The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-11-12
LIVELY BOND BUYING.
SPECULATION IN WALL STREET
CONTINUES BROAD AND FREE
IN sGoPE>
DEMAND COVERS MANY LINES
Professionals Rather Dominate the
Market, but Commission Houses
Are Factor-Industrials
Score Heavily.
DEMAND COVERS MANY LINES

NEW YORK, Nov n.-This was an
other day of broad and active specuia-
tributed demand for bonds outside of the
extraordinary dealings in, some of the
convertible and speculative bonds. 1t is
notable in this regard that while the
still below the large business for the cor
responding period of last year, the par
value of the bonds dealt in last week
exceeded those of the corresponding pc
Rod Of last year by oyer sS00O,0Oo. The
demand for stocks today was exceeding
ly varied as was the movement of prices
owing to the fact that the buying demand
shifted to new quarters and realizing of
profits proceeded actively in last week s
favorites. taking advantage of the sus-
tanning force of the new fayorites.
The dealings continued to large ex-
tent to remain in professional hands al
though there was some accession of spec
ulatiTe interest today shown by orders
| through commission houses. While the
professionals dominate the market. the
news of the day as it influences stock
speculation is likely to be distorted in its
perspective to suit the prevailing senti-
ment of the speculation.
To-day the NORTHWESTERN railroad set
tlement and the Vanderbilt plan of mer-
ger, which furnished the material of the
bulls during the last weeks rise, fell into
the background decidedly, while discus
sion became very active on the faxora
bic prospects in the coal trade, the iron
and steel trade and the extraordinary
railroad traffic, of which reports are
heard on all hands. Ia accordance with
this tendency, the coal carriers and the
iron and steel industrials made conspic-
uouS advances today, While the profess
SIGNALS sold the transcontinental stocks
and the Vanderbilts to take their profits.
Demand for Cars.
After the unprecedented outIays of the
past year for increases and improve
nlent of rolling stock and equipment. the
fact that an actual car famine exists in
many parts of the country is conclusive
evidence that the business offered to the
railroads is greater; than ever before.
From the coal and iron regions comes the
cry for more cars, many iron mills be-
ing reported shut down, for lack of coke
and raw material. Grain receipts are said
to. be small because of lack of cars to
move them. This accords with the re-
ports that the overwhelming railroad
traffic is largely made up of general mer-
chandise, due to the activity in trade in
all lines The urgent demands for freight
cars and other forms Of railroad equip
ment made the movement today in the
car and steel industrials a natural corol-
larry of the movement. in the railroad
stocks.
The days conspicuous advances will be
seen to have eentered in the anthracite
and soft coal carriers and in the car and
steel industrials, Hecking Valley. with
a rise of 3A; American Car preferred,
with a gain of 4, and several others with
or more points to their credit were con-
spicuous in the movement. Sugar and
Amalgamated Copper were affected by an
active demand from the shorts, and both
stocks were very largely dealt in for
Boston account. Chicago & Eastern II
linois jumped points. and Great North
ern preferred and Northern Pacific pre-
ferred moved strongly upward at the last
on revived reports of an early settle
uent.
Sentiment continued confident over the
money outlook, although foreign ex-
chln0Q c0ntlnlpd
gold shipments are expected later in the
week. Realizing became very general
in the late dealings, but number of raj
lies made the closing irregular.
The bond ma rket was very active and
generally strong the convertible and
speculative bonds especially so. Standard
Rope 6s rose ~ Total sales. par value,
St. 625, COO United States reminding IS de-
clined 4, and the old As advanced = per
cent. on the last cali. = ~ ~ 49,
Stock s. ss5ss S5s4et