Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1902-04-16
MARKET REPORTS.
NEW YORK STOCK MARKET.
Features Of the Days Dealings in All
the Leading Stocks.

New York. April 15.-The dimensions Of
trading in Southern Railway stocks, TO-
day, cclipSed any ever before seen on the
New York Stock Exchange The total
number of shares Of common stock is H.
2O0g0. The dealings recorded in the
stock, today, were to the number of 1884,
800 shares. On April a, 1901. Union Pa
cfic was dealt in to the extent of G62 800
shares during the struggle between the
Morgan and Hartman interests in the
transcontinentai field. That figure was
FAR in excess of amy previous days deal
ingS in single stock until today.
The opening in Southern Railway was
quiet enough and the opening bulge in
Louisville d Nashville to nearly four
points over last night awakened some
momentary sccpticism of the overnight
reports of a settlement of the dispute for
control of Louisville & Nashville. Buy
ing orders appeared at once in Southern
Railway for seemingly unlimited amounts
of the stock. The movement in the stock
did not become wild at any time in spite
of the extreme advance of Ga points to
f0R. The reactionary tendency of Louis
vile d Nashville was also a convincing
demonstration that the struggle for that
stock had terminated and the scramble
to get out by the smaller operators who
had followed the deal carried it down by
successive stages to 1861. The last price
however, left it at 121, a net loss of only "A
point.
The reaction carried Southern Railway
back to 374 and it closed only 4 higher
a a net gain of 39s The preferred stock
gained "a. The extent Of the public in
formation when the stock market closed
was contained in the formal statemcn.
by the Gates clement that they had
bought control of Louisville & NashvilR.
and that they proposed to leave the SET
Element of the dispute to j. Z. Morgan &
Co. as arbtcrs. This was accepted rs
conclusive evidence that Southern Rail-
way would be benefited by the settle
ment.
The movements in Illinois Central and
in Chicago, Indianapolis & Louisville
We're directly in sympathy with Southern
Railway. IL is supposed that II inois Cen
trail will be allowed to share in the bene-
fit of the Louisville absorption and that
Chicago, indianapolis Il Louisville will
possibly form a connecting link to Chi
cago. The very large buying of st. Paul
was supposed to be due to renewal of
the campaign for a rise by the element
which bought Louisville There was some
strength in the other Changers and Pa
cifics and in Pennsylvania and Baltimore
& Ohio.
Amalgamated Copper advanced at one
There was notable advances in specialties
here and there. International Power riS
ing nearly y points
There was some stiffening of the money
rate again, but the continued calmness
of the money market through the day
lest the enormous speculation should de-
velop a stringency. The easing of the
exchange market indicated that borrow
ing in foreign markets was being freely
resorted to. Gereral considerations re-
ceived little atten one The market closed
irregular under realizing.
The bond market was irregular. Total
sales. par value, 81, $4,000. United States
bonds were all unchanged on the last
call.