The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-11-10
DBYI0 Be MEMORABLE
Shapes Traded in l,554,000;
Different Stocks, III.
FURIOUS IN ITS ACTIVITY
Lots of Money Hidden Before
Election, Is Released.

New York, Nov. 9-Today viii remain
a memorable one IN tbs history Of the
stock exchange, by reason Of both the
amount and the great variety Of TIE
business done. The agg gate nLmher 81
shares of ali stocks Ira1el in footed up
no less than 1554.o00 SHARES Of listed Is
sues and the number u different stocks
dealt in amounted 70 IT issues. tt ere
were none OF the enormous indiyt3'sl
transactions which showed IN the e&cited
trading and extensive 0uyInz o. Wednes-
day Neither was there taa synchrorous
movement Of the whol5 market Thica
was so conspicuous On Vs IL ssday. ID
Guiding the brief period % reaction after
the first upward rush OF prices Hodcy's
market, on the contrary, was exceeding
~ varied and irregular all cav aad the
furious activity continued without inter-
mission or abatement from the opening
till the close The first transactions
showed sharply to the pressure Of reaIiz-
ing sales Both movements proceeded
with undiminished vigor and with entire
disregard Of divergent tendencies at
work. Different stocks and different
groups Of stocks were successively
brought forward into the advance and
successfully yielded 10 the pressure Of
proft-taIung sales, while spectators
rushed to another group. transferring
their profits from one quarter of the mar
ket to be invested in another. Nothing
could be more characteristic Of a genuine
bull market In full swing, and the fact
that the rotation of the speculation
brought around into the railroad group
again before the day had Ispsed added to
the confident sentiment for the advance.
At the opening and during al he earlier
part OF the day, the railroad stocks were
distinctly under pressure. Northern Pa
cific and the whole Of the Pacific group
as we'll as Pennsylvania ruled under last
nights closing level But under The sUs-
tanning influence Of the strength ia CHER
points in the market, the proht-IaiSlng IN
the railroads. including continued heavy
selling for London account. protested
without serious impairment Of prices. The
local traction group and the mercural
industrals, including Sugar and Peoples
Gas, continued yesterday upward rush
Tor a time and then succumbed 70 the
season of proht-taking. Speculative in
etrest shifted to the Steel stocks, and
ultimately carried most stocks in that
group upward from to over points.
the latter figure for Steel and Wire.
which came late into the movement. The
demand for these stocks, and their gains.
were on the whole the most conspicuous
and well sustained Of the day The Coal
ers advanced as a group. Reading first
preferred leading with a gain of . 5-Sc-
They were followed by the Changers.
Missouri Pacific, Baltimore and Ohio.
Norfolk and Western and some of the
southern railroads and during the last
hour Sugar and the Pacifcs generally.
The forecasts Of the weekly cash
changes Of the banks were not altogether
reassuring, but as the call loan rate fall
ed to give any warning indication of a
scarcity Of funds, the speculative activity
was continued up to the close, with some
signs of unsteadiness in prices. The
course Of the currency has again turned
toward the interior. and this together
with the government revenue require
ments, seemed to have more than offset
the receipts Of gold The loan item is
looked to explain the status OF the banks
The large funds Offering during the week
were in part due to the disbursement Of
quarterly dividends and interest money.
but undoubtedly there we're also large
amounts released from other sources
which had been tied up for safety over
the election