The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-11-05
STOCK LOSSES TO SMALL
FRACTIONS.
DAYS COURSE DOWNWARD.
GOOD SUPPORT WAS FORTHCOMING
IN SPITE OF GENERAL LIQUL-
DATION.
BREAK INTERRUPTED BY RALLIES
Firm Resistance to the Sinking
Tendency Shown by Many Of
the Standard Railways.

NEW YORK, Nov. 4.-Today's business on
the stock exchange was larger but the losses
at the close were nowhere near so large as
those of yesterday. Although the liquidation
was heavy, large blocks of stock being thrown
on the market, there was good support forth
coming at the decline. Although the general
course of the market was downward, it was
constantly interrupted by rallies, and as one
of the periodical recoveries came in the last
half hour of trading the days net declines
are small except in some of the less active
stocks.
Prices for American securities received from
London, at the time of the opening here,
showed recoveries of a fraction all around,
and the opening prices here were advanced to
the London parity, which were the highest
prices of the day on the local exchange Re-
action soon set in and Sugar showed signs
of continued weakness. Later in the day an
authorized statement reporting satisfactory
L-oKress towards recovery from surgical
operation by the president of the company
steadied this stock and eliminated one of the
principal elements of the weakness in the re-
cent market Many of the standard railway
shares showed firm resistance to the down.
ward tendency all day, and helped the tone
of the general market The coalers showed
some recovery from yesterdays weakness, and
St. Paul and Burlington held their own firmly.
Arbitrage brokers bought stocks in this market
for London account but this was probably to
cover selling contracts made at the early
higher level in London. Nevertheless this
tended to counteract the weakness in the local
market Traffic returns from railroads were
another favorable influence Missouri Pacific
showing an increase in earnings of $1650O0
for the fourth week in October. and Chesa-
peake &, Ohio an increase of over 900 for
the same period. In comparing current traf-
fic returns with those of a year ago it Is
pointed out that the period for this year has
two Sundays, while that for year ago had
only one In the case of the grain carrying
roads also, last years October business was
very large, thus making this years compari-
son less striking Consolidated Gas declined
today 9A, Pullman 21a, and Sugar preferred
"a.
Bonds moved in sympathy with stocks and
showed declines Total sales, $45O,O00 United
States old As, registered, and the new As were
advanced 1sc bid.
Total sales of stocks today were $4,000
shares, including: Atchison preferred, 1855;
C. & O., $780, Burlington, 36,425; l.. & NJ,
S.287; Manhattan. 3,445: Missouri Pacitic,
1855; N J. Central, 1855; Northern racine
preferred, Is, f20; Reading, 1910; Rock Island,
1870; st. Paul, 2s,7S7; St. Paul & Omaha,
preferred, 1872; Wabash preferred, 5,1CO; To-
bacco. S. $40: Bay State Gas, II, 1865; Chitago
Gas u .128; Electric, 4475 Sugar, 60611i w.
u, 81, 966; Chicago Great Western, $3.50
The following were the fluctuations of the
leading railway and industrial shares, tur-
nished by G.. H. F. Smith d 90, members
New York stock exchange and Chicago board
of