The Montgomery advertiser., 1904-10-18
WALL STREET REVIEW
BUSINESS IS ACTIVE THROUGHOUT
 THE SESSION.
The Animation Recently Developed Grows In Volume, and New High
 Records for the Year Are Sc0rNd.

NEW YORK. Oct. 17--The animation which grew up in the speculation in the lat ter part of last week showed more increase ticaliy no cessation of the active business on the floor which taxed the resources for recording transactions at times and kept the faculties of the brokers at tension throughout the day. Large crowds were trying to do business at the same time at the posts whore the favorite active stocks were dealt in. While great confusion was apparent at all times the record of the days results shows that the market was under intelligent direction and the largest operations were conducted according to a liked plan. The opportuneness with which the heaviest buying and the strongest ad- vances occur ed with the most impotent selling at other points was evidence of the skiIfuii leadership existing. The days movement to that extent had an artificial character. But the successive following in the market has evidently lost much of it's dread of this experienced leadership and been plain to be seen throughout the long advance which preceded the present grow ing interest It k perceived that a skilfull conduct Of buying and selling facilitates the of buying even in g healthy and dormant market. The growth of the pumber of par ticipants must be accepted as an index of the increase of faith in the health and the naturainess of the present market The dealings on Monday are especially relied upon to disclose the proportions of any new iHtefest oWiHB to the natural ten0ency to open new transactions with the period of a new week. the amount of weekly reviews and letters that go out of Wall Street from commission houses or for publication and the additional accumulation of orders that results from the two days interval over Sunday. Last weeks buoyant close gave general hopes of a large increase in such new orders and the market quickly demonstrated that the hope was not disap- pointed. The selling out to take speculation profits on the advantageous terms afforded by this new demand was equally a mat ter of course. The new buying came from many different quarters and an important proportion of it came by the cable. The most Sotable buying and the greatest strength were in United States Steel pre- ferred. and to a less extent in the common and less effectively in Pennsylvania and Erie. There was no specific effect from the news developments of the day except as they offered nothing to disturb the con- fidence which has reached the proportions of enthusiasm with the outburst of specula- tive spirit.
 Money continued easy and no one was do so indefinitely. Railroad officials ex- pressed themselves in sanguine terms over the outlook for traffic. Sugar was marked down and copper was marked up Sterling was strong and the continental markets was somewhat disturbed by the Russian re- verses. The profit taking had it's great est effect in the last hour of the market erably below the best prices
 Bonds were strong Total sales, par value $10.oo5.000. United States bonds were un- changed on call
 NEW YORK STOCK LIST.