The age-herald., 1901-10-11
NOTABLE REVIVAL
 OF SPECULATION Stocks Did Not Waver or Hesi-
 tate at Any Time BEARS RUSHED TO COVER Every Department of the Market Be- came Affected In the Late Deal lngs and Closed Strong to
 Buoy at Best Price.
BEARS RUSHED TO COVER

New York. october 10-There was notable revival of speculation III
 stock market today, following the roy of wagering and hesitating moFei'ieH' o- the last day or two. Pretty mucn esei' denartment of the market became a1ect- ed in an increasing degree, ana III the late dealings the market became iaiiiy buoyant, and closed active ana slrons a' aho,,t the top level This sudden outourst os srecu,at,on at a reversal of the re- centlv current sentiment caused circu- lation of many rumors and gave r1se 'o a supposition of some important oeVeiop- ment in the financial world not yet ois- closed to the public. The rumors centereo about supposed further developments III the northwestern railroad world and carry took the form of a plan for adjustment with the Canadian Pacific, which might eliminate competition. Another report snecincally formulated was that pro prietary corporation was to be formed 10 consolidate the ownership Of Great Northern and Northern Pacific on the basis of 200 for Great Northern preferred and 125 for Northern Pacific common Northern Pacific preferred to be relireo at par. The trans-continental stocKs' which had been somewhat neglected m the early strength. leaped into activity and strength. Great Northern preferreu and Chicago and Northwestern, 5: st. Paul. 2&, and Union Pacific, 2A. Inere was A renewed heavy demand TOT tne Erie stocks. also, which lifted them IA .o { points. This continuation of the day bullish tendency caused a rush to coNei by. the bears. The demand rom thsn source showed state bordering on oe- moralization on the part or tne iai ee short interest in the market. The Iha1ol ity of active stocks are point or Iho1e higher. s
 The coalers showed the first marked evidence of strength, New Jersey oeh.rai o Jumping points and others or the group i to x Amalgamated Copper and Sugar were very active and strong at aoVahces of about 8 points each, the snort interest playing an important part in their move ment. The opening of the market gave m nremonition of the days movement, many important stocks opening un- changed on listless trading. Very large speculative interests obviously had the market in hand. They seemed to be actu- ated by a belief that the resources or inc banks were now sufficient to provide for the seasons demand from the in.e1 Tor for money. Taking the ground that the fall demand for money has been the only oppressive influence on the market these interests inaugurated an active puy- Ing movement for a recovery in the mar ket. Several unfavorable factors were completely ignored Some of these were the notable strength of sterling excnange, which was emphasized today, renewed softness in the London market for raw cooper, the extension of the trade war between American sugar refining com pany and the beet sugar interests. de- cidedly less sanguine views of the year outlook for the iron industry, declining map of railroad earnings and other iac- tors which have been influential or late.
 There was decided increase Of aotiv- ity in the railroad bond market and prices generally advanced. Total saies' par value, s4,7sO,000
 United States new As advanced 1s per cent on the last call.
 New York Stock Market.
 pv Prfvate Wire to Murphy e co.