The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-11-07
STOCKS MOVED Up
NEW york MARKET STRONG ON A
GENEROUS VOLUME OF
BUSINESS.
COVERING WAS A FEATURE.
BIG SHORT INTEREST INDICATED
BY THE COURSE OF THE
TRADING.
CLOSE FIRM AT THE DAYS BEST.
Transaction in Bonds on Large
Scale and Sharp Fractions Scored
In Many Issues.
COVERING WAS A FEATURE.
CLOSE FIRM AT THE pays BEST

NEW YORK, Nov. 6.-The stock market to-
day, while less sensational than during the
forenoon boom on Wednesday, displayed great
strength, and the volume of business, which
was better distributed, did not fall far short
Of that days record The large number of
hundred share lots dealt In was regarded as
indicating a big short interest and aggressive
strength was displayed in the face of siren
uous resistance to the rise by some profess
sional bulls without stocks Heavy covering
OF shorts all along the line was decided
feature. The buoyancy of the market was
evidenced in the low priced as well as the
gilt edged stocks while the usual spectacular
specialties and industrials also participated
in the improvement This condition of the
speculative temper was due variously to the
dissipation Of yesterdays disturbing rumors
and to the frequent successive reports of re-
viving. Industrial activity in nearly all
branches NJ trade, to the complete disappear
ance Of II prehension regarding the financial
outlook the easier monetary rates and the
distribution Of dividends in certain proper
ties.
Speculative bonds were also heavily dealt
in at material advances in prices. Sugar was
quite erratic, and after gain of 35s to 121
at the outset, 1uctuated sharply between
1872 and 11S1z, closing 1885. The other in
dustrials also fuctuated widely, with Tobacco
anu CAlcag0 GaS the most prominent In the
spec.alties Illinois Steel rose per cent, caus-
ing sympathetic, though less extensive, i'm
provements on other shares of the class. The
more important extreme gains in the regularly
active list ranged up to az per cent in Bur-
lington, Rock Island and Tennessee Coal. In
the low priced shares many usually inactive
stocks made material advances as compared
with previous sales. General Electric came
into prominence in the late trading and under
heavy purchases rose per cent London
operated on both sides of the market but was
a heavy seller at the high levels The Atchi-
son shares were slightly depressed on the an
nouncement of the appointment of q local re-
ownership over a small section of the line in
Kansas. The Importance of this DEVELOPMENT
was made clear later and rallies ensued The
closing was active at the best figures of the
day.
Transactions in bonds were on a large scale
and extensive fractions were scored in many
issues. Large blocks of more prominent bonds
were taken for foreign account a number of
the dealings. In the bonds of reorganized
companies increased activity and broadening
market was noted. The sales were So 1896. OC0
governments moved up slightly on sales of
$SO, GOO. In state issues $50 600 Virginia Cen
turles and deferred certificates were traded
in at slight gains.
The total sales today were 4S8 610 shares
including: Tobacco, 1860 Sugar, Y, 100; Bur
EGgton, Al. 600; Chicago Cas- 81 900: Chesapeake
4 Ohio, $500; Erie, 1900; General Electric,
IL 1GO Manhattan, 5, 700; Missouri Pacific 4300:
N p, 8. 500: N. P. pfd, 5000; N. Y s. & w.
500 St. Paul, $500; Tennessee Coal and Iron
. u go; Union Pacific, 2S,600; Western Union
$500; w. & L. E.. 3,100; Southern. 700:
southern pfd. 5000; Silver Certificates 80, 900.