The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-12-04
STOCK LIST NIX-Up
THE MOVEMENT OF PRICES IN THE
MAIN IRREGULAR AND
ERRATIC.
NO VERY MARKED TREND.
FINAL Squirt IN MANHATTAN
SAVED THE MARKET FROM
GENERAL LOSSES,
THE FIELD LEFT TO LIE FALLow.
Outside Public and the Big Oper-
ators Conspicuous by Their Alb
sence From the Pit.

NEW YORK, Dec. 3.-Outside buyers had
withdrawn from the market today and the
field was apparently left to lie fallow by the
large operators who have been prominent in
the manipulative movements of the week.
The heavy throwing over of stocks by large
operators yesterday to realize and by others
later to save losses, discouraged the outside
public. The bears were in evidence from
time to time today. but their offerings
seemed to be well absorbed without effecting
any marked Declines though there no
evidence Of any effort to mark up prices.
The action Of the market suggests that large
operators may be attempting to pick up
line Of stocks at the decline before pushing
prices again with the purpose to realize while
the public is still buying, as was done on
Monday, and again yesterday.
Sugar was exceedingly active all day and
acted in a very feverish manner. This was
partly due to realizing on stock bought in an
ticipatiOn of the treasury decision to apply the
countervailing duty to sugar imported from
the Netherlands and partly to confusion of
mind as to how far the differential ON re-
fined sugar would inure to the benefit of the
Sugar trust. A large portion of the specula-
ton was taken up with this stock and the
offerings and the weakness increased as the
day progressed.
Union Pacific manifested some weakness at
I1lifCo Oll 1SSOuAI VI ilILuIy SApISSSSu III
tention of the government to qualify as a
bidder at the Kansas Pacific sales so as to
protect its interests # necessary by bidding
in the property. Denials were also offered
on behalf of the reorganization committee
that any agreement had been arrived at with
the government for acquiring the subsidized
portion of the line in Kansas. There was
good support apparent for the stock notwtth
standing this published news and the Kansas
Pacific eonsol 6s trust receipts were also
steadily held.
The wide and irregular movement OF some
special stocks kept the general list very much
unsettled during the day and it was difficult
to discern any marked general tendency In
the trading. London was again a seller of
stocks in this market to some extent. There
was little general news bearing on the stu
alton and the movement of prices was due
almost entirely to the technical causes. The
weekly statements of St Paul and other roads
and the estimated gross earnings of Rock
Island for November were regarded as favor
able, but had little effect on the market.
late squirt of Manhattan to 105, a net rise
of points, stiffened prices and brought many
of them above yesterdays closing level. Other
wise losses would have predominated. The
rise in Manhattan was due to a false rumor
that the underground rapid transit plan had
been declared unconstitutional.
In bonds business was somewhat curtailed
but still large. Prices held firm. The total
sales were s2,59O,0OO. There was a net adj
vance in the bid price of U. S. Is of II and
of the new As of Is.
The total sales of stocks today were 313 900
shares, including: Atchison pfd, 1880; Burl-
ington, 10 1853; L. 4 NJ, 1850; Manhattan l.,
2S,5C0; Metropolitan. $3.50; Missouri Pacific,
1915; Northern Pacific, $50; do pfd, 81
$40; Rock Island, 1851; st. Paul, &c, 6O2;
Union Pacific, t. r., 12,O45; American Tobacco,
3A0; Peoples Gas, II, 800; Sugar, &c. $50; Chi
cago Great Western, II, 1926.
The following were the fluctuations of the
leading railway and industrial shares fur
nished by G. H. F. Smith e Co., members
New York stock exchange and Chicago board