The Montgomery advertiser., 1901-11-12
WALL STREET REVIEW BROAD AND ACTIVE SPECULA-
 TON IN STOCKS. The Demand for Bonds Was Also Large and We'll Distributed.
 Movement of Prices Was
 Extremely Varied.

NEW YORK. Nov II.-There was another day of broad and active speculation In stocks mand for bonds. outside of the extraerdinary dealings in some of the convertible and specu. while the dealings for the last week in stocks were still below the large business for the o abe eGnas dea last esceed se year tHGSe by % Over ss. ooo ooo The demand for the movement of prices owing to the fact or the buying demand shifted to new quarters last last weeks favorites. taking advantage of the sustaining force of the new faVorites Ine dealings continued to a large extent to remain in professional hands, although there was some accession of speculative interest today snown by orders through commssion % houses; .r. "ni,e be news of the day, as it influences stock specu- iation, is likely to be distorted in its per
 rairosd raS settlement and the Vanderbilt plan of merger which furnished the material of the bulls during the last weeks rise fell into the background decidedly while discussion became eoai trade tho iron and steel trade and the extraordinary railroad traffic Of which reports | are heard on all hands In accordance with with and steel industrials made conspicuous ad- vances today, while the professionals sold the | to take their profits. After the unprecedented I outlaws of the past year for increase and i'm fact that an actual car famine exists in many parts of the country is conclusive evil dence that the business offering 60 the iail- roads is greater than ever before. From the coal and iron regions comes the cry for more cars many iron mills being reported shut dcwn for lack of coke and raw material. Grain receipts are said to be small because or lack of cars to move them. This accords with the reports that the overwhelming railroad tar- hc is largely made up Of general merchanulse due to the activity in trade in all lines. The urgent demands for freight cars and other forms of railroad equipment made the move ment today in the car and steel tndustrials natural corollary of the movement in the railroad stocks Todays conspicuous advances will be seen to have centered in the anthra, cite and soft coal carriers and in the car and steel industrals. Hooking Valley with rise of 3N American Car preferred with a gain of and several others with two or more noints to their credit were conspicuous 1n the movement. Sugar and Amalgamated Cop per were affected by an active demand from inc shorts and both stocks very largely dealt in for Boston account. Chicago and Eastern Illinois jumped points. but reacted five, Union Pacific preferred rose points and Great Northern preferred and Northwest ern Pacific preferred moved strongly upward at the last on revived reports of an early set clement Sentiment continued confident over the money outlook, although foreign exchange continued strong and additional goli ship ments are expected later in the week Zeal izng became very general in the late deal ings. but a number of rallies made inc clos- ing irregular.
 The bond market was very active and gen orally strong. the convertible and specula- tive bonds especially Standard Rope 6s rose AL. Total sales (par value), SC, ,625 900: United States refunding 2s declined A and | the old As advanced h per cent. on the last | call,