The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-11-03
The Stock Markets.

NEW YORK, Nov. 2.-The news received by
the Associated Press detailing the hostile
preparations of the British and Russian meets
In Chinese waters goes lar to explain the re-
cetn ureasiness manifest on the London eX-
change in spite of the apparent SuDS1Qence or
the Anglo-French controversy. The move
ment of securities undeniaby shows the
progress of important diplomatic movements
amongst the old world powers, carrying with
them the threat Of open rupture. There was
sharp fall in consols and strong market
in Liverpool for wheat, which only yielded
on the failure of the American markets to
respond fully because OF the large receipts
at primary points and the liquidation Of
large speculative lines I'M Chicago. The per-
sistent demand for export, however, worked
a rally in the American grain market before
the close. Selling of securities for London
account in the New York market was fea-
ture of the day. and the international stocks,
especially Norfolk & Western preferred, Den
yer & Rio Grande preferred and Kansas &
Texas preferred are the heaviest losers among
the railroad stocks. Aside from this there
was a general tendency to stand by in idle
ness and watch the Il fireworks amongst
the industrial specialties, allowing
the market to lapse into the proverbial pre-
election dullness The professional traders
naturally turned to the short side in such
market, but bear tactics were not aggressive.
In Sugar, Tobacco and Federal Steel the re-
cent order of events was reversed, the first
named showing strength all day on mystic
rious intimation of coming favorable develop
m6nJS, which luuucGu many pSdlo " IOtO4.
Tobacco dropped 4A points in the first five
minutes of trading and fuctuated feVerlshly
for the rest of the day between that and last
nights prices, to the continuous DeWnderment
of all but those who regulated the movement.
The industrious lifting of Federal Steel, which
has been going on for some time past was
relaxed today, and prices went Off f1a and
1% points from the best for the common and
preferred respectively. Minnesota Iron lost
81 points, Illinois Steel was bid down z
points. and Tennessee Coal and Colorado
Fuel fell i and ~. Dealings in the newly
launched Standard Distilling stock were al
lowed to lapse, in view of the prevailing de-
preston in the market. The only other fea-
ture was the wide movement in some stocks
that are seldom moved, including a, rise OF 3
noints in Lackawanna & Western, and
fall of as much in New Haven. There
were some dealings in old lots in other gilt
edged stocks.
The bond market was only moderately ac-
tive but values were better sustained than In
stocks. Total sales, 81, coo. United states
old Is coupon. advanced "a in the bid price.
Total sales of stocks today were al, 100
shares, including: Atchison preferred; 44zo
Burlington, APO; L. & N. 6SS3; Manhattan
$50; Northern Pacific, S1S5; Rock Island
5.665: Union Pacific, $3.50; ST. Paul, i; 2OO;
Tobacco, So. 837; Federal Steel, All; Federal
STEEL preferred, 2Os772; Sugar, $3.50; c. G.
W., $3.50.
STOCKS.
The following were the fluctuations of the
leading railway and industrial shares, fur
nisbed by c. H. F. Smith Co., members
New York stock exchange and Chicago board
of trade. Closing are bid prices: