The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-12-01
FRACTIONAL DECLINES IN RAIL-
WAYS AND MATERIAL LOSSES
Il IN SPECIALTIES.
THE LIST RAIDED BY BEARS.
LONG INTEREST DISPOSED To
STAY OUT OF THE MAR
BIG BULL CAMPAIGN IMPENDING.
Certain to Come If the Message of
the President Is Along Consery-
/ alive Lines.

NEW YORK, Nov. 30.-The indisposition Of
the general public, well as other operators
VINO were usually Identified with the long
3 side, to make ventures pending the delivery
OF the presidential message, continues to favor
the bear faction. Bulls say that If the mes
sage is conservative on the Cuban question. as
1t is said to be, outside buying and a run
OF the bears to cover are practically certain
to result. There is no important liquidation
OF long stocks, and the volume of short con-
tracts outstanding is believed to have in
creased materially of late The exceptional
ease of money and recent complete reversal
OF financial and exchange operations as be-
tween New York and London, are laid special
stress upon by the security holding and own
ing interests, and, other things being equal.
afford the sinews of war for bull campaign.
Meanwhile. dealings in stocks are practically
confined to the traders on the floor of the
exchange The bears were again successful
To-Day IN forcing lower level for prices but
the movement was irregular In this respect
ana also in point of activity as intervals
OF profound dullness were alternated with
spasms OF animation. This condition was due
to spasmodic efforts to cover shorts The
mai comparative figures, however show i'm
portant fractional concessions in the railways
and more material declines In some of the
specialties.
The reported absence of liquidation does not
hoid good as regards the specialties, which are
SUBJECT to peculiar trade or speculative factors
LONDON continues to work in perhaps I'M
premed1tated concert with the local advocates
OF lower prices with more unfavorable senti-
ment than is warranted by the extent of its
operations.
The market opened at general concessions
Wnlcn later became quite marked, Incidental
~ renewed nrmness in the exchange market
posted ngures, In one instance being advanced
zee TO $4S4RQ4.S8, the highest quotations
recorded for long time past The speciaIties
were the features of the market Sugar was
the leader In volume trading and lost 23s
per cent, the extreme concession made in the
actiye list. The ostensible cause Of the break
MAS Was tne reported suspension of the Williams
puIs rennery. Manhattan sagged 216: Gen
eral Electric, "a; Consolidated Gas Ia.
Leatner preferred 49, and various other
STOCKS LOLA per cent. Laclede Gas fell 21L
per cent In anticipation of the long pending
supreme court verdict, but recovered Ia per
cent later. New Jersey Central became prorni
ment In the closing dealings and declined
229s per cent on selling assumed to be for
long account. The closing was sluggish and
weak at the lowest price
haliWay bonds were dull and lower. but the
oecnnes were fractional and were largely
e se mi to~the inactive issues Sales were
?n,oo IVY 80 governments were firm on deal
me total sales of stocks were 1879 e65 shares
including: Sugar, $500; Burlington II. 900:
Chicago Cas- 100; General Electric. i SEQ. r,
q @ ~ S,SVO; Manhattan, $500; Reading %, 100:
noch lsland, $500; st. Paul, Ii, 200; Western
onlon' $40: Southern preferred 1900.
The following were the fluctuations of the
ieaoing railway and Industrial stocks yester
day, furnished by C. H. F. Smith 3 &c
members of the New York stock exchange and
the Chicago beard OF trade: