The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1900-11-17
THE STOCK M1RKET.
Tone of Trading and Showing OF
Strength Very Substantial.

New York, Nov 16.-Although to-
days business in stocks did not reach
to that of some days of last week in
point of volume the tone of the trad
ing and the showing of strength were
the most imposing and substantial that
have been made since election. There
was steady and persistent absorption
of stocks of the best character, with
legitimate speculative prospects of in
creased earning power or increased Sc
curity by reason of added earnings for
junior securities. In the early dealings
the speculation showed disposition to
look for leadership, and powerful lead
ers We're at hand to inaugurate invN-
ing advances in prominent stocks in
almost every distinctive group on the
exchange. The absence of realizing
pressure as the advances were made,
encouraged the growth of the demand
and strength was disseminated all
through the list. The eastern trunk
lines and the coalers were rather con-
spcuous exceptions and were not
largely traded in nor widely moved
But there was no positive weakness
manifested even there. There was no
important exception to the upward
course of prices and amongst the
stocks of railroads all through the
list. The eastern trunk lines and the
coalers were rather conspicuous excep-
tons and were not largely traded in
nor widely moved But there was no
positive weakness manifested even
there. There was no important excep-
ton to the upward course of prices and
amongst the stocks of railroads all
through the south and west including
the trans-continental lines, the strength
was astonishingly uniform. There was
a railroad stock traded in
within those limits that did not gain at
least point. Not few rose points
or over while Burlington and Atchison
preferred gained respectively 5-S and
8 IA. The soft coal roads also made a
good show of strength. The preferred
stocks of reorganized railroads were
evidently the favorites in the specula-
ton from the way one after the other
was brought forward into the trading.
Those with prospect of increased divi-
dends and those already receiving their
full dividend rights seemed to be in
equal favor. The iron and steel stocks
were notably strong and in Colorado
Fuel the gain was 1-2, in Tennessee
Coal ga and in Hoop preferred 3 IL.
others of the group gained points or
upwards. The local traction stocks and
The high priced industrials were strong
out were not conspicuous. General
Electric got up another AZ points,
Gas as much, Brooklyn
Union Gas 4 Ia, while New York Air
Brake made one of its characteristic
ky rocket flights Of 25 points, relaps-
ng half that amount. The growing |
strength of the market was evidently !
lue to the determined buying of the |
lass which held aloof from the excited |
rading after the election, confident
hat reaction must come which would |
cave the market healthier, even though |
It higher prices. A number of favora- |
lie circumstances also converged in |
he days news. Advance sheets of the |
rade reviews for the week expressed |
o roseate a view of the outlook for
,eneral trade as to stimulate specula-
i've sentiment quite notably Fore