The age-herald., 1901-11-08
STOCK MARKET
 IS MUCH BROADER Aggregate Dealings Rise We'll
 Above Yesterday REALIZING IS ENORMOUS Bond Market Quite Active, But Reac- ton In Union Pacific Bonds
 Makes Otherwise Strong
 Market Irregular

New York, November 7.-Todays stock market was much broader and more di- versined than that of yesterday and the aggregate dealings rose, well above yes terday to near million and quarter shares. There was enormous realizing in the stocks which led the advance yester- day, especially in Union Pacific and St Paul, which ruled below yesterdays clos ing level practically all day, falling at one time IS for St Paul and IS for Un- ion Pacific. The heaviness of Northern Pacifics preferred which fell B on com paratively light transactions taken in connection with the reaction in the two stocks previously named, 1t would be sup posed might indicate doubt as to the Northern Pacific settlement the more so as no authorized statement of the terms of the settlement or even of it's actual cc cnsumnation can be had from any source.
 The conviction, however, remains strong in speculative circles that the agreement is in fact perfected, although nothing on the subject but acquicscent smiles or vague intimations can be had from insid-
 
 tape Is considered conservative and also that the Union Pacific and St Paul are to benefit substantially by the agreement, just how in the case of the latter stock, is not even intimated. The selling of these stocks, therefore, was accepted as due to mere realizing of speculative pro fits, while the market continued to ad- vance with vigor at other points. The forcing to cover of the bear interest in some of the specialties recently under pressure was an important influence in the advance conspieuously so in Amalga- mated copper. sugar and Peoples Gas. Among the trans-continental stocks the Atchisons alone continued the advance with any great show of energy. The common rose at one time 2as and South ern Pacific got 1h over yesterday, but lost 1t all on the reaction Gains of 319 in New York Central was a feature of the market and lifted with 1t a number of the Junior Vanderbilts.
 Lately current rumors Of pending concentration of the system and Increased distribution of profits were revived in connection with the movement. The state ment of October earnings for New York Central showing an increase of 1T per cent over those of last October, was also an influence. A number of statements of gross earnings for the fourth week in October emphasized the impression caused by yesterdays statements. The coal-carrying roads, both in hard and soft coal territory were in notable de- mand and show gains of 1 to 3 points. The United States Steel stocks developed strength at. gains of a point for the comfion and 1% for the preferred, on Qlpvpffu of in aa trade. There were many rumors flying of determination on the part of in- siders to advance these stocks. but the rise met with very heavy realizing, and the gains were largely wiped out. The movement to realize became very general before the close. and the advances were curtaild In all points and entirely wiped out In a few cases. The payments of the sub-treasury in redemption of bonds and for the deposit. of Australian and Klondike gold at Pacific coast points are 30 far offsetting the drain on other ac- counts that the money question Is kept in abeyance.
 The very substantial recuperation for the week disclosed by the Bank of Eng land also served to relieve apprehension over money affairs at Paris has been the real center of attraction, working tow ard depletion of gold supplies ct oth- CT points. The small increase in the banks supply Tor the week has been supple mented by a decrease of over s49, 000, 900 in bills discounted and contraction of nearly s36 0oo.oOO in it's outstanding cir culation. The market closed easy under the Influence of realizing.
 The railroad bond market was very active but the reaction in Union Pacific convertible bonds made an otherwise strong market irregular.
 Total sales, par value, $6,S1D 000..
 United tSates bords were all un- changed on the last call.
 New York Stock Market.