The Washington times., 1901-11-08
ASSUMING A FIRMBR TONE
The Stock Market Shows Increased
Strength With Activity.
At the Opening the Lenders Take
Part in brief ReactioEary Move
ment The Junior EHndcrbilis
Prominent in the Days Dealings.

meut - The Junior EHnJcrbiIts
Prominent in the Days Dealings.
NEW YORK. Nov. The stock market
continued strong ana active today in prac-
ticaiiy every quarter In the carly deal
ines both Union Pacific and st. Paul,
which may logically be regarded as the
leaders Of the market. were rCactiouaiy,
but with the course Of the business
session both stocks developed renewed
strength and activity. Their earlier ten
denotes appeared to be owing entirely 10
the proiit-rcalizing sales of professional
operators of large c9libro, who were in
deed responsible for the rapi0 .'dvUncr IA
both stocks at the close of huHluvu~ yea
teTday
In addition. the absence ot any really
definite information respecting thc =tata'
OF the Northern ractne nrgutiatieh7 wat
urally induced prom, ,=rsaiisin4 Haie-. The
public wcre compelled g. 81 another daN
without explicit information ia ieAard to
the progress ot the iesotiatgah= tvokihs
To- itnai settlement st ans NeFtnes, "a
cine situation b, NAz AHe~p that veRt,l-
,n,,s were eetss ass3 sad ttsg an spl-
irabie ets4 hsys+et+- 49, v~ss4te se te
made, tat "details ~-F, ~-agaz .a sA ,+
the general u4=y4asi9-A ~ sF 1zS ga
pugtaHJ =vt.f=.s la- 'siss-lss'.s s52J --,f1-
pleNity c5 ghe as---r 'l a....f 4i.+-,tF.s e..
he yoiuIla,Hly e,VEsv-e-d apo "a- zs4e~-
appears to eNrs>s satt t @s..,V4 .a., p.
which ta e,HFg Ess1 Ns4AS -4
operation or the 4ailw=S sS=eegsa VI tbs
country west of the NIis=5s-sFFs 4.z s--ls
10 come, can be settled o5fhsaL
Todag's market showed. Wtse1 ta=E
the public was beginning to apprvviatr
the significance of the negotiations 'n
progress. AT all events the volume of
business rolled up and the general disJri-
button of activity showed that what is
styled the public" was again turning
its attention to Wall Street. and to u
greater degree than in many weeks. II
was not alone in the stocks concerned in
the Northern Pacific settlement that
ssleavy transactions We're conducted, but
The trading was large in every quarter Of
the market Thus. the Atchison stocks
and Missouri Pacific We'd in respect to
activity with Union Pacific and St Paul.
Among the lower-priced issues the Eries
and Southern Railway We're conspicuously
strong and active, and the remainder OF
the anthracite group participated in the
strength displayed by the Fries. The BIZ
luminous coal stocks Were exceedingly
strong. with exceptionally heavy transac-
\
Valley The Southwestern group also
showed a marked revival Of animation, es-
pecialIy in the instances of Texas and Pa
cific and ST. Louis Southwestern. The ST;
Louis and San Francisco issues continued
strong and active.
New York Central, together with the
Junior y andcTbiit stocks, was exceeding
lyzproninent in the days dealings, and
reports were current that some announce
Ilent of the much-rn ooted readjustment
ofsthe relations between the Vanderbilt
properties would soon be forthcoming.
Except in the instances Of the Wander
bilt stocks and the securities concerned
in the Northern Pacific settlement. there
was little news or gossip to be assigned
To particular movements noted in the rail-
way list
The specially quarter Of the market fur
nished some of the days most noteworthy
movements. Particularly strong features
there were Pacific Mail. Tenness q, Coal
and Iron, Amalga mated Copper, Ameri-
can Smelling. and Consolidated Gas. As
was the case in the remainder OF the
market, the covering OF short contracts
was an effective factor in the advances
scored, and except for Pacific Mail moth
ing definite could be cited in direct con-
ncction with the movements in this quar-
ter. Sugar Refining and the United States
Steel stocks were all exceedingly strong,
and indeed, the Steel issues showed n
greater degree Of animation than they
had done in many weeks. The local
traction issues were steady, but not not
ably active.
There was no material alteration in the
condIaons in the foreign exchange mar
ket.,