The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-10-27
CLOSED At IN ADVANCE
WALL STREET MARKET SHOWED
A WIDE RANGE OF
PRICES
Ia13SV
ges
sds Il
BUSINESS FAIRLY ACTIVE
Y
Southern Pacific so Northern Pacific
and BROOKLYN Rapid Transit
the Features of the
Days ISrrffiasding.
BUSINESS FAIRLY
f[TNE
ACTIVE

,afii Prev.
Bar silver, New York $500. 64H S1H
Call money, New York ........2o4% s1b4S
NEW YORK, Oct. 26-The stocx mar
ket underwent many mutations of senti-
ment today, but / 0I1i the whole came
through the days ordeal very well and
the average level of prices was higher
as a result of the days trading The
market was very irregular from the open-
ing, and during the course OF the session
the reactionary tendency fairly got the
upper hand, carrying prices to well below
the most active stocks was from / to over
z points. but the final rally reduced net
changes in nearly all. cases to small frac-
tons. The weakness which overcame the
market was clearly enough an incident Of
the digestion of profits. The force of
the final rally showed that professional
operators ventured to sell shorts pretty
freely also. Wall street had its daily re-
port this morning of stupendous new
combinations in the railway world. this
time relating to Southern Pacific The
Vanderbilt interests, 1t was said, had Sc
cured control and all problems of compe-
tition and rate cutting were forthwith to
be settled. Chicago & Alton and Kansas
City Southern, it was also confidently al
curities of the latter two companies re-
sponded with brisk advances But In
Southern Pacific enormous blocks of long
stock came out, succeeding a primary
ter of a point apart. The opening quo
tation was the highest of the day, and
the stock fell away 17s during the ac-
tive selling movement. Brooklyn Tran
sit was very actively dealt in, and was
pushed up 1% before marked signs of
weakness began to develop. These points
Of strength served to sustain the market
but realizing continued on an active
scale. The coalers broke sharply on
report that the Reading company could
mine to its full capacity A number of
hO troy nd CT etc n Eve
/ to " points. They were affected some
what by the reports $of the deep cut in
prices of steel rails made by British man
ufacturers, folloWingsSa~ cut made earlier
in the week by German producers The
late rally was lede by Missouri Pacific,
which was rushed up 3 points above the
lowest, without any news to account for
the rise. The fall II the call money rate
to per cent and the manifest relaxa-
ton in the pressure5fo realize encouraged
the advance. Preliminary estimates of
promise a large decline in cash securi-
ties. Operations With the subtreasury
offered the greatest. interest. Deposits Of
cash with this institution for transfer to
the interior have been much smaller this
week than last. On the other hand,
there have been payments of drafts, ow-
ing to the gold deposits at Pacific coast
points. and the portion of the gold i'm
ports, which came as bars have been
paid for at the assay office. Neverthe-
less, the subtreasury has absorbed from
Lie DdItkS the week no less d SUM
than 81, 10000 The shipments of curren-
cy by@express to the interior are believed
to- have been less than d.O00,600, but the
decline in%eash reserves seems cert>inly
to have reached total of 5000 GOO. the
action Of the cali money market relieved
apprehension, and suggested the inference
that the=banks must have further con-
tracted their loans so as to.afeduce the
reserve requirements during the week
Only about $4,000, COO Of gold of the SILL
DOC, 900 engaged for. imnort vas received
In time. to figure In -. sta tement, the
balance, being In transit $3.50
The bond market con inued active and
showed points of weakness in sympa thy
with stocks. Total sales, par value,
3d. $50, 900 -. United States Fefauding 2s
when. issued. the and zoldz1sts, and
the. IS adYaneed4A per cent on the last
CALI
STOCK QUOTATIONS..
Furnished by Charles H. IT. Smith &
Co., members of the New York Stock ex-
change, Pioneer Press building, who have
direct wires to Chicago and New York.
Closing prices are bid: --~==-==z=zsS -