St. Paul daily globe., 1895-10-11
ONE HOURS STRENGTH IN THE
MORNING SUCCEEDED BY
UNCERTAINTY.
FAIR VOLUME OF TRADE.
PRICES ADVANCED GENERALLY,
BUT DECLINES WE'RE IN
TERSPERSED.
CHANGERS WERE PROMINENT
BuIIishness in the Bond DeaIinr. r.S.
With "a Slight Increase of sN'
Activity.

NEW YORK, Oct. 1O.-The stock
market today was somewhat less act
I've than yesterday, and the movement
OF prices was irregular. The profess
slonal dealers We're responsible for the
bulk of the transactions London sold
some OF the international stocks, but
Was not much of a factor in the deal
ings.
Inc opening was moderately active,
most stocks showing advances The
early trading was marked by strength,
and this condition lasted until the end
OF the first hour. The advances scored
extended to rs in Union Pacific. Re-
consideration of the Western Union
annual report appeared to have a ia
Voraole effect, as the stock rose l
per cent, Ihe Strangers We're helped
py reports from the West of efforts to
settle the rate war, while progress re-
ported by the cOnferees at the trunk
llne meeting in this city caused a hope
iul I sentiment sent toward that group. The
e1ect1ve raid by the bear traders
about II O'Clock, in which the common
yielded l9s and the preferred 2$s per
cent. PRESSURE was also exerted on the
genera market, with Chicago Gas and
Louisville Il Nashville especially OBJ
1ects OF professional attention The
stock mentioned dropped 15s and 1% per
cent respectively. In Louisville q
Nashville the selling was attended by
reports of dissatisfaction y over the
government cotton crop estimate
supporting orders checked the down.
ward movement around | %. m. and
a rally ensued which carried quota
1 1ons up 7sQlA per cent, the last in
Chicago Gas. The movement in this
stock was regarded as due chiefly to
the manipulation of a strong pool. al
though the various reports purporting
TO foreshadow the lines of the pro-
posed reorganization plan had some
effect. The Improvement was not sus
tanned, however, as a further deter
Hlned onslaught was made by the bear
contingent in the last hour which re-
suited IN a general slump in prices to
the lowest OF the day. In the reaction
ary movement the grangers, indus
trials and Southwestern shares were
conspicuous.
The market closed weak at general
these were in indianapolis, Illinois e
iowa, "a; Iowa Central preferred, 13c:
Baltlmore q Ohio and Louisville 81
NASHVILLE, 112; Leather preferred, lHc::
Le3lhef common, l18; and Chicago Gas
ana New Jersey Central, l per cent.
Slight gains were recorded in Union
Paclflc, Denver & Gulf and Mexican
central in the early dealings, and were
set down to the Improvement in the
price of silver, which always exerts
influence upon the, earning capacifV of
tnose roads and of other lines in con-
+ tlguous sections. The aforementioned
STOCK closed at a slight net loss. -
Ihere was a. slight increase in the
volume of bond trading TODAY. = the
safes agregat-ng 81, ,779e00. The temper
OF speculation was decidedly bullish.
and the transactions embraced a. num-
per OF hitherto neglected issues. VAL
9es OF the speculative mortgages SUI
fered somewhat in the last operations.
the depressed condition of the share
market being the primary cause of the,
s fecessions. The more important net
changes are:' iAdvancesESt.P Paul lfirsfg
L. & ID. extension and Kansas Pacific,
consol trust receipts, 3; Erie firsts.
funded, 21a; Erie first consols, 1H::
Oregon Improvement consol IS, z;
minneapolis q st. Louis firsts, South
western extension and st. Paul e.
Northern Pacific firsts, ~; Cordage
Grsts, trust receipts, 13a; Union Pa cific.
Denver q Gulf firstsE IA; ST Paul.
Minneapolis & Manitoba 41as, 1k: and
Kansas Pacific IS, Denver division.
asSented, and Ohio & Mississippi con,
Stol Is, 1 per cent: Deciines-Kansas &
Pacing Of Texas IS, 1B per cent; Nash
vile & Chattanooga consol 5s, i14. and
Peoria, Decatur & Evansville second
trust receipts and Michigan Central
consol 5s of 1902, 1 per cent.
The following table shows the f1uc.
tuatlons or the leading railway and
industrial stocks Vastar6av.