The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-11-09
TRADING Is ACTIVE
Volume of Transactions ir
Stocks Falling OFF,
CLOSE Is IRREGULAR
Conspicuous Points, Strength
Prevail Throughout.

New York. Nov. s.-There was falling
off in the volume OF transactions in to-
days stock market. but the speculation
continued notably active There were
conspicuous points OF strength through
out, but the general list moved irresu-
larry and number Of prominent stocks
were at different times above and below
last nights level. Realizing was very
large in stocks which have been strongest
recently following the custom OF the mar
kct for some time past. Notable in this
respect were the Pacidcs and St. Paul
An effort was made at one time 10 re-
new the upward movement in these
stocks with q resulting advance IN St
Paul OF !? over last nights level. but the
advance met fresh realizing and vas
wiped out. Union Pacific's movement
was similar. New York Central made
another notable show Of strength at an
extreme advance OF 81. Rumors continue
current OF the early adoption OF plan
for a proprietary company 10 hold the
stocks OF the Vanderbilt railroads. Penn
sylvania and its subsidiary stocks formed
, another center OF strength, except Balti-
more and Ohio, which was reactiOnary on
realizing, and the Wheeling and Lake
Eric stocks moved IN sympathy with this
I SOUTHWESTERN
generally strong TO the accompaniment OF
reports Of large earnings and pending In
/ creases in disbursements. An active de-
mand continued for Louisville and Nash
vile and for the Atchison stocks. notably
the preferred. which touched lo2is. The
buying OF this stock and OF Louisville
was based on the general argument that
they were selling low compared with
| other stocks paying the same dividend.
2 rr~n- ~
road controversy continued 10 receive
much attention. todays version pointing
to the granting TO Union Pacific Of pro-
portionate control OF the Burlington sys-
TEN BY concessions OF direct holdings in
that company. The possibility OF releas-
/ ing locked UP capital under this plan
made it particularly attractive 10 the
| speculative imagination. The preliminary
! figures OF cash movements for the past
week indicate a small net change IN the
hank reserves, although the various cur
rents contributing to that result have
/ been unusually complex and numerous.
The export of s., 10000 % gold has been
/ largely Offset by the sub-treasury pay
1 ment on account Of Australian and klon-
dixie gold, while that institutions cOllec-
/ tons Of government revenues in excess
/ OF expenditures has been met by the
| redemption OF government bords. The
/ sub-treasury paid today on that account
/ for S1.I71,540 in par value OF government
/ bonds. which did not figure in the esti-
mates Of the cash movement The banks
/ have lost n small amount on balance or
/ the interior movement by exports. The
reported settlement OF the Franco
I Turkish difficulty was very slightly re-
/ fected here except as IL affected the feel
/ ing Of hopefulness over the relaxation Of
/ future foreign demand for gold. The
market closed, irregultr at considerable
/ reactions from the best caused by heavy
realizing during the last hour.
! There were sharp upward movements 81
/ Central of GorRia bonds and IN Kansas
/ and Texas seconds. The bond market
! generally was active and irregular. Tot
/ sales. par value. $4,000 United States
! bonds were all unchanged on the last
! call.