The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-11-11
STOCKS ARE STEADY
ONLY SLIGHT NET CHANGES SHOWN
BY THE DAYS FINAL
PRICES.
MARKET BROADENING OUT.
OUTSIDE INTEREST INCREASED BY
RELAXATION IN THE MONEY
RATE.
SOLD OUT BULLS ARE STRUGGLING.
Strenuous Efforts to Bring About a
Reaction Apparent in the Specu-
Iatfve Movement
MARKET BROADENING OUT
SOLD OUT BULLS ARE STRUGGLING

NEW YORK, Nov. 10.-The stock market
today displayed continued activity and a
broadening tendency, with the industrials
again in comparative obscurity aside from
Sugar and Chicago Gas. Tho speculative
movement reflected strenuous efforts by
sold-out bulls, and by the bear professionals
to bring about reaction. The tactics en-
ployed were only partially successful owing
to heavy purchases Of the low-priced shares
and increasing outside interest in the market
generally, which stimulated by further
relaxation in the money and commercial
paper markets and a decided reaction in for
egn exchange rates. Time money was loaned
for ali periods at AZ per cent on choice stock
exchange collateral, and at per cent on good
mixed securities. The market for discounts
broadened and considerable prime paper was
taken, in exceptional cases. at Az per cent
with 51a per cent the high figure. Good West
ern single-name paper was discounted at
6 per cent, which week ago was practically
unmarketable. Actual demand sterling was
quoted by some drawers 1c lower, and sixty
day bills we're also shaded materially, while
in some instances posted figures were re-
duced cent. The weakness of the exchange
market was attributed partly to the cover
ing of sixty-day sterling loans and of pay
ments made for blocks of our government
and other securities recently sold in this
market for foreign account.
On the other hand, a depressing influence
is beginning to be exerted on exchange by
renewed foreign buying of our railway in
vestment bonds and stocks The advocates of
lower prices were also checked sensibly by
the favorable impression created at home
and abroad by the exceptional success Of the
New York city municipal bond ISSUE The
efforts now making to bring the business of
producing and carrying bituminous coal to a
profitable basis, in Justice to the operators,
ROT 1rxYoy oVad t.
speculation, as the revival of industrials gen
orally is certain to create an enlarged demand
for coal. commission house Inquiry for
low-priced stocks was again a feature of
the dealings. The efforts Of the bears re-
ferred to and realiZations caused an irregular
movement, but the fluctuations were com
paratively unimportant, so far as the active
list was concerned. The greatest pressure
was directed against the grangers, Sugar, Chi
cago Gas and Reading. Renewed favorable
rumors regarding Manhattan caused an ad-
vance of per cent to 104, and the greater
part of the improvement was retained Con-
solidated Gas was erratic within a wide range
and left off at a slight net loss In the
afternoon session the market lapsed into com
parauye dizziness and fluctuations were mar
row. The closing was fairly active and irreg-
ular, but final prices showed only slight net
changes either way in the leading shares.
Bonds were easier in tendency early but
hrmed up toward the close. The sales were
s., 900. Governments were irregular, with
In narrow limits, on sales of $4,000 Silver
certificates were heavy recedinR to G47S on
sales of $12 900.
The total sales of stocks today were 1885,
25S shares, including: Tobacco, 6,10O; Sugar,
q. 800; Burlington, II 800; Chicago Gas, 300;
C., H., V. & T., 1880; L. & NJ, 10000;
Northwest, $500; Northern Pacific, 400;
Northen Pacific preferred, 17600 Ontario &
Western, $500; Reading, AZ, 200; Rock Island
11.1O0;- st. Paul, 20800 Texas Pacific, 121 00
Weztern Union, 10. 900; Southern, 8, 700; South
ern preferred, $500
The following were the fluctuations of the
leading railway and industrial stocks yester-
dlV