The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-10-29
The Stock Markets.

NEW YORK, Oct. 2S.-The stock market
To-Day took on some of the characteristics Of
a Dull campaign in full force. Business was
large and exceedingly well distributed many
OF the usually inactive stocks being brought
forward into the movement, while the mar
ket was much less dominated by the special
TIES, which. however, +eont4,IteSf
principally Sugar and Tobacco. The former
was ICES violent In its fluctuations than on
Yesterday, and, although it advanced several
tinles, II met more stock than 1t could car
on the other hand, after fractional dec.iIe,
surged strongly upward. the extreme rise
belng nearly points. The rise was coupled
with rumors Of the fotation of the new plug
TOBACCO company and in the taking in OF
many large competitors in that fed. An
oVner conspicuous movement was that In the
IRON and steel stocks, which was led by the
dealings in the securities of the Federal eel
company. when issued. These stocks we're
at one time 1kQ1% above last night The
company certificates Of the Minnesota Iron
company, with the cash payment added Civ
ing the right to enter into the Federal com
PaIy soid at III, an advance OF points,
ana the Illinois Steel certificates closed at
Sc pa, gain of 2 points The securities
strength to less degree. Brooklyn Transit
was notably strong on talk of the absol p lon
Oh the Nassau Electric, rising over points,
and Metropolitan Street Railway also adj
vanced points. Manhattan was In strong
contrast, with an extreme decline of 2 poin 8
selling down to 50. The Edison Illuminating
G G;4h OF New York, gained ~ points,
with no news to explain the rise The Rub
Der stocks were rather heavy on talk Of an
opposition company. Peoples Gas rose q
point IN connection with the taking over of
Manhattan Oil company. Speculation in rail-
road stocks was active and varied the grang-
ers leading In point OF activity Reports of
one or two Southwestern roads showing in
creased earnings more than eVened up by
enlarged operating expenses were drag on
that group, and there was some slight heay-
mess amongst the trunk lines. Prices are
as a rule, higher however. There was a
marked diminutiOn In activity In the lat er
part of the day, and the room traders took
pronts reducing the days net gains below
tng ngure OF the extreme advance.
There was very notable activity and
strength in the bond market, and evident
pressure OF large sums of money seeking in
vestment Bonds of Western and Southwest
erh roads. especially reorganization bonds
seem TO be in especially favor and thara
was a strong recovery in Erie e neral A.,
wnlch have recently been under pressure
IRON Mountain 5s were also conspicuo;,s
Pittsburg & Gulf lists dropped to 671b, a fall
OF Z12 per cent, but recovered later. Total
1ne 5s coupon advanced 1a in the bid prica
The new Is were very active coupon SILL
ing at log nearly all day, which IS the record
price. There were $685.. 500 OF this Issue
changed hands during the day
Total salSs of stocks today were 379, 800
n 4,29Q; Manhattan 14,4S0; Met Street Ry.
1875; Northern Pacific. 10, $50: do pfd, 4190:
Rock Island 10,920:' Union Pacific & 628; do
pfd, 6,7SS; st. Paul, 2S,541; Sugar, SO, 64S
STOCKS.
The following were the fluctuations of the
leading railway and industrial shares fur
nished by G. H. F. Smith & Co., members
New York stock exchange and Chicago board
OF trade. Closing are bid prices;