The age-herald., 1901-11-02
STOCK MARKET Is
 STILL UNSETTLED Sub-Treasury Buys Bonds to Amount of $1,287,000 AFEW STOCKS SHOW GAINS Baltimore and ohio Conspicuous In the Late DeaIIngs-southern Rail-
 way Is Strong, Also the
 Car Companies.

New York, November 1.-The prevailing unsettlement of speculative sentiment was well illustrated by the widely diverse opinions expressed as to the effect Of the renewal of government purchases by the treasury. The wavering sentiment shifted somewhat to the optimist side late in the day, when 1t became known that the of ferings of bonds at the sub-treasury al ready amounted to $1,287,000, thus promis- ing considerable relief to the money mar ket It was urged this morning that the action of the secretary of the treasury might be taken as a warning of strengt, in the money conditions to come, al- though the months surplus reviews of s9. 1901, ,902 compared with a surplus last October of only $9,651,067, gave sufficient ground for the outlay in the bond pur- chases without any regard to extraneous circumstances It was also urged that the release of treasury funds would simp- ly serve to facilitate the exports of gold.
 The closing of London and Paris ex- changes today served to obscure some what the question of the foreign situation and gave an opportunity for number of favorable incidents to work with cumula- tive force The result was a rather anil mated buying movement in the last hour, which turned the market strongly up- ward and left prices at the top level of the day. few stocks show striking gains and the leaders in activity are a point above yesterday in a number of cases.
 Baltimore and Ohio was conspicuous in the late dealings and it rose 2% without definite news Pennsylvania had the ben eft Of the extra dividend declaration thus making the return to stockholders per cent. for the calendar year or the same as last year. The preliminary fig ures of the movement of more cash dis closed the fact that the current of the interior movement had turned toward New York, the net gain as a result of direct express shipments amounting to $1S5O,S77
 The statement of sub treasury onera- tions includes in its net results the pay ment on account of gold at Pacific coast points; the transfers of currency through that institution and the withdrawals of gold for export which affect loss to the banks or $5,925,OOO. The loss in cash by the banks on all accounts seems, there fore, to be something over $20O0,OOO for the week. The condition of the money market and the action in the stock mar ket Is pretty clear intimation of strength by the. banks, so there be changes in the loan item to offset the cash losses. Today's cotton exports were again very high, reaching 10S0OO bales e and the wheat exports for the week have run up to 6,673000 bushels It is believed /, that an active movement of cotton abroad would be most effective towards impress ing exchange and checking. the export of gold There was number of conspicuous movements in less prominent stocks. Minneapolis, St. Paul and Sault St. Marie rose 4; the preferred 10; Pere Marquette, 4; Chicago and St. Louis first preferred, 31a; Glucose 2B; National Salt preferred, 4; New Central Coal Company and Wells aFrgo, 5; Northern Pacific preferred gained 2, and Great Northern preferred 1% The local fractions were strong and the Southern Railway stocks, Louisville and Nashville Central, Hooking Valley and the stocks of car companies showed strength. Sugar was heavy on the cut In price by competitor and Evansville and Terre Haute dropped 4.
 Railroad bonds were quite active and irregular. Total sales $2,SO000O (par value) United States 3s advanced IA; refunding 2s and old As #, the 5s A and the new As h per cent on the last call.
 New York Stock Market.