The times. [volume] (Richmond, Va.) 1890-1903, 1901-10-11
STOCK MARKET
QUITE ACTIVE.
Pretty Much Every Department At
itcted During Day.
oUIBuRsT OF SPECULATION.
sarket Became Fairly euoyani ID Late Deal
inss ard Close Vas Active and
Strong at About Top
Level.
ouTBuRsT OF SPECULATION.
DIV Associntnd prnss

NEW YORK. Oct. 1n.-Iherc was a
nota@ie revival OF speculation ,in the
STOCK market today, Io!lcwing the Wav-
eiinS and hestaung movement OF the
last day or two. Pretty much every de-
p:rtment OF the market became affected
n an increasing degree. ana in the la,e
dealings the market became fairly buoy
ant ana closed active and strong at about
me top level. This sudden outhurst OF
speculation as ii reversal OF The recently
current sentiment caused a circulation
OF many runo:S ana gave rise To sup
position of some important DEVELOPMENT
Ia thc financial world not Yet disclosed
II the public.
The rumors conferred about supposed
further Developments II The Northwest
sin Railroad world. ana carly took tho
form OF a plan Tor adjustment with the
Canadian Pacific. which might eliminate
competition. Another report specifically
formulated was THAT a proprietary CO.
operation be formed to consolidate
ne ownership of the Great Northern and
Northern Pacific on the basis of :GO for
Great Northern preferred ana 10 for
Northern Pacific common, Northern paci-
tic preferred to be retired at par The
IranscontinentaI stocks, which had been
somewhat neglected in the early strength,
leapeG into activity and strength. Great
Northern preferred jumped S points TO
1863: Northern Pacific preferred and
Ghic3go and Northwestern, ); st. Paul.
%. and Union Pacific 2i..
There was renewed heavy C'ernand for
the Eric stocks also, which lifted them
l%.@4 points This elimination of the
days builish tendency. caused rush to
rover by the bears. The demand from
this source showed state bordering on
Generalization on the part Of large Tort
interest in the market. The majority Of
active stocks are a point or more higher.
The Coalers showed the marked evidence
nf strength. New Jersey Central jumping
& points. and others Of the srouq la
points. Aralganated Copper and Sugar
were Very active and strong "a advances
of about points each. the short interest
playing an important part in their move
mcnt.
The opening of the market gave no pre-
mon;tion Of the DAYS movement, many
important stocks onenilIg unchanged on
lisiless trading. Very large speculative
interests ohyiouSl.- had the market in
hand. They seemed to be, actuated by 4
belief that the resources OF the banks
We're now sufficient 10 provide for the
seasons demand from the interior for
months. Taking the ground THAT the fall
rrossivc influence on the market. these
interests inaugCrated an active buying
movement for q recovery in the market
Several unfaNorahle factors were com
notable strength Of sterlir~ exchange
which was impaSsiVe to-day: renewed
softness in the LONDON market for raw
cotton the threatened extension of the
trade war between the American Sugar
Refining Company and the beet-sugar in
tt.reSts. decidedly less sanGuine views of
the years outlook for the iron industry.
declining ratio Of increase of railroad
EARNINGS. and varinCS minor factors which
have been Influential Of late.
There was q decided increase of activ-
ttv in the railroad bond market. and
prices generally advanced. Total sales
rar value $3.50. GOO United States new
a. advanced IL per cent. on the last call.
300 shares