St. Paul daily globe., 1895-11-08
LONDON AN ACTIVE OPERATOR
IN THE NEW YORK STOCK
-7tARkETs SD
REcovERIEs IN EUROPE.
GRANGERS AND INDUSTRIALS
COMMAND SPECIAL. AT'TMNy4
TI0N. od
MODERATE LIaUIDATI6A
Strong support for the RaiiWnJ
StOcI>s-Generai Rise in the
Closing Hours.

NEW YORK, Nov. but little
transpired today bearing on the specu-
lation in stocks. London was alter
nately a buyer and seller in this mar
ket. In most instances the railroad
earnings published for the fourth week
in October were favorable. Advices
from the leading European financial
centerS We're more reaSsuring. Per
contra, the rates of sterling exchange
took sttffer turn, although so far as
can be learned no arrangements have
yet been made for exports CT gold. The
continued scarcity of commercial bills
excites unfavorable comment Re-
ports that practically all of the large
refineries except the Franklin, of Phil
adelphia, would resume operations this
week failed to exert a permanently sus-
tanning influence on the price of the
stock
The aggregate volume of business
was fairly large, with the grangers and
leading industrials attracting the
greatest attention. AS whole there
was less liquidation, although several
noteworthy exceptions were in evil
dence. The market opened moderate
ly active and irregular. A hardening
tendency soon developed, and on in
creased dealings prices began to move
upward. The Improvement extended
to per cent in Tobacco and Leather
preferred. Following their usual pro-
gramme the bears started a raid about
IL O'Clock today, taking advantage of
an advance in sterling exchange fig
ures. Chicago Gas was depressed 21s
per cent, and less material losses oc-
Cured in other shares. After mid
day excellent support appeared in the
railway shares and advances were
made in them to the best of the day.
Toward o'clock sales for both ac-
counts caused slump in values, in
which Leather preferred sold down to
% as against So the early high point.
The decline was regarded as due large
ly to renewed liquidation.
The shutting down of the tanneries
of the United States Leather company
mas not caused ripple in the sole
!eather market, and business in dry
Noes is at a practical stanistill. al
tnouSn prices are quoted steady. In
me dhe aate speculation firmer tone was
dlscernible, and the closing was strong,
with many stocks recording substaE-
tlal net gains. In the usually acti, e
shares New England broke to 40,
AGAINST ol, the last preceding sale on
the dst inst. ;Norfoiil 6; Southern rose
to 70, against s., the previous trans
ton. Wheeling & Lake Erie pre-
ferred advanced 11s, declined 3, subse-
qqentiy rallied l5s per cent. u .
Bond: were moderately active and
generally strong. Chicago & Northern
Pacific r f1fsts, Trust receipts, Alton &
Terre Haute firsts and Wabash sec
onds rose ~ per. cent; Brooklyn E!e-
vated seconds, "; Atchison seconds.
trust receipts and Atchison adiustment
fours when issued, IA; Union Pacific
Denver & Gulf firsts, 111s, and Erie first
consols, Kansas & Texas seconds and
Cotton Oil eights per cent: Declines: !:
Louisville, New Albany conso1s, per
cent; Pacific Of Missouri 5ffrsts, i@ !;
East Tennessee reorganization Hen
tours and fives, ", and G., c., C. &
St.Louis consols, New York & Manhat-
tan Beach firsts, Cerdage firsts, trust
receipts and Iron Mountain fives, / per
cent. The sales were 81, ,742 GOO. Govern
ments We're steady on transactions of
$25 900. c7.@s5ss f,S
The following table shows the fuc-
tuations of the leading railway and
industrial stocks Yesterday.