The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-11-25
SWAh1 NET GAINS
RECORDED FOR THE STOCKS IN
THE GENERAL NEW YORK
LIST.
NEW SHORT LINES PUT OUT.
THIS, WITH LIQUIDATION, RESULT
ED I'm REACTION AND A WEAK
CLOSE.
THE sPEcIALTIEs HAD THE CALL.
High-Priced Shares Raided by the
Bears in the Late Dealings
Bonds Firm.
NEW SHORT LINES PUT OUT.
THE sPECIALTIES HAD THE CALL.

NEW YORK, Nov. 24.-Dealings in stocks
were almost entirely professional today and
were limited in volume Covering of shorts
in London, incidental to the first making
up day for the fortnightly settlement was
responsible for higher quotations for Ameri-
can securities at that center although the
easier trend of the money market there
encouraged moderate buying for long account
These developments inspired a local cover
ing demand in the forenoon trading. but the
subsequent putting out of new short lines re-
moved the chief element of support and to-
gether with realizations and some liquidation
caused late reactiOnary movement in prices
In the first two hours of business the trad
ers, following London's lead, succeeded in
advancing many of the leading shares i'm
portant fractions the greatest improvement
being noted in Louisville C Nashville st.
Paul, Burlington and a few of the special
ties. In the inactive shares the gains were
material. Great Northern preferred rose 8
to 122, and Lake Shore IL per cent to 1929
The persistent gossip regarding the alleged
impending consolidation of the local gas
interests was reflected in a rise of per cent
in Consolidated Gas. Leather preferred i'm
proved q per cent in sympathy with the
general list, but around mid day developed
weakness which became quite pronounced,
on disappointment as to the amount of the
dividend declared, namely, l per cent In
some outside circles, expectations of a dis
bufsement of 8, or even 4 per cent, had
been excited. The official announcement was
followed by a rapid slump of 49s per cent
to 6212. The drive at the stock uncovered
a number of stop orders and checked the ad-
vancing tendency in the general market. The
bears paid special attention to the high
priced stocks Sugar was forced down ~
per cent, Manhattan IL, and Chicago Gas
IA per cent. The concessions In the rail-
most important in the grangers and south
westerns. The closing was weak, with most
shares recording small net gains.
The bond market was only moderately ac-
tive, but decided strength was displayed in
some of the inactive issues. The speculative
bonds made slight gains generally. The prin-
cipal advances were: Minneapolis & St. Louis
hrsts, Pacific Extension 5, St. Paul, Iowa &
Minnesota division frsts, Milwaukee, Lake
Shore & Western frsts, Michigan division,
Baltimore Belt 1rsts guaranteed, Pittsburg
Shenango & Lake Erie firsts and Peoria Il
Eastern firsts. per cent. Governments were
strong and fractionally higher. A block of
$10O, 900 of the new fours changed hands at
1875. The sales were $126500. In state Sc
curities $4,000 Louisiana consol tours sold
at 96.
The total sales of stocks today were 15S, PIG
shares, including: Sugar, % goo; Burlington
IS, 400; Chicago Gas, 10000; L. & N, 1900;
Manhattan, $500; Reading, Ii, 100; st. Paul.
IA, 600.
The following were the fluctuations Of the
leading railway and industrial stocks yes