The daily morning journal and courier., 1902-04-19
Fii,aneia1.
 HE SI'OCk If 4 R A EI.
Varied Activity Yesterday -- Realizing on
 Advanced Prices.

| Advanced Prtces.
 New York, April 1S.-The varied ac-
 tivity of very large speculative forces
 was still manifest in the stock market
 to-day. The movement of prices was entirely characteristic of an active speculative movement under a we'll cen-
 tered and aggressive leadership. The dealings were on a larger scale than those of yesterday, and progress was made also in the breadth of the move- ment and the variety of the stocks dealt in. The average of the daily dealings l for the week has been brought up to impressive proportions, and, in fact, to level of sustained activity that was entirely unprecedented in the local stock market until last years new rec ords were established during the period of greatest speculative excitement. | There was nothing in the news to-day or in the general conditions and outlook to account for the manner in which new points of strength were constantly de- veloped, while the older points of strength were left to drift downwards
 
 of the demand for the purpose of real izing profits. Those stocks which spurt- ! ed laAe in the day yesterday and those which opened this morning with a viz orous upward movement almost without exception were subjected to realizing to-day and closed the day with small net gains below the best prices This was notably true of Atchison and of the anthracite coalers, and was measurably true of stocks which showed periods of strength later in the day. Broadly speaking, the leadership of the advance was shifted to St. Paul and then to Union Pacific, with a more moderate response among the other southwest erns and Pacfics.
 Southern Railway and Louisville fell into the background again. The bitu- minnus coal carriers enjoyed a period of strength and there were a number of wide advances among scattered indus trials and specialties. Colorado Fuel was active and strong on a speculative supposition that absorption of that com pany into the United States Steel cor pora tion had been assured as part of the settlement of the control of Louis vile and Nashville. International Pow CT was extremely cratic, but rose an extreme 10L presumably on the divi- | dend declaration yesterday. There were gains of between 2 and 2 points in | North American Peoples Gas, the Rub | Der Goods stocks, New York Air Brake, | American Snuff stocks, Fort Worth and | Denver City Stamped and Nashville, | Chattanooga and St. Louis. Burlng- | ton Cedar Rapids and Northern drop | ped 10 points 0n 6 single s7lo and Brook 1 lyn Union Gas 3
 AmalgamPted Copper was quiet. but ! somewhat depressed after yesterdays | dividend reduction. American Sugar [ was sold on the strength of the propos- ed amendment to the Cuban reciprocity i bill to rescind the differential duty on refined sugar
 The preliminary figures of the cash ! movement for the week indicating gain in reserve of over S1 500 000 and an easier tone in the money market were calculated to sustain the speculative The fact that sterling ex- change has ruled easy throughout the week in spite of large American sub scrptions to the new British loan Sssd |