The Washington times., 1901-11-12
A BUOYANT TONE RETURNS
Trading in the Market Animated
and Extensive.
A General Tendency Toward Higher
Prices. Despite Rcnctions-anthra-
cite Stocks COnspicuOus-SteeI and
suyur Make Good showings.

NEW YORK, Nov. 1f-Another very
large days business was rolled UP in
the stock market today the dealings in
the forenoon being particularly animated
and characterized by a buoyant tone that
has long been absent from the trading.
All quarters of the market received a fair
amount of attention, and It was, the com
mon report of commission houses that
their business showed a mEcIr increased
degree of interest on thea part of Gus
toners. - u
Market movements were by no means
uniform and the advancing tendency was
punctuatod by occasional reactions,
while a number of important stocks failed
altogether to participate in the tenden-
cies commonly prevailing. At the same
time, taken ais whole, the market was
one of the broadest and strongest that
has been Witnessed in a long time. 1t
might be said at the outset that, broadly
speaking, the influence of the settlement
of the Northwest railway conditions con-
tinued the dominant factor in the Specu-
lation. on the other hand, other intlu-
ences conspired to stimulate speculative
sentiment. Thus, the money market was
decidedly easier, particularly in its time
loan dc partment, and the advancing rates
in sterling exchange were altogether ig-
nored.
The easier conditions in the money mar
ket sufficient evidence of the mis-
leading character of the figures of Sat
urday 5 bank statement. As noted
sterling exchange advanced, but the en-
hanced probabilities of additional ship
mcnts of gold with the course OF the week
were entirely disregardeu. So far as the
Northern Pacific situation was concerned
the idea appeared to gain ground tnat the
public would, for some time to come,
have to dispense with any official an
nourCement of the conclusion of the ne
gOtiaticns; but the disposition was evil
dent to be less eXacting in this last re-
Spect Official announcement may not be
altogether exped dent, and to all inJents
and purposes it is enough to know that
this most serious complication in the sit
uation at large has been virtually ad-
justed, Sundays semi-authoritatiye state
mcnts to that effect being commonly ac-
Cepted authentic. -'i
Except for the views in this last re-
gard, the weeks market opened with
nothing new bearing upon the hnancial
situation OF particular stocks London
furnished irregular changes in prices for
American stocks, and upon the opening
of business here, foreign houses appeared
as sellers, and disposed of about 5000
shares on balance with the course Of the
forenoon session. There was also quite
heavy profit realizing.
The anthracite coal stocks We're notably
conspicuous in activity. 1t might be not
ed that the rise in this quarter Of the
market was in spite of apprehcnsiOns or
, a serious result from the labor situation
in the anthracite coal district.
Aside from the, anthracite coal stocks,
the local traction stocks were among the
strongest features of the market. but
nothing whatever was presented in con-
n.ciioH wIJn the movements IN this di-
rection. Other strong and active features
Of the railway list were the Atchison
{ shares, Denver and Rio Grande. Rock
Island. ana Union Pacific preferred. st.
Paul and Union Pacific common, which
have participated only to a small extent
in the recent advance in prices, were
frmer and more active than for some
time. A number of the usually inactive
railway stocks likewise advanced smartly,
notable examples being the Chicago Ter
minaI shares. st. Louis and San Fran
/ cisco. st. Lawrence and Adirondack, and
| Chicago, indianapolis and Louisville.
In the Industrial quarter and among the
! specialties unusual activity prevailed,
/ which in nearly every instance was ac-
| cOmpanied 10y advancing prices. Among
/ th,. industrial stocks. Sugar Refining ana
| the United States Steel issues made the
! best showings. Noteworthy advances
! among the speGialties w6pe scored in Pa
Cific Mail Tennessee, COad and Iron, Am
| algamated Copper, American Car and
! Foundry, and American Locomotive.
/ Apart from encouraging adyices as to the
| business being conducted by these several
! companies. there was nothing offered in
! explanation of their special activity.