The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-11-30

Bar silver, New York. .......... 5sA 59S
Call money. New York ...........2 21h
NEW YORK, Nov. 2s-Proit-taking was
the order of the stock exchange today. Some
attempt was made to resist the declining ten
dency. but the persistent selling to realize
discouraged the effort and support was final
ly Withdrawn throughout the list. Yester-
days strong demand for London account fell
off today, as it was generally supposed it
would when the effect of this buying on the
sterling exchange market was remarked. The
approach of exchange to the gold import point
resulted in an advance in the private discount
rate in London again today, and this caused
rise in London exchange at Berlin, which
continues to be the real center of the press
ing need Of money. The stiffening of the
ever, to prevent further weakening in
sterling exchange at New York. Posted rates
were reduced half cent. and the actual
rate for demand sterling fen to s4.S5A, under
the large offerings of grain, and cotton bills
against exports. This is the level for ex-
change which brought gold on the recent
would have been engaged in London for i'm
port today, had it not been for q further rise
in the price of the metal in that market, bars
l american eagles I'd to rs sAd. LONDON don
ceased to buy Americans under the stress of
this threatening condition IN the exchange
market. Nevertheless, the sock market
showed advances at the opening here and was
sustained by heavy buying of the CHANGERS
on the Burlington statement. 1t was evil
dent, however, that part Of the recent buy
ing of the grangers was In anticipation of
this statement and the same evidently true
of Union Pacific, which, with large increase
in gross earnings and reduction in operating
expenses. showed an sdd9to to the surplus
of 1901, S91. The publication Of these state
ments was therefore met with heavy realiz-
ing. There was in addition continued really
Northwestern and Omaha by holders who
were disappointed at the failure to increase
the Northwest dividend.
There was strength amongst the Southwest
ern railroads, Southern Pacific and a number
of specialties including an extreme rise of
5H in Sugar, and an upward movement also
of some of the low priced stocks. remote from
any dividend chances. But these were insult
hcient TO coun:eract the general downward
tendency which finally prevailed and made
the closing weak at the lowest prices gen.
orally for the day. Edison Illuminating of
New York made a conspicuous advance of
IA points to 165.
There was strength in few points in the
bond market, but the general tendency of
stocks. Total sales: 81 los 600. .. s. Is ad-
vanced nc and the SIS 1sc in the bid price.
Total sales of stocks today, ga SEQ. includ-
175: c. & o, 5,735; c. B. & Q, 1882: L. &
n, is. 7sS: Manhattan, 1920; Met. St. Ry, TO-
4S6; Reading Ia s pfd; 4.5S5; N. K. & T pfd,
Co, 3, 40; Northern Pacific, Is, 42o; do pfd.
|, 16S; Northwestern, 1870; st. L. & s, $500;
do pfd, 4,745; U. P, 26,039: do pfd, $50; st.
s975 Southern the % Ps1IhG ass Southern saa
Paper, 462S: Tobacco, II. 225; Linseed OIL,
7 $50: Pacific Mail, 4,57S; Sugar $3.50; CHI
cago Great Western, S,4S0; Leather pfd, 3,025.
STOCKS.
The following were the fluctuations Of the
leading railway and Industrial shares. fur:
the New York stock exchange and ChIcass
board of trade: