The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-10-28
CLOSED WEAK IND LOVER
PROFIT TAKING IN STOCKS WAS
THE FEATURE IN WALL
STREET
DAYS BUSINESS WAS LIGHT
Heaviest Dealings Were in Missouri
Pacific and Brooklyn Rapid
Transit-ChicagO Brokers
Took Day OF.
DAYS BUSINESS WAS LIGHT

Close. Day.
Bar silver, New York. .64as 641z
Cali money, New York;. nominal 2-412
NEW YORK, Oct. 27.-There was a
very manifest disposition to sell stocks
to take profits TO-DAY. The appearance
OF the unexpectedly favorap-e bank
statement gave momentary check to
the downward movement, but the rally
was taken advantage of to increase the
selling, and the whole list gave way,
closing weak and at the lowest point.
Net Losses of between one and two points
are recorded in not a few stocks, both
in the Industrial and railroad lists. The
former department was the greater Suf-
ferer. Some stocks had a period of
strength after the opening, notably
Sugar, Brooklyn Transit and Metropol1-
tan Street Railway, which same stocks
We're most acutely affected by the late
deals. The iron ana Saeel stocks, as a
group, were weak, in spite of ENCOURAGING
reports of the industry in the weekly
commercial reviews. Several of them
suffered to the extent of'~1 to I9s per
cent. In the railroad list the most Con-
sp1cuouS selling was in Missouri Pacific,
as the latest stock to be subjected to
unWdrranted TuInOrSs tO$advance it, fol-
lowed by authorize tives Eenials Other
members 1.-The Southwestern group, no.
tably ST. Louis Southwestern preferred
the Chicago z& Atoms and Kansas CITY
Southerns were strong. Southern Pacific
continued heavyszln spite oS the~decision
We're quite weak, at F1oSSes of a point
There was d disposition sRbout the ex-
change to depreciate the excessive tend
,eIicy of the speculation and the broad
ness Of the methods employed in some
quarters. The systematic and periodical
dissemination Of bull canards was felt
to endanger the stability of a market
where buying was based upon such finn
sy grounds. No. intelliigible eXpIana zion
is offered of the large Increase in cash
reported by. the banks for the week
llT.esl lint 0so1-r tsv,1,
based on statements furnished by the
tanks themselves, ard made by recog-
Dized authorities, had placed the proba-
bic loss in cash all the way from 81 50O,-
U0U up to over $5,050,000. The payment
yesterday by the Sub-treasury of drafts
for S4,005,000 on account Of the Australian
gold recently arrived in San Francisco
statement
The week has been one or great specu-
iatye activity in stocks, and mas az
forded opportunity to market very large
holdings. The development of an out
side demand has been accompanied by
manipulation of prices in the interest
OF spectators long of stocks.
An incident of the week as been the
continued advance of silver to the high
est level in four years and the apparent
culInlnatlon OF the rise and slight, reac-
Bonds as well as stocks have respo1ded
to an awakened public interest and some
lssued have gained substantially in
prices. United States refunding 2s,
when issued. advanced 81, and the az
new ana old ~ and the SIS resistaTei
70, and 90. coupons q per cent over Tho
qCotaCons ruling week ago.
STOCK QUOTATIONS.
Furnished by Charles II. F Smith &
%, members of the New York Stock ex-
cnange, Pioneer Press building, who have
direct wires to Chicago and New York
Closing prices are bid: