The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-10-19
SI(NkSHEHIpA Rundown
DEALINGS WE'RE PROFESSIONAL
AND OUTSIDE NEWS SEEMED
or LITTLE EFFECT
RALLY IN THE IRON GROUP
Was the First Feature of the Deal
negotiating Of the Mine
Strike HAD BEEN
Discounted.
Ear silver, New York. 6oIs So
Call money New York............ Sd $3.50

Prey.
Close. Day.
Call money, New York............ 81 $3.50
NEW YORK, Oct 1S.-The ovement
of prices of stocks became exceedingly
varied and irregular today, under the
operation of conflicting speculative
forces for These forces We're largely pro
conducted their operations with free hand
and on a large scale. SO far as the sur
face of events showed. large and int1u-
paign for a decline today. There was
open selling by an interest which has
long persisted on the long side of the
market and for whose account there WAS
large selling today, not only in stocks
IN which there had been open buying for
some time past but in other stocks all
around the room. On the other hand,
there was resistance offered to the de
Cline by the manipulation of various Spe-
clal stocks with sharp advances. How
lar this latter movement resulted from
desire to sustain the market for the
purpose of realizing in other stocks 1t is
only to be surmised. In Union Pacific
the selling to realize was on an enormous
scale, blocks of a thousand shares and
UPWARD coming out frequently. Consid-
erirG the volume Of dealings, the narrow
movement of the price is a pretty good
indication of a. continued heavy buying
demand. The stocks extreme range was
IS
the late dealings there was full recovery
The heaviest selling pressure of the day
was IN stocks which have been recently
the center of ball operation, Pennsyl-
Fenia, Baltimore & Ohio, Southern pa
cjfic, AtchiSon preferred and Louisville
were conspicuous in this category The
aggressive selling was succeeded by pc
RODS of dullneSS and feeble rallies but
the development of positive strength at
some points later in the day made the
unGe"tcne frlner throughout. The 1rst
notable rally was in the iron@and steel
stocks, which were suddenly advanced
all around by rapid stops from l TO a1b
Prices of the group. then fell back, but
points of strength developed eiseW here
The movement in New York Central and
In stocks of allied companies, which are
Ell ected to come into closer relation
was notable one. There were substan-
tial gains in all of the New York, Chi
&c go and st. Louis stocks, the first pre-
ferred selling, up six points on a single
sale and closing S1iJQintSx igher bid The
Lake Erie and Western stocks and Can
AGA Southern rose from 1 to 3 points.
Chicago & NORTHWESTERN, the Denver
Il Rio Grande stocks and a few less con-
spicuouS railroad stocks also came into
lake movement, which spread throughout
the list Sugar rallied sharply "a peints
2nG the closing was firm and at r9coY-
cries. International Power was cOnSptcs
uous for a slump of 9A points OH the
execution of small selling order The
market was strictly professional through
out ard the news of the day had little
influence ON prices. The ending Of the
coal mirers' strike was entirely ignored.
The retention of the Bank of England's
rate of discount att4 per cent had little
effect here, as the course of Sterling cx-
change continues upward. owing 70 the
falling off in the supply of cotton bills
ard 1t is not expected that in future any
further gold will be drawn to New York
CnGer present conditions. Transfers OF
currency. through the sub-treasury rose
TO .SS25: O9c, today, but New York exchange
discount to % per cent discount The
bond market Continued irregular on a
fair vo III Of busin ess. Total sales,
par value $1,1l5,019. u. S., new is ad-
vanced Il per cent on last. CALI
STOCK QUOTATIONS.
Furnished by Charles Fl. f. Smith 6
Co, members of the New York Stock es-
change, Pioneer Press building, who have
direct wires to Chicago and New York
Closing prices are bid: ..-,sT.,1s.-,-