The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-10-02
STOCKS ARE Up 4 notch
MARKET SHOWED NDIeaTEoys oTT
REruRNINGr-sTR AND
ACTIVITY
HEAVY OPERATORS SHOW UP
Return of LafFee Dealer. From
Their Vacations Results in
Largely Increased Deal
inGs insthe Street.
HEAVY OPERATORS SHOW UP

Bar silver, New York. 63ss 1884
can money, New YYork.-....... .2-212 2
NEW YORK, Oct, Tine stack market
reflected the operations of professional
dealers on a laFgep scale today than for
long time past as a. result of the ar
I ~ u, IN New York from summer outings
Of the majority of the more influential
element among the professionals The
market advanced with considera BILE
show of animation and strength. The
movement was clearly apart from any
forced demand from the short interest.
such as played large part in the spas
IH,c.dle upward movements of last week.
ms was made clear by the comparative
heav1ness all day of stocks which have
SHOWN the most pronounced weakness
lately and in which a distressed short In
terest would naturally make itself most
evident. Notwithstanding the strength
shown by the bull contingent they were
unable to maintain prices. to the close
ana the tone was therefore heavy at the
eno and prices were considerably off from
The best. Because OF the brokers who
We're employed in bucking the rumor
circulated on the excf1s. nge that q reDre4
I well known steel Tnagnate, who has all
ready electrified Wall street on one oc-
caslon this year. and Who is known to
command strong and influential follow
ing. The movement eentered in Union
Pac1hc which was absorbed in a very con-
hdent manner and in very heavy blocks
all Qdy.- An extreme rise OF 2A resulted.
The Southwestern railroads moved some
what IN sympathy, but not so widely.
New York Central and Cincinnati, CfeYe-
land, chicago & ST. Louis stocks We're
strong. influenced apparently by the ru-
mors that there is to be absorbed by the
former as other subsidiary roads have
already been absorbed The leading in
duStr1alS, the local fractions and some of
the steel stocks rose from to ~ points
and Pressed Steel Car rose an extreme
3a4. A raid in the late dealings and Ten
nessee coal which carried that stock ~
under Saturday, unsettled the market
Coal stocks were TO be ignored and the
eoalers as a whole moved contrary 20 the
market. The professional bulls protested
greatly increased confidence over the
money outlook, Notwithstanding an ad-
vance in the call loan rate on the ex-
change to 21s per cent The continued
marked weakness of Sterling exchange,
which was quoted SIC to the pound under
the Friady rate for demand Sterling, gave
further great expectation that gold may
come in from England. Gold discount
rates were slightIy-easier in London and
there was a slight relaxation also In
Berlin, over the successful termination of
the stock exchange settlement. The cas-
ing OF the money rate at these eenters
in spite of the suggestive decline Of ex-
change rates attNew York leads to some
claims that the difficulties before the
foreign money markets have been exag-
gerated, and that gold can be spared for
New York witheutSprec ting crisis
1t cannot be said that this view meets
with much favor outside the speculative
element, which was engaged in putting
up prices today.
The bond market continued irregular
and the dealings on a small scale. Total
sale, par Vaule $50, Goo
United States refunding 2s when
issued, advanced 4 per cent in the bid
and new is declined Is.
STOCK QUOTATIONS.
Furnished by Charles H. f. Smith &
Co., members of the New York Stock ex-
change Pinnna4s hull rxy1,r1 how
direct wires to Chicago and New York.
Closing prices are bid