The age-herald., 1901-10-24
BROKERS DEAL IN
 BUT FEW STOCKS Si' Paul, Union Pacific and
 Southern Pacific / s#sr-
 SUGAR IS NOTABLY STRONG Strength of the Market Is Based Upon Idea That Northern Pacific
 Controversy Will Be
 Settled.
SUGAR IS NOTABLY STRONG

New York, October 2s-Speculative ac- tivity today was largely confined again to a few stocks but the field of action shifted from the vanderbilts and Chicago and Northwestern to St. Paul, Union Pacific and Southern Pacific. An over whelming proportion of the days total business was in these three stocks The aggregate dealings rose considerably over those of recent times and as the day passed the market showed broadening tendency in sympathy with the sustained strength of the three leaders Chicago Great Western came conspicuously into the movement later in the day and achieved an extreme advance of 2M on very heavy dealings, closing at the high est. Other stocks reacted somewhat from the top influence, partly by a break over 4A in Chicago and Northwestern pre- ferred, St. PauIs extreme rise of points, Union Pacific 2K and Southern Pacific a point Among the stocks to come for ward late in the day were members of the soft coal grop and the Southwest ,rns with gains Of to 1h. Sugar was also quite notably strong. rising i$. and inter- national power advanced 2k.
 The early weakness of the market was quite generally overc ome by the late ad- vance. Amalgamated Copper which fell 3 points In the morning closed with a net loss or only 1h. There were some large selling in the stocks an1 it vas affected by the weakness of raw copper In Lon dsn. The local fractions and Peoples Gas were also prominent in the early depression. Glucose fell two and a half and the preferred two under raids by the bears and Hooking Coal was forced down sih With subsequent recovery. There was some continuance In the eail ly deal ings of yesterdays strength in the Van derbilts New York Central rising 1h, Chicago and Northwestern and the pre- ferred 3A, but the movement was not continued after the reaction n the mar ket. There was no specific news to &C., count for the action of the market, but 1t was undoubtedly based upon the as- sumption that the negotiations now in progress will result in the settlement of the Northern Pacific controversy with benefit to the whole transcontinentaI rail- road situation. The neglect and tagging tendency in the Pacifcs did not seem to '= disturb this conviction. Neither did the apparent contradiction found in the in- sistance of the retirement of Hill, that the Great Northern Is to be consulted In the matter of control for the Burlington system as well as Northern Pacific. These insistencies are regarded as the vantage ground to be shrewdly held while the process of bargaining Is still going on, as it undoubtedly Is. Burlington was quoted in the closing at 190 to ,19S. The continued movement of currency to the South and the prospect of $1O,O00, ,o000 payment to be made this week on account of the Po- cahontas coal consolidation did not seem to disturb speculative sentiment. As be- tween $1000, coo and S2 100000 of this pay ment Is to be made to foreign owners, an additional factor Is disclosed ir the srecent, firmness of the exchange market. That market was somewhat easier today, notwithstanding the advance in London discount on account of the loss of more than $2,0O0,000 additional in gold to the continent
 The bond market was quite active and broad and prices as rule advanced. Total sales par value $4,670,00
 United States refunding 2's declined A and the old fours E per cent on the last call.
 New York Stock Market.
 Rv Prfvafe wire to Murnhy q Ca