The sun., 1900-11-11
WALL STREET is BOOMING.
THE TRANSACTIONS FOLLOWING ELEC.
TION tON1INJE ENORMOUS.
Yesterday, for . saturdN ~. Froke the Record
Some q the Dealers Who Have Made
Fortunes In the street. In the Last
F,w DAYS London Tumbles At Last.

Trading ip the stock market during the two
hours of bu unexs Yesterday broke not only every
SATURDAY record bat also every record FOR two
consecutive hours The transactions asgre-
gated sv2 100 shares which was at the rate OF
nearly $4,000 shares an hour. and, applied to a
full business day of Gv" hours, would mean
transactions Of about 2.c5O.UOo shares. Tho
figures far eNccedei the total Tor Tie greatest
business on a two-hour day last year. which
was SATURDAY,. MAY, i3, t!' dav OF lie panic IN
Flower stocks following the announcement OF
the death of Roswell y. Flower. When the re-
ported snlcs were 7i7.34, SHARES
There was cnormouJ selling of STOCKS vcster-
day to take prohts hat had accrued In the
upward rush in prices since election day buI
there was also new buying on a tremendous
scale The great rush to buy carried prices
up with il The biggest jump OF all was made
bv the stock of the Pacific Mail Steamship
Company which. on the news Of tho eiecuon
Of T. II Hartman Ia the boprd OF Dte,tors,
openei AT from As 10 81 and advanced ~ "d'..
Olh.r stocks that showed special buo! Hhoy
we're those Of the iron and steel man,iIS turing
companies, the Tobacco stocks. ni!nd states
Leather. tniled States Rubber. lnterha.s'na
Paper. Consolidated Gas aud several oi tIo
so-Cdlled spe, al les. H. well as many oI lLs
medium-prired RAILWAY shares
Of the a,s"ciatsd Lark might rot prove favos-
able wa instrumental in inducing some selling
early in the day bgt mi, selling was easily
arogs"G r5@ GOOD dcai y discussion There was
deere 80 III !cEol tender holdings OF ;2??SbV!
decrea,e IN cash Of tiOl5?po. which was IA good
deal heavier loss than had been expected At
the same time therc wa surprise in the loan
item which, nsiea! of inc easing az had Teen
expected. IN view Il the great increase in stock
market speculton decreased 50 e7S $50. which.
,,.s ,fs nm fad a
reserve. only decreasing si3i. $50. Az
other feature Of the day was a change In the
here on cqb" orders. as they lad done on each |
day pr yions 4lncn the eleclio2. the Iondon |
ar9itrase nrok ~ & wcrn hyrr, h OF sIo'S- 70 IN,
London'> business WAS 40 heavy on n saturday |
was In itself. an unusual circuinstl' g.. and |
that the London op'rttors wer" buyirg. In |
stead Of selling was construed in conirr ttiop |
Of the suspicious that have been entertained |
10y banking Interests h"re that, qnl,, q iargs |
Tor London account since election day was |
for short account, The ferex.ers would aP,
have commenced yesterday to beat retreat |
IN Anticipation Of The beginning Of the London |
Many Wall street operator. have made large
sums since eeetion day. and 1t is said that
among the ci.!el OF these are Jacob Field. sam |
Tas atss ses Str Fsfde Fd Who l Is H dmnSns nnG saas
prodict Of Isil street lie started MS busl- |
neS- career as n messenger
house lie managed TO save enough money |
10 DIy seat on the Consolidated stock and |
Petroleum EXCHANGE and by series OF bold |
operations conducted Jointly on that exchange |
and the Stock EXcsange he ran his wealth. |
originally about equal TO the prover6ial shoe |
string, up 10 million dollars
Mr. K.ene, II was rel orted Yesterday. was
short of stocks over election 'sN but covered
Mt once on Mcdnesday nornins and went long,
strr,ing in hnmediat,ly mon Srits OF re-
mar .suly sdcccs-fnl bullish OPERATIONS; Mr.
Smith il Of Chicago ana vas Identified with
lie American Tin Tlatc COM aLy's orcaniaa-
ton He and Mr Gates formerly CHAIRMAN
Of tie American St,I and Wire COM any.
are understood to have carried great guam
ttv O! stocks over election cay. J.. V Eeli
and ". Il. oliver. Jr. both prominent stock
a. srators have mace a good deal ~ morey
IIpon the advance in tie steel and iron shares
In tie curb market Yesterday Standard Oh
stock continued it, SersGtioudl climb upward.
Ii ~ ensi at SECS and quickly advanced 70 s72A
at which Il sale was made.