Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1911-10-21
new YORK STOCK MARKET
Erratio Movements Again Charao-
terize Trading During Day.
BULLS GAIN THE ADVANTAGE
Market Closes with Substantial
Gain, Hanging from One 20
Two Points Among the
Active stocks.

NEW YORK, oct. U.-Erratc move
lnents again cnaracterlAed tue stock MAJ
net tOuay, although IL exhibited a con-
sistehuy arm uhdertOnc. Prlces sefmeU
10 1iOCtuate in respOnse to no wei ue-
iined cnahses Of OpIniOn, winch reinaln 10
confused aha uncertain. CHANCES in con.
sequence we're OIten perp. exing ana couiu
DC ATTRIBUTED 10 tue varying fortunes o.
speculative interests, whose operations
nave been EXPANDED CONSIDERABLY IN the
last rev Gays. he market closed with a
substantial gain, ranging from 1 TO :
points Among the active stocks, but the
ADVANCE seemed to represent more the
temporary advantage OF one faction than
general enhancement OF market values.
Although ACTIVITY increased on BON
hiues Oh the market. the bares were nos
able to bring about such periods OF weak
ness as they produced yesterday Ac-
cofdlnB TO tue kossIp OF the street, n large
pooI was at WORK In Tinted states Steel
neither or not there Is any ground for
such a report. evidences or mani Dulatlon
an various parts or the list were plain
bears attacked the market energetlcaLy
IN the cary trading, but made little head
way selling at tho outset was unusually
nigh. More than 5000 shares of Uniteo
states steel were thrown on the market
within the first few minutes. but although
me nst weakened somewhat, # soon re-
covered. After q series OF unmportan.
fluctuations the market took on q re-
newed activity before the close and in
the last half hour prices were carried up
The metal stocks were most conspicuous
transactions in United states Steel con
tributed one-half OF the total mornings
business. The copper stocks, after sew
eral months OF inactivity, became promi-
nent In speculation. Analgamated Cop.
per advanced points on heavy dealings
ana Anaconda, Tennessee Copper, Utah
topper ana American Smelling gained a
point or more. While the movement in
these stocks Is largely speculative, 1t has
basis in current conditions in the cop
per metal trade. Sales Of copper continue
on large scale for both domestic and
foreign delivery, and prices have been
quite generally advanced by producers
and selling agencies. Although sales thus
i tsr TINS month are, estimated at more
IMAM lOO.0OOOO0 pounds, a large Increase
In surplus stocks at the end OF October
is expected.
Declaration Of an initial dividend on
American Beet Sugar, common. placing
II on per cent basis, had been dis
counted some time ago, although the
stock made further advance to 59st, its
highest price on record. Allls-Chalmers
recovered part OF its recent loss The
movement was most pronounced in the
per cent bonds, which gained more thar
points. There was no continuation OF
Yesterdays heavy selling or Great North
ern ore certificates, which resulted from
announcement that the United States
steel corporation would terminate its
lease OF the Hin orc lands, and the stocl,
moved narrowly
Foreign exchange rates. after early
nrmness. became weak Fluctuations ir
exchange arc watched with unusual ir.
terest at this time, as 10 rates, as the
rates have approached terms on which
gold could be shipped to London or Paris
known movements OF money during the
week Indicate a small loss OF cash by the
banks
Trading in bonds was on a smaller basis
today. Prices improved after early ir-
regularity. Total sales. par value 80
100000 United States bonds were un-
changed on call.
Number OF sales and leading ouotations