The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-11-12
LIVELY BOND BUYING.
SPECULATION IN WALL STREET
CONTINUES BROAD AND FREE
IN scoPE
DEMAND COVERS MANY LINES
Professionals Rather Dominate the
Market. but Commission Houses
Are FactOr-IndustriaIs
score Heaviiy.

NEW YORK, Nov. n.-This was an
other day of broad and active specula-
ton in stocks, and large and well dis
tributed demand for bondSS outside of the
extraordinary dealings lin, some of the
| convertible and speculative bonds It is
| notable In this regard that while the
dealings for the last week in stocks were
still below the large business for the cor
| responding period of last year, the par
value of the bonds dealt in last week
exceeded those of the corresponding Pc
Rod of last year by over IS, 0OO,OU. The
demand for stocks today was exceeding
ly varied, as was the movement of prices
owing to the fact that the buying demand
shifted to new quarters and realizing of
profits proceeded actively in last week s
faverites. taking advantage of the sus-
tanning force of the new faYorites.
The dealings continued to large ex-
tent to remain in professional hands, al
though there was some accession of Spec
ulative interest today shown by orders
professionals 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 senti-
ment of the speculation.
Today the North Western railroad set
Element and the Vanderbilt plan of mer-
ger which furnished the material of the
bulls during the last weeks rise. fell into
sion became very active on the fapora-
| bic prospects in the coal trade, 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 induStriafs made ,conspic-
uous advances today, while the profess
SIGNALS sold the .transcontinenta1 stocks
and the Vanderbilts to take their profits
Demand for Cars.
After the unprecedented OUTLAWS of the
past year for Increases and improve
| ment of rolling stock and equipment, the
fact that an actual car famine exists in
many parts Of the country is conclusive
evidence that the business offered to the
| railroads is greater than ever before.
From the coal and iron regions comes the
cry for more cars, many iron mills be-
ing reported shut down for lack of coke
to. be small because of lack of cars to
| move them. This accords with the re-
ports that the overwhelming railroad
traffic is largely made up of general mer-
chandise, due to the. activity in trade in
all lines. The urgent demands for freight
cars and other forms of railroad equip
ment made the movement today in the
car and steel industrials a natural corol-
larry of the movement in the railroad
stocks.
The days conspicuous advances will be
seen to have centered in the anthracite
and soft coal carriers and in the car and
steel industrials. Hooking Valley, with
a rise of 3A; American Car preferred,
with gain of a. and several others with
OF more points TO ecTed1L were COH-
spicuous in the movement. Sugar and
Amalgamated Copper were, affected by an
active demand from the shorts, and both
stocks were very largely dealt in for
Boston account. Chicago & Eastern IL
linois jumped points, and Great North
ern preferred and Northern Pacific pre-
ferred moved strongly upward at the last
on revived reports of an early settle
ment.
Sentiment continued confident over the
money outlook although foreign ex-
change continued strong, and additional
gold shipments are expected later in the
week. Realizing became very general
in the late dealings. but a number of raj
lies, made the closing irregular.
The bond market was very active and
generally Strong, the convertible and
speculative bonds especially so. Standard
Rope IS rose ~ Total sales par value,
Sc, 6s5,000. United States refunding Is de-
clined H. and the old As dyanced IS per
cent on the last cali. ~ ss7ss
Stock s. tssse{, -