The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-10-09
DAY IN WALL STREET
IRREGULAR MOVEMENT OF PRICES
REFLECTED VARYING OPINIONS
OF SPECTATORS
WAS EASY AFFHE CLOSE
ST
Prices Reached EheiraHighest Late
In the session! bd4f Ea.ed OF
Again Before the
Bell Rang.
CLOSING.
TlnSdaN Mnrdn,

| CLOSING.
Bar silver. New York -. SIX So
Can money. New York ,4...s-4 sh-4
NEW YORK, Oct. S3The conflicting
and varying movement iof prices in the
stock market today showed that specu-
iative sentiment was considerably unset
tied. The impressive buying of yesterday
which came from few concentrated
sources evidently made. an impression on
professional traders. They were inclined
ment of the market yesterday was Gull
mination of the downward movement,
large bear interests taking advance of "a
raid on leading stocks toScover their short
contracts. Influenced by this conviction,
there was disposition to cover short
lines today, A drive against Sugar and
bIookiyn transit AFTER the early strength
unsettled this conviction, but the bears
had evidently lost their aggressive spirit
and did not pursue their advantage but
took occasion to cover their short lines
again Prices touched the highest late in
the day. but the situation again over.
came the spectators, and prices sold off
again leaving the close easy. The signs
of an oversold condition of the. market
were balanced against the persisting
doubts and dread that. the money market
resources are not sufficient to save the Sit
uation for the remaining period of jim,
terror demands for currency. Back of this
lies an apprehension in some quarters
that the present reactionary tendency of
the market may mark a step, in a pro-
to declining trade and industry. fol-
lowing the elimination of the late period
of prosperity. Even if such a period has
fairly set in. the course of the decline
is sure to be 1punctuated by occasional
upward reactions OF special influences
at work today. the publication of the un-
favorable August statement of earnings
of Brooklyn Transit was regarded as the
elimination of unfavorable conditions for
that stock, The steadying of4the raw
copper market in London seemed to affect
Amalgamated Copper faVorabiY. There
was also a report of settlement with con.
tending interests. The death of the
ameer of Afghanistan was a depressing
factor in the London market which was
reflected here. Movements in the foreign
markets were decidedly confused Con-
soils dropped sharply and the fall in ster-
ling exchange at both Berlin and Paris
seemed to reflect some withdrawal of
purchases for Paris account in the Lon
don stock market Interest rates also
declined in London, notwithstanding the
installment of subscriptions due on the
new consolS on Friday. which amounts to
some SIS, 900. Sterlih gIexchange in New
York continued firm, which probably was
the dominant influence on the decline on
the London money rates.-The recent re-
ports of coming increase in the Atchi-
son dividend rate persisted today but
that stock showed less frmnesS than 9TH
erS in the list and closed at net de-
cline. st. Paul was censpicuously strong
and there was a renewed advance in the
Vanderb1lts The late. REACTION, however.
was universal.
Railroad bonds shared in the Irregular
ity- of stocks. Total sales, par value 81
275,000. United States bonds were all I'M
changed on the last call
STOCKS.