The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-11-22
STOCK MARKET NASNINE
PRICE MOVEMENT IN WAR
STREET IRREGULAR ON HEAVY
REALIZING
UNDERGONE WAS VERY FIRM
Notable Shown by the-Granger Rail.
roads, Headed by st. Paul-North-
ern Paciic's Show a
Slight Recession.
Bar silver .:.......:..:e.1 63% 81
Call money, New York .....3jS-4 3b~5

Prev
Call money, New York .,.....351S-4 89h05
NEW YORK. Nov. .21.-Todav,s stock
market represented nothing more than
the routine progress of a speculative
boom. There was continue ton of a
large and we'll distributed demand for
stocks, and there was very heavy selling
to take profits. The result was the same
lrregular1ty in price movement which has
been more or less the rue ever since the
present speculative period began Prof
It-tak1ng today somewhat oVer-bore the
new buying, or at all events the selling
movement showed its. greatest force to-
wards the close Of the session so that
the sentimental effect in today's market
was on the side of reaction to greater
extent IMAM on previous days. A COM
paratiye measure of the profit-taking on
such days as yesterday and today is Diff
ncult to fix, but yesterdays trading was
clearly calculated to influence an advance
because the buying movement came late
ana 0Vercane the earlier depression. That
influence was clear this morning in the
large buying orders. which had come
INTO commission houses over night for
execution. London also felt the in
Huence and BOUGHT stocks in the Ameri-
can department on a large scale. It was
perfectly natural that the good market
afforded by the large buying this morn
ing should be taken advantage of to take
profits on the notable advance in prices
of yesterday. The first hour of the mar
ket was furiously active and remarkably
steady, the demand being fed so freely
as to preclude any sensational advances
But as an impression began to be made
on prices, the selling pressure was re-
faxed, showing the careful nursing proc
eSs or the powerful speculative leaders
who are at the head of the present move
ment. Buying was then diverted to new
points, and under cover of the notable
advance thus achieved. the realizing was
resumed. The day closed with the mar
ket- somewhat overwhelmed with the vol
ume of realizin0 although there were
some final rallies on short covering. But
cept in the stocks that had been espe-
cially strong. The grangers We're fore
most in this list, St Paul leading with
an extreme advance Of 312. Atchison
common was very heavily bought at an
advance of 23s Brooklyn Transit and
the other local traction stocks. Louisville.
and at one time Sugar and Peoples Gas
We're also strong points. Northern Pa
cific stocks were naturally prominent in
the reactionary tendency. after yester-
days notable advance, and Pennsylvania
yielded to increas ing pressure and closed
the day generally att net declines The
early strength in Union5 Pacific, the Den
yer & Rio Grandes and the st. Louis
and San Francisco stocks yielded to re-
action. The internatipna4 paper and Gag
and paper stocks were weak on talk of a
strong rival organization. The demon
stratiYe publication of a bullish interview
by the most pronaineRf individual opera
tor in the street wasf made the occasion
for much Of the preittaking. Money
continued easy and the ssubtreasury paid
out 81, 100000 on account of assay office
checks for gold deposited at Pacific coast
points from Australia. This swelled the
total debit balance of the subtreasury at
the clearing house to $2,01, 406 The I'M
dertone of the sterling exchange market
continues firm, in spite of some large
buving of stocks for London account
The bond market. showed well distrib-
uted strength on a large volume of deal
ings. Total sales, par value, $685.. COO
United States bonds were all unchanged
0n last sTocK QUOTATIONS.
Furnished by Charles H. F. Smith &
Co. members of the New York Stock
exchange. Pioneer Press. building, who
have direct wires to Chicago and New
York Closing prices are bid: