The Washington times., 1901-10-31
MANY VARIATIONS In TONE
Irreguiarity in Trading and Gen
eral Price Movements.
ImpntiSncc Among Wall street
Brokers Over Delay i'm Settling the
Northern Pacific SituatiOn-The
Anthracite shares show Activity.

NEW YORK. Oct. SO.-Today's stock
market continued steady. generally speak
ing although both the trading and the
price movement were characterized by a
good deal of iTr, gularity as to activity
ana direction. Attention was almost en-
tirely eagrossed with the general state Of
affairs grouped under the head of the
Northern Pacific situation. and no definite
information bearing thereupon was forth
coming.
1t might be noted, though, that opinion,
bast " -,son both the plain reasonabieness
OF such view and the more or less au-
thoritatiVe intimations as To the existing
state of affairs, veered strongly toward
the direction that a satisfactory settle
ment could be counted upon. and further,
that o. scope of the arrangement would
be more far-reaching than has been COM
monty suspected.
Negotiations of the tremendous import
ance Of those involved in such a matter
require a great deal of time and iaiinite
labor in their working out Compromises
and concessions are necessary, and an in
finite number of legal points have to be
considered. In short, Wall Streets i'm
patience at the apparently slow progress
in the solution of this great question is
ment shall have been arrived at it will
be found a permanent one. and further
more, as noted, it may be found that in
that settlement matters far beyond the
reach of Wall Streets imagination have
been included.
Todays dealings bore a strong resem-
blance TO those OF yesterday in their quick
variations of tone and sudden outburSts
OF activity followed by comparative stag
nancy. In today's market the bulk of the
activity was furnished by the anthracite
coal stocks. which were notably firm. with
sonG extra ordinary advances appearing in
the hiEficr priced issues notably in New
Jersey Central and Delaware, Lachawanna
and Western. Naturally, however. the
bulk of the activity was furnished in the
dealings in Erie, Reading, and ontario ana
NeSttTn. and all Of these stocks showed
substantial advances. The present abun-
dart prosperity in the anthracite industry
mighT be cited as the most reasonab BILE
basis fer the movements noted, and, in
deed, no considerations of novelty we've
presented in connection with the course
of th1se stocks.
Interest is keen as to the action soon
to be taken upon the dividend on Della
ware and Hudson for the ensuing year.
and it is also considered not improbable
that the nagementS of the New Jersey
Central and the Lackawanna may see
their way clear to making larger returns
TO their shareholders. The so-called Van
derbit stocks. while strong, did not again
furnish the striking movements that they
did in yesterdays market The strongest
features of This group today were Cleve-
land, Cincinnati, Chicago and st. Louis
and New York. Chicago and ST. Louis
There was no change in the character Of
the discussion which accompanied the
movements in these stocks.
ST Paul and Union Pacific. while steady
did not occupy the conspicuous position
which they have done of late. In the
early dealings there was a smart advance
in Northern Pacific preferred, which was
accepted as additional evidence of the sat
isfactory progrc SIS of the negotiations
bearing upon the Northwestern railway
situation.
W hile the money market was shade
hrmer in both quarters, chiefly because
of the week gold shipments. which now
aggregate nearly S3.0e0 900, neither the one
matter nor the other appeared to cut
much figure in the days dealings. The
European stock markets were unfavorably
influenced by the beginning of the gold
shipments from this country, but foreign
houses continued TO sell mode rately here,
and disposed OF upward of 5000 shares
during the morning session.