The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-10-02

Close. Day,
Bar Bar SILVER SILVER; New New York 50 1915 sOQd
NEW YORK, Oct. 1.-The stock markets
during todays short session gave striking
evidence that the power of the bear faction
had not diminished in effeotlng lower prices
The break in Tobacco was the more sensa-
tlonai, in view of the half holiday. No new
developments concerning the speculation in
THIS stock were announced and the bears
pursued the same dligent tactics that have
been responsible for the tremendous drop
this week New spots of weakness have ap-
peared every day and todays feature was
consolidated Gas. Consolidation of the cleo
trio lighting plants and a rival gas plant
Iurnished the basis for a break of 61h points
The railway list had an interval of strength
but the influence Of the specialties was too
oyerpowering and losses resulted. The bank
statement exceeded the favorable expecta-
tions and its publication checked the break
~ discussion OF the financial Developments
OF the week, the industrial group must re-
the status Of Industrial properties were cir.
culated freely and the operations by the par
fiction faction were conducted with marks1 bril-
versal throughout and the SoIu3,e of as s shis
reported exceeded any previous ou+nonrino
pitaculty in protecting hoId<1gs caused sacri-
advantage secured blythe bears in this con-
nectlon was responsible for the curtaiIment
Of Of the outside demand. Tobacco was the
which accompanied the break colored re-
ports, that insiders were unloading. Gossip
t nae II that the recent Jump above $50 was
interest and now that that incident was
closed the downward course received acouies-
en9e IRON the manipulative interests in con-
troll. ~
The magnitude of the trading in the spe
cialties naturally served to promote a SYM
Patnetlc tendency in the railway list, but
SS sNtarl there included many favorable
s sa winch stemmed the reaction. In
raot, standard issues as whole exhibited
= remarkaDie resisting power and moved in
dependently at intervals, But the persistent
raids elsewhere robbed the list Of monetary
advantages. The bears followed a systematic
course and diverted their efforts from one
group was hammered. Losses for the week
ranged up to 80 points in Tobacco with con
solidateq Gas, Rubber, New York Air Brake
O Maannattsn, Cotton OIL and Leather next in
at various times and covering elsewhere
impaired occasional steadiness. Holders of
tnaustrlgt securities were alarmed during the
campaign as knowledge regarding thu next
point OF attack was not availble and the
prominence of the interests engaged in the
movement impelled conservatives operators to
withdraw on the first indication of weakness,
Railway earnings, embracing all the leading
lines, were in the main encouraging, but
returns from some sections showed heavy
decreases, owing to we'll known conclusions.
The bond market moved in sympathy with
stock fluctuations and showed more activity
on the easier money conditions Government
bonds We're remarkably well held throuGHof1t
the. week. CONCESSIONS being copnned to one.
Is. -sD--s~D-, " ~ eAo
Total sales Of stocks today were a2s 400 in
eluqSiSSssG; . Manhattan 1924; N: P, S764; r.
LA SSS 90. u p. 47S6 St Paul $3.50; u p
People's Gas, 5,645j Consolidated Gas 5020:
SUGAR 28 2S6i U. S. Leather pfd 4,3I5; Rub,
Der, 5.195. ANU'
STOCKS.
The following were the fluctuations Of the
leaalng railway and industrial shares, fur
pisned by Q. H. +. Smith &c Co., members
board OF trade: