The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-10-29
STOCK TRADING LEFT ALMOST EN-
TIRELY TO THE PROFESSIONAL
ELEMENT.
DAYS NET CHANGES NARROW.
PRICES IN LATE RALLY CAR
RIED BACK TO STARTING
POM.
MOVEMENT IN SPECIAL CASES
Changers In General Firm and a
Fraction Higher-ConIers
Weak as Group.

NEW YORK, Oct. 2S.-Today's stock market
was exclusively in the hands of the profess
sional traders and developed nothing of signi-
ficance in it's bearing the general condition
of the country. The market was inactive and
the movement of prices sluggish. Trading
was almost stagnant at times. The traders
did the best they could to influence prices by
manpu ative buying and selling and by dis
semination as news rumors OF their respec-
tive hopes and fears. The only response of
any moment shown in special cases,
with slight sentimental effect the gener-
al list, but the professionals were unable to
induce any following and in meeting their
earlier contracts carried prices back to near
the starting point One of the special stocks
affected Pacific Mail, which declined at
one time 214 on account Of the decline in
earnings shown by its September statement.
The stock recovered to within fraction OF
last nights close. Sugar after a substan-
tial gain, fell 21a points, but also recovered
to net decline OF fraction. The coalers,
a group, were weak on the unsatisfactory
condition of the trade Notwithstanding
coveries near the close, their net losses were
point or over.
The grain carrying roads, en- the ether hand,
displayed firmness. which was principally due
to roseate forecasts of the September earnings
of the Burlington, the statement of which is
yet to be published. By reason Of this in
fuence, railroads generally fraction
higher, except some Southern roads and the
coalers, while the industrials and specialties
are generally lower. There was still some dis
position to advance fears of the CUBAN ques-
ton as motive for the selling. Union Pa
cific was less active and was uncertain in its
movement on account of doubts as to just
what changes in the plans OF the reorganza-
ton committee involved in the advance
bid to the government. The doubt applies not
only to the plan of financing the new COM
pany, but to the ultimate disposition of the
Kansas division, which the committee pro-
fesses tse-f willing to relinquish to the gov
eminent so far as the subsized portion is
cerned. The stock closed "a higher. The ar
engagements for the payment to the govern
ment and for the governments payment of
bonds coming due on January 1 are also
looked forward to with interest for their effeot
on the money market The sum to be paid
to the government will considerably exceed
that to be paid out but the continued excess
of disbursements over receipts in the daily
operations of the treasury will help to make
this up. 1t is believed that any market effect
on the cost of money will thus be avoided.
Central Of Georgia second incomes declined
1B and the third incomes a point among
bonds Kansas d Texas issues were weak.
Dealings were not on a large scale. Total
sales, $1,5S0,0OO. U. s. 5s were advanced Is
bid.
Total sales of stocks today were PSI, coo
shares, including: Atchison pfd, $780, Burr
ington, 20, 935; L. & N, 7,1GO Missouri Pacific,
$3.50; N. Y. Central 1860; Narthern Pacific.
pfd, $751; Reading, 4,6oO; Rock Island, c 200;
St. Paul, 2790O Union Pacific, 25 $50 Bay
Mail, 6,877; Sugar, 81, IA; Tennessee Coal &
Iron, 5707 Chicago Great Western, $50
The following were the fluctuations OF the
leading railway and industrial shares fur
nshed by c. II. F. Smith & Co., members
New York stock exchange and Chicago board
of trade: