The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-10-16
DAY IN WALL STREET
CHARACTERIZED
MOVEMENT OF PRICES ON THE
STOCK EXCHANGE
MARKET. wEAKRR AT CLOSE
Public Speculation Fails to Help
Out Manipulation For an Artif-
cial Advance in stocl.
Values.

Bar silver, New York ...... .5Sia 57Ss
Call money, New York .....e.. 3-51a 3-35s
NEW YORK, Oct. 15-The movement
of prices in today's stock market lacked
clearness and eoherency at all times
Opening Weakness gave way to a period
of strength which was met by profit-tak-
ing, and the resulting reaction was Wig
orously contested by aggressive manipu-
lation of Pennsylvania. The whole mar
ket IlhaHy gave way TO Weakness, and
closed at a level lower than yesterday.
net losses reaching a point or over in
some of the leading prominent stocks.
The only aggressive. force for rise in
the market was what might be called the
formal invitation issued by the arch
manipulation in the street to the public
to follow his leadership in speculation
for the rise with a suggestive glance to-
wards Southern Pacific as an available
market leader This Invitation made its
appearance in circular form Yesterday.
with an appropriate demonstration in the
market to herald it.s9.As the author has
been associated in the Wall street. mind
with the organized support of the United
States Steel stocks, those stocks shared
in yesterdays demonstration, but the Sc
quence today was less convincing. South
ern Pacific indeed started off with a
Hurry, and ST. Paul made a preliminary
advance of III Other stocks to respond
were few, and the Obvious fact that
heavy realizing was going. on in the Pa
~.
still further to disincline the public to ac-
cept the invitation to speculate. A move
ment in Pennsylvania which developed
later, and which carried the stock UP 2
points, was nominally based on the heavy
traffic movement over the company'S
lines, but the remembrance Of old as
socIations of the author of the invitation
referred to with market movements OF
this stock aroused a suspicion of pos
sible connection on his part with the
movement. The buying was congested,
but so also was the selling, one brokerage
house being credited with sales of 100000
shares. The last priceAof the stock show
ed only fractional remenant- of the eX-
IRENE advance. Last week s enthusiasm
over the alleged plan Of a proprietary
company to hold control of Great North
lington to release large amounts of tied
up capital has entirely evaporated as
the release of this capital Is seen to be
contingent upon the investing public TAX
ing the minority portion of the stock of
the projected new company off the hands
of the projectors. The renewed heavy
demand for currency from the cotton
centers was a disturbing factor in the
through the subtreasury of 5000 to
New Orleans and $500 900 to st. Louis. On
the other hand, a rise in exchange at
Chicago to 10 cents premium marked the
cessation of the demand from that quar-
ter There were no payments for bonds
by the Subtreasury today, the belated
settlement of that account having APP
parently been completed. and the govern
ment institution has withdrawn 81 800, 900
from the market since Friday. The down
ward tendency in sterling exchange was
checked, and London was a seller of
stocks in this market. There was a some
what feverish speculation in Amalga-
mated Copper which lifted the stock over
a point, then drove it down 3 points. and
left it with a net loss of u.
Railroad bonds We're quite active and
generally firm Total sales par value,
81, 710, 000 United States bonds We're all
unchanged on the last call. -
ETOCKS