The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-11-24
The Stock karkets.

NEW YORK, Nov. 23.-There was d-spo-
sitlon manifest to curtal operations on the
Fck exchange IN the early hours Of todays
session, on account of tomorrow's holiday for
one thing and on account of one or two de-
pressing influences in the market which Of
Tered obstacles to the successful prosecution
the West, with it's obstruction to traffic and
reports of damage TO live stock, was a dis
enlargement to advance prices There was
ratner less assurance felt also that the North
ern Pacific and Oregon Navigation imbroglio
was to be patched up. and Northern Pacific
went downwards. Weakness in number OF
speclalties, notably Tobacco, on reports of the
character OF the opposition in the cigarette
branch accumulated the prevailing tendency.
Peoples Gas dropped off a: one time ia and
Federal Steel confined to drop. There was
a marked falling off in the Atchison preferred.
probably by influence Of the depressing In
huence of other stocks. There was a very
bullish spirit latent in the market, neverthe-
less, and it turned from these centers of de-
preston and from the region of the snow
storm to other Specialties and the Eastern
railroads. The movement was most marked
IN the coalers, and had it's inception in the
Reading issues. The, buying Of these secur-
ties was attributed to the banking interests
which yesterday advanced Southern preferred
and which Is dominant in Northern Pacific
and has important interests in Federal Steel.
How far yesterdays manipulation of South
ern preferred and todays OF the Reading Sc
curities is designed TO sustain the weak spots
elsewhere in the common interests of the
manipulator can only be a matter of sur
mise. There was no news to account for the
movement in Reading, but the other coalerS,
In which the short interest is perennial and
extensive, responded sharply in sympathy,
the demand coming for the most part from
the shorts.
There was a very active demand for the
greater part of the day for Manhattan the
new interest in the directory being generally
interpreted as representing the Inauguration
OF new methods. There was very wide lat
ttude given to the Interpretation, Wall street
suesses extending as far as an absorption of
elevator system for. joint operation with the
New York Central. The stock advanced near
y points at one time, the strength of
this element, and in spite of a very large
supply OF stock at the advance Louisville
New York Central Ontario & Western and
number of other Eastern railways enjoyed
their period OF strength and aided towards the
late recovery and the firm close at q level
generally above yesterdays price.
There was large activity at several points
in the bond market. notably in the Reading
generals, the Denver Gulf lists and the Col
The strength OF tsese tended to eounteract
weakness at other points! Total sales, S. 16O-
600: United States Is. new coupon, old As
3s and new As, registered Is in the bid price.
Total sales OF stocks today were 16,1o0
shares, including Atchlson; 1880; Atchison
preferred 81 $50; B & O.. 2,250; Burlington,
APO; Chicago & Eastern Illinois, 1904: Della
ware & Hudson, 6,50S; L. & N. S1,56O; MI
nois Central, S,12S Manhattan, 51,520; Read
ing first preferred, .904: n. ]. C., 1855: "
Y c.. $40; Northern Pacific, II, Pas: Northern
Pacific preferred. 1910; Reading. S.100; Rock
Island, 1880: Union Pacific, 1926 Union Pa
cifc preferred. 1854; ST. Paul, 12.170; Southern
Railway 10 4S3; Southern Railway preferred
20, 51S; Paper, $3.50; Tobacco. 13, 2S5: Federal
Steel 400; Federal Steel preferred $500;
Peoples Gas, 9,120 Sugar, S,492; Chicago
Great Western, S745.
STOCKS.
The following were the fluctuations of 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: