Show BUSINESS AND FINANCIAL FINA GI AL N NEWS WS f S S Wall Wal Street Waiting for Northern Pacific Settlement 4 t tAll ALL jN IN N HANDS OF MORGAN 4 f OUTLOOK FOR FOB ACTIVITY I ISTOCK IN STOCK IS GLOOMY GLOOM 4 New York York Oct Oct 22 Waiting on the Northern Norther Pacific settlement best bet de do describes describe scribes scribe the condition of or stock market market As S the conviction is general generl that that j the final I steps in the e settlement t e must i t 1 1 await a aI the presence n In et this t I city of J P Morgan and as that gentleman genteman was wal re rei i ported still In the northwest on his re reI I I turn r across c the tl continent t the outlook I o for Immediate activity In the the stock market was not promising Whether any attaches to the tho fact that out of the the northwest came the Influence which moved the stock market markel to strength and activity late Into In the day da can only be surmised There was ws no clearly defined explanation of the movement movement but it grew and spread from the Chicago Northwestern stocks and embraced the principal railroads In Inthe Inthe inthe the northwest and the alt all al the tho way to the thc seaboard Northwestern Itself rose an extreme extremo 6 S I points point the pre pro preferred 10 Chicago St Paul Minneapolis Omaha 10 the preferred 13 Chicago Milwaukee St Paul 3 and the pre preferred preferred 4 Considerable sympathetic ef el effect was ws produced by this at tho the last lat re resulting in advances of as much as a ant point nt nth in some of the Pacifies grangers r and h f specialties s New York Central and r the junior Vander bilts advanced 1 to 1 II An Impression has gone abroad that the development pending in the tle Vanderbilt system is to take the form of a melon cutting for the benefit benett of Lake Shore The recent increase in the valuation of sub subsidiary stocks held in Its is lt treasury treasur pro provides vides videa vides material for an extra disbursement which would operate Indirectly to the benefit of New Nev York Central The pamphlets reports report from the Great North Norh Northern em ern railway notwithstanding the large decrease In net earnings reported as a result resul of last years spring spring wheat short shortage shor shortage age contained so flattering an account of the general generl conditions In that region and the large movement of Immigrants regon thither that it was an Important in influence fluence in the rise of all al northwestern northwester railroads Great Northern Norther preferred Itself fell feU off ot 1 1 at first Crt on account of ot the te showing on onnet onnet onnet net earnings but recovered with wih the late movement with wih the group There was I continued speculation in Amalgamated Copper the stock receding early erly on the I decline In Ia raw rw copper In London and the further spread of or futures below that for spot Indicating the expectation of a coming tall fall tal in prices Amalgamated Copper however recovered with wih the lute buying movement in the market market Large Lre lending of money on call cal coming front from the banks affiliated with the Standard OH oil Oi party was Interpreted by the speculators speculators latora as aa an indication that the recent at itt attitude of opposition to a speculative ad advance adVance vance yance by that party had been modified The banks received payments for an ad additional additional half haI million of gold at Pacific coast points and there were reports that the movements of currency to the south was declining although 20 was de do posited at the for tor transfer I to New Orleans From a I money stand standpoint st standpoint nd point the further h violent rise In foreign l I exchange 1 was not t reassuring