The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-11-29

NEW YORK, Nov. 2S-The furry in
call money in the last half hour today in
duced a selling movement, which carried
prices in the majority Of the list below
last night. Stocks which had advanced
strongly suffered from profit taking, and
their gains were much reduced where
they were not entirely wiped out. The
market was spotty and irregular through
out, and the maintenance of the price
level was due rather to cessation or
yesterdays factors of weakness than to
any elements of positive strength. Lon
don. which was a heavy seller yesterday,
was inclined to buy today on the new ac
count succeeding the settlement The
large profit taking in Baltimore & Ohio
stocks was so far digested that those
stocks retained their advance. United
States Leather, by comparison with recent
performances, displayed a stable equilib-
rum, and the increase in the dividend
rate on the preferred stock did not move
it over a fraction. Yesterdays aggres-
sion on Sugar was also discontinued, and
the stock was firm for the better part
of the day. When these conditions were
developed, an attempt was made to in
augurate bull campaign in the iron and
steel stocks, but 1t proved abortive. The
movement in the Baltimore & Ohio stocks,
Pennsylvania and New York Central was
the most conspicuous movement Of the
sustain prices. Chesapeake & Ohio also
rose above its previous high level
There were notable advances in a num-
Der Of obscure stocks, including Peoria,
Decatur & Evansville, Duluth, South
Shore Atlantic, the Buffalo, Rochester
& Pittsburg stocks, and some of the
minor individuals. Manhattan lost all it's
Saturdays strong bank statement was
much diminished by the discovery that
the whole strength of the showing was
due to the operations Of one bank
The renewal of apprehension over the
money outlook was emphasized by several
developments. There were renewed ship
ments Of currencyto New Orleans through
deposits for transfer at the subtreasury,
and New York exchange at Chicago
weakened suddenly to zoe discount, COM
pared with par yesterday The operations
Of the subtreasury yesterday, with the
banks, resulted in a gain by the institu-
ton Of $4,000 in spite of the government
bond redemptions. Yesterdays receipts
of revenue by the United States treasury
exceeded expenditures by $2,154,097, more
than offsetting the total of bond redemp-
ton for the day.
The further rise in the London money
rate and the prospect of an advance in
the Bank Of England rate on Thursday
aroused apprehension that London would
want money from New York, which is
likely to display loans by Canadian banks,
which have been placed here in large
volumes. When these various symptoms
Of the money condition eliminated In the
furry in the call loan rate to 10 per cent,
prices turned downward throughout the
list, but the tone at the closing was easy.
The bond market moved in sympathy
with stocks, early firmness yielding in the
late dealings Total sales, par value,
$1,S75,000 United States 5s advanced 4
and the old As and new As u in bid price.
STOCK QUOTATIONS.
Furnished by Charles H, F. Smith
Co., members Of the New York stock cE
change, Pioneer Press building, who have
direct wires to Chicago and New York
Closing prices are bid:
Closing
G'PciIJiUblT owl