The age-herald., 1901-11-17
BUYING CONGESTED IN 4 FEW STOCKS 7umorS of an Increased Divi-
 dend in Reading. SUGAR AFFECTS DEALINGS Railroad Bond Market Has Continued Broad and Active During the
 Week With Advancing
 Prices.
SUGAR AFFECTS DEALINGS

New York, November 16.-There was continued speculation for the rise today following yesterdays recovery rom Thursdays realizing movement, but the advance was interrupted by realizing again here and there and the buying was congested in a few stocks. mere was large and concentrated buying ot
 the Readings, accompanied by rumors that the company is soon to benefit by m increased dividend on its holdings of New Jersey Central stock. There was sympathetic strength in other coalers, including some of the soft coal carriers. American Locom otive stocks were in notable demand on reports of large or iers from all parts of the country Tne continental railroad stocks moved ir- regularly under realizing from time to time and there was sharp set-backs for the local fractions. Sugar, Amagamated Coppr and Peoples Gas unsettled the late dealings and made the closing ir- regular. Much stress was laid by bullish traders on persistent rumors that another large block of government bonds is pend ing. It was also rumored that the secre- tary of the treasury was about to raise the bid price for government bonds. No substantial basis could be discovered for either rumor The gain in cash reserves by the banks in spite of the large gold exports, was more material ground for confidence over the money outlook. The announcem ent just before the close of an engagement of $5O0,000 for export next n. 1av1 v4Naar upset a hope that the gold export move ment might be checked owing to the easier tone of money and the rise in sterling exchange at continental points.
 The details of the plan of settlement of the disputed questions of control in the Northwestern railroad would have been eagerly anticipated for several weeks past and this settlement has been the stimulating cause of the upward course of prices of stocks during all that period. Yet when the announcement of the plan was made this week prices of securities promptly turned downward and develop ed quite acute weakness This does not necessarily portend that the previous holders are going short. The recent course of prices shows that the terms of the settlement of the Northern Pacific quarrel were quite 9. accurately antici- pated, and in their essential details they had been published. In consequence the actual announcement attracted very few buyers of stocks. because the buying had : been done already. Such part of the buying as had been done with the desire iiof selling again at an advance made large , offerings for sale on Thursday with a re- sulting break in prices. Yet the North s ern Pacific settlement Is viewed with profound satisfaction throughout the financial world, both here and abroad s' The redemption at par of Northern i. Pacific preferred s understood not to fyield a substantial profit to Pacific se- scurities, as its large holdings of North sern Pacific preferred were acquired ac- .cording to common understanding at be- How par. The growing constriction of the smoney supply in the market had very Slittle influence on speculation previous do the rt alizing up m the Northern Pa scific settlement, but empha sized the dis position to sell after the reaction set In, as bankers were calling in loans and Hates advanced. So far as the domestic outlook is concerned money conditions have improved the receipts of currency from the interior irtt nding to increase land the payments by the sub-treasury on Account of government bonl demltions and on account of gold deposited at Pa :. : cific coast more than offsetting the re- quirements of the government surplus But the outward movement of gold to Flu rope has proved so large as to awaken anxiety.
 Uncertainty as to the extent of calling home of French credits may be consid- cred an unsettling influence until the sit uation Is more accurately defined
 The market fer railroad bonds has con- tInued broad and active this week at ad- vancing Irices for the post.
 United States As advanced h per cent over the closing bid of last week
 New York Stock Market.