The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-11-20
MOST ENTIRELY TO PROFESS
SIGNAL OPERATORS.
DlVIDEND-PAYERS WANTED.
SUCH SHARES FINDING THEIR WAY
INTO THE HANDS OF IN
VISITORS.
DAYS NET CHANGES UNIMPoRrANT
In the Final Hour Prices We're
Fractiona1ly Depressed by a
Determined Bear Drive.

NEW YORK, Nov. 1s.-The stock market
is dull and moves, generally speaking. within
narrow range, owing to the fact that hold
ers Of securities will not sell to any appreci-
able extent, although nearly all of the pro-
fessionals are ranged upon the bear side.
Transfers Of the dividend aying stocks show
large and steady movement into the hands
OF investors, and representative investment
bond houses report the largest overtime
counter inquiry for small lots Of bonds, in
Guiding governments railway and prime
municipal issues, that has ruled within
year. individuals, corporations and trust
companies are in the market for large and
small lots of bonds, and the supply Of first
class material Is light. Leading bankers
say that it is difficult to put out short time
money at even four per cent while the market
is bare CT prime mercantile paper, in the face
OF brisk demand. These facts explain the
Indifferent success obtained by the bears re-
Gently in their efforts to shake out long stock
IN cases where there is no specific unfavor-
able news Business today, was light and
was practically confined to four stocks the
dealings rejecting almost entirely professional
operations. The market was strong in tone
IN the early session. and noteworthy gains
were scored in the spScialties. The shorts
covered freely. Actual sterling rates were
marked up about half cent and in some
instances posted figures as well. The strength
OF exchange attributed to the increased
demand for remittance purchases, facilitated
by the easier monetary conditions here. There
was some disappointment in bear circles over
the fulfilment Of the predictions of an adj
vance today in the Bank Of England rate
or discount. The Changers and other leading
railway shares made substantial gains and
the speculative temper showed q decidedly
more cheerful sentiment. Foreign houses
were moderate buyers of the international
ShareS, but without marked influence upon
prices Bay State Gas was a notable excep-
ton to the general trend of values falling
z per cent on Hquldated sales METROPOLITAN
traction worked per cent lower on liouida-
tlon and Is now ruling at about the figure
tnaC Obtained previous to the declaration of
the scrip dividend. The market in the late
trad1ngs lacked important features until the
final hour, when a determined bear drive
forced Sugar down 15s and other shares 1501
per cent The low priced stocks were offered
freely, particularly American Spirits Tennes-
see Coal and Pacific Mail and Southern Rail-
way preferred. Toward the close covering
purchases impaired a steadier tone to the
market The net changes were unimportant.
Inc bond market was fairly active with an
advancing tendency which was most pro-
nounced in the inactive issues Sales were
81, 2Se0O. Governments were firm and notably
higher for the currency issues. Sales were
$5Z 100. Silver Certificates were dull but a
trlne hrmer on purchases of $4,000. Total
sales OF stocks today were 2o3 351 shares, in
cluoing: American Sugar, 40 100; Burlington
), 100; Chicago Gas, 1890; General Electric
1000; Manhattan $500; Pacific Mail, $500:
Reading, 10000; Rock Island 1000; st. Paul
1860; Tennessee Coal & Iron 1890: Southern
preferred, $500; Silver Certificates, 10 600.
The following were the fluctuations of the
leading railway and Industrial stocks yes
terday: