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

NEW YORK, Nov. 10.-The early part
of the day in the stock market was given
over to the continuance of the throwing
over of stock holdings which was in evil
dence yesterday Liquidation was on
large scale, and embraced all depart
ments of the list. The more highly spec
ulative industries showed the widest
changes, but the selling of the standard
railroad stocks was fully equal in amount.
There was no stock, or group of stocks,
which took a conspicuous place apart
from others, unless it might be said that
the iron and steel stocks were relatively
somewhat firmer than the general list.
The same might be said of Northern Pa
cific and Union Pacific. Declines at the
low point exceeded a point for many
standard railroad shares and in a few
cases reached upwards of 2 points.
Leather, after a break of points, rallied
somewhat and retired into the back
ground Of the trading, transactions in
1t being small for the remainder of the
day. Sugar and Manhattan were rather
weaker than the balance of the list, but
they rallied with considerable vigor.
The latter part of the day was given
over to! a gradual and very general re-
covery of part of the earlier decline on
much diminished volume of trading.
Most of the leading railroad stocks rail-
lied large fraction and a number Of
the SpecldIUeS between l ana points.
Consideration of the money outlook
continued to dominate sentiment on the
stock exchange. The banks continued to
call loans for large amounts, the rate
for call money opening at IS and running
up to Is per cent. Large amounts Of
stocks held with borrowed money were
thrown upon the market. After each
successive period of liquidation the mar
ket fell into condition of semi-stagna-
he Of h. 20,
call money dropped off as low as per
cent, and the demand for stocks devel-
oped which caused the recuperation in
prices to the closing level The usual
preliminary estimates of the weeks cash
movements showed a rather smaller
shipment to The interior than had been
estimated, though the loss to the sub
treasury of 100000 was up to anticipa-
ton. The weeks net loss in cash is
figured at over 100000 from all causes.
The easing in the money rate late in
the day served to ameliorate the dread
that tOmO1row's bank statement would
show an increase in the deficit. The loan
contraction during the week has been
large. There was rumor on the floor
of the exchange that the banks resources
had been increased by means of cash de-
posts by institutions in New York city
with a view to relieve the situation. This
rumor could not be traced to any au-
thentic source, but affected sentiment on
the stock exchange and inclined specula-
tive opinion to look for another sur
prise in tomorroW's bank statement. The
stiff money market resulted in a further
drop in sterling exchange rates which
was assisted also by buying of stocks
here for London account estimated at as
high as 0,00G shares.
Prices Of bonds moved in sympathy
with stocks early in the day, but failed
to respond to the late recovery. Total
sales par value $232O,0GO. United States
threes advanced 4 and old tours reg
istered Is in the bid price. The f1ves
registered declined y.
STOCK QUOTATIONS.
Furnished by Charles II. F. Smith &
Co.. members of the New York stock OK
change, Pioneer Press building. who have
direct wires to Chicago and New York
Closing prices are bid: