The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1904-10-15

NEW YORK, Oct. 1.-THE activity OF the
stock market reached the boiling point TO- day
snd trading took on the appearance OF the
great bul markets Of q few years ago II IL
mighty probable that the sources Of the buving
have Rfdened with the recent violent sd-
Nsnces IN the market and some outside par
tcipsuon may be thus represented Com
mission houses through which this kind OF
business is usually transacted. however report
that their business is sim restricted. II is Ger
-. - -. We executed ~ single houses. buy
ing orders Tor single firms running as high
- ntty thousand shares Of various stocks
! MS points unrlistaks bly, TO the centralized
direction ana control o. operation under COM
binec resources. such dealings were especial
" noticeable to-day IN few of the stocks
81 which centered the greatest activity and IN
which the widest advances occurred but the
movement became so general and 50 EN-
brac-ng az 10 carry general conviction OF a
vide participation IN the market from many
separate and Independent sources. The con-
viction was very general also that q veteran
operator and turfman who has long RETAINED
IRON leading operations IN the market was
again conducting transactions on a large
scale By verv characteristic methods The
movement carried all before IL from whatever
sources Il came or Tor what motives The
let OF separate issues dealt in was longer
than At any tine this year Yesterday and
to-day the number % long dormant issues
which moved required constant industry to
trace the former transactions IN order TO
make price comparisons. The unessiness which
was caused yesterday by the comparative
neglect Of the railroad stocks while low grade
and unknown indUstrfsls and specialties alb
Eorbed all speculative attention was relieved
to-day ry the revived animation Of the stand
ard railroad stocks These were not all shares
iu the outset in the markets strength. but
before the cay was over practically all i'm
portaut stocks had moved forward a point or
more. There were one or two slight pauses
IN the extreme activity OF the market during
she Gay. but IL was only when prices fell
back slightly. Aggressive buying on each oc-
oasion reawakened the animation OF the mar
'..t and carried IL to new high levels until
with the new advances made the closing ir-
reguisr. Specific news had little 10 do with
t.e days movement, but strong stimuli ton
was given 10 the market by the UNEXPECTEDLY
large gain IN cash promised by tomorrow
bank statement. The transfers on balance by
This week that only an Insignificant reduction
has 10 be made from the amount yielded 10
the banks sub-treasury operations which
amounted 10 SO OF ooo. The exchange at
Chicago also narrowed the discount Is per cent
per thousand compared with 80 cents earlier
IN the week
The exhaustion OF other crop supplies and
he waiting FOR the new crop OF corn may
Sccount FOR this pause in the interior move
Snent. Call money. IN consequence, is very
faEy to-day The favorable turn IN the Gov
sruments income Of revenue gives confidence
nat no call upon the national banks for
geposits Is likely TO be made. While the in
eustrials and specialties maintain their new
Sound prominence the demand for the stand
ara stocks was commensurate with their repre-
tentative Importance. Gains OF 1 to 2ik points
are general throughout the list and are much
larger In special cases in the railroad and
industrial lists. Bonds were active and firm.
States bonds were unchanged call.
New York Stock List.
= y. Hutton Co.. $50 California street.