The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1899-11-03
EtmaMcrul.
THE STOCK M 4 RK E2.
Takes ON show of Great Animation and
strength.

strength.
New York, Nov. 2.--The stock mar
ket took on a show of great animation
and strength to-day. Some very strik-
/ ing net gains resulted from the days
trading A close analysis shows, how
ever, that the activity and strength
We're concentrated In comparatively
few stocks. The general list, though
higher in price at the closing to-day,
developed little activity. The opera
tons, which in the aggregate We're
large, amounted to total of $4,000
shares Sold were largely confined to the
professional element. The upward
movement was obviously based unon
the notably easier tone of the money
market. The largest operations were
by powerful pools and strong financial
interests which have at command
money resources outside the usual
money market circles. The prevailing
opinion in Wall street Is that prices of
stocks would move upward easily If the
obstacle of stringent money We're re-
moved. The large outstanding short in
terest in stocks has been palpably I'M
easy for some time past and any midi
cations of relaxation in the tightness of
money makes them inclined to cover
their short contracts. The professional
pool. operations in number of promi-
nent stocks to-day were obviously d.
rected against the bear contingent and
with good success. 1t Is very probable,
however, that the large buying at other
points Is based on expectation of a rise
in prices on account Of a growing pub
lie interest In stocks 1t is the period
of the year when, under normal cir
cumstances, the extra uses for money
in the moving of the crops begins to
show dirnunition, releasing large funds
for employment in stock speculation.
Outside the highly speculative indus
trials the movement in the railroads
centered in the southwestern group.
The special strength and activity in
Southern Pacific helped the southwest
erns and was based on current runors
OF REIMBURSEMENT of control. The be-
lated movement in cotton was factor
of strength amongst both southern and
southwestern railroads There were
special movements besides in Cleveland
c. e. and st. Louis and In Chesa peake
and Ohio, and some demand for the
coalers, The upward movement in the
iron and steel stocks encountered diff
ficulties as did that in Brooklyn Tran
sit Speculation in Leather continued
on an enormous scale, the stock rising
an extreme Ia Sugar was also very
prominent and rose al one time five
points. There were notable movements
in Standard Rope Peoples Gas and
Manhattan. The extent of the advance
invited heavy realizing, especially dur
ing the last hour and some stocks
showed reactions of between / and 2
points from the highest. The general
tendency was yielding in spite Of
fresh advance in Southern Pacific to Al
ga and In Chesapeake and Ohio 81. The
upward impetus at the opening was
caused by higher quotations from Lon
don, and the effect was exaggerated by
the circulation of canard alleging a
disastrous defeat Of the Beers at
Ladysmth. Manipulation for the rise |
was very apparent all day.
The bond market was active and |
strong, the demand being very well dis
trbuted. Total sa1es, par value, So
395, 900 H"i
United States old fours advanced IA
and the threes, new tours and fives is |
in the bid price.
VIEW YORK STOCK MARKET.