The age-herald., 1901-11-12
SPECULATI)N IN STOCKS IS ACTIVE Demand for Bonds Outside of Ordinary Dealings HEAVY RAILROAD BUSINESS Coal and Iron Regions Cry for More cars-lron Mills Shut
 Down From Lack
 of Coke.

New York, November 11.-There was another day of broad and active specu- lation in stocks today and a large and well distributed demand for bonds, out side of tho extraor dinary dealings in some of the convertible and speculative bonds. 1t is notable in this regard that while the dealings for the last week in stocks were still below the large busi- ness for the corresponding period of last year, the par value of the bonds dealt in last week exceeded those of the corre- spending period of last year by over s. 100000 The demand for stocks today was exceedingly varied, as was the move ment of prices owing to the fact of the buying demand shifted to new quarters and realizing of profits proceeded ac- lively in iasc weeks favorites taking ad- vantage of the sustaining force of the new favorites. The dealings continued to a large extent to remain in profes- sional hsnds, although there was some shown by orders through commission houses. While the professionals dominate the market the news of the day, as it in- fiuences stock speculation, Is likely to be distorted in it's perspecti e to suit the prevailing sentiment of the speculation.
 Today the Northwestern railroad set clement and the Vanderbilt plan of mer- ger, which furnished the material of the bulls during the last weeks rise, fell into the baclgr ound decidedly while discus- sion became very active on the favorable prospects in the coal trade, the iron and steel trade ha oxyff.a 0rdfnarv pi1- road traffic, of which reports are heard on all hands In accordance with this tendency the coal carriers and the iron and steel industria/ made conspicuous advances today while the professionals sold the trans-continental stocks and the VanderbiIts to take their profits. Aft CT the unprecedented outlays of the past year for incrsAss and improvement of rolling stock anG equipment. the fact that an actual car famine exists in many parts of the country Is conclusive evil dence that the business offering to the railroads is greater than ever before.
 From the coal and iron regions comes the cry for more cars, many iron mills being reported shut down for lack of coke and raw material. Grain receipts are said to be small because of lack of cars to move them. This accords with the reports that the overwhelming rail road t1 affic Is largely made up of general merchandise due to the activity in trade in all lines. The urgent demands for freight cars and other forms of railroad equipment made the movement today in the car and steel industrials a natural corollary of the movement in the railroad stocks. Today's conspicuous advances will be seen to have centered In the an- thracite and soft-eoal carriers and in the car and steel industrials. Hooking Valley with a rise 8A. American Car with gain of and several others with or more points to their credit were conspicuous in the movement. Sugar and Amalgamated Copper were affected by an active de- mand from the shorts and both stocks were very largely dealt in for Boston account Chicago and Eastern Illinois jumped points but reached 5. Union Pacific preferred rose points, and Great Norshoxn preferred and Northern Pacific preferrsa moved strongly upward at the last on revived reports of an early settle ment Sentiment continued confident over the money outlook although foreign exchange continued strong and additional gold shipments are expected later In the week. Realizing became very general ili the late dealings but numbr of rallies made the closing irregular
 The bond market was very active and generally strong. The convertible and speculative bondG, especially Standard Rope G s rose four and a half. Total sales par value $6625.000. United States re- funding 2s declined II and the old As advanced 1A per cent on the last call
 New York Stock Market.