The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-11-09
Mt ADVANCE IN STOCKS
WALL STREET ROOM OF wEDNEs-
DAY WAS CONTINUED
YESTERDAY
sPECIALTIES WERE IN FAVOR
Advances in the List General, Ex-
cept the RAILROADS, which
Showed SMALL Losses in
Some Instances

Bar silver, New York! ,...... 62lb 6SB
| Cal money, New York .........- 2124 Ia
NEW YORK, Nov. S.--The stock market
| showed the effect of some unsettlement
/ of Yesterdays buoyant conviction of spec
uIators and the growth of an apprehen
sion that the rise in prices at the pace
/ set yesterday might ind an early culmin-
/ alton The more conservative element
made their influence felt from the open
! ing, and at one time during the dSy
/ brought the advance fairly, TO a stand
! still. The firmnesS of the undertone of
/ the market at that time was very strik-
| ing, and it was shown quite conctusively
/ that the large holders of stocks were
not particularly nervous over seeing the
rise in prices checked. Even those who
/ are willing and anxious to sell out on
an upward tide showed a determination
to hold at any lower level A very buoy
! ant tendency then developed in the In
| duStrial and specially departments of the
/ list The localized character of this
| strength with the absence of any spe-
| cial news to account for 1t gave ground
! for the supposition that powerful manip-
| ulation was aiding it. The success which
| accompanied the manipula ton Invited re-
neWed speculation in that quarter by
| outsiders, and al the same time served
as powerful sustaining influence for the
rest of the market. Under cover of this
! support profit taking went on very
heavy scale. Except for sudden adj
vanceS in some Of the usually inactive
railroad stocks the railroad list was dis
! sylvania was marked up at one time to
40, but it held this only momentaIily
The price remained above last nights
level, but was unable to get back to the
top. The Pacif1cs and SouthWesterns as
well as the stocks Of railroads affiliated
with Pennsylvania, which were so con-
SpicuouS in yesterdays upward move
ment, all suffered from realizing In Mis-
souri, Pacific the net decline at the low
est was point, and in Northern Pacific
the extreme decline was lk On the
ether hand, the mercurial specialties,
which are always sfavorites with the
spectators, rose buoyantly on enormous
dealings. One or two iof them had been
below last night early. in the day notably
sugar, which broke rs at the opening
4he late upward movement carried Sugar
People,s Gas, Manhattan, Brooklyn
transit, Metropolitan. e. Street Railroad
Pacific Mail and American Tobacco up
from "a to nearly 6.Tpoints. Yesterdays
enormous buying of Northern Pacific was
explained by today's declaration of the
extra dividend of L per cent on the CON-
mon stock The omission of this dividend
IN august, when the regular semi-annual
oivldend OF per cent was declared was
considered a very ominous sign Of the
prospect of curtailed earnings for rail-
roads Today's action Is accepted as
showing restored confidence in the main
but it did not savet the stock from a
sharp reaction of profit taking The steel
STOCKS were irregularSs steel and wire and
Pressed steel ear shoWing reactions. while
other members of the group were strong
Money Sfor,9yy continued in abundant supply, and
SSterilng exchange rose further with the
sales ne of stocks for London account,
The bend market continued active and
I'm I9tal sales, par value $4,OS5, 900
UEIted States 5s advanced 1S-ane eli
S 9ther issues, except IS, 4 per cent on the
STOCK QUOTATIONS..
furnished by Charles H. F. Smith &,
G9;' members Of the New York Stock ex-
diTecF w [aoIeeE Ptess building, who have
Closing prices are M1f' ~