New-York tribune., 1900-11-13
BIGGEST DAY FOR STOCKS.
\ MILLION AND \ HALF SHARES OF
1ID ISSUES RECORDED AS DEALT
IN-PRICEs CONTINUE TO RISE.

II IN q dull day now when a Stock Exchange
record isn't broken. and yesterday was from
every point OF view an exceedingly lively day
The recorded sales showed the tremendous total
OF 1908. .62O shares. the greatest number ever
dealt in any day in the history OF the EX-
change. and stock market authorities gave it as
their opinion that the actual sales were fully
Il per cent in excess ot that figure and the
trading took a wider range than on any pre-
ceding day, covering 119 different issues. The
greatest activity and the sharpest advance were
in the first hour, when the mass or buying oroeFs
which had accumulated over Sunday came into
the market for execution. Almost every broker
had more over-Sunday orders than could be
executed.
Operations scale without precedent
One thousand share lots were common, and
There were plenty transactions of 1000, 5000
and 1000 shares with here and there sales in
excess of these figures. Prices of many stocks
jumped and points more at the outset
and advances of a point OF more between sales
were uncommon. Every trading post had
its knot Of believing brokers. and the special
ists-men who make specially of dealing in
certain issues-were simply swamped with
orders The Sugar. Atchison and Leather
groups were so dense and quotations jumped
with such rapidity that brokers had literally To
climb over the backs Of their fellows to buy and
sell.
The purchasing demand came from commits
sion houses and from brokers for leading fnan-
cial interests from this city and from points
throughout the country. The heaviest transac-
tions early in the day were in the steel stocks
and other industrials. but about noon the stand
ard railroad issues were brought forward, There
was profit taking enormous scale. and
that selling, with slight furry in call money
rates caused reaction the day wore on.
The last hour continuation Of the realiZ-
ing movement. and prices went OF very gener-
ally in the weaker issues.
London continued its operations in this mar
ket long after the close on the other side. II
estimated that on the balance London
bought at least 5000 shares in this market
The closing while inclined 70 heaviness. showed
no serious declines. taking the last a whole
There were rumors that several brokerage
houses which had tried 70 bear the market
were in difficulties. but no failures were re-
portedo.
Federal Steel sold yesterday as high as 511z
and closed at 49i4 net gain for the day Of
three fourths OF per cent. International Paper
common touched 2Gi2. and closed 1 point lower.
with net advance Of one-f fourth Of per cent.
while the preferred gained "a points. Tobacco
went to 10 and receded TO 10Ii2. no change
from Saturday Tin Plate common sold up to
AZ. and closed at II. point net gain Steel and
Wire went 20 47a. closing at 455s. a net advance
OF fve-efghths Of | ner cent National Steel
common declined one-half Of per cent selling
up to 39&4, and closing at 31la. The meteoric
New-York Air Brake closed at 136. the high
figure Of the day, having advanced > per cent
Peoples Gas 102 and closed at 1V0I4. a
net gain Of las per cent; and Tennessee Coal
and Iron. after touching I2i2 closed at Ins4.
ia points above Saturdays last quotation.
Leather common sold as high lIl2 and closed
at Is, gain Of three-eighths of l per cent. on
total sales of more than 10000 shares Sugar
closed a 1912. net advance Of 1a4. Earlier in
the day it had gone as high as 1891. Brooklyn
Rapid Transit touched IFS and closed 6914.
a net gain of one-half OF | per cent, MetrOpOli-
tan sold high Ill. closing at 16Sls. a net
advance of only three-eighths Of | per cent, |
while Manhattan advanced one-half of 1 per
cent, the close being at 101as, a recession of ,
points from the highest of the day NewYork !
Central sold at 139 and closed unchanged from |
Saturday at 131Ss. Pennsylvania closed at |
HOS, a net gain Of IL. Baltimore and Ohio |
s.. and closed at S0l2, net gain OF
three-fourths of per cent. Rock Island touched
115. closing at 1137s, a net advance OF hve /
eghths of l per cent St. Paul closed at 122ls- /
advance Of one-eghth OF l per cent. Union !
Pacific preferred sold up SOl4, closing three
fourths of per cent lower. a gain Of lis for the
day Atchison preferred closed at ia, a net
advance of three-eighths Of l per cent, after
selling at 1875.