The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-11-08
The Stock Morkets.

Can money, New York -. 1k92
m MEW r YORK Nov. 1.-THE days stock
of operators in securities that with election
uncertainties out of the way. the strong con-
dlaons OF the country Industries and business
vance. This conviction. so far as It found
renection In the market was almost purely
soo professional, for the outside interest as
vas ~ Wy oruerS through commission houses
showed no DISPOSITION to take profits pending
cien+ nu uina atthoughs there has been sufi
bo TnS lise IN the past two days to turn the
palance Oh trading to that side in closing
up OF speculative account. The evidence was
raIher on the side of covering OF shorts
araoinng proceeded In q very desultory man
ner curing the early5 hours Of the day, al
though the selling fori foreign accounts which
was fairly liberal, was we'll absorbed and
prices OF the international stocks firmly sus-
Calnea. southern railway preferred was a
conspicuous example But, as the day wore
on, the market gained both in activity and
strength and embraced an increasing list of
STOCKS. me contemplation of the very heavy
Volulne OF bank exchanges and the enormous
export business in cereals had their influence
on the bullish tendency as did the continued
favorable report Of railroad earnings especial
~ from the West and South. An increase
OF 4oO0 tons In the eastbound freight move
Inent from Chicago was a feature. Hand
soHe increases IN earnings were also shown
py eoutnern railway, Northern Pacific and
Great Northern preferred, the latter showing
$Soo,941 more earned for October than last
year. The stocks, which are junior to the
Hrst mortgage, were favorites and the heavy
business In the bond market today felt the
advantage Of that move. Tobacco showed the
largest activity and gained over 2 points,
metropolitan street railway and Edison Ilumi-
hatlne OF New York, are up to 2 points or
over on talk of advantages to the former
from the use of its conduits for use in electric
Ilghting purposes Notable movements were
an advance of points in American Express
gained nearly points and Lackawanna Q
points. There were dealings In odd lots OF
quite number OF high-grade stocks.
But the most conspicuous movement of the
day was in bonds In this department there
was enormous absorption Of the bonds is
sued FOR the purpose of recognizing Of vari-
GUS companies and running from 80 to 100
years. OF these, the per cents were the
favorities and the Atchison issues were easily
the leaders. gaining 1 per cent in the price
on very large demand. There were individual
$l96, 600 $1OS,O0O and two of 500 600. The Union
Pac1hc As were less prominent, but still &C
tive as were Northern Pacific prior lien fours
prior liens and the Reading As, which
might be placed IN the same class, were
heavy. Marked strength and activity was
Issued, and also by the 31as Dealings In
southern consol 5s continue very large There
was a good demand as we'll for many other
bonds of the middle grade extending in some
sales, s., 10000. -'0 -''A-
United States new Is coupon and the Is
advanced Ac and the old As and the new As
registered and the 5s 1sc in the bid price.
Total sales OF stocks today we're 2S3 AGO
shares, including; Atchison pfd, 2S,CG8; L.
q n. 6.430; Manhattan, 5134 Met St Ry,.
47S5; Union Pacific pfd, 6,563; CotlGn OH, g.,
212; Tobacco, 1886; Bay State Gas, 15,445;
Fed; Steel, 9,240; do pfd, 1926; Peoples Gas,
1850; Sugar, 22, 049; Tenn. @. & l., 4,SG5.
STOCKS3
The lSEing were the fluctuations of the
leading railway and industrial shares, fur
Of the New York stock exchange and Chicago
board of trade: