Show I I FINANCIAL FINANCIAL and andI I II I L COMMER COMMERCIAL I I n BY DY r THOMAS C. C SHOTWELL SHOTWELL- New ew cw York Nov O 7 ln In In the midst t. t or ortho 1 tho gelt greatest st excitement that vall Valt al street ha hM experienced for ten elm fars stocks advanced to today ny to new now high records In nearly ever every active e Issue Tho The steel shares an and Southern Pacific held field at the tho highest figures they thoy ever e have o touch touched d. d Their advance d created limitless enthusiasm These stock kH arid and Amalgamated Copper were ivere the leaders Announcement that tic tc Calumet Hecla bela had retired from tho market market stirred all al the to lo renewed ac nc- ac- ac New ew York Central astonished the tho street by r four advancing ur points Just t at the close I Erie made mado au ito Impressive Im Im- Im- Im awing t upward On tho the curb curl market time the feature of trading was the tho tl now hl high h record at seven for 01 La I. I Rose Roso Mining Cumber land EI Ely closed higher Gold Gol stocks became active Just at al the tho close and anu after tho official close of or business cose upon the New York curb DaIsy Daley had an nn exel cx- cx el cited d l market markot on tho to Frisco o. o Time The bank statement was disregarded because there Is moro more money than RI anyone any any- el one ono can possibly use Uge anyhow and in addition niece moro can bo be printed If Ii needed Tho The unusual r feature of oC the situation Is 19 that tho foundation of or the bull bul market market rests upon tho the Aldrich law which has indirectly abolished tho the gold standard for y monr-y In tho the United States tateR and und substituted d any standard tnt that the secretary of ot the treasury ran ma may bo be In Jn the thc humor to permit bankers to establish Of or course courso he ho would not permit permit per per- mit mi them to Issue currency against do do- posits of or Bay Day State Gas but iut he has 1 legal authority to do ilo so Tholo Is h no dan danger er that ho will wil permit them to Issue lammo money against any worthless se so- so but the moro more fact tact t that at 5 can cnn be Issued If IC desired with no basis except tho the debts of corporations makes the big big Interests perfectly free froe handed with what shat mono money mone thero Is Ir lr existence There Is no Imo bottom to their purses and their confidence Is ing them to pick up the fow tr dollars that are not already In time tho banks nn and put them In circulation In 10 the lime lic Street ref Number of or shares sold today tolay against I a 0 year ago Par value of or bonds sold soll alO today against a n year ago ao Brokers said sal today that most of or l the he buying orders for steel cO common mul emanated eman eman- from Crom tho the Middle while they tty believed that the tue majority of or orders fez foi St St. Paul originated abroad Hun MUI-IKO MUI r Ir Trice Quotations received over private wire of oC James A. A Pollock 01 0 Co bankers and brokers C G Wu West t Second South street I 11 I. I I I. I L I CIs alos m. Am C. C dy 46 0 Am SI 1 0 1 08 GR 9 si Am S 58 0 Am Sugar 13 57 Soo 0 Annil Copper COlmer 88 t 1610 0 Anaconda Copper 52 51 i 1520 1200 0 Atchison 4 I 94 1 f 15 5 Bait BaiL and at Ohio lOt IOU 1031 1052 2030 0 BrookLyn n. n P r 62 61 Canadian Pacific 0 Ches Ohio 46 4 46 C. C 31 1 and St. St P. P US U 1476 Cob Colo ruel and ant I. I i O 8 00 Gas 03 H i 17 I-i I Erie Brie 3 32 1 Gt Ct Northern Norther pfd pCt 19 US 1382 tu Illinois Central HH 1441 1132 1432 Lou Lu and Nash 33 16 1 U 16 1151 Missouri Pacific GO 5 59 60 60 Mo Io IL R arid ant T. T 31 33 1 Mo K and T T. T pfd 66 1300 N N. N Y 1 Central 11 1152 2100 1 Il 2100 N. N Y 1 Onto Ont and W. W 43 43 Northern and ant 1 W. W S1 8 t SO 80 National Lead LOd SG 85 Norther Northern PacifIc Pennsylvania 19 1 1271 7 IS 1231 13 00 Peoples People's Gas iI 97 Rode Rock l lant 1 O 21 1 hod noe Island 49 91 47 Hi Rep I. I and S. S 2 28 27 28 S 1100 00 Southern fly Ry 24 4 4 Sou Southern them 1 1131 1 UnIon P Pacific 1 SOO U. U L. L S. S Steel Il 5 U U. S. S Steel 1 pfd Utah Utah Copper 4 13 49 Toni Copper j 45 I Ii I 14 H 44 1300 3 5 51 01 G 5 1300 T Total t e sale |