The age-herald., 1902-04-18
SOUTHERN BY
 RELEASES SOME Was Under Pressure of Realiz-
 ing All Day ASSEMBLED BULL MARKET Whole Face of Trade Was Stamped by Profit Taking Going on
 Side by Side With
 New Buying.

New York Apri! 17.-Southern railroad tell comparatively into the back ground today taking a place well down Ill the list of active stocks The stock was uh- Ger pressure of realizing all oay, ai- though 1t made some recovery a1ter the official announcement late in the day on absolute control exercised over LouisVlile and Nashville by J. P. Morgan The somewhat equivocal terms In which the Information nas been given to the pubic regarding the settlement of the Louisville and Nashville dispute and the empnauic disclaimers by Southern Railway OFFICIALS of any interest on the part Of that roao in the settlement had left room TOT all sorts of rumors of possible further com plications, which 1t was thought desiraple to check Louisville and Nashville stock, also rallied strongly to % over last night after the statement appeared. It was regarded as a striking demonstration or the sure hold of the speculative situa- ton which has been obtained by the group of western millionaire leaders or th. market, that they should have been able to keep up the show of strength in the market in the face of reactionary tendency in Southern railroad and num- Der of other unfavorable factors As matter of fact, extreme animation and broadening show of strength were the features of the market bearing every resem blance to previous great bull mar kets. The irregularity due to active proht taking going on side by side with new buying was in evidence, marking the diversion of speculative profits from one group of stocks into another. The coal CTS were the most conspicuously strong stocks today, led by Reading which was dealt in on an enormous scale even after allowing for the reckonening In half shares or the par value of $50. Reports were circulated that secret agreement had been reached averting the possibility of a coal miners strike. Heavy buying orders for the headings and Fries came from London and the impression was conveyed that these were due to MT. Nor gan's presence there.
 The coalers all suffered from proft-taK- ing towards the last, ana the leadership of the market was shifted to Atchison, which rose finally to S4, followed by Colo II of Atchison was forthcoming in the er- ratio movement of that group The rather decided action of the grain market re- etricting msgivings over the weather conditions, was quite ignored in the trad ing. The reduction of Amalgamated Cop per dividend, which has been looked for ward to with apprehension for a long time, was totally ignored, and that stock itself was run up after the announcement of the dividend to nearly a point above last night, after having fallen IA. The stock closed with a fractional net loss United States Steel stocks were moved up a point after a long dormant period. Evi- dences of recuperaton in the local money msrket were a conserving influence on the speculation. The Sub-tr easury has contrib uted to the local money market by reason of large pension payments and consider able shipments of gold from San Francis co are coming in. The movement of cur rency from the interior Is in favor of New York, and the steadiness of the American subscriptions to the British consols issue do not threaten immediate further gold exports. The market closed active and irregular.
 Bonds were quite active and closed slightly Up.
 Tctal sales, par value, $5,3s0,000 United States old As, coupon, advanced s per cent and 3s coupon declined A per cent on the last call.
 New York Stock Market
 p, Erivata Wire in Murphv 4 Cn