The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-10-24
MARKET SHOWS MUCH HEAVIER
DEALINGS THAN USUAL IN
RECENT DAYS
STREET IS MORE CONFIDENT
Belief Grows of 2mIcdhle Northern
Pacific settIem elif-ohicago
Great Western Makes
Notable Advance.

NEW YORK, Oct. Speculative ar
tlvlty today was largely confined aga n
70 few stocks, butfthes field of action
shifted from the Vanaerbflts and Chfea 20
d North-W eStern into St pam Inn n
Pacific and Southern Pacific. 1'he over
Whelmlng proportion of the DAVIS tora1
business was in these three stocks. The
aggregate dealings rose cousfde,a hiv over,
those of recent times ana as the day
progressed the market showed a broad ID
enlng tendency in nsyIapatfy with the
sustained strength OF the three leaders.
chicago Great Western came conspicl1
ously into the movement later in the f{av
and achieved an extreme advance of %
On very heavy dealings, closing at the
hiShest Other stocks reacted somewhat
from. the top, Influenced partly nv a
break of "a in Chicago & North Western
preferred. st. Pauls extreme rise was
three points, Union Pacific 23l and So1th-
ern PACIFIC point. Among the stocks
to- come forward late in the day were
members of the soft coal group and tfe
Southwesterns with gains of i to l6 SUI
sar was also quite notably strong rising
~, ana International Power advanced 20
The early weakness of the market was
quite generally overcome by the late adj
vance. Analgamated Copper which fell
TWO points in the morning closed with a
net loss of only 1is.. There was some
very large selling in the stock and II
was affected by the weakness of raw
copper in London. The local fractions
and Peoples Gas were also prominent in
the early depression Glucose fell 216
and the preferred under raids nv the
bears and Hooking Coal was forced
down IL within subsequent recovery
There was some continuance in the earlv
dealings of yesterdays early strength in
the Vanderbilts, New York Central risins.
49, Chicago & Northwestern and the
preferred 81, but the movement was nor
continued after the reaction in the mar
ket, but 1t was undoubtedly based upon
the assumption thatrtIle negotiations now
r - IT,
of the Northern PacifiE controversy with
benefit TO the whale transeontinental
railroad situation. The neglect and Ia q
glng tendency of Great Northern pre-
ferred and Northen PaciBc preferred did
not seem to disturhYss this conviction.
Neither did the apparent contradiction
found in the insistenees oali the retirement
OF Northern Pacific preferred and the
broad intimation from President Hill that
Great Northern is to sbe consulted in the
matter of control ofsthe Darlington sys.
TEN as well as Northern Pacific. These
lnslstenees7 are regarded as the vantage
as it undoubtedly iS.E Bariingtsognln tons w 9a
quoted in the closing at 19O019S. The
continued movement of currency to the
rsootn and the. prospect of Sl0,oo0, 0o0
payment to be made, this week on account
of the Pocahontas Coal combine did NOT
seem to disturb speculative Sentiment
As between Sl,0e0, 600 and s., OOe, COO of this
payment Is to be- made to foreign own
-ers, an additional factor is disclosed in
the recent hfmneSS of the exchange mar
ket- That market was somewhat easier.
today. notwithstanding the advance In
London discount on account of the loss
of more than 81 900, COO additional in gold
to the continent. The bond market was
quite active and broad, and prices as a
rule advanced. Total sales par value.
$46I9,000. United States refunding 2s
declined Il, and the old As Is per cent
on the last call
Stocks