The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1902-11-13
MARKETS TODAY.
Stocks on Wall Street Go Up
With a Bound.
Adjustment of Speculative Stu
alton the Cause.
LARGE SALES MADE.
From 1000 to 5000 Shares in
Blocks Sold.
Grain and Live Stock Market
Holds Its Own.

Wall street, New York. Nov. 13.-STOCKS
Opening prices showed vioIenr advances
all through the list owing to the better
sentiment caused by reports of adjustment
effected yesterday in the speculative situa-
ton. The new Rock Island securities list
ed yesterday and dealt in on the exchange
for the first time this morning were
watched with espe cial interest The COM
mon stock sold up to 49, compared with
4eA bio on the curb at the closing last
night and the preferred advanced to 771a,
were 5000 shares of st. Paul sold at IN to
lisS4. compared with III last night and the
stock advanced further TO 179. There were
ware ana Hudson and General Electric
ana OF from to ~ points in Southern Pa
Ohio, Amafgamated Copper and other
leading stocks amongst the soft coaIers
We're in very large blocks, opening sales
running from 600 to 5000 shares in sew
eral prominent stocks. followed by other
sales OF even larger blocks.
Professional traders were disposed to
reap the handsome profits accruing from
yesterdays purchases and realized all
generally the best for the leaders and the
reaction carried St. Paul, Southern Pacific.
mated Copper AMI Colorado Fuel down /
to w points. Some sharp fractional re-
souri, Pacific, Union Pacific, Louisville and
Reading fell slightly below yesterda Us
close. Rock Island (old stoeF9 advanced
41s POINTS on single sale. Some less &C
tive stocks made notable gains, Minneap-
oils, St. Paul and Sault Ste Marie pre-
ferred advanced points. the common 81
points; ST. Louis Southwestern preferred
and Nashville, Chattanooga and st. Louis
3 points. and Northwestern, Cleveland, G.
G. and St. Louis Peoples Gas and North
American TO 21a points. These stocks re-
acted with the rest of the list and p rices
advanced again at IL O clock.
Large new buying orders were well dis
tributed and carried prices up to the toD
level again and in some stocks slightly
was in large demand and Louisville rose
H. points over the opening level. Amongst
the less active stocks Pittsburg, G. c. and
ST. Louis rose AS points; Wheeling and
Lake Erie first preferred points, New
Haven 8 and Erie second preferred and
Lackawanna points. There were frac-
before noon
Bonds were strong.
Speculative liquidation was resumed in
the specialties with the pressure directed
Brooklyn Rapid Transit. These stocks
yielded u and l respectively below yester-
days close and there were also important
reactions in Sugar, Colorado Fuel, Tennes-
see Coal and International Power. Rail
road stocks did not suffer much, but there
was some selling owing to the persistent
heaviness of Missouri Pacific, which sold
belo-- 1G7
Spasmodic rallies occurred in a few
stocks, but the movement was nervous
Subsequent pressure against Brooklyn
Pacific and St. Paul depressed them to the
lowest and the whole market gave way
Prices receded to the lowest If the day
during the final hour. The net declines
reached a point in Missouri Pacific. Anal
ganlated Copper and Sugar, rs points in
Brooklyn Rapid Transit and large 1rac-
tie was left anywhere of the early gains.
The closing was active and weak.