The Washington times., 1901-11-21
MARKET FULL
OF CHANGES.
Ruled in Turn by Strength
and Weakness.
COAL STOCKS CONTINUE 70 Be FIRM.
Steel Almost Stationary-Proflt
Realizing in American Locomo-
tive - Pressure Evident il St.
Paul and Union Pacific.

tendencies changed abruptly a number of
. times during today's business session
These frequent and sudden alterations Of
strength and weakness were scarcely
definitely attributable to any correspond
ing developments in the outside situation.
The comparatively small amount of gold
engaged for export for tomorrow's steam
ship was negatively favorable factor in
the early trading, but or the other hand,
sterling exchange continued Obstinately
strong and the indications were that the
slackened movement of gold to the Con-
tinent would be followed by the ship
ment of considerable amount of trade
on Saturday.
Money Continues Firm.
The money market continued firm with
the majority of the new borrowing effect
=. ed around and under per cent The
fsday's returns of railroad traffic made sat
isfactory exhibits.
s Little further attention appeared to be
devoted by the administrations of several
70 western States against the operation OF
the Northern Securities Company.
London sent in irregular changes in the
quotations for American stocks, and the
transactions Tor foreign account on bal
ance were small. The market opened dis
PLAYING no decisive tone and, as already
noted, its tendencies with the course of
the business session changed frequently.
The anthracite coal stocks continued
notably firm, and spirited advances ap-
peared in the higher priced issues, such
as Delaware and Hudson. New Jersey
Central, and Delaware, LacEawanna and
Western. Among the Iower-p priced stocks
of the same group, Ontario and Western
was the feature, although there were
again large dealings in the Reading
shares and the Erie stocks. Pennsylvania
-was,aIso comparatively firm.
The Railway speciaItIes.
Among the so-called railway specialtics
the most conspicuous movements noted
were in Canada Southern, New York. Chi
cago and St. Louis and St. Louis and san
Francisco. but no news CT gossip OF espe-
cial interest was current in connection
with the course of those stocks.
St. Paul and Union Pacific were both
more active than they have been for some
days, and in the early dealings they dis
played a greater degree Of animation than
has been evidenced in a week or more.
with the course Of the day, however, both
stocks reflected pressure of the same char
acter that has appeared in them for long
time whenever they show evidences Of i'm
pToyement.
Local traction stocks were all strong,
and a further advance in Manhattan car
ried it to the highest in long time.
Industrial Quarter DAN.
Little of interest developed in the deal
ings in the industrlals and the specially
quarter. The United States Steel stocks
were almost stationary. Notwithstanding
the fairly active dealings.
Heavy profit realizing sales in American
Locomotive resulted in a material reac-
tion in that stock, Notwithstanding the
publication of further trustworthy esti-
mates regarding the company's great
earning power. American Car and Foundry
was dull but steady. Small dealing and
slight price movements took place in
Amalgamated Copper.
There were further transactions IN Lake /
Shore stock at a figure which could sug
gest only that early developments in the 1
affairs Of he company could be reckoned /
upon but there were no intimations forth /
coming as to their probable nature.