The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-10-31
STOCKS Dull lind LOVER
TRADING In WALL. STREET WAS
LARGELY of THE PROBES
SIGNAL ORDER
SOUTHERN PACIFIC STRONG
Gained a Net 3zse-Northern Pacific
and Sugar EW6re the Other
Active Feat Tres Of the
Tsagths.

NEW YORK, OCT, 36.-There were. only
one Or two movements of any interest or.
Importance on the stock exchange today.
The market fell into state of semi
Stagnation at times and moved sluggishly
and irregularly with no other motive
power than the operations of the probes.
SIGNALS who sought to make days
trade. There was a very marked lack
of the orders through commission houses
which were a feature last week. The
apathetic aspect of the market was not
explained by any news of the day il
was the outcome largely of the corserya-
tive spirit of caution which is not unusual
in the closing days of a national COM
panion. There Is some uneasiness lest
the speculation on the part of outside
public has over-discounted the conditions
expected to develop after the election
Is out of the way. 1t Is believed there
are large speculative holdings in the mar
ket at that time. They are disposed
therefore to discourage further specula-
ton at this time. = There has beer. some
disposition upon the part of the commits
sion brokers to call for an extension of
margins. The risk incident to the par
tieular period Is alleged as the ground,
but 1t is not improbable that enforcement
Of conservative views on speculation may
be an Interior motive of the commission.
some remaining effect from the rally ten
dency of yesterday. But the buying ex-
shausted itself soon after the opening
and prices drifted to a lower level The
poor showing Of net earnings for Sep
TENDER by Northern Pacific caused the
reaction IN that stock from Yesterdays
strength on the marketing of some very
large blocks Late, in the day Southern
Pacific; after holding firmly all through
V.lTy Il liTOor5 0hA
centrated and very heavy buying. The
stock was bought early for London ac-
count, seemingly on satisfaction over the
choice for the next executive. An al
most endless stream Of stock was poured
out when the price reached 3S. but all
offerings were confidently absorbed and
the price finally rose through that figure,
but the buying was then relaxed. This
late movement hadsa sympathetic effect
on the whole market and pulled some
Of the railroad stocks above last nights
level. There was some strength among
the leading industrials and speeialties,
stocks were inclined 70 advance after
some early heaviness In sympathy with
loss Of ~ In thu plate. Tennessee
Coal was notably strong. Pittsburg, Chi
cago, Cincinnati & ST. Louis fell near
ly points in light selling and ma
tionaI lead. preferred lost 31s. The
money market was easier on a relaxation
in the demand rather than In any adj
ditienal supply. The heavy collections
by the sub-treasury on account of Alas,
kan gold and by the expectation Of
further receipts Of gold imports from
Europe. There have been no transfers
Of currency to the interior through the
sub treasury since last Friday. The for
eign money markets begin. to reflect the
determined efforts of the Bank of Eng
land to influence the unfayorable ex-
change against London, and sterling ex-
change hardened a shade from the Same
cause. The tendency sofs bonds was
rather. easier, but Points OF strength de-
veloped in the market as the day pro-
crossed. The total sales, par value, ST.
240,000. The United States bonds We're
unchanged on the last call.