The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-10-24

NEW YORK, Oct. 23.-The market gave
convincing proof today of strong spec
ulative interest in Wall street. The deal
ings took on more an appearance OF ami
nation than at any time since the violent
downward course of prices when the mon
ey situation first began to awaken anX-
iety. Dealings were very well distrib-
uted, in that almost every department Of
the securities market was represented in
the advance. Some handsome gains In
price were achieved in many prominent
stocks and in a large number of cases
the last prices were the best. In other
cases profit taking made notable inroads
upon the days highest prices and some
effort was obvious in sustaining the mar
ket in the closing dealings
1t was d noticeable feature of the mar
ket, also, that while a number of mem
bers of a distinctive group Of stocks
would show great strength and activity,
other members of the same group, seem
lngly dependent upon the same influences,
would remain quiescent and almost i'm
movable. Thus, while Louisville and the
Norfolk stocks advanced vigorously, other
conspicuous Southern lines Of railroads
were quite unaffected. Again, while the
grangers also, . as a rule, were strong
and active, Northwestern scarcely moved
and the Pacific stocks, including Southern
Pacific, showed very slight response to
the prevailing strength. The New York,
Chicago & st. Louis stocks were subjected
to rather palpable manipulation, the first
preferred rising an extreme eight points
and the second preferred six points. New
York Central was also vigorously bulled
to maximum price of 140.
The high priced specialties, including
Sugar, Tobacco and Peoples Gas and the
local traction stocks, were all Of them
quite aggressively strong. The largest
activity was in the Leather stocks and the
buying in them continued until the close,
the common crossing Is and the preferred
tuching 81. This enumeration includes
the most conspicuous instances of
strength There was at the same time a
notable backward movement in Pullman,
Laclede Gas and Anaconda, which show
net declines respectively of y, and 2
points. American Mating and one or two
of the iron and steel stocks also react
ed and Glucose preferred dropped in
; spite of the strength of the common stock.
How far the days strength was due to
covering by the short interest, which
common report places at still large pro-
portions, it would be difficult to say. The
public had but little to do with today
rise, but professional operators of a large
cahber took conspicuous and confident
part in the market
The continued downward course of ster
ing exchange AFFORDS FeilSI lTOlIl all dp-
prehension of gold exports. But no pros
pect is discernible of easier money con-
ditions. Call money today was SITTER
at car per cent and time loans for all
periods again came back to 6. The ex-
changes continued to move in favor of
the interior as against New York Re
cent large expenditures by the govern
ment show declining tendency and thus
threaten renewed drain on the New
4olyi no.
surplus. Today's movement of stocks
demonstrates how completely the money
outlook was ignored.
There was very heavy buying of Green
Bay income bonds, at an advance Of
2B. The bond market otherwise was mod
erately active at advancing prices. Total
sales, par value, $3,S45100. United States
3s advanced Is and old As registered de-
clined Is in the bid price
STOCK QUOTATIONS..
Furnished by Charles H F. Smith &
Co, members Of the New York stock ex-
change, Pioneer Press building, who hAc.e
direct wires to Chicago and New York.
Closing prices are bid: