The sun. [volume] (New York [N.Y.]) 1833-1916, 1900-11-13
STOCKS BOOMING STILL.
YESTERDAY THE BIGGEST BULL
DAY KNOWN ON THE RxCH tN0E.
The Geusrai Fables Desir- to Buy Continues.
and the Aggregate Of Transaction Was
l~.5ll.A13 shares -London's Attitude Tow
ard the New FORK Market lntereatlng.

The Geaerai Pubiics D~sir- to Buy Continues,
and tn. Aggregate Of Transaction Was
l.5ll.A13 Shares -London's Attitude Tow
ard the New York Market Interesting.
All records for big bull days on the stock
Exchange were smashed yesterday. The total
OF the reported sales was i.7I4,423 shares. and
the actual business done was undoubtedly
larger by many thousands OF shares, for on
every big day on the Exchange many trans
actions are missed by the official reporters
and not sent out over the tickers. The total
OF but one day-the panic day OF Dec. IS. 1909.
when the reported sales aggregated i.7o4.+5o
shares-exceeds yesterdays total. The trans
actions represented not only tho record bull
day but their distribution among various
issues was the widest ever known. There
were $50 different stock issues dealt In. and
In the cases OF ITO OF them transactions oc-
CURED OF 100 shares or more-something never
before known.
Ihe general. public's desire to buy stocks
Continued. and while there, was tremendous
selling TO realize profits on the bull side Of the
account there was equally heavy fresh buy
Ing absorbing these offerings. The London
arpitrage dealers participated in the buying
Ia the early dealings, aud In numerous instances
prices touched the highest figures since the
post-etection boom set In. London. however.
turned ssller of about $1,000 shlros later In the
day, la the afternoon the effect Of the heavy
realzlns sales was seen In g reaction which
and ranged from 20 ? points.
There was a slight furry In money rates in the
late afternoon and this helped to induce profit
taking and some selling for short account.
Money loaned on call a high as S per cent,
with ~, per cent. tine ruling price. In the flnal
dealings In the stock market there were come
recoveries from. the lowest prices made on the
afternoon reaction, with the market closing
excited aud irregular. but with only moderate
A great deal Of interest continued to be taken
In London's attitude, concerning. which the
following statement was made by a Wall street
man yesterday:
London dealers sold calls upon about oOo, 600
eharee Of various American stocks before cleo
ton day. II is the habit of the London option
dealers 10 buy one half Of the stock that they
and often they buy the stock from the same
party who buys thtir calls. particularly In cases
OF Dig trades, This regular course was pnr,-
calls had been sold being bought In October
At comparatively low figures. With the nd
vance In Tho market on the dav after the Aneri-
flnt the option dealers looked upon i AZ an
advantageous move to sell them ard this wns
the cause Of the sale NJ more than 10000 shares
Gav -S Of last {" week a9H Which 1 immadi,fely 'F followed
option dealer, in American stocks now stands at
been carried over er' to What IS called in London
the bulk of the settlements wa. due today
was wrons. the settlement beginning today
The lltlmo settlement comes at the end Of ,thi.
month. This makes the London dealers
p%G.i,iT1 do.bly dsnSsreGs Gomp"T1sea iv with vii,
IDENTITY thought that when they threw 10000
shares Of stock. on the New York market. 1t
would he able 70 hold MP. but they failed 70
has easily absorbed all their selling, so that
II Inns made no impression whatever