The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-11-24
\. p. STlLL STRONG
ITS CONTINUED FIRMNESS A FEAT
URE OF THE NEW YORK
MARKET.
SMALL NET GAINS GENERAL.
BUSINESS OUTSIDE A FEW STOCKS
CONFINED LARGELY TO ROOM
TRADERS.
ADVANCE IN STERLING EXCHANGE.
Many Millions of American Money
Out at Interest on the CONT
nent and in London.

NEW YORK, Nov Birthdays market for
stocks was the reversal of yesterdays, and
represented nothing but the operations or
room traders outside few stocks. The list
generally shows small net gains on the cover
ing of short contracts made yesterday. There
was continuance of the strength shown yes
terday in the Northern Pacific stocks, espe-
cially the preferred, which rose -9s by the
close of the day. Metropolitan and the Rub
Der stocks also displayed strength, all gam
ing over point. The strength of the Rub
Der stocks was due to rumors of the pro-
posed absorption of competing company.
Consolidated Gas was notably weak all day
on the doubt which is persistently kept alive
concerning the prospects of the merging
of local gas companies. 1t showed an eX-
IRENE decline of 61a points, but recovered
part of this. Brooklyn Union Gas lost
point in sympathy. The stocks of the Amer
lean Spirits company showed weakness on
the reports of the demoralized condition of
the trade. The common stocks fell during
the final hour to point 212 per cent peloW
last nights close, and the preferred 3B per
cent. Both stocks rallied, but very feeoly.
The coalers also inclined to weakness, though
thev showed some recovery from the lowest.
There was some selling Of Union Paclnc'
probably induced by the call for payment for
the third per cent assessment tomorrow, but
the decline did not exceed u and was re-
covered before the close. Leather preferred
was weak and lost over a point on disap-
pointment that the dividend declared was
limited to l per cent. There was some little
selling of st. Paul and Northern Pacific pre-
ferred for London account but without per-
ceptible effect on this market.
feature of the day was further rise
of II in the actual rates for sterling exchange.
This Is in face of a continued very neaVy
outward movement of merchandise ana Oh
selling of securities here for London account
of insignificant proportions. The weeks ex-
ports of merchandise from New York ex-
ceeded those of last week by $2,564,COO in
value and are almost as much in excess OF
those for the corresponding period OF last
wear The dullness and frmness or the eX-
change market are undoubtedly due to the
lending of money abroad In preference 10
drawing on it by exchange bills Chlcago
bank official is authority for the statement
that several million dollars OF Chicago money
is now leaned in England and on the con
tinent and the total amount OF money owing
to persons in the United States, but lett 10
draw the higher rate of interest IN M
and on the continent undoubtedly mounts up
to many millions, though no accurate estl-
mate can we'll be made of it.. u
Trading in bonds was active ana prices prices
were for the most part firm. Total sales,
81 525 Geo. United States new as rose 1s pl9
and the cid As coup. and the 5s reg. declined
Il hid. ,=o eoo sbores
inc md Burlington 1850; Manhattan,
sI4o: Metropolitan Traction, 5,323 New Je9-
sew Central. $500; Northern Pacific, d,d42;
Northern Pacific pfd 80 gSo Rea H1l , MON
pacific Ass: Bay State Gas, $3.50; Con-
sciidated Gas. 9,O8s; Sugar, 17,725.
The following were the fluctuations of the
leading and fm ndHstIla co 5naT members er
s Marr YORK stock exchange and Chicago board
- roie