The Washington times., 1901-11-09
A CLOSING RUSH TO BUY.
Railways Show Up Strong After
the Early Dealings.
Considerable Late Activity in st.
Paul and Union Paciiic-I rSvard
Movement in observation-disclosures
inous Roads Conspicuous Features

NEW YORK. Nov. S.-The continued
strength of the market today could
scarcely be referred exclusively to the in
nuence of the Northern Pacific settlement
question because the two stocks the move
ments in which have heretofore been
chiefly influenced by that matter were
comparatively heavy throughout the fore
noon. namely, St Paul and Union Pacific
In the early dealings both stocks showed
pronounced and effective pressure, while
the remainder of the list was decidedly
strong.
With the course Of the day. however,
heavy buying orders appeared in Doth
stocks. under which they showed re-
vival of the strong tendencies which char
actcrized them in the earlier part of the
week The features Of the market in re
spect Of sustained strength were the At
chisons. the Rio Grande preferred, Lou
isville and Nashville, New York Central,
PENNSYLVANIA, and Rock Island
The so-callod junior VandeTbilts partici-
patcd to some extent in the strength in
New York Central and reports continued
current that a plan looking TO readjust-
ment of the relations between the Van
derbilt properties would be soon an
nounced. As regards the movements in
the other stocks cited. there was nothing
that was novel in the way of news or
gossip to be suggested. in fact, notwlth-
standing the strength and activity which
prevailed in the general market. there was
little or nothing in the way OF news to
which its tendencies could be referred
As was the case yesterday, interest was
exceedingly well diversified, and the gen
erel proportions Of the trading indicated
no little revival in outside interest Ac-
tive manipulation was apparent in several
directions. but on the whole the dealings
presented q healthful aspect.
The hituminous coal stocks were again
conspicuCus features Of the market, with
substantial advances showing in Ncrfolk
and Western. Chesapeake and Ohio and
Hooking Valley. Active dealings We're
conducted in the anthracite group also,
but with less striking results in respect OF
price movements. All OF the Southwest
ern Railway issues continued very firm,
notably for St Louis and Southwestern
and st. Louis and san Francisco
The local traction stocks, while not
notably ACTIVE continued very steady.
The dealings in the industrial quarter de-
Neloped no features of interest, and
among the specialties the only consplcu-
Gus movements were in Pacific Mail ana
Peoples Gas. The transactions IN the
last named stock disclosed an oycr-eX-
tended short interest. ana the advance In
Pacific Mail was again based on the pros
poets for the enactment of shipping
subsidy bill at the approaching session OF
Congress.
London again furnished materially
low range OF prices for American stocks,
and foreign houses continued to sell in
this market disposing Of about 5000
shares of stock. There were no signifi-
cant changes in either the money or
foreign exchange markets.
eThe comparativeiy easy conditions in
the money market suggested that to-
morrow's bank statement might make n
more favorable exhibit than has been
commonly expected, and notwithstanding
the weeks exports of gold and the move
ments of money in other ways, the pre-
lirninary estimates indicate that the banks
have lost less than S1.0j0CoO on balance
with the course Of the week.