The age-herald., 1902-04-05
STOCK MOVEMENT
 IS MYSTERIOUS Substantial Recruiting of the Speculative Element DEALINGS ON LARGE SCALE General Reaction at End of the Day Points to the Active Character
 of the Trading-Realiz-
 ing in Sugar.

New York, April 4-Today's stock mar ket gave unmistakable evidence of sub stantial recruiting of the speculative ele- ment The movement was a good deal Of mystery, both as to it's motive and as to the identity of the operators. Stock mar ket gossip attributed it to the same group of western capitalists to which many recent movements have been at tributcd and which has been supposed to be concerned in the present large specu- lative operations in the grain markets
 The days operations were on Tar larger scale than anything in the recent history of the stock market The dealings in St. Paul and Union Pacific were viv- idly reminiscent of the days of boom or last year. If the dealings in these stocks are added to those in Louisville and Nash ville and in Southern Pacific, 1t will be found that considerable more than one third of the days aggregate transactions are accounted for. It was not until late in the day in fact that much impression was made upon other portions of the list Such stocks as the New York public utilities, New York Central and Pennsylvania were then brought forward with spasmodic advances. In the final hour selling to take profits made heavy inroads upon prices and reduced all of the principal gains to fractional limits. The market closed dull but steady. There was no news to account for the sudden demand for stocks, al- though rumors were plenty pointing to a fresh readjustment of control in the trans continental railroad system. Rather the movement seemed based upon an assump- tion that the time of doubt and uncer- tainty over the outcome of the year was past with the largest requirements upon the money market, supposed to be met, and with the crops assured of good condition after the winter to start the season with Account for any such total of sales as those recorded in the principal active stocks today allowance must be made for the sale and resale many times of identical holdings.
 The general reaction at the end of the day also points to the active character of the speculation. Active realizing among many of the specialties recently advanced, conspicuously sugar and Colorado Fuel.
 Neither was there lacking the wide ad- vances in obscure specialties which have recently characterized the market. There was no change in the run of the money market except as indicated by loss of cash by the banks during the week of over S3O00. 900 to the subtreasury, which is offset by a gain on the interior move meht of less than a million dollars, the frmness of sterling exchange and the further decline in Paris rate of sterling point to gold exports next week. The local money market was quiet, however, and the forecast of the bank statement made very little impression on the stock exchange.
 There was an active demand for bonds, for which there was a good open market all day.
 Total sales, par value, $5,2S0,000.
 United States bonds were all unchanged on the last call.
 New York Stock Market.
 By Private Wire to Murphy & ca