The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1901-05-09
FURTHER SENSATIONAL RISE IN
NORTHERN PACIFIC ON THE
STOCK EXCHANGE.
ADVANCE OF TWENTY POINTS
Price Reaehes-149 "a Late In the Day
. and Closes at 141-Union Pacific
Also Strong Favorite With Buyers,
but Other Stocks Change Littie-Ex.
traordinary Special Movements
Causing Uneasiness.
Causing Uneasiness.

New YORK, May o.-NoItneTu "a
biiic was again the feature Of the mar.
ket on the stock Exchange, rising to
149 ga late in the day. This was an
increase of more than 20 points over
the closing price Of the previous day.
The market was excited at the open
ing and prices started of with an
upward rush, as though the reaction
of Monday afternoon and the furry
in call money were to be ignored.
Even the declines In London had no
effect in discouraging buyers of stocks
from all parts Of the country. The
market soon took on a ragged ap-
pearance and became feverish. The
buying demand was palpably less
comprehensive than for some time
past. For one thing there was no pre-
eminent movement, such as has fur
nished the sensation of the market on
fluence of Mondays skyrocket move
ment in Northern Pacific was still pre-
ceptible in an advance of points in
that stock. Union Pacific sold at 1928
on opening sales of $4,000 shares, an
extreme advance of 3 SO. Canadian
Pacific rose 4 3-4 points and Sugar
3 7-8. The Pacifics, Changers, South
westerns and Coalers continued the
conspicuous feature, but break of
"a in st. Paul, points in Atchison,
2 IL in Union Pacific and the heavi-
ness of the United States Steel stocks
checked the bull enthusiasm and the
market quieted down. Northern Pa
cific. Canadian Pacific and Sugar
showed good resistance to the decline.
The support to special stocks in
duced the short interests to cover.
Canadian Pacific extended it's rise to
Z IL over the previous days close and
Northern Pacific had another boom,
selling up to 1875 IA. The preferred
stock advanced 10 points on unusually
heavy dealings. Atchison, Rock ISL
and, Southern Pacific, Missouri Pa
cific and Ontario and Western rose
from IL to ga. Speculation had
feverish undertone and there were fire.
quent relapses and rallies of from a
sharp fraction to over point in vari-
Gus leading stocks. The general mar
ket was quiet and did not recover to
the best. Bonds were irregular.
Later in the day Northern Pacific
repeated some Of the spectacular per-
formances of Monday, rising by leaps
and bounds to 145, an extreme ad-
vance of II IL, which was the exact
amount of Mondays net gain in the
stock. After a relapse of S points it
again rose to near 149 3d. The pre-
ferred stock also moved, rising 10 IL.
Canadian Pacific rose 10, Union Pa.
cific 6 1-8 and Rock Island 5. The
general market was not stirred to
at any time by these extra
ordinary special movements, and with
the dealings in Northern Pacific and
Union Pacific subtracted, the market
will be almost normal.
The violence of the advance in
Northern Pacific and the adverseness
Of the general market to respond to
1t were the causes of much uneasiness.
The stock touched 149 3-4 and fluc.
tuated feverishly below that level,
dropping back to al. Union Pacific
broke IL, st. Paul 10 and the prin-
cipal active stocks from to 5 points.
There were some feverish rallies on
the taking of bear profits, but the
market continued in disorder until
the close, with the undertone weak.