The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-11-22
The Stock Markets.


NEW YORK Nov. 21.-The upward move
ment OF prices in the stock market was at
IuA tide today, when the afternoon special
e t brought the Paris bulletin announc-
ing the president of the Spanish peace COM
mission had declined to proceed with the
negotiations after the presentation of the
Dhtteo states commissioners final terms.
me professional room traders turned sellers
Immediately, and the large buying orders
Wmch were being executed all around the
ro9In were apparently withdrawn. Prices
Meted away quite rapidly in this condition
ol aHaIrs, declines having reached nearly a
point in many cases. Supporting orders were
theh paced In many of the leading stocks and
the decline was checked. There was no APP
parent disposition to continue the buving
movement, however, and for a time during
Ine last hour the market fell into almost
enure neglect This condition of affairs in
vited renewed short selling and the drift
was slowly downward TO the close. The re-
suit is that many stocks which were not
conspieuousy strong in the early dealings
closed lower than on Saturday. while the
notable advances in the leaders are much
reduced.
Atehison preferred easily continued it's lead
ershlP OF the railroad list and made its
way through food OF offerings up 21k points
TO AIS before the Paris news checked the
advance. Peoples Gas reflected also very
heavy demand and rose at one time 2sI hIit
saved less than point of that gain The
early movement of the market was confined
very largely to special stocks the grangers
ana the recently awakened Southwesterns
mating somewhat. Northwestern was an ey-
ceptlon in the granger group and gained 2ai
Poln nus ana Its subsidiary company, st. Paul
Omaha, rose nearly points, The B. &
y. issues also showed very marked strength.
early IN the afternoon Pennsylvania sprane
into activity and made a notable advance of
re points, supplemented closely by Pitts
burg, Cincinnati, Chicago & St Louis pre-
terred Thls gave renewed tone to the whole
market and led to the strongest onward
movement of the day, the level OF prices he
ing quite generally lifted to near point over
SATURDAY.
The Story of the reaction is told above
Uneasiness over the stringent condition of
money In Berlin and the approaching matur-
ity OF large obligations there had Apparently
subsidized. The Northwestern railroad stocks
were relieved from pressure and Threatened
rupture between Northern Pacific and Oregon
Na ;r,l fell into the background
Ihere was very large and we'll distributed
demand for bonds and some sharp advances
In prices resulted, which were we'll main
tanned % the close, in spite of the weak
ness In stocks. Total sales, 81 AGO 600 II 6
IS registered and as coupon advanced Il and
the Is, IS coupon and the old and new ls
registered and IS registered, II in bid price
CD Total sales sal of stocks today were $40 100
$3.50; B.. & o., $50; c., B. & O.. 1866
Chicago & f. l., $500: D. & H.. 5000. n e.
r. G., pfd, $500; Erie. 1st pfd, 3,135. L. g n
$Ol5; Manhattan z2S3o; Met. ST. Ry.. 6255;
Northern Pacific, II, 800; do pfd, 223; North,
western, 1855; Union Pacific 5000; st PAM
"a, $50; s.. P. & ON. $3.50; Southern Ry. pfd
II, zoo: Texas G. Pacific. 640O; Union Paeii
pfd 1879; Wabash pfd, 1910; Tobacco II /.
400; Federal Steel, $3.50; do pfd ~. 733. PEG.
pies Gas, 1898; Pacific Mail. 4945; Sugar,
$3.50; Chicago Great Western u, 4s0.
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
board of trade: