The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1911-11-01
New York Stock Market.

Wall St. New York, Nov. 1.-STOCKS-
The most vigorous bull movement OF
several months occurred today. The i'm
pulse given to speculation by the govern
ment attitude toward the American To-
bacco reorganization plan was strength
ened by the Unexpectedly good showing OF
United States Steel for the last quarter
and operations for the long account were
carried on vigorously. The demand for
stocks was increased by the extensive
short coverings and prices were forced
upward in every quarter. AS prices mount
ed higher, bull operators doubled their
efforts to force in the short interest. Re-
ports that banking interests were advising
purchases on the long side of the market
helped to create a more cheerful senti-
rnent some of the stocks which had not
shared proportionately in the early adj
vance We're taken up and lifted materially.
specially ST. Paul which advanced to
above 10. Canadian Pacific increased its
rise to 81; United States Steel 2ss: the
preferred 2ss and Reading and Union Pa
cific 2 points. Many other stocks were up
between 1 and points with business be-
coming broader and more active as prices
advance.
skies gained a point.
Urgent buying seemed to have been COM
pleted for the time being and prices eased
off a fraction with speculation becoming
very dull. American Smelling assumed
unusual prominence in the trading after
midday and rose briskiy to 64%4, which
was 3A above yesterdays closing This
was about the figure which prevailed
when a rumor of a government suit
against the company caused the stock to
Prices were lifted rapidly at the opening
Of the stock market today. The unexpect-
edly good showing of the quarterly report
Of the United States Steel corporation yes
terday led to a keen demand for the Steel
stocks as well as for all the leading Is
sues. United States Steel common, which
closed yesterday at 54s4 opened with sale
of 100 shares at 55s4, followed by 10000
shares at 56 to 5s5s. maximum gain OF
Union Pacific, Canadian Pacific, Lehigh
Valley, Louisville and Nashville and 500
rose point each American Beet Sugar
and American Smelling gained q and
United States Steel made new start
upward after receding to 551s and before
Ii O'Clock it had touched SIS, a gain OF
~. Trading in the stock was in enormous
volume, with the short interest the chief
purchasers. Pronounced strength was
manifested by numerous other stocks,
especially Union Pacific, Reading, Lehigh
Valley. Canadian Pacific and carious in
dustrials.
St. Paul and Atchison were sluggish.
Canadian Pacific and L.ehigh Valley rose
and Union Pacific and Reading III.
Belated covering by the short Interests
sent prices upward with another rush.
with many stocks showing gains Of about
3 points These included United States
cific, Lehigh Valley. Union Pacific and
Reading
New York Sugar and Coffee Market.
New York, Nov. 1--SUGAR-Rav, quiet: |
Nuscoyado, 50 test, $5.23lk: centrifugal, IS
test, $5.7S1z molasses, SO test, $4si- Re-
fined, quiet.
Cotton Market.
Galveston, Tex, Nov. 1.-COTTON- |
Market lower, SIC.
st. Joe Live Stock Market.
st. Joe. Nov. 1.-CATTIE-Receip L 900 |
Market 1oc higher. steers, $450qz75; cows
and heifers, $2-5096.00: calves, S3.OOf77.50.
HOGS-Receipts $500. Market SC to IOc \
lower. Top, 1925; bulk OF sales, s5.905610 ]
SHEEP-Receipts 1,5Oo. Market 1O615c /
lower. Lambs, $4.50d5.s5.
Kansas City Live Stock Market.
Cffv TIT Pc 4