rr There seems to be something like a rush of ot cotton coton this week to export points but this has not had the slightest in influence influence influence fluence in checking the advance In ex cx exchange exchange change which would quickly reach rech the gold export point pint at the recent rate ot of progress The expected movement of gold from London to Paris also set In to today day and there were large additional ship shipments ments to Berlin marking tho the continued money disturbances at those centers A triangular process of remittance from the Northern t Pacific l trouble o and in preparation preparation tion ig for the coming Paris i stock exchange I settlement are aro said to be bo an influence in inthe Inthe inthe the movement of gold cold from London to Paris Pari The Th market closed somewhat ir irregular irregular irregular regular Railway Rl ay bonds were wre somewhat ular Total soles sales par value Total sales for the day dav shares share United States State old Is declined d 14 per cent In the last call cal Bond ond Quotations U t S ref 2 j Cent Do b coup l 1st Inc r S so reg M St S L 1 Do coup M K 0 T 1 U S n a n 48 40 Do Do coup N Y Cent Is U S o 0 General 3 s 10 Do coup N J Cent sen gen gee general U TT S s reg eral crl era Is 58 Do 10 co p Nor 01 Pac PIle is s tl 1045 I Atch A R gen n i Do Ss 72 0 1 ei 1 A v Bai Bait O 0 consol cOnsel 10 Do 3 9 96 Rend gen 96 Do Con Cony 4 St St L L I Mt It 9 Can Sou consol 58 C of Ga St St L San 15 1st Inc Ine 70 Francisco 55 Ches O 0 St St L S W Is 03 c Alon Alton 3 s S 85 Do 73 C n B Q n 45 s OS 98 San Antonio C M St I 1 Aran Pass is 87 general 4 M So Pac Pae 45 8 53 C N W Yo con So R fly Ss 1 r eel 3 Tex Pac Pac C 6 R H I P 4 To I St L C C C St St L Western ester 4 general Is s 10 It U P s I 1 Chic Chi Ter Term s 53 Com Cony 4 s Cob Colo So S 55 Wabash is 18 1195 D B R B G 48 10 Do lc 28 1 Ere Erie p len lIen S Deb B 51 55 Erie ErIc gnu en S 87 West Shor Snore Ft Ft W Den Wheel L E Ever Ever 13 ver City Is b 10 4 L 91 Hock Val Val 1 Wis Vis Cent Cent 45 83 L N unit Stock Quotations Atchison 78 8 So Pacific So Hallway 0 BaIt BulL Ohio Preferred SO Preferred Tex Tex Pacific S 31 Can Pacific 10 Tol St St L V T 23 3 Cn Sou s au r 2 15 Ches Ohio 45 Union Pacific C c Alon 11 Preferred 7 77 Wabash S 1 1954 C Chic l lad L 40 Preferred r f I 7 j Wheel L B i C I IS 1 I Second pfd 2854 C Gt West Vest 21 1 VIM Vis Central 20 O A 8 81 Preferred 40 B pM pfd U 14 Adams AdamI ISO C N V American Its C R H r I States 90 00 C Term Tr 1954 16 Copper 50 C C C SL L Am lc Car F 35 Coin Colo Sot Sou 13 11 Preferred 80 First 53 Am Linseed on Oil 17 Second pfd Preferred 46 Del ft A S R H I 43 Del L SF V Preferred W 96 D B R B G 41 Ann Co G 16 Preferred 91 01 Brook R It T 61 Erie First pfd M 41 I g olo on J Gas Fuel el I 9 Second pfd 65 15 I out ont Tob t a pfd I Gen Electric ins Hocking o oPs Ps Sugar i r 40 Preferred 7 4 blocking Coal 1 Ills IUs Central 14 mt Int Paper O Iowa Central 10 t 7 Preferred 54 Tnt Power L E B West Vest tIC 08 Laclede Gas Ga II 91 ti Nat Biscuit 41 Louis Nash 1038 Nat Lead 18 1554 Manhattan L 3 1 1 Nat at Salt 32 Met Iet St S1 Ity HY Preferred Mex Central 22 Nor Amer 95 93 I x National 1354 Pacific COt Cout Ii 61 lInn Minn St L Pacific Mail 41 Mo Pacific 9 Gas nas M 21 K T P Sa P Steel Car Preferred Preferred d r N J Central 1 I Pull Pal Car N V l Nor West Rp Preferred i 7 Preferred f 53 Sugar N Nor Pac pfd rena gc C 1 3 Onto Ont West 3 U BIl Bag Paper Pennsylvania Preferred iO 70 Reading 40 2 U S Leather 12 First t oed uM 6 Preferred St SI Second pM pfd 51 U S Rubber St S1 1 S F 41 49 First pfd 77 11 U S Steel 43 Second pfd pM n 67 Preferred 92 St L S W Y 26 23 Sest pst Union 91 preferred St Paul re l Total sales saIes Preferred 1121 |