The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-10-25

AH Close. Day.
Bar Bar silver silver New Su York %drp s. s,z 6
NEW YORK. Oct. 24ssToday's broad
and active market and the VIDE fluctua-
lions in prices offered excellent oppor-
/ tunities for speculation, and all classes
| of professional opera tors were very busy
/ all day. The broadly defined movements
market were themselves under control of
| powerful speculativ Influences. and
| there were Indications of cooperation be-
/ tween the pools which were manipulating
different portions of the market. Follow
| ing this effective leadership and buSily
occupied in bringing forward the less
| prominent stocks in the list to Conform
| ia the prices to the changes in the lead
| efs was a host of small traders and
| board room. operators. who We're in and
| out of the market many times during
| brokers had their full share of the days
| business. orders coming in in large vol
ume from various sources. The latter
| element offered the effective medium for
/ the success of the efforts of the pro-
| fesSlonals. There was large selling of
/ stocks during the day to this outside
/ element. When the very active buying
demand had been pretty we'll satisfied.
| and many of the professional traders had
sold out and taken their profits, they
I took avantage of the soft eeondit on of
| the market, due to the large holdings
| of stock having passed to weaker hands,
| to put out short lines for a turn. The
resulting decline in prices increased the
/ pressure to realize, And the market
( closed active and Weakssat a level ma
/ terially below the best, but with some
/ striking net gains nevertheless remain
/ ing. The backbone of the days market
T consisted of the strength of the trans
]. continental group of railroads lying be-
/ You'd the Missouri river Many runlors
were af1oat this morning. calculated to
/ stimulate the buying Of these stocks. One
story had it that Pacific Mail had passed
/ to Harriman-Vand control as
/ transportation line from the Atlantic sea-
/ board to the coast of Asia. There were
+ also rather nebulGus repeats of a settle
/ ment of the Understanding controversy
/ over rights in the clear water territory.
| in which there has been a temporary
[ truce between the Northern Pacific, Great
t Northern and Union Pacific. A lease Of
/ the Northern Pacific by the Great North
| ern, With a per cent dividend guarantee
/ ON the Northern Pacific common stock,
Is an example of the character of the
7Ifie and aGreat NorthREn themselves
We're sold to realizee 81 2an'ssa enormous
scale. and the former ssspek, with the
/ exceptions Of a brief fs4sEyal. was had
below last nights Level al e day, but the
| other members OF the sgrGAp and Pacific
/ Mail were very buoyant during the early
part OF the day. There's was a very
| and it was intirnated by the vociferous
! element among the buyers that the divf-
dend rate is to be increased next month
/
| through the: general hist with greater or.
/ less effect. Active buying of Sugar leln-
| ed the rise in the specialties. No official
confirmation was forthcoming of any of
+ the days renfoFs, and fepresen tatfyes of
+ the Huntington estate distinctly dis.
credited the allegation regarding the.
| change in control In Pacific Mail. Ffr,.at
stock STOCK. after r.sTng broke e points,
I ng. rs
/ OF more substantial benefit was the
| news of the ngagementnof an. add tionaI
| Sl,5e9GGe of gold: fer fnReGt5 Tire weak
mess of foreign exchange, with corn bills
coming largely into the market; and the
i Justify the expectation that further, gold:
imports are imminent The Sc a3 OA6 d4Tit lfz.
| drawn from the Bank of England TODAY
4 IS not, unlikely to find it's destination in
There were weak spots in the bond
| market today. and 1t did mt share fully
| in the activity Of the stock market To-
| tai sales, par value, 81 035, Oe0 United
| states government bonds. were ALL adj
| vaneed a per cent ON the last call.
/ STOCK QUOTATIONS.