The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-11-10


NEW YORK, Nov. g9.-4Today will prove
a memorable one in the history Of the
stock exchange by reason of the amount
and great variety OF the business done
The aggregate number of shares of stock
traded IN rooted up no less than 1,544 600
shares of listed issues. and the NUMBER
of different stock dealt III amounted to 1T
issues. There were none of the enormous
individual transactions which showed in
the excited trading and extensive buying
of Wednesday. Neither was there the
synchronious movement Of the whole
market, which was so conspicuous on
Wednesday, including the brief period of
reaction after the first upward rush of
prices. Today's market, on the con-
trary, was exceedingly varied and ir-
regular all day and the furious activity
communicated without intermission or
abatement from the opening until the
close. The first transactions showed
prices of some stocks pushing upward,
while others yielded sharply to the pres
sure of realizing sales. Both movements
with entire disregard of divergent ten
denotes at work. Different stocks and
different groups of stock were success
sively brought forward into the advance
and successfully yielded to the pressure
of profit taking sales, while spectators
rushed to another group transferring
their profits from one quarter of the mar
ket to be invested in another. Nothing
could be more characteristic of a gen
uine bull market in full swim. and the
fact that the rotation of the speculation
again before the day had elapsed added
to the confident sentiment of the advance.
At the opening and during the earlier
part OF the day the railroad stocks We're
distinctly under pressure. Northern Pa
cific and the whole of the Pacific group,
as well as Pennsylvania, ruled under last
sustaining influence of the strength IN
other points in Thea market the profit
taking in the railroads. Including contin-
ued heavy selling for london account,
prices. The local fraction group and the
mercurial industrials, ;lncluding Sugar
and Peoples Gas, continued yesterdays
upward rush for time, and then sue
cumbed to the season, of profit taking.
Speculative interest shifted to the steel
stocks and ultimately carried most stocks
in that group upward from 8 to over
points, the latter figure for steel and WIRE
which came late into the movement. The
demand for these stocks and their gains
were, on the whole, the most conSpicu-
Gus and well sustained of the day. The
coalers advanced as a group, Reading
first preferred leading with a gain of 25s.
souri, Pacific and Baltimore s. Ohio, Nor
folk g. Western, sonle OF the Southern
railroads, and during the last hour Sugar
and the Pacifics generally. The fore
banks were not altogether reaSSuring,
but as the call loan rate failed to give
any Indication of a scarcity Of funds, the
speculative activity was continued up to
the close but with some signs of I'M
steadlness in prices. The course of the
currency has again turned toward the
interior, and this, together with the gov
eminent revenue requirements, seems to
have more than offset the receipts of
gold. The loan item IS looked to to eX-
plain the status of the banks. The large
funds offering during the week were in
part due to the disbursement of quarterly
dividends and interest money, but I'M
doubleday. they We're also large amounts
released from other sources. which had
been tied up for safety over the election.
The bond marketwas strong. active and
for stacks Total sales par Value, $4,-
$4,000 United States new As advanced
p, and all other issues except the regis
tered IS "A per cent on the last call.
STOCK QUOTATIONS.
Furnished by Charles H. F. Smith 6
Co., members of the New York Stock sex-
change, Pioneer Press building, who have
direct wires to Chicago and New York.
Closing prices are bid: