The age-herald., 1900-11-21
NORTHERN PACIFIC
 LED STOCK MARKET Dealings in Western Railroad Se-
 curitieS the Feature PRICES CARRIED UPWARD General List Responded, But Profit Tak- ing Kept Some of Prominent Stocks Back-The, Close Was Animat-
 ed at the Top Level. 
PRICES CARRIED UPWARD

New York, November 2O-It is not often that a movement in the. stock market at tains the volume and price movement of that today in the Northern Pacific stocks. Occasionally in the past there have been sales in single day of an imposing ag- gregAte of some of the largely capitalized western railroad systems of which the float ing supply in the market is always much larger than in the more established rail- road properties in the earlier settled por- tions of the country, but the very fact of the very enormous floating supply of these stocks hampers the price movements. To- days sales of the Northern Pacific and Union Pacific according to the customary approximate calculations, POI 800 shares for the common stocks and 75,S00 shares for the preferred stocks, total of 77,iO0 shares. - The common stock rose an extreme 6A, and the preferred 6h. Various causes doubtless served to congest the speculation in these stocks For one reason there was but lan- guid interest in the general market, and the eager army of operators and spectators who watching for available opening, failed to find any until the movement in Northern Pacific developed. The volume and character of dealings in the, stocks, how ever, precluded the idea of purely specu- lative operation. No authentic news was disclosed to explain the movement of such rumors as was heard, being prompted by 1he efforts to explain by guess work
 The movement in Northern Pacific had dominant influence the whole market and pulled 1t up effectuafly from the re- actionary tendencies, which had overborne it during the early part of the day. This was due to the heavy profit-taking and very large selling for London account, after light buying movement for that account in the early dealings. It is believed that very large shipments of stocks, and es- pecially of Northern Pacific, which have been sold for foreign account since the election, are now on the ocean, This would create a temporary shortage in the sup ply available for borrowing purposes, and would add materially to the embarrass- ment of short interest. The profit-taking continued to a degree even after the gen. eral tendency had become strongly up- ward, and some of the prominent stocks practically failed to respond at all.
 The movement in the iron and steel stocks was exceedingly irregular, and a number of other A cialtles which have recent not able adyanCes, hung back today. As a con- sequence the day net changes were exceed ingly uneven, and not few declines were mixed in with the notable gains. The con SpicuouSly strong StockS besides the North ern PacificS, were the Union Pacific, Great Northern preferred, the Atchison, Missouri Pacific, Denver and Rio Grande, and the Baltimore and Ohio. Among he industrialS and specialties the steel and wire stocks, Federal Steel tobacco, Peoples Gas, sugar and international paper were conspicuous. After sharp reaction on profit-taking, the Northern Pacific rallied carrying the whole market with them, and the closing was very animated and buyant at the top level.
 Proft-taking was in evdenct in the bond market, and prices are generally lower To- tai sales, par value, 3,025,000.
 United States 3s, coupon declined Ac, and the new 4Ob. The old As advanced b per cent on the last call.
 New York, November 20-Money on call steady at 3h@5 per cent; last loan 31Rc; prime mer paper 4Q5 per cent; sterling exchange steadier with actual business in bankers bills at $4.S45s for demand and $4.1 for 60 days; posted rates $4.S2 and %S51a; commercial bills, $4S0Rs silver cer- tifcates, 64AQ65c; bar silver, 64c; Mexican dollars, 50hc; government bonds irregular; State inactive; railroad bonds easier.
 New York Stock Market.
 By Private Wire 70 Murphy 6 Col