The daily morning journal and courier., 1900-11-10


 of Wall Street Great Activity and
 Sales.
 New York Nov. 9.-The stock market today in regard to the business done was one of the most remarkable in the history of Wall street. The total sales reached 100000 shares, almost equal ling the sales record of 1,794, ,000 made on December Is, 1899. There were none of the enormous individual transactions which showed in the excited trading Neither was there the synchronous movement of the whole market which was so conspicuous on Wednesday, in- cluding the brief period of reaction af- ter the first upward rush of prices. To- days market, on the contrary was ex- ceedingly varied and irregular all day, and the furious activity continued with out interfnission or abatement from the opening till the close. The first trans actions showed prices of some stocks pushing upwards, while others yielded sharply to the pressure of realizing sales. Different stocks and different groups of stocks were successively brought forward into the advance and successively yielded to the pressure of profit-taking sales, while spectators rushed to another group, transferring their profits from one quarter of the market to be invested in another. Noth- ing could be more characteristic of genuine bull market in full swing, and the fact that the rotation of the specu- road group again before the day had elapsed added to the confident senti- ment for the advance,
 At the opening and during all the earlier part of the day the railroad stocks were distinctly under pressure. Northern Pacific and the whole of the Pacific group, as well as Pennsylvania, ruled under last nights closing level. But under the sustaining influence of the strength in other points of the mar ket the profit-taking in the railroads including continued heavy selling for London account, proceeded without se- rious impairment of prices. The local traction group and the mercural in- dustrials, including Sugar and Peoples Gas, continued yesterdays upward rush for a time and then succumbed to prof 
 Speculative interest shifted to the steel stocks and ultimately carried most stocks In that group upwards from to over points, the latter figure for Steel A, The demand for these stocks md their gains were, on the whole, the most conspicuous and well-sustained of he day. The coalers advanced as a group, Reading first preferred leading with a gain of 25s. They were followed 1y the grangers, Missouri Pacific, Bal imore and Ohio, Norfolk and Western, some of the southern railroads and dur ng the last hour Sugar and the Pacifics 
 The forecasts of the weekly cash | ,hanges of the banks were not alto sether reassuring, but as the cali loan | ate failed to give any warning indi- | atiOn of scarcity of funds the specu- ative activity was continued up to the | Jose, but with some signs of unsteadi- ! less in prices. The course of currency las again turned towards the interior, | md this, together with the government | everue requirements, seems to have ! nore than offset the receipts of gold. 7he loan item is looked to to explain he status of the banks. The large unds offering during the week were in art due to the disbursement of quar- erly dividends and interest money, but there were also large mounts, released from other sources which had been tied up for safety over he election.
 The pond market was strong, active nd broad to a degree corresponding .itn that for stocks. Total sales par glue S4 ,690,000.
 United States new fours advanced F CT cent and all other issues except the egistered threes 14 per cent. on the last all.