The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-10-02
DAY IN WALL STREET
STOCK BROKERS MORE INTER-
EsTED lin YACHT RACE THAN
IN SPECULATION
THE PRICE RANGE is NARROW
Weakness in fndustriaIs Pertains
the Most Salient Feature of the
Market-RAiIsSad Shares
firm.

SN Closing.
Bar silver. New York -. 5Sih sSM
Call money, NeW$York ...31s-i 3h-4
NEW YORK, Oct. 1.-The lively inter-
est in today's international yacht race
took many stock exchange members from
the board room ana still further diminish
ed the volume of the trading The days
aggregate sales We're barely sO00 shares
and the fiuctuation of prices was very
narrow for the most part. The excep-
tons worthy of special note were in the
industrial list and among the dormant and
less important railroad stocks Liquida-
ton on Sugar was the feature OF the
market, following a sharp. break in
prices yesterday The usual lack OF in
formation regarding the movement was
Joined in the selling in an attempt to
make a quick turn and their covering
caused rally Of a point. The stocks
extreme decline was M. The gossip to
that the insiders were liauidating on ap-
prehensions of a change in the sugar
tariff at the coming session of congress
or of unfriendly legislation Other ru-
mors had it that insiders who had sold
at the recent high prices were depressing
the price g get back their stock. The
general feeling of distrust of the blind
pool methods of the great Industrial cor
porations, which have reached an acute
stage since the recent episode of Anal
gamated, Copper was a factor in Sugar
eAlu III q uuLiUSr OlHcf lnuuSLrldlS. Ihefe
We e. declines of IA to points in Brook
lyn Transit, Colorado Fuel National Salt
preferred, General Electric and Ameri-
can Express. The waiting attitude of
the market was partly due to expecta-
lions of dividend action on the United
States Steel stocks and the presentation
OF promised financial statement The
non-appearance of this as the session
drew toward it's close emphasized the
weakness of the industrials. Amalgamat-
ed Copper was rather firm, rising q
point, then losing it and stiffening again
to about the best: rAtchisen was quite
notably firm and gained a point on ru-
the. semi-annual dividend rate to 2 per
cent at meeting tomorrow. There were
some other firm