The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-11-12
THE ACTIVITY CONTINUED.
ADVANCES WERE REALIZED
There Was a Large Distributive Demand
for Bonds Outside OF Extraordinary
DEALINGS in Conyertib!es.

New York November 11-There was an.
other dag of broad aud active speculation
In stocks today and large dlstributive
demand for bonds outside OF the e1traor.
binary dealings in some Of the convertible
and speculative bouis II IS potable IN
this regard that while the dealings for the
last week Ia stocks werc stil below the
large business for the corresponding period
81 last year, the pat value Of the bonds
dealt In last week exceeded that Of the
corresponding period 'ast year by over
$4,000
The demand for stocks today was exceed
ipgly varied. as was the movement Of
prices owing 10 the fact Of the buylng de-
maud shifting to new quarters and real
lZlng OF pronts proceeded actively In last
week fANorites taking advantage OF the
sustaining force Of the new faycri@s- The
DEALINGS continued TO large extent 10 re-
mDin IN professional hands. although there
were some accession Of speculative interest
today shown by orders through commission
houses. While the profeS sionals dominated
the market, the news OF the day Influences
stock speculation ana Is likely TO be dis
torted to suit the preysiling sentiment OF
the speculation.
Today the Northwest railroad settlement
and the Vanderbilt plan OF merger, which
Furnished the material Of The bulls during
the last weeks rise. fell into the back.
ground decidedly. while discussion became
the coal trade. the iron and steel trade
and the extraordinary railroad traffic Of
which reports are heard on all sides. In
accordance with this tendency, the coal
carriers and the iron and steel industrlals
made conspicuous advances today while
the professionals sold the transcontfnental
stocks and the Fsnderbilts to take their
After the unprecedented OUTLAWS OF the
past year for increase and improvement of
rolling stocks and equipment. the fact that
"a n raa
Of the country Is conclusive evidence that
the business Offering 10 the railroads Ia
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 10 be small he
cause OF lack Of cars 10 move IT, This
accords with the reports that the over
whelming railroad traffic Is largely made
mp Of general merchandise. due TO the activ'
The urgen. emand for freight cars and
other forms OF railroad equipment made
the movement today In the car and steel In
dus'rlals like that Of railroad stocks. To
days conspicuous advances viii be seen e
have centered in the anthracite en- soft
coal carriers; and ln the car ana steel In
~ American Car preferred. with a gain
- and several others with 2 or more
= q their credit were conspicuous n
ir aud Amalgamated Copper were af
tefpt by nm active demand from the
-NfF{e. ana bOtn STOCKS were very largely
dealt In for Boston account. and East iii
nois Jumped points. but reacted 5. UuioT
Pacifc preferred rose points and Great
Northern preferred and Northern Pacific
rreferrcd moved strongly Ipword at the
last revival OF IN early settlement
Sentiment continued confident over th'
money outlook, although foreign exchange
continued strong and additional gold ship
ncnts are expected later In the week. Real
ling became very general on Interest II
the dealings but number Of rallies made
Abe close Irregular.
The bond market was very active and
Kenerally Btreng, tina convertible and 6pec