The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-11-15
Creek N Wall STREET
TRADING OF YESTERDAY SHOWED
A FALLING OFF IN
VOLUME
PRICES WERE WELL HELD VI
Northern Pacific and Pennsylvania
Heavily Dealt In, Former Closing
Unchanged, Latter at an
Advance.

NEW YORK, Nov, H.-The striking fact
about todays stock market was The de-
creased volume Of trading. Yesterdays
reaction was checked land quite an i'm
posing show of strength was made aft
erWards, but their was no renewal of
the lnordinate buying demand, which ear
r1ed prices up with a rush all through
last week. The market, in fact 6ronped
back into an affair of ordinary inlpor-
lance, business continuing ON large
scale, compared with the normal but the
movement of prices obviously depending
on artificial stimulants. Yesterdays
sharp decline induced some selling orders
from outside sources this morning bat
the powerful support by the bull pool,
WHO are still operating for an advance,
checked the decline and secured control
OF the market almost immediately There
was some small buying for London ac-
count but it WAS a potent factor in
lhe market, There was some small buy
ing for London account but it was not a
potent factor in the market It is prob
able, also, that there was some buying
from speculative interests, which have
the election. The buying fell off as
prices rose above yesterdays level The
most effective moments of the day We're
in Pennsylvania and in Northern Pacific
There We're vague rumo1s afioat of fur
Their deals by the Pennsylvania company
of the same character as the series of
requirement of stock in other companies
earlier in the year. The ACCOMMODATING
Western and some of the coalefS was in
tended 10 give color to these runners but
no authoritative confirmation was forth
coming, and the stock of Pennsylvania
was highly manipulated all day The
buying of Northern Pacific, both COM
mon and preferred, seemed of more
substantial character. The statement Of
the condition of the company issued by
the trustees in dissolVing the voting trust
and the desirabiHty8ef additional hold
ings for centralized eoatrol following the
dissolution of the tr4sS, offered plausible
motives for the buying. The movement
| in the local tractionsstocks and in Gen
eraf Electric grew oft Of the statement
In the annual report of the Manhattan
Elevated company as TO the progress be-
ing made toward electrical equipment and
the friendly cooperation of the Metro
politan Street Railway company. The
advances eXtendedsalp the way from 1$s
in PENNSYLVANIA to f1a in General Elec-
trio. These stocks about measure the di-
mansions of the upw9fd movement, gains
elsewhere being for the most part in
sympathy Consequently, when heavy
realizing developed in Northern Pacific
and Pennsylvania, which practically
wiped out their gains, and in Manhattan
the whole market turned weak again and
fell back to an average level about as
low as that of thel morning. There was
a final rally, but it was lacking in snap
and was not well maintained the market
closing irregular. Pacific Mail, Linseed
Oil preferred and one or two of the steel
stocks We're actively Feaetionary Call
money got up to 6 per cent again and
the time money market continued firm
and rather active. Approximations of a
! money squeeze are an influence in the
more cautious attitude of the specula-
ton, but the fact that the public demand
for stocks has evidently been stayed for
the time being IS the preponderant fact
I Of the speculation.
The bond market was irregular, in
sympathy with stocks. Total sales, par
value, 81, $40 600.
United States refunding Is declined a,
and the SIS. registered, advanced Il, and
STOCK QUOTATIONS.
Furnished by Charles H f. Smith g.
Co, members of the New York Stock ex-
change, Pioneer Press building, who have
direct wires to Chicago and New York
Closing prices are bid: