The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1900-10-25

New York Uptown Gossip.
Furnished by J. c. GoinEs Commission
Trade. Topeka
New York. Oct. 25.-Bun sentiment Is
more pronounced than ever, and stocks
are being hoisted at a rate that causes
shrewd operators to look upon the move
markets pace has been pretty rapid all
week. but IT. broke the record yesterday.
How long the bun pools viii be able -
keep this thing up is a problem quite diff
ficult Of solution. but the popular impress
back for some days. Not this week az
any rate. Outsiders have become an inn
portant factor in the market and are buy
ing their favorites more literally than IA
any time during the past six months. Ac-
cording as the pools reduce their holdings
the public stands ready 10 take Them
There is great activity all through the
street. Commission houses are being
flooded with orders and every office in
town where the quotations are posted arc
crowded with people watching the hue-
are arrayed on the bull side. The bears
have been so thoroughly routed that not
H is the ' one feature Of The st
uation. the absence Of this element. Bulls
to be all one-sided and TO be the fact U.s.
due the fear entertained in some quarters
that the advance is about 10 cuiminate.
Old experience operators lnNafiAuly To-
gin to secure their profits when they 81
evidence become one sided AFFAIR. There
the good Of the market Now that manip-
ulatorS have succeeded in getting the
public started they viii DO their utmost
to make things interesting. Dead timber
viii be resurrected and given more promi-
hence than the reputable stocks. Etl-
dence Of this is already at hand. IN the
furry in Pacific Mail. Well informed nau-
pie consider IL quite improbable that bar
riman syndicate has acquired control q
the company The story that the North
ern Pacific is to pass into the control Of
Great Northern is being circulated by par
ties who are supposed to be carrying a
large line of the stock Of the former which
was bought some months agO when Il sold
In the sixties 1t is evident that the Ger
man owners of the stock do not believe
this story or they would not be so anN-
ious to sell out There viii be no IN
crease in the dividend this year. ~ the
conservative element In the directory can
prevent it, The earnings Of the road GER
tainly do not justify higher rate than
begins to subside this stock will be for
sale at least five points lower. There Is
no news on Union Pacific common TO
warrant the great strength in it, For
at home is of an excellent character. Peo-
pie who are not in the habit Of making
Wild predictions are willing TO risk their
reputation that the stock VIII sell well up
in the sixties after the election. The buy
ing of Atchison common increases. This
issue IS more popular than the preferred
of the best bargains among the five per
cent stocks. II is stated on very good
authority that holders of the common will
receive a dividend Not a large one, but
one that Will be sufficient to cause "a fur
Their appreciation in the price OF the stock.
Investors are perfectly safe In buying It.
Sugar is a purchase on every break OF "a
couple, Of points II Mckinley IS elected
higher. All stocks are lower than they
were a year ago, but the bulls predict that
the difference viii be fully made up. un-
less Bryan is the next president.
r. N. HUDSON.