The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1900-10-20
r. tuaMcxnl.
THE STOCK MARKET,
Activein All Glasses Yesterday.


New York, Oct. 19.-There was a very
lactive market for all classes of stocks
to-day in which the bull element early
secured the upper hand and maintan-
ed it with growing success throughout
the day. The rise in prices was so
considerable as to invite free profit talk
| ing during the closing hour OF the
market, But new stocks were picked
out for an advance with such good eff
| feet on the general list that 1T was able
| to obsorb a very large amount of the
offerings before any effect began to be
produced Prices ran off somewhat in
| the final dealings, reducing extreme
| gains to q considerable extent and car
ryng a few stocks including some of
the leading ndustrials below last night.
| The closing was thus made Irregular
| and very active, but the average level
of prices was considerably higher as
result of the days trading. The ad-
vance was contested during the early
part of the day, but not as vigorously
as yesterday. No further effect was
some quarters, without affecting any
actual declines. The bear opposition
appeared to be withdrawn when the
course of prices turned clearly in favor
of the bulls, and some Of the interests
which were large sellers yesterday turn
ed to the buying side. A fact which
could not escape notice was that yes
terday's rumor of further plans Of
anna gamation of the Vanderbilt proper
ties were heard nothing of to-day and
the concerted advance in the group
came to an end. In fact, New York
Central itself finished the day with
net loss and the same was true of other
members of the group. The Lake Erie
and Western stocks, however, moved
up in the early dealings and New York,
Chicago and st. Louis first preferred
gained an additional five points. 1t
was notable also that yesterdays up
ward rush in the steel stocks was not
continued to-day and several Of the
group ended with net losses, the i'm
portant exceptions being the American
Hoop stocks, the Colorado Fuel stocks
and the National Tube. Sugar and
Peoples Gas were affected by realiz-
ing. This turning from one point in
the market to another is a character
istc feature of professional operation
and manipulative processes, which
clearly played large part in to-day's
market. But it was equally clear that
the professional manipulation for the
rose had large success in attracting
outside buying, With the exceptions
above noted the strength of the market
was very general and the trading very
broadly distributed Special points
We're Atchison preferred and the gran
gers and Southwestern's generally,
Northern Pacific and Manhattan, with
the other local traction stocks following
in sympathy. The news of the day had
little to do with the advance. Prelin1-
mary estimates of the weeks cash /
changes of the banks We're decidedly
confused The direct shipments by ex-
press to the interior and the operations
of the banks with the New York sub
treasury indicate loss in cash of $70S.- /
600. This takes no account Of the gold |
which has arrived from Europe this
week and which may be too late to fig |
ure in to-morrows statement The ac- |
tiVity in the stock market seems to in
dictate an expansion loans.
The bond market was considerably
more active to-day and there We're some |
large gains Total sales par value, 81
125. 900.
United States new As advanced a per
cent. on the last call.
NEW YORK STOCK H4RKEr
Opening, Highest, Lowest Quotation
On the New York Stock Exchange, reported /
by Prince & Whitley, Brokers, Is Center
street, New Haven.