The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1901-11-12
THE MARKETS.
Wall Street Review.

New York, Now 1I.-Thcrc was another day Of
broad and active speculation in stocks today and
u large and well distributed demand for bonds
outside of the extraordinary dealings in some Of
tho 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 business tor the corresponding period OF
last year. the par valic of the bonds dealt IN
last week exceeded those OF the corresponding
period of last year by over SS,OoC,Ooo. The de.
mand for stocks today was exceedingly varied as
was the movement of prices on account of the
fact that tho buying demand shifted to new quar-
tcrs and realizing OF profits proceeded actively
in last weeks ilNoritcs, taking advantage of the
sustaining force Of tho few favortcs The deal.
ngs continued to large extent to remain in
professional hands. although there was some acccs
sion of speculative interest today shown by or
dcrS through commission houses. While the pro-
| fessional men dominate the market. the news OF
the day as IT influences stock speculation Is
likely to be distorted in its perspective to suit
the prevailing sentiment OF the speculation To-
day the Northwestern railroad settlement and the
Vanderbilt plan Tor merger. which furnished
the material of the bulls during tho last weeks
rise, fell into the background decidedly, while
| discussion became very active on the favorable
aspects in the coal ,radc the iron and steel trade
and the extraordinary railroad traffic, Of which
reports are heard on all hands In accordance
with this tendency the coal carriers and the iron
and steel industrials maze conspicuous advances
today while the professionals sold the trans.con
tncnial stocks and the Nandcrbilts to take their
profits. After the unprecedented outays of the
past year for increase and improvement of rolling
stock and equipment the fact that an actual car
famine exist in many parts OF the country, con
elusive evidence that business is heavier than
ever before. The urgent demand for freight cars
and other form sof railroad equipment made the
movement todn! in the ear and steel n,iStrals
Il natural corolaIy OF the movement in the rail.
road stocks. The days conspicuous advances will
be TO have Ccnteicd IN the anthiacitc and
soft coal carriers and in The and steel indus
trials. Hooking Valley, with rise of Amer
lean Car preferred with gain Of I, and several
others with gains of two o, more points 10 their
credit. conspicuous in the movement. Sugar
and Amalgsmatod Copper were affected by an
active demand from the shorts. and both stocks
were very largely dealt i'll for Boston account.
Chicago and Eastern Illinois Jumped nine points,
but reacted five. Union Pacific preferred {
points and Great Northern preferred and Northern
Pacific preferred moved strongly upward at the
last on revived reports OF an eaiiy settlement.
Realizing became very general in the late mar.
kct. hut number Of rallies made tlc closing
irregular. Total sales today, i.0si.1o0 shares.
The bond market was very active and generally
strong, the convertible and speculative bonds cspc
caly so. Standard Rope Is rose ~. Total sales
par value. ST G2j.00O
United States rci,,nding 2s declined Il. and the
olds As advanced Is per cent on the last call.