The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1900-10-25
Financial.
THE STOCK MARKE T.
Busy Day for Professional 0perators-A
Weak Close.

/ WEAK s1Ose.
New York, Oct 24-To-day's broad
and active market and the wide fluc-
tuations in prices offered excellent op-
portunities for speculation and all
classes of professional operators were
very busy all day. The broadly defined
movements which dominated the action
of the whole market were themselves
under control of powerful speculative
ciques, and there were indications of
cooperation between the pools which
We're manipulating different portions of
the market Following this effective
leadership, and busily occupied in
bringing forward the less prominent
stocks in the list to conform in price
to the changes In the leaders, was a
host of small traders and board room
operators who were in and out of the
market many times during the day
The strictly commission house brokers'
had their full share of the days BUSH
ness, orders coming in in large volume
from various sources. The latter ele-
ment offered the effective medium for
the success of the efforts of the profess
SIGNALS. That there was very large
selling of stocks during the day to this
outside element became increasingly
manifest as the day progressed. When
the buying demand had been pretty
well satisfied and many of the profess
sional traders had sold out and taken
their profits, they took advantage of
the soft condition of the market due
tp 10 ~ et,% +,
to weaker hands to put out short lines
for turn. The resulting decline in
prices increased the pressure to realize
and the market closed active and weak
at level materially below the best,
but with some striking net gains never
theless remaining. The backbone of
the days market consisted of the
strength of the trans-continental group
of railroads lying beyond the Missouri
river. Many runlors were afloat this
morning calculated to stimulate the
buying of these stocks. One story had
it that the Pacific Mail had passed to
q Hartman Vanderbilt control as
step in the formation of a great
through transportation line from the
Atlantic seaboard to the coast of Asia.
a settlement of the long standing con-
troyersy over rights in the Clearwater
Territory, in which there has been a
truce between the Northern
Pacific, Great Northern and Union Pa
citic. A lease of Northern Pacific by
Great Northern with a 4 per cent. dvi-
dend guarantee on the Northern Pa
clflc common stock is an example of
the character of the rumors which
were heard. Northern Pacific and
Great Northern themselves We're sold to
realize on an enormous scale and the
former stock, with the exception of a
brief interval was held below last
nights level all day. But the other
members of the group and Pacific Mail
were very buoyant during the early
large speculation also in Pennsylvania
and it was intimated that the dividend
rate might be increased next month.
The strength from these stocks radiat-
ed throughout the general list with
greater or less effect Active buying of
Sugar helped the rise in the special
ties. No official confirmation was
forthcoming of any of the days rumors
and representatives of the Huntington
estate distinctly discredited the allega-
ions regarding change of control in
Pacific Mail. That stock after rising
10 broke 4 IA points, having no small
influence in the weakness of the whole
list in the late trading. Other leaders
n the advance suffered to the extent of
to IL points. OF more substantial
I,a, of IA