The times. [volume] (Richmond, Va.) 1890-1903, 1901-10-12
GREAT ACTIVITY
ON STOCK MARKET
Que Largely 10 Crop Of Rumors Of
Combination,
BONDS QUIET AND ACTIVE.
sei'rosd Sticks Vowed Widely, Bu, Strength
of Market Vas Not al
All Well D;s;riS-
r:cd.
Que Largely 10 Crop Of Rumors of
BONDS QUIET AND ACTIVE
ny Assoc.asee Pcess.l

tI.N YORK. Oct. I!--Grcat sDccUia-
..:vs activity continued in the stock
marker to-day, but it was centered 10 a
asse extent in the Transcoatinanta;
stocks, led ny ST. Paul, whic., rose Sat
points over last night n the late deal
tlgs, and closed / point below the best.
INC appearance OF the market suggested
us DAYS OF last spring. dear 10 the mem
~ OF the professional spectators, VIXEN
~. absorption OF q new railroad system
u u Taw iraascontneFtal combination
was ranGred each successive day, and
readily accepted in the crcdulous mood
OF the speculative world
L he activity OF to-daY's market was
largely due To the crop OF fllmorS revived
by yesterdays various reports OF the
proposed plan for consolidating the con-
troll of Northern Pacific Great Northern
and Burlington in one proprietary com
aany. AS a matter OF fact, the official
disclaimers this morning OF the accuracy
ri the published Reports and the prompt
relapse in the prices of Great Northern
preferred and Northern Pacific preferred
had q somewhat chilling effect on specu-
lativc sentiment. 'fhe general accord of
the current rlllaors III allowing that the
stock Of Northern Pacific itself was not
get provided for III the plan, the alleged
provision for the retirement of Northern
Pacific preferred. through which the con
troll by the Hartman interest is eXcrte6
and the assertion by representatives of
Hartman interests that that syndicate
waS not a participant IN the plan. seemed
10 open up a, vista of renewed contention.
As the day progressed there was a re
vival of old runlo1~ That Union Pacific
was 10 acquire st. Paul in exchange for
new BONDS IN the presence of these
pleasant old associations speculative en-
thusiasm seemed to take fire. The buy
ing of ST. Paul was cutie in The Old prod!-
gll fashion OF last year. and Union Facl-
iic. Southern Pacific and Atchison We're
conspicuous followers The extreme aG-
vance i'm Union Pacific was 23s and in
Southern Pacific ~. Rock Island was un
points at one time OH light DEALINGS
Missouri Pacific by no means kept pace
with thu other transcontinental railroads.
ana the stocks as n whole Were faSSarGS.
Subdivisions were affected by poor
earnings for The first week IN October
I'm, the activity or strength o. the
market was by no means general or wei
6fstrihuteI. The coalers and the steel
stocks seemed TO be little affected and
moved narrowly. Expectation OF a good
bank statement was genera.
The railroad bond market was quiet
and active. and showed an increasing re-: ~
strength. Total sales par value. $3335o-
coo United States is coupon advanced "a
Pc cent on the last call
The total sales of stocks to-day were
9J3.9oo shares.
MONEY. AND BXCIIANGE-Non on
cal closed steady at 3d3@ per cent: last
5San aa PER per cent cent sreripe szshaa#s
slightly easier With II oa aS,U Ge so,
an,f at s.. S35s6l4.S4 for sixty days: posted
rates. S4.S4lsm4.S3 and $.SI: commercIIa3i
bills 81 S Sf4 s Go aT nSsT bonds
firm: state bonds inactive; railroad bonds
strong.
Total hank clearings for week ended
actohnr 10Th. So "a 1861, 400: increase: -
per cent. Outside New York, S146,oo2i-2
increase. 1874 per cent
STOCK QUOTATIONS.
rnyn,.h.e nv Nrcssr.. SCOTT & STR!NGFEILoM,
Members New York Stock Exchange.