The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-11-17
The Stock karkets.

- 1900 IVA UVu IVA
NEW YORK. Nov. 16-Apparently the
watchers who have been waiting for reaction
In the market to buy stocks made m their
minds that this mornings decline was tha
most that could be looked for under the cir
cumstances, and they accordingly came into
the market In great force. and before the end
OF the day had wiped out the earlier losses
almost entirely and established highsr
range OF values than yesterday throughout
Although net gains are In neari all cases CON
fined 10 fractions the extreme rise from The
low point in the majority of active stocks
amounted to l per cent or over, and the
closing was active and quite strong at the
top. Morning losses we're not made without
resistance. notably by Atchison preferred the
Union Pacihcs and some OF the specialties
Chicago Northwestern and Omaha also
showed strength before the break but the
very heavy offerings OF the Northern Pa
enc stocks proved too heavy a burden for
continued to realize IN the international Sc
curities. The Northern Pacihcs fell over a
point below last night. anu the whole list
receded below last night dist There were
some stop loss orders uncovered on the way
down, but orders in commission houses 10
buy were encountered IN an increasing
amount, and the sharp advance In the North
western stocks and Omaha ranging from
ia TO 80, turned the whole market upward
The advance for the rest Of the day was not
entirely uninterrupted. but the marked
strength OF InternatIooaI psner Surar De
cihc Mail, Baltimore & Ohio and a few other
stocks. and the enormous demand for Atchi-
son preferred Kept the Dull split In the s.
cendant and discouraged operations on the
short SIDE The selling for London account
also changed to buying demand at the
lower level. These were for the most part
simply arbitrage operations based on the dis
parity between London and New York prices.
The session OF the Paris peace conference
and the fixing OF n date for a future meet
ing afforded come relief from apprehenssons
OF rupture which have prevailed in London.
The fact OF the Berlin exchange being closed
served 10 check recent large selling OF Amer
lean securities. which has come from that
quarter on account OF the money stringency.
In the local money market, although sterling
exchange held steady and New York ex-
change at Chicago fell TO par while the cur
rent movement on balance continued away
from New York the rate for call money eased
on a fraction towards the close Of the day
and the demand for time money was less ac-
tive. There were evidences OF decreased
anxiety over the Berlin money situation.
There was a falling on in activity IN the bond
market and heavineSs, In sympathy with
stocks, though the tone improved before the
close Louisville Evansville St I,oufs
terday and Il over Monday. Total sales.
81 375 0oa. United States new Is COUPON de-
ciired L in the bid price.
The total sales OF stocks today were $50 100
shares, including. Atchisan. Is. 10. do DID
s. 564. r.. 4 o.. 326t Burlington IIs45 ID
r. G. pfd. 3,se9; u g y. PISS Man
haitian. 62s5. Missouri Pacific 1855: North
ern Pacific, 81 $50 de Pid, s.1S7: Northwest,
err. $3.50: Rock Island, 20 cls: Union Pa
eihc 20. do pid. - I5ep St Paul % 23s;
st Paul & Omahs. 55S5: utheru Railway
g Sos Bay state Gas. 075. Federal Stssl
9 075: 80 pfd. 1854 FeoTle's Gas. 1890: Pa
cifc Nail. I3 4si; Sugar. y Sss; T. c. & l..
4,ls0; Chicago Great Western, 10 ISL
STOCKS,
The following wercl the Cue uatIons OF the
leading railway and industrial shares fur
nished by c. n. F. Sknithl& &C. members Of
the New York stock exchange and Chicago