The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-10-02
The Stock M0rketS.

We
Cali CAL money money New New Y York 50 1915 eogSt
NEW YORK, Oct. 1.-The stock markets
during todays short session gave striking
evidence that the power of the bear faction
naa not diminished in effecting lower prices
The break in Tobacco was the more sensa-
tIenaI, in view of the half holiday No new
ueevelopments concerning the speculation in
this stock were announced and the bears
pursued the same dligent tactics that have
been responsible for the tremendous drop
THIS week New spots of weakness have ap-
Consolidated Gas. Consolidation of the eiec-
tfic lighting plants and a rival gas plant
furnished the basis for break of 61h points
Inc railway list had an interval of strength
but the influence of the specialties was F6S
empowering and losses resulted The banE
statement exceeded the favorable. .eSs49Sa-
lions and its publication checked fbS kTeair
lp discussion, of the financial dtyel6pf6SSf f.
OF the week, the industrial g6Gup must re-.
ceive first consideration. ~f2:mors REGARDING
euated free TI and sSn were
I iHnsT We're a9d e9R9p5ed with marked bril-
re epoSt fnFggsS9ut and the volume of sales
snna.y In protecting holdings caused sacri-
~ IN the standard railway stocks and the
7cIvantage secured by the bears in this con-
OF the outside demand. Tobacco was the
dominant feature and the deluge of stock
which accompanied the break colored re-
ports that insiders were unloading Gossip
mad II that the recent jump above $50 was
TOT the purpose OF squeezing q powerful short
interest, and now that that incident was
troll. ''' - 'oA1-
The magnitude of the trading in the spe
cfaiues naturally served to promote a sym-
Patnetlc tendency in the railway list but
developments there included many favorable
ffa at which stemmed the reaction In
remarkable resisting power and moved in
oependently, at intervals. But the persistent
raids RAIDS elsewhere robbed the ~lsst Of monetary
course and diverteS their efforts from one
STOCK to anetb>r Until the entire Industrial
sroup wss hammered. Losses for the week
socdated Gas. Rubber, New York Air Brake.
)4Nanhattan, Cotton Oil and Leather next in
order. sugar encountered supporting orders
at various times and covering elsewhere
impaired occasional steadiness Holders of
industrial securities were alarmed during the
campaign as knowledge regarding the next
point or attack was not availble and the
prominence of the interests engaged in the
movement impelled conservative operators to
withdraw on the first indication of weakness,
Railway earnings, embracing all the LEADING
lines, were in the main encouraging hui
returns from some sections showed heavy
decreases, owing to we'll known conclusions.
The bond market moved In sympathy with
stock fluctuations and showed more activity
on the easier money conditions Government
bonds were remarkably well held throughout
the week, concessions being confined to one
half per cent in the Is and Is on the IS and
As
Total sales Of stocks today were 22s, AGO. in
gliding: Manhattan, 1924; N. p, 9,764: r
l. ,220; u p, 4,7S5: st. Paul, $3.50; U. p.
pfd, 42SS; TOBACCO, $500; c. G. W., 4.Ol0:
Peoples Gas, 6,545; Consolidated Gas $500 $500:
Sugar, y, ESQ., U. s. Leather pfd, Abs; Rub,
Der, 5.195
STOCKS.
The following were the fluctuations of the
leading railway and industrial shares fur