The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-11-09

SPECULATION ACTIVE
FALLING OFF IN THE VOLUME OF
TRADING, BUT STRENGTH
~ REMAINS.
REALIZING ON Strong STOCKS
Temporary Advances Wiped Out by
NEUTRALITY-SUSPICIOUS. and
southwesterns Are
Lively.
REALIZING ON STRONG STOCKS

NEW YORK, Nov. S-Tbere was fall
ing off in the volume of transactions in
today's stock market, Nut The speculation
continued notably acaFe. I There were
conspicuous points of strength through.
out, but the general list moved irregu.
larly, and a nunAsr of prominent stocks
were at different times above and below
last nights 1eyel. Realization was very
large in stocks which have been strongest
recently, Notable in this respect were
the Pacifcs and st. Paul An effort
WAS made atone time to renew the up-
ward movement in these stocks. with a
resulting advance in st. Paul of 49, over
last nights Level, but the advance met
fresh realizing and was wiped out Union
PacIflc'S movement was similar New
erks Central made another notable show
of strength al an extreme advance of 81
RumorS continue current of the early
adoption OF plan for proprietary COM
pany to hold9t stocks of the Vanderbilt
ROADS. PennsylVan1a and its subsidiary
stock formed another center of strength.
except Baltimore & Ohio, which was re-
duced on realizing, and the Wheeling Il
Lake Erie stocks moved in sympath
with this group.
strong to the accompanying of reports OF
large earnings and pending increases in
the disbursement. An active demand
eIssued for Louisville & Nashville and
ferred, which touched 1925. The buying
of this stock and of Louisville was based
on the general argument that they were
selling low compared with other stocks
paying the same dividend. The settle
ment of the Northwestern railway con-
troversy continued to receive much at
tentien, todays version pointing to the
granting to the Union Pacific of proper
tionate control of the Burlington system
by concessions of DIRECT holdings in that
company. EA
The possibility of releasing locked-up
capital under this plan made it particu-
1arly attractive to the speculative mag
nation. The preliminary figures of cash
movements for the past week Indicate a
small net change in the banks reserves
although the various currents contribu-
ting to that result have been unusually
complex and numerous
The exports of 50, 10000 of gold has been
largely Influenced by the subtreasury paw
ment on account of Australian and Klon-
dixie gold, while that institution colIec-
lions of government revenues in excess of
expenditures has been met by the re-
demption of government bonds The sub
treasury paid today on that account for
bonds. which did not figure in the esti-
mates of the cash movement. The banks
have lost small amount on balance on
the interior movement
The reported settlement of the Franco
Turkish difficulty was very slightly re-
f1ected here, except as it reflected the
feeling of hopefulness in relation to the
future demand for gold. The market
closed irregular with considerable reduc-
tons from the best, caused by heavy
realizations during the last hour
There were. sharp upward movements in
Central of Georgia bonds and in Kan
sas & Texas seconds. The bond market
was generally active and irregular To-
tai sales, par value, $5,310,OG0 United
States bonds We're unchanged on the last
call: 2
Stocks.