The age-herald., 1902-04-19
STOCK MARKET
 IS STILL ACTIVE Average of sDaiIy Dealings Brought Up Enormously SMALL NET GAINS AT CLOSE Southern Railway and Louisville and Nashville Fall Into Background Aeain-AmaIeamated Copper
 Quiet But Depressed.
SMALL | NET GAINS AT CLOSE

New York, April 18.-The varied activi- ty of very large speculative forces was still manifest in the stock market today. The movement of prices was entirely characterized by an active speculative movement in well centered and ag- gressive leadership. Dealings were larger than those of yesterday and progress was made also in the breath of the move ment and the variety of stocks dealt in.
 The average of the daily dealings of stock has been brought up to enormous proportions and in fact, to a level of sustained activity that was entirely un- precedented in the stock market until last years new records were established during the period of greatest speculative excitement. There was nothing in the news today or in the general conditions and the outlook to account for the man her in which new points of strength were constantly developed while the older points of strength were left to drift downward or were subjected to a judi cious feeling of the demand for the pur- pose of realizing profits.
 Those stocks which spurted late in the day yesterday and those which opened this morning with a vigorous upward movement almost without exception were subjected to realizing today and closed the day with small net gains below the best prices. This was notably true of Atchison and 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 to Union Pacific with a more moderate response amongst the other Southwest erns and Pacifcs Southern Railway and Louisville and Nashville fell into the back back ground again.
 The bituminous coal carriers enjoyed a period of strength and there were a num- Der of wide advances, scattered indus trials and specialties. Colorado Fuel was active and strong on a speculative sup position that absorption of that company into the United States Steel Corporation had been assured as part of the settle ment of the control of Louisville and Nashville. International power was ex- tremely cratic, but rose extreme 1OA presumably on the dividend declaration yesterday. There were gains of between 2 and points in North American, Peo- ple's Gas, the rubber st tocks, New York Air Brake, the American Snuff stocks, Ft Worth and Denver City, stamped, and Nashville, Chattanooga and St. Louis. Burlington, Cedar Rapids and Northern dropped 10 points on a single sale, and Brooklyn Union Gas 3 points. Amalga- mated Copper was euist but somewhat de- pressed after yesterdays dividend reduc- tion. American sugar was sold on the strength of the proposed amendment to the Cuban reciprocity bill to rescind the differential duty on refined sugar.
 The preliminary figures of the cash movement for the Weel k indicated a gain fin reserve of over $l,500,o00, and an easier tone in the money market was calculated to sustain the speculative movement. The fact that sterling exchange has ruled easy throughout the week in spite of large American subscriptions to the new Brit ish loan and some selling or the securi- ties here on London account, while the supply of commercial bills of exchange is notably scanty in striking evidence of the large credit resources of this center in foreign markets. The market closed active and irregular The activity in stocks has diverted interest from the bond market. and was rather dull and irregular. Total sales, par value, $5.975000. United States 3s coupon advanced f per cent and the old As coupon declined 1s per cent on the last call.
 New York Stock Market.
 By frivate Wire To Murphy G Ca