The Montgomery advertiser., 1901-11-08
WALL STREET REVIEW MARKET BROADER AND MORE
 DIVERSIFIED. Aggregate of Dealings Rose to Near a Million and a Quarter Shares. Railroad Bond Market
 Very Active.

NEW YORK. Nov. 7.-Today's stock mar ket was much broader and more diversified dealings rose we'll above yesterday to near a million and a quarter shares. There was Pacific and St. Paul, which ruled below yes ing at one time ss for St. Paul and Is for
 Union Pacific. The heayiness of Northern Pacific preferred. which fell IS on compara- lively light transactions taken in connection with the reaction in the two stocks previously named. 1t would be supposed might indicate doubt as to the Northern Pacific settlement.
 the more so as no authorized statement of the
 terms of the settlement or even of its actual
 consummation can be had from any source.
 The conviction. however. remains strong in speculative circles that tine agreement is in fact perfected: although nothing on the sub ject. but acquiescent smiles vague intima-
 tions can be had from insiders The corrob-
 oration offered by the tape Is considered con | St. Paul are to benefit substantially by the | agreement, just how in the case of the latter | these stocks was accepted due to mere
 alizing of speculative profits while the market | continued to advance with vigor at the other points. The forcing to cover of the bear inter est in some of the specialties recently under pressure was an important influence in the advance, conspicuousy in Amalgamated Copper, Sugar and Peoples Gas. Among the
 transcontinental stocks the Atchisons alone
 energy. The common rose one time 2% and
 Southern Pacific got lK over yesterday. but
 lost 1t all on the reaction. Gains of 3IR in
 New York Central was feature of the market
 and lifted with 1t a number of the junior
 Vanderbilts. Lately current rumors of pend ing concentration of the system and increased distribution of profits revived in con nection with the movement. The statement of October earnings for New York Central show ing an increase of " per cent over those of last October was also an influence. number of statements of gross earnings for the fourth week in October emphasized the impression caused by yesterdays statements. The coal territory in notable demand and show gains of log points. The United States Steel stocks developed strength at gains of point for the common and IS for the preferred glowing accounts of the activity in the trade. There were many rumors of a determination but the rise met with heavy realizing and the gains were largely wiped out. The movement to realize became very general before the close and the advances were curtailed in all points and entirely wiped out in a few cases The payments of the sub-treasury in redemption of bonds and for the deposit of Australian and klondike gold at Pacific Coast points are | so far offsetting the drain on other accounts that the money question is kept in abeyance The very substantial recuperation for the week disclosed by the Bank of France also served to relieve apprehension over money affairs, as Paris has been the real centre of attraction working toward depletion of gold supplies other points. The small increase in the bank s supply for the week has been supplemented by a decrease of over S49. COG, 900 in bills dis counted and contraction of nearly S36 OOO,- 900 in its outstanding circulation. The mar ket closed easy under the influence of realiZ- ing.
 The railroad bond market was very active but the reaction in Union Pacific convertible bonds made otherwise strong market ir- United States bonds were all unchanged on the last call.