The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-10-06
DISPOSITION AMONG THE TRADERS
TO LET THE MARKET LIE
FALLOW.
THE LIST GENERALLY LOWER.
INDIVIDUAL RALLIES FAILED TO
BRING ABOUT ANY VERY
MARKED ADVANCE.
TRAFFIC REPORTS FAVORABLE.
Not All the Roads Directly Involved
BENEFITED by the BuIlish Re-
turns of Earnings.

NEW YORK, Oct. 5.-Not in many weeks
has Wall street seen so dull a day as this.
1t was offered as an explanation that the
eve of the Jewish day of atonement called
many Of the brokers and operators from
the street But there was, apart from this,
manifest disposition to refrain from trading,
and to leave the market to lie fallow for
a time. Yesterdays sharp reaction apparently
admonished the bulls that conditions are not
ready for resumption of the advance. The
favorable factors which developed during
the day, although they affected, for time,
the individual stocks to which they applied,
were ineffective in causing a general adj
vance and prices of most stocks closed lower
tonight. Union Pacific was exceptionally firm
and practically recovered from yesterday S
decline owing to the discredit attach -ng
to reports of an English syndicates intention
to outbid the reorganization committee ut
the approaching foreclosure sale. Louisville
& Southern pfd were sustained by their good
showing of earnings. All of the traffic state
earnings, but not all the stocks of the roads
affected derived any benefit. Union Pacific
was assisted as well by report that it's
differences over traffic exchange with the
Oregon Short Line had been adjusted and the
latter stock was also strong during the day.
The principal activity centered in the spec
ialties and the trading In them was largely
based on vague rumors that had nothing to
do with the general situation.
Actual rates for sterling exchanbge fell Il
for sight and Il for long This led to in
creased talk of early good imports. In this
connection it is interesting to know that to-
days statement of the weeks exports of
general merchandise shows a decrease of
s4S0,77 from last week, while that week.
imports, it will be remembered, increased
$1,SS2364 over the preceding week.
Today's losses were for the most part
fractional but reached a point in Chicago Gas,
Bay State Cas- Erie first pfd, Metropolitan
Traction, Michigan Central Omaha Susque-
hanna & Western pfd and st. Louis & San
Francisco first pfd.
There was falling off in the activity in
the bond market, but prices for the most part
were steady and in some cases active. The
total sales were $1,4O0,000. The fves regis
tered rose 1sc bid There was a sale of the
fves coupons at 1.151a.
Total sales of stocks today were 346 500
shares, including: Atchison pfd, 5S12; C.
& o., APPS; Burlington, 1,155; c., c., c. &
st. L., 1910; L. C N, S,195; Manhattan,
0,23O; Mo. Pacific, 12,3S5: N. Y. Central, g.
1851; Reading, 1857; Rock Island, 1921; st.
Paul, 2S,705; Southern pfd, 6,S45; Wabash
pfd, $3.50; Uuion Pacific, SO ,920; Tobacco, A.
III; Bay State Gas, 1920; Chicago Gas, 49,
$50; General Electric, 1850; Pacific Mail, g.
G. W., II, $40.
The following were the fluctuations of the
leading railway and industrial shares fur
nished by c. H. F. Smith & Co., members
I New York stock exchange and Chicago board
of trade:
Closing are bid prices