The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-11-29
The Stock Morkets.

NEW YORK, Nov. 2s.-An animated buying
movement broke out in the last half hour OF
Uoay stock market. which carried prfcas
throughout the list buoyantly above the prev
lous nigh level. ana made the closing very
strong. The demand was broad and better
aRlstriouted than at any other time during
Due gay, ana the market looked healthier and
Teer from manipulation and less congested in
rev prominent stocks than at any time dur
ing the current upward movement. Just what
the motive was for the renewal OF the buy
ing was not very obvious. Perhaps the SUI
len obstinacy OF the market in the period
OF guinness and reaction in spots which fol-
lowed the opening strength had large in
nuence IN encouraging renewed commitments
to the long side. The receipts Of some orders
In commission houses which had been held
PACK oy carnage to telegraph wires was
The market had already had its OPENING
squirt on the acceptance by Spain of the peace
terms offered by the United States Prices
for Americans had been sharply advanced I'M
London on the strength of this factor before
the opening here. The professional traders
rule to sol on good news brought a flood of
offerings to realize on the opening advance
by those who did the buying for several DAYS
past in anticipation Of the Paris decision The
group of specialtes, including Manhattan.
Brooklyn Transit, Sugar Peoples Gas and
Tobacco. and worked declines in them of
from 1 to per cent The coaters which haya
30 often been th-s tau get of the bears broke
away from their associations and showed
unusual strength on account of the belief
III UlIe OF QIU1CulUoS over the con.
troll Of the coal trade. There was notable
realizing in the Atchison issues, which held
them back throughout the day. There was
heaviness also in the Federal Steel stocks.
and at one time in Sugar.
The reactionary tendency carried prices be-
fore the middle of the day back to ncar
Saturdays level in some cases. The recovery
began with the receipt of a number Of strong
traffic returns, notably that of St. Paul for
October. which showed an Increase In net
earnings of $500 SIC, after an addition IN
operating expenses Of nearly 1892, 900 over last
years EXPENDITURES There were good state
ments besides for the third week in November
for Norfolk & Western; St. Louis & San
Grande, and for october from c. G. o., besides
an increase Of eaStbound shipments from
Chicago last week Of II 51S tons over the pre-
ceding week, and Of 81, 442 tons over the cor
responding, period OF last year. The trunk
lines felt the benefit Of this latter statement
especially those Of the South. the Northern
lines feeling the adverse effect Of the snow
storm. B. & o.. became conspicuous In this
group on late dealings. The aggressive
strength shown by Union Pacific Northern
Pacific and the Oregon short line issues was
rather convincing evidences OF progress IN
the efforts to heal the differences between
Northern Pacific and Oregon Navigation.
There was a CONSPICUOUS upward movement
in Metropolitan Street Railway carrying 1t
10 1s0$s in spite of loss of earnings by the
snow storm.
The bond market was strong and active ana
showed general upward tendency in SYM
pathy with stocks. Total sales 3S3o.oO0 u
S. Is declined X while the IS advanced Y
and the old Is registered and the new As x
In the bid price.
The following were the fluctuations Of the
leading railway and industrial shares, fur
the New York stock exchange and Chicago
board OF trade: