The times. [volume] (Richmond, Va.) 1890-1903, 1901-11-12
SPEC,lII II0IylN !
Toe Ks ACT I'VE
There Was Also LARGE and Vide
Demand for Bonds.
MONEY OUTLOOK Fl ENCOURAGING Q . n!
Realizing Became General in Late D:al-
ings, but Number Of Raj
lies Made the Closing 81
irregular. s3S'
.(ByE Associated Prcss.l

s NEW YORK, Now H. There was an
other. day Of broad and active speculation
ssin;s stocks to-day and 5a5largesano wei qis-5
extraordinary dealings in some OF the con-
lverri5ic and speculative bonos. Itistn6ta-
bic in. and this regard that while deal
sings last Week for stocks We're still below,
the large business for the corresponding
period Of last year, the par value OF st1te
bonds deaitsin last week exceeded those
to-day WITS .exceedfngi y:Nar ied ,Sas was the;
movement o f prices owing totthe fact that
the buying demand shl1tedSto new quar-
ters and realizing of profits proceeded &C,
lively in last week S favorite, taking adj
vantage OF the sustaining force of the new
favorites.
The dealings continued to aIarge extent
to ernain in professional hands, although
there was some accession Of speculative
interest today Shown by orserss through
commission houses. While the rroIes.
the day as IL Influences stock speculation
is likely to be distorted in It's perspective
to suit the prevailing sentiment OF the
speculation. To-day the Northwestern
Railway settlement and the Vanderbilt
plan of merger, Which furnished the ma
terial of the bulls during the last week
rise. fell intosthe background decioe.ly,3
while discussion became very active on
the favorable prospects in the coal trace, Z
the iron and steel trade and the eXtraor-
binary railroad traffic, of which reports
are ledEu on dtf LII CciiASS1loii sNA'
this tenoency the coal carriers ane :i.e
iron and steel industrials made consplc-
uous advances to-day, while the profess
sionals sold the Transcontlnentai s.oGks
After the unprecedented OUTLAWS or the
past year for Increase and improvement u
rolling stocks and equipment, the fact
that an actual car famine exists in many
parts of the country is conclusive cyl
de;ice that 1.-The business offering to- the
railroads is greater than ever before:
From the coal and iron regions comesstne
cry for more cars. many iron mills be-
ing reported shut down for lack OF coke
and raw material. Grain receipts are e "a
to be small because of lack. q. OF cars TO
move them. This accords with the re,
ports that the Overwhelming railroad
trafficsis largely made up Of EgeneraiSme T. +
=chanofss, duc to the activity in trade IN
t,t urgent demands Tor frs,S ut
cars afd 4other5 forms .of railroad eqnlp-s
1nent made the movement today n the
car and steel industrials naturaiee9Ioli,,
ary of the movement in the rallroad
stocks The days conspicuous advances.
will be seen to have entrance6 in the hard
and soft coal carriers and in the car ana
steel industrials.
money outlook although foreign eXcha'!ge
continued strong and add1tlonal solo 81 T.
5ments are expected later IN tine We 5tI.
Realizing became genera insthe -laIe;
dealings but a number Of rallies 4.nnJei
the closing IRREGULAR ~
The bond market was very active hn1
Speculative bonds especially SO. Standard
Rope G's rose AZ. Total sales: mar vau ne.
ST, CO., 600 United States. reminding IS
declined and the old As advanc':d ~
=pcr cent, on the last call.
Total sales Of stocks to-day were J, tso,-
70 shares.
MONEY AND EXCHANGE-Money,, :. on On
call closed firm =ata3AMi per cent. last
loan. 3ai 7per. cent; prime mercaa-tle r'.i er.
4lIdi5s per cent. Sterling exchange Stlfng
with actual business in bans s!s1 nls St
&. Is.fnosted rates. 81 S41b0l4. 80 ana 81 IS;
conmerciaI bills s4.ssK@4. SLY Par sill
Yer, J71k;s Mexican dollars. 40 .io,er9-
ment bonds Irregular. State bolcs l.ac-
tive; railroad bonds strong.