The age-herald., 1901-10-12
DEALINGS WERE
 LIVELY IN STOCKS RumorS of Proposed Plans for
 Consolidation UNION PACIFIC AND ST, PAUL Prospect of Farmers Buying the Latter Causes Speculative Enthusiasm. Bank Reserves Sufficient for
 the Interior Demands.
PACIFIC AND ST. PAUL

New York, October 11.-Great specula- tive activity continued in the stock mar ket today, but it was centered to large extent in the ns-continental stocks. led by St. Paul. which rose S& points over last night in the late deal- ings and closed one point below the best
 The appearance of the market suggest ed the days of last spring, dear to the memory of the professional speculator, when the absorption of a new railroad system or a new trans-continental com binatlon was rumored each successive day, and readily accepted In the credu- lous mood of the speculative world.
 The activity of today's market was largely due to the crop of rumors re- vived by yesterdays various reports of the proposed plan for consolidating the control of Northern Pacific, Great North ern and Burlington into one proprietary company. As a matter of fact, the off, fieial disclaimers this morning of the ac- curacy of the published reports and the prompt relapse in the prices of Great Northern preferred and Northern Pa cific preferred, had somewhat chilling effect upon speculative sentiment. The general accord of the current rumors in allowing that the stock of Northern Pa- cific itself was not yet provided for in the plan, the alleged provision for the retirement of Northern Pacific preferred, through which the control by the Harri- man interests is exerted and the asser- tion by representatives of the Hartman interest that that syndicate was not participant in the plan, seemed to open up vista of renewed contention.
 AS the day progressed there was a re- vival Of old rumors that Union Pacific was to acquire St. Paul in exchange for new bonds. In the presence of these pleasant old associations speculative en- thusiasm seemed to take fire. The buying of St. Paul was quite like its old-fash- ion boom days, Southern Pacific and Att chison were conspicuous followers. The extreme advance in Union Pacific was 23s, and in Southern Pacific 2A. Rock Island was up points at one time on light dealings. Missouri Pacific by no means kept pace with the other trans continental railroads. and the Gould stocks as a whole were laggards. The southwesterns were affected by poor earnings for the first week in October. Hero and there in the railroad list and the prominent industrials there were ad- vances of point or over, but the activ- ity and strength of the market were by no means general or well distributed The coa'ers and the so-called Morgan stocks. Including the United States Steel stocks. seemed to be a little affected and moved narrowly. M
 Expectation of a good bank statement was general, founded more on the tone of the money market, than on actual h. formation, and the showing will depend on the loan item, changes which are nec- essarily obscure. The feeling is growing that present resources of the banks are likely to prove sufficient to meet the further requirements of the interior for currency. The movement by express this week fell off over $30O0,0O0 from that of last week.
 This feeling was an influence on the strength of the market Commission houses reported little evidence of an out side interest in the market and the prin- cipal buying was attributed to large speculative interests.
 The railroad bond market was quite &C., tive and showed an increasing strength.
 Total sales. par value. $354O,00O.
 United States 5s coupon advanced A per cent on the last call.
 New York Stock Market,
 Ev Err.xr