The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-10-28
The Stock MarKets.

Close Day.
Bar silver New York ..... COZ 6OA
Call money, New York ......... 1902 1902
NEW YORK. Oct. 27.-The stock market
showed continuation of yesterdays strength
today, and the speculative activity broadened
out considerably in addition. There was not
quite such congestion Of trading in Tobacco
and Sugar. although those stocks continued
to be the leaders in point Of activity. They
were traded in all day at a level below yes
terdays close, though each stock advanced
i nsPTs aO0T Tbe sSHs price b6 6Gf w g
caused yesterdays rise in Sugar left that
stock weak again ard the extreme decline
from the high point was 3A. A rally at TIE
close leaves the net loss 1&c. Tobacco was
under pressure on the supposition that the
recently incorporated company Is destined to
be a powerful competitor and on denials of
accessions to the American company Of out
side plug tobacco companies. The stock was
at one time off 2%c, but closed with a small
net gain. In railroad securities the continued
dizziness ard hesitation on foreign exchanges
was without effect. There was a large de-
mand for quite an extensive list of railroad
stocks the grangers leading with pretty
much all the Western and Southwestern roc ds
showing a good tone. The Eastern truI k
lines continued to lag on account OF the ad-
mdttedly bad rate situation in that territory,
which nullifies the benefit of the exceptionally
large tonnage which is being moved. St.
Paul was the leader in tie railroad list and
the movement Of the stock was supposed to
foreshadoW a good September statement, due
tomorrow. The gross increase in earnings
for the year is known to be well on towards
$780, 900, and 1t is surmised that the state
ment will show reduction in the recent
heavy rates of expenditures cor improveme hts
charged to operating expenses. The Sep
TENDER statement of Union Pacific, VIII lie
showing a decrease Of over $4,000 in gross
earnings, showed operating exp enses so large
ly reduced as to leave an increase in surplus
earnings of S112,550. The delayed movement
of cotton now coming forward, and the de-
crease of yellow fever foreshadows good
earnings for Southern and Southwestern rail-
roads. The easier tone today Of sterling ex-
change was the direct result Of the calmer
feeling in Paris. There was heavy remand
for sterling here, Yesterday, for Paris &C
count which sprang from the same cause as
that which lifted exchange on London In
Paris above the gold export point, namely,
the pressure to transfer funds from Paris to
London. 1t is also known that the recovery
in British consols was directly due to buying
on the part Of Paris capital, on account OF
domestic unQuiet, and not altogether to the
relief of the Angio-French tension over
Fashoda. hrstaeo
There was a good absorption of railroad
bonds today, and prices are generally higher.
Total sales, So, geo. U. S. new fours coup
declined, Nc, do registered, Bc, while the
threes registered advanced &c in the BID
Total sales of stocks today were 357 200
shares, including Atchison pfd, 9,S0S; c., B.
n. 9,357; Manhattan, 1884; Northern Pacific,
0,S5G; Rock Island, "a, $50; st. Paul, 1875;
Southern pfd, 4,170; Union Pacific pfd, 5000;
American Tobacco 5000; Fed. Steel, 1850;
do pfd $3.50; Peoples Gas, 5,445; Sugar, 3d.
200; U. S. Rubber, 1880.
STOCKS.
The following were the fluctuations of the
leading railway and Industrial shares, fur
nished by c. H. F. Smith & Co., members
of the New York stock exchange and Chicago
hoard Of trade: