumored Burlington deal was the most important of all canards affoat, and it is said this had good deal to do With the depression which permeated the whole market as the day progressed. It isi eyi- dent from the persistence of disclaimery of any deal with this road that an 1mpoy tant minority of the stock holdere>H sf opposed to it, even if it De tfueAttl| actual control has passed to the <1ill-Hi gan interest. ~
 The widespread belief in innpendinx o .,a,. solidations of importance in the cpps. world made amalgamated copper ve' ss tive and buoyant, but here aga .s failure of expected official conn 1,.,s,r aroused some feeling of distrust. ai.ons st the speculators, who had boufl and largely and with least informason, a., the profit-talking cost the stoN cpt,,aos sro cally all of It's 3% points rise. Tw S ths,r and Northwestern stock confnIs,.ua X,a,ng remarkable rise, the common au <, .n,,,ts 11N points and the preferrs. a1,onnas poS, each of them showing poinS, ." ofsiciaI between sales Denfa1s fpmis .Ina of sources of the rumored cont e. this road with Chicago, Min Ial'sn, Do. Paul and Omaha, and 'wit1, ,taor of cific, caused a reaction in ,le .s.nod 7ls. There were denIals of tne ntota sales of Consolidated Gas s-o,, the causing reaction of pfites. .5e,aoa nf stocks and 5ik point rise. ne ue. a ~ L,,,1,ns SA In Rock Island on rynors & v. o,yl r,nre lrs for control by Pennsylv' "aS i"''' than lost. a. d s.,,od
 Sugar rose an exfrenee S4 ana saveo we more of it's gain than fnot stochs' United States Stetl stofs snv"eu a.sa,th no
  closing at net declines Pf as Hactioh .o q point The selling prssur "Ss .rem,, marked in Burlington anu I NJ NJ. a.,aa Pacific and 1t was only for orien pe,,ot ,"t I@s. T, ra~,.so,D M Burlington reach s,I .,a ;," Northen Pacific 2as. The -oo,,,r.,na,.s af Inc s,b-treasury and the demand from the iTt erior con.iiiuu s .,o ~ make inroads on banpns rese, ves 5,.,..,, anu .ru s har,as ,e,srad to him at the market .. ,.s DoS n.s,o,,ro e,ad tSe hope of relief from KY .o,,rn. Ths hsrdening of the money rnta ,,, T onaon ale, causes apprehension rsnaraI of r}essure for gold from that ,oint a,thouyh the higher money
 ts ,nra rr.s sua9ient to cause a yield s ,,, th. st ari,ro exchange rate today. ,r,s. r,an,,, rat,,r,, o the Bank of Eng ,a.d ston,s that if has made heavy de- ns,as ,,,'o,, the o,en market for repay
 ans ot ,oans and the coming needs of tha ,,,o,ev ,nar,ret tpere give promise that .i.e n,,.s;d r,arFss must resort to the k.,, -a ir ss'--,tscb would make an ad- ..a ,,s .h. hsr[1 rate effective in fol- lowing the prevtouS oiscou' ra'e "e" as the Exchanges saa ..,,,o .nd ,,is,dsd in svsnpathy with the late .aact;or ,n .toclrr a Total sales, par value sS oxs noo Ir,tted at@teg old 4s coupon ad- s.noad n ,,a,. re,,t a1n the last call.
 -
 New Work Stock Market.
 By Private WirP 70 Aurpny 0 ".