The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-11-15
The Stock Markets.

Call money. New York........... ~ 292%
NEW YORK. Nov. 1.-THE stock market
sas recently emancipated itself in a large
usgree from the influence of Sugar, Tobacco
ana likewise uncertain quantities but the
violent gyrations OF Sugar in today's mar
Est could not but have a rather unsettling
erect quotations were almost lost at the
sugar post at the opening, and were rec
fcre noon the price was quoted at 119. and
again before the close It went back to I2l
me early decline was based on the fall
IN the loaning rate which was taken TO in
dicate the conclusion of the squeeze against
the shorts and the subsequent recovery came
with the announcement Of the advance in
alleged determination not to engage in a trade
war OF determination. The enormous vol
ume Of transaction In this special gave it
necessarily some sympathetic influence on
the general list. The opening quotation
Tor Atchlson preferred also ran al the way
from from Il to AZ on the simultaneous sales of
much to sustain and it ran of in the first
houf, carrying the whole railroad list with
IL Atchison preferred more than recovered
The adjustment bonds were also In heavy
demand and rose at one time 1%. But the
"a list generally showed a tendency
70 arsg and recent leaders were sustained
at level above Saturdays prices with diff
heuIty. in spite Of the additional advantage
OF some striking gains in usually inactive
Finding the difficulty of moving the re-
cent leaders speculation showed tend
eney to turn in the lower priced stocks The
southwestern railroads were most conspic-
uous, probably in sympathy to some extent
with Atchison. Missouri Pacific, Texas &
Pacihe, St Louis & San Francisco second
preferred st, Louis & Southwestern pre-
ferred and Kansas & Texas advanced from
q traction TO IA points. In addition, the
Flint Pere Marquette stocks moved up
z points each. Kansas City, Pittsburg &
Gulf advanced an extreme rs and Chicago
& Alton 1224. touching 167. The Pittsburg
q Gulf bonds also showed marked strength.
These two latter movements were associated
In wall street gossip with the rumored
change OF control In Chicago & Alton In
the Industrial list conspicuous gains were
achieved by the National Biscuit stocks
spirits preferred, the International PAPER
stocks Linseed Oil and Manhattan. The
grangers and the Pacifcs and the iron and
steel stocks showed an increasing heaviness
as the day progressed and some fell be-
low Saturdays close, while none Of them
snow net gains Of more than fraction.
The money market active and rather
hrmer today, and some apprehension is felt
or a future rise In rates, the more so as
London sold stocks in New York freely today
as safeguard against gold movement
TO New York.
Atchison adjustments continued to lead
the bond market. and there was notable ac-
tivity in Wisconsin Central frsts which
declined 19s, and in Texas d Pacific second
incomes and some other middle grade and
low grade Issues at advancing prices. But
some OF the high grade per cent bonds.
which have recently been conspicuous for
strength, including the Atchison, Northern
Pacific, Union Pacific, Erie, Reading and
Norfilk Western, were disposed to reac-
ton. Total sales, $T.6S5 600. u. S. new As
registered and the IS registered declined y,
and the IS coupon u In the bid price
Total sales of stocks today, 667 400 includ-
ing. AtchisOn, 81 600; DO pfd. IS .720; B. &
O., S,46s; Burlington, 1860; L. & N, q. 3l5;
North American. 1890; Northern Pacific
LIS; do pfd, 4,7S; Rocx Island. 10. 500;
Union Pacific. 1920; do pfd, q, s27; st. Paul.
s., $40; Southern pfd, 1857; Texas G. Pacific
10 20; international Paper, 5000: do pfd.
$3.50; Tobacco, 1850 Bay state Gas IL 200:
Federal Steel, $500: do pfd, 12,1S7: Peoples
Gas, eX-dividend. 10 $50; Pacific Mail. $500:
Tennessee Coal and Iron, 3.4G0: Sugar 49,
1855; st. Louis & s. W pfd 53l5. Chicago
Great Western. Il. go.
STOCKS.
The following were the fluctuations Of the
leading railway and industrial shares fur
nished by c. II. f. Smith & Co.. members
OF the New York stock exchange and Chicago
board of trade: