The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-11-13
BACK TO NORMAL
STOCKS HAVE ABOUT RECOVERED
FROM THE SLUMP OF
WEEK AGO.
THE SUGAR SHARES RAIDED.
AFTER A FAILURE TO DEPRESS
PRICES THE BEAR SIDE
SUBSIDIZED.
MARKET WITHOUT ANIMATION.
Good Gains In the Changers, the
COn1ers and the Southwestern
ROads-Bonds Higher.

NEW YORK, Nov. 12.-Today's stock mar
ket was entirely without animation at any
time. A preliminary drive at Sugar and
one or two subsequent raids against that stock
failed to dislodge any large offerings and the
subsequent dealings IN that stock showed
greatly diminished activity and f1rmness Of
tone. Its losses were all recovered and the
close showed net gain of a small fraction.
The low price for the day, which was 1851
was new low point on the present move
ment. Sugar was easily the leader In the list
In point of activity, and absorbed one-third
OF the total dealing. The coalers showed
some strength on account of the approaching
cold snap. They were helped also by re-
ports OF restriction of output by individual
companies. New Jersey Central led this
group and advanced at one time to points
but closed at a reaction Of about point
Consolidated Gas fuctuated wildly, rising
3 points, receding AZ and closing at a net
decline OF ~. Outside of these features, the
market was without particular interest. There
was some continuance Of selling for the Lon
don account, especially of St. Paul, and this
was about the only unfayorable factor in the
news Of the day.
The result of the days trading is to
bring prices back to about the same level
as that held before the very sharp decline
of last Friday. The upward tendency to-
day in the general list was assisted by the
continued favorable character of railroad
earnings reported for the first week OF No.
vember. The increases were especially
marked IN the return Of Southern and South
western roads, which are presumably effected
by the heavy cotton movement, due to traf-
fc now coming forward which as been de-
layed by yellow fever quarantine. The South
ern railway led in the amount Of its gain,
with an increase of Se2, 40 over the corre-
spending period Of last year, the percentage
Of increase being about II. Central, of Geor-
gia, with an increase of $3S,3 77, shows the
higher percentage of 90 The activity IN the
soft coal traffic is reflected in an increase
Of s4S,e6S, or over q per cent, in the earn
ings of the Norfolk &c Western, and OF
SIS, 6G0, or over 100 per cent, in those of the
G., L. & W. The days net gains, however,
In some grangerS, are nearly two points over
the coalers.
The bond market was moderately active at
higher prices. The new Lake Shore 512s sold
at 1854, the highest on record. Total sales,
81, $50, GOO. United States registered is and
the 5s coup. were advanced some and the
new IS to lis bid.
Total sales Of stocks today were 247, 100
shares, including: L. & N, $3.50; Manhattan.
4868; New Jersey Central, 1866; Northern
Pacific pfd, 3,615; Northwestern, 3,215; Read
ing, 4,730; r. l., 1877; St. Paul, %, $50; Q.
P, $500; Bay State Gas, $500; Peoples Gas,
q, 010; Consolidated Gas, 1926; Sugar, so, $50;
Chicago G. W., 3,725.
leading railway and industrial shares, fur
nished by G. H. F. Smith G. Co., members
New York stock exchange and Chicago board
of trade: