The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-10-15
STOCKS ARE ACTIVE
LivELINEss REACHES THE BOILING
POINT, IN FACT
Trade Assumes the Appearance of the
Great Bull Markets of Years Ago-Di-
rection and Control of Operations Seem
centraIized

|
NEW YORK. Oct 14-The activity of
| the stock market reached the boiling point
| To-Day and trading took on the appearance
! or the great bull markets of a few years
! ago IL IS highly probable that the sources
of the buying have widened with the re-
Gently violent advances in the market
and some outside participation may be
mus represented. Commission houses
through Which this kind of business is
usually transacted however report that
their business is still restricted. 1t is
certain that very large transactions in
/ today'S market were executed by single
houses, buying orders for single firms run
ming as high as so. 600 shares of various
| stocks: This points enthusiastically to the
centIailzed direction and control of opera
lions under combined resources.
Such dealings were especially noticeable
| today in few of the stocks in which cen
tered the greatest activity and in which
the WIDEST advances occurred, but the
movement became so general and SO en-
braclng as to carry general conviction of
a wide participation in the market from
many separate and independent sources.
Inc Combined strength and special promi-
nence of Peoples Gas and Brooklyn Tran
sit served to recall previous campaigns
in these and other stocks which were
favorlteS of the late eX-Gov. Flower The
conviction was very general also that a
veteran operator and turfman who has
long refrained from leading operations in
the market was again conducting trans
actions on large scale by very charac-
ter1stic methods. The movement carried
all before it from whatever source it
came or for whatever motives. The list
OF separate issues dealt in was longer
than at any time this year. Yesterday and
today the number of long dormant issues
which moved required constant industry
to trace the former transactions in order
to make price comparisons.
Standard Railroads Active
The uneasiness which was caused yes
terday by the comparative neglect Of the
railroad stocks while low grade and I'M
known industrials and speciaities alb
sorbed all speculative attention was re-
lieved today by the revived animation of
the standard railroad stocks These were
not all sharers from the outset in the
markets strength but before the day was
over practically all important stocks had
moved forward point or more. There
were one or two slight pauses in the ex-
IRENE activity of the market. during the
day; but it was only when prices fell back
slightly. Aggressive buying on each occa-
sion reawakened the animation OF the
market and carried it to new high levels,
until the final dealings, when free real
iZing mingled with the new advances and
made the closing irregular.
Specific news had little to do with the
days movement. but strong Stimula-
ton was given to the market by the I'M
expectedly large gain in cash promised
by tomorrow's bank statement The
transfers on balance by express to the
interior have been so small this week that
only an insignificant deduction has to be
made from the amount yielded to the
banks on subtreasury operations, which
amounted to s6.017. 900. New York ex-
change at Chicago also narrowed the dis
count to- 15 cents per 1000 and compared
with 80 cents early in the week. The ex-
hauston of old crop supplies and the wait
ing for the new crop of corn may account
for this pause in the interior movement.
Call money. in consequence, remained very
easy today. The favorable turn in the
governments income of revenue gives con-
fidence that no call upon the national
6nnnSitG ic q q
While the industrials and specialties
maintained their new found prominence,
the demand for the standard stocks was
commensurate with their representative
importance. Gains of 1 to 21s points are
general throughout the list and are much
larger in special cases in the railroad and
Industrial list.
Bonds were active and firm Total sales
par value. 1889. 900. United States bonds
were unchanged on call.
Closing List