Evening star., 1901-04-29
Bulls Carried the Stock Exchange by
Storm Today.
new HIGH LEVELS REACHED
Pacific Stocks, Burlington and
Federal Steel Features.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK. April 29.-Saturday's bank
statement. showing an increase In reserve
and gain I'm cash beyond all expectations.
was the basis of a strong and unusually
broad market this morning. The trading
during the opening hour aggregated over
100000 shares, and advances were general
In all the active issues.
The new Steel shares were dealt In upon
an extensive scale, and advanced easily
under the impetus OF the demand.
The size of the individual lots was
markable. 1.000 and 5000 shares changing
hands at a single quotation. The serui-ofti-
cial report of earnings and the certainty OF
large seasons business inspired the best
outside demand recorded In these shares
since their being listed.
Union Pacific was advanced In a some
what sensational manner under enormous
dealings. The new convertible 4 per cent
bonds kept pace with the common stock
,or a time under correspondlnsly large
transactions. The common stock was
made to sell at 10 by . o'clock, the disre-
gard for prices being a conspicuous feature
of the demand. To get the stock 1T any
cost and make record seemed to be tho ons
point of concern.
Much was heard of the mysterious North
west deal and the Vanderbilt plans for the
future OF Union Pacific. but official utter
latfvely fashionable and many surprising
predictions are made as to its probable
high prices.
Southern Pacific was advanced to a new
high level and rumors were rife that Union
Pacific was to do sonnet hing substantial for
the shareholders of the former.
Northern Pacific was forced up smartly
during the morning, and a determined at
tempt to keep II in advance OF Union Pa
chic was noticeable for q time. Later I'm
the day the effort was abandoned largely
from motives of policy and partly because
of the apparent hopeessness of the task
The buying of St Paul Rock Island
New York Central and Pennsylvania WAS
called good and resulted In an increased
volume of business aud higher prices for
all the ISSUES named. The Burlington
transaction has created a new standard of
value and the leading trunk lines of the
country are expected To hold "A permanent
| ly higher plane.
| The Traction stocks were stronger, sud
gave evidence OF a new demand but as
heretofore. inside interests seemed To be
unwilling to give the upward movement
the right of way. There has been a steady
accumulation of these shares for several
weeks, and period Of activity for them is
reasonably certain.
The southwestern shares were strong bYt
no special advances We're recorded I'm them
The street inclines to the belief that some
time during the summer will witness pro-
nounced movement in these issues
Peoples Gas was strong under a big de-
mands based upon the adjournment of tha
Illinois legislature and the probable early
announcement of important plans
The market as whole was one of the
most remarkable of the year, and this In
spite OF the fact that there was certain
amount OF friction and Inconvenience due
to the new trading accommodations.