The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-11-16
OUT OF THE MARKET
THE NEW YORK LIST IGNORED BY
EVEN THE PROFESSIONAL
TRADERS,
NET LOSSES OF FRACTIONS.
CLOSING PRICES ABOVE THE LOW
EST, BUT AT A SMALL
DECLINE.
DAYS TRADING MOSTLY SUGAR.
Strong Rally In the Stock Lifted tn e
General List-Bonds Dull but
Firm.
NET LOSSES OF FRACTIONS
DAYS TRADING MOSTLY SUGAR

NEW YORK, Nov. 15.-WaII street has not
seen so dull a day in many months. Even
the professional traders were almost out
Of the market and there was absolutely no
outside inquiry or sign of interest. A large
proportion of the days trading was in Sugar,
and this stock fell away at one time 23s
points, but closed ~ above that. The rally
was due to a ruling by the treasury depart.
ment to apply the countervailing duty clause
of the tariff bill to refined sugars imported
from Denmark. The amount of sugar avail
able for import from Denmark is not in It
self large, but the treasury's decision was
regarded as indicating a course likely to be
pursued in regard to Dutch refined sugars,
Of which the supply available for import
is large. This rally in Sugar helped the
market somewhat and was almost the only
indication of real strength in any stock
throughout the day. In the closing transact
lions Susquehanna & Western preferred sud
denly mounted upwards to SAY, net rise of
2ss, and the bonds of that company also
showed some sharp gains. No effect was ex-
ercised on the general market by this.
Northern Pacific preferred was relatively
firm on its first weeks statement Of 1888, S6S,
or 43 per cent over last year. Last years
earnings for the same period were not large
and there was one more business day in
the showing was regarded as a strong one,
nevertheless. Peoples Gas, which was dealt
in ex-dividend of IL per cent, was a center
of depression and closed point lower. The
coaIers were also weak, New Jersey Central
most conspicuously So falling at one time
215 points, but rallying a fraction. CONSOLE
dated Gas made one of its characteristic
slumps Of points to $50. This was points
lower than the previous low point OF the
present movement. The stock rallied 112
at the close. The heaviness and dullness
of the market was partly in sympathy with
London, where the prices of securities showed
declines on account of some apprehension
over European politics due to threatening
conditions on the borders of Turkey.
There was some disappointment over the
failure of the supreme court to hand down
a decision in the Nebraska maximum freight
rate case before its two weeks recess. Clos
ing prices are considerably above the low
est of the day In most stocks, but the gen.
eral list showed net losses of a fraction ex-
ceeding y in most cases. Some selling Tor
London account added to the weakness. The
total sales of all stocks was less than 1SO, 600
shares of which Sugar contributed almost
one-fourth.
The bond market was dull but prices were
IS coup. were u higher bid.
Total sales Of stocks today were 40, !OO
shares including: Burlington, 1880; Louis
Vile, S,7M; Northern Pacific, pfd, $3.50; Rock
Island, 13, G55; st. Paul, 1860; Bay State Gas.
20 143: Peoples Gas, 1920; Consolidated Gas,
600; Western Union, 1882; Sugar, 54,OlO.
The following were the fluctuations OF the
leading railway and industrial shares, fur
nished by c. H. F. Smith &. Co., members
New York stock exchange and Chicago board
of trade: