The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-11-06
TOOK OUT PROFITS
REALIZING WAS THE FEATURE OF
THE NEW YORK STOCK
MARKET.
SHARP FRACTIONAL LOSSES.
GENERAL SHARE LIST CLOSED
WEAK AND LOWER ON THE
REACTION.
SHARP FRACTIONAL LOSSES
BOND MARKET LESS ANIMATED.
In Sympathy With Stocks, the Spec
ulative Issues Displayed a Marked
Tendency to Decline.

NEW YORK, Nov. 1.-The railway shares
as group, again today absorbed more spec
ulative interest than the industrials although
some notable movements occurred in Sugar
Tobacco and Chicago Cas- The market re-
nected the enormous profit taking on the
boom yesterday and, although the total tran
sactlons fell short Of Wednesdays record by
about $4,000 shares, the operations during
the last hour were as animated, and upon as
large scale as on that day. Extreme ir-
regularity characterized a number of stocks
particularly in the .industrials and speci-
alties, and the course Of prices trended lower
the declines being accelerated by a renewal
OF stock jobbing rumors of impending Cuban
complications. London was not a noteworthy
factor in the speculation and there was but
little in the way Of important new develop
ments, although an easier condition of the
money and commercial paper markets was
noted, time funds touching a minimum of
per cent for all dates This condition was
partly responsible for further hardening
in actual sterling figures, but the rise was
also attributed to temporary ind sposition
OF leading houses to draw bills, while, on the
other hand, the demand from importers was
reported somewhat urgent
The star performer was Tobacco which
made point fuctuation. The stock sold
down rs early to 1915. Jumped to "a on
the declaration of four per cent dividend
and finally slumped rapidly and without
ether explanation than realizing to 49, Man
haitian fell to SO, rallied later to 97A and
reacted to 96$ at the close. Chicago Gas i'm
proved 2as to 77as on the expected impend-
ing declaration of disbursement of IL per
cent, but sold off in common with the gen
eral list touching 76. Sugar declined 27s to
1885 rallied to 49, reacted to 116A and fin
ally rallied about a point.
The market had exhibited sagging ten
dency in the forenoon speculation upon a.
considerably diminished volume of business
as compared with Wednesday, developed ag-
gresslve strength around the midday under
the leadership of Tobacco, and the best prices
Oh the Gay were made. Among the special
ties, Flint & Pere Marquette jumped AZ
and the pfd 4% the first losing II of the rise
Illinois Steel, on the other hand broke 55s
to 4612. Around delivery hour the advance
was stemmed, and the market became ex-
ceptionally active and excited on the Cuban
war rumors referred to above and prices
slumped all along the line. Special pressure
was directed against the industrials. To-
bacco breaking 5. Sugar SIS and Chicago Gas
Ia per cent. The railways receded 1@1A.
The closing was weak at sharp fractional
net declines generally.
The railway bond market was less active
but showed decided weakness on proft-tak-
ing. The Atchison and other leading issues
were sold freely with comparative prices
showing general concessions. The sales
were $2,212,OOO Governments were weak and
lower on sales of $33, Co., Silver certificates
showed strength and moved up 15c ON pur-
chaScS of $25 900.
The total sales Of stocks were 45O, 1858 shares,
including the following: Tobacco 10 200;
Sugar, $4,000; Burlington, 81, 600; Chicago Gas
$1,000; General Electric 1880; L. & NJ r. $50;
Manhattan, $500; Missouri Pacific 700; Read
ing, 1920; Rock Island, 12 500; St Paul 80,
Pacific, 600; Western Union 5000: w &
L. E., $500; Southern preferred, $500.