Omaha daily bee., 1902-04-16
NEW YORK STOCKS AND BONDS.
Trade Dimension in Southern Rail-
way Breaks All stock Records.

NEW YORK, April 15.-The dimensions
of the trading in southern. railway stocks
today eclipsed any ever before seen on the
New York exchange. The total number of
shares of common stock outstanding is
81, 200, 900. The dealings recorded In the
stock today were to the number of s64 800
shares. On April "A, 1901, Union Pacific
was dealt In to the extent of 662,S 800 shares
during the struggle between the Morgan
and Hartman interests in the transconti-
mental field. That figure was far in excess
stock until To-Day. The tremendous volume
Of these dealings dwarfed the rest of the
market, and yet there were a number of
other stocks in which the dealings were
on a scale only seen during periods of
great speculative activity.
The opening in Southern Railway was
quiet enough and the opening bulge in
Louisville e. Nashville to nearly 4 points
over last night awakened some momentary
skepticism of the over night reports of a
settlement of the dispute for control of
Louisville & Nashville. But the parties
in interest were already in consultation
when the stock market opened and there
was a scurrying of brokers from the neigh
borhood of the consultation rooms. lmme-
diately buying orders opened in Southern
Railway for seemingly unlimited amounts
of the stock.
wild at any time, in spite of the extreme
advance of Ga points to 4O1z. The reaction
airy tendency of Louisville & Nashville
was also a convincing demonstration that
the struggle for that stock had terminated
and the scramble to get out by the smaller
ried it down by successive stages to 125h
the last price, however. left It at 127, a
net loss OF 9nly a point; rod .. ,ho ,o.,
from the proht-taking on the part of the
professional element, which bought the
disposed to remain in it over night in face
of the many possible contingencies still
oPSedn IN the ~si5nation; The re REACTION S4j car !,
The preferred stock gained 81. per cent.
when the stock. market closed was con-
tanned in the formal statement by the
Gates element foeIsv that they had bought gnG con- .
they proposed to leave the settlement OF
the dispute to J. P. Morgan & Co. as arbi-
dence that Southern Railway would be
benefited by the settlement.
1.-The movement IN iIlnols Central and In
directly in sympathy with that in South
ern Railway. 1t was supposed that I'LL
the benefit of the Louisville absorption,
and that Chicago, Indianapolis & Louis
Vile will form a connecting link to Chi
cago. The very large buying of st. Paul
was supposed to be due to a renewal of the
campaign for a rise by the element that
strength in the other Changers and Pa
cihes and in Pennsylvania and Baltimore
Am~algamated Copper advanced at one
time over a point, but did not hold It.
There were notable advances in special
rising nearly u points. But there were
also points of weakness and outside of the
congested centers of activity there b was
notable demand for stocks.
There was some stiffening of the rate
again. but the continued calmness OF the
money market throughout the day relieved
the apprehension that was felt lest the
enormous speculation should develop a
stringency. The easing of the exchange
market Indicates that Borrowing in foreign
markets was freely resorted to. General
considerations received little attention
The market closed irregular under realiz.
ing.
The bond market was irregular. Total
sales. par value, A,029, 900. Bonds were
all unchanged on the last call.
The following are the closing prices or
the New York Stock exchange: