The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-11-20
Stocks GOSE At AIOSS
REALIZING SALES THE FEATURE
OF WALL STREET
TRADE
GREAT NORTHERN IS HIGHER
Closed at a Net Gain of Seven and
a Half POints-Dag's Business
a Million and Guar
ter Shares.

v.
Close. Day.
Bar silver, New York;. "a 64ik
Cali money, New York ....331155-415 -.
NEW YORK, Nov, 19.-The selling nres-
sure today again proved more than the
market could absorb, and prices are very
generally lower, as a result. There are
few exceptions, both IN the railroad
and industrial departments out the
strength in these few stocks was not free
from an appearance Of manipulation by
tne pol1s 1or the purpose OF sustaining
the market and encouraging renewed
buying for the advance. The downward
course OF prices promptly set in after the
market had opened generally higher
Easier money in London and the extent
OF The advance for Americans prompted
some speculative ventures in that mar
ket, and there were stories cab!ed from
abroad of great Trunk line consOlida lions
showing the rumor uonger had been re-
ealing the British public with Inucil TIE
same Kind Of fare as that which has been
offered in Wall street for some time past
The lower prices here In New York a +
tracted buying by the arbitrage brokers
which served as sustaining influence
but on the continued evidence of de-
preston, London turned seller and lu-
Undated very heavily, the sales on bal
ance being estimated at upwards of 10
cU0 shares. Selling from domestic sources
was also very large. The railroads. as
rue, We're most afeeted, and many
standard stocks were forced a point or
over below Saturdays level In the
late dealings a strong demand da11aj-
! oped for Northern Pacific, which carried
that Itock up rs to 68S4. Great North
ern preferred rose easily an extreme 8
points, but this rally, while it affected
lrle market generally, and drove the
pears to cover, did rot. hold, long stock
coming out on the advance. When the
pears perceived this, they made . fresh
ATTACK and drove prices down again and
Whlte the level Of the market did moi
1aI generally to the early low MONT
and
the points OF special strength should ne
mentioned General Electric Marrono1i
tan, American Ice, Steel and Wire. CoI-
craCo Fuel and An erican Maltinor and
Tor time Sugar and Brooklvn Tra9sjt
Inc. announcement Of a failure of q hoard
u enber had some slight influence mon
sentiment until il was learned TO be- of
no importance. There was m actual
news developments 10 account for the
downward course Of prices. and II Wa
!aIseIy due TO technical causes The in
pred custom of professional operators
10 take the bear side of the market
against public bull position asserfa5
Itself, and there was much Solid onin-
ION TO be heard tnatZthe rise 10 prices
20 10 oTeIr4n Itself ana that reaction
was overdue. The money market was
cIosely scanned for signs of dininishir2.T
resources. Call money hardened sIigl1tIV
H H4l.- eased OF again IN the late dealings
NeW York exchange at Chicago also fell
from small premium to a small 5jS-
CONT The Sterling exchange RATE he'd
STEADY in spite of the slightly firmer mon
ey rate here and an-easier rate in Lon
qon. The supply Of grain and cotton
bills has been much diminished, and ex-
change experts sun mise that the firm
ness of exchange indicates an accuInu-
ia[lcn going on for some purpose, prob
d1!y subscriptions to foreign loans
The volume Of business in bonds as
wen as IN stocks was considerably di-
mlnlshed, but prices of bonds held firmer
nan tadn tnoSe OF stocks. Total sales. par
Value, 3,305. coo. -
United States refunding rs and the
coupon Is advanced 4 and the rCv Is
Is per cent on the last call.
STOCK QUOTATIONS.
Furnished by Charles H,rF. Smith &,
Co., members Of the New York SFacir
exchange, Pioneer Press building '1 W3S,a
nave direct wires to Chicago and New
York Closing prices are bid: