The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-11-10
The Stock markets.

NEW YORK. Nov. 9.-The market was very
active and decidedly Irregular during the
morning session on the stock exchange and
at one time the list took on quite uniform evi-
dences OF strength and even buoyancy. But
by 1890 o'clock the demand for securities
seemed satisfied and the market fell into
dullness ard somewhat reactionary ten
dency. which persisted 10 the close. London,
In spite OF dizziness and heaviness Of the gen
eral market there, had confidently marked up
prices OF Americans yesterday and today,
while the New York exchange WAS not In
session. The British Interpretation and I'M
Outstanding of the American elections always
more or less obscure and confused, prompted
them to do this, The opening here did not
fully respond, prices showing below the Lon
don parity The international srbitrage
brokers seized this opportunity to cover sales
made at higher level In London. num-
Der OF the internationals sagged quite sharp
ly Immediately after the opening. notably St.
Paul, New York Central and the Pacihcs.
The buying for London account was the de-
termining factor in rallying these stocks and
carrying the whole market 10 higher level.
Even Sugar. which opsned down over a
point, scored a full recovery. The commits
sion houses were busy with buyirg and SELL
ing orders and large operators actively
bid up their favorites. With the cessation of
the London buying about noon and with a
heavy less TO carry al! morning. prices be-
gan to drop of. the dec Inc In the railways
ranging ell the way from a fraction TO 1is
points In the leaders among the rail-
ways however, there was lt'ls effect pro-
duced either by the above factors or by the
late weakness in Manhattan. which fsll ~.
Sugar continued It's downward course u the
extent Of 81 points, AID clos near the low,
est The announcement of the cut in the
product az the outpu. of new reineries COM
Ing 10 the market was the cause OF the weak
IS and the bears. were also active. judgil &
from the high loaning rate Of the stock.
The weakness Of Manhattan w3s associa ed
with the stockholders annual meeting al
though the yearly statement of earnings,
Inc 1 nj ~
was better than Wall street had expected
The stiffeniug Of the cal money rate In
the last hour TO 2 lie per cen: and for small
amounts 20 3 per cent had its effect in the
late reaction and was remind In the de-
crease Of ca n shown in Saturdays bank
statement Today's active market made a
coed demnd for money on call There was
some consid 5raton Ct the possibilities sur
rounding the lord mayors banquet in Lon
don tonight and the increase in the Ger
man bank rate from to 81 per cent IN
their probsbIe effect on the foreign market
In the railway last, however the closing was
generally steady and at net gains In some
cases.
strong and the 4 per cent issues added to the
notable active list were Louisville unihed
bonds and the Kansas Texas ST. Louis &
San Francisco. and Rip Grande issues. A
number Of speculative bonds, including the
Atchison adjustments. the oregon Short Line
income issues and the Texas Pacific Issues
were active and strong. Total sales, s. u.s.
Oo0. L. s. new Is. the old Is registered ard
the 81 coupons advanced 4, while the Is de-
clined * and the IS registered u bid.
Total Fal-s az stocks today were 400. 700
shares including AtchisCn pfd. 20 a35; G. &
o. s6s5: Burlington. i. 1873; .. & r. G. pfd
1, 22e: L. & n, 23.22o; Manhattan, % $40; Met
ropoiitan St Ry IL 40; Northern Pacific.
p SO DO pfd. 4.s2: Roek Ts.ard. 2, eSS; Un'oa
Pae. $50; do pfd "a $50; 81. Paul. $3.50
Southern pfd. Il us: Tobacco, 20150; Fed
Steel 7.5e4; do pfd. Is 500; Peoples Gas, s-245;
Pullman ash: Sugar, g. 500.
The following were the fluctuations on the
leading railway and Industrial shares. fur
nished by c. II. F. Smith & Co.. members
OF the New York stock exchange and Chicago
board OF trade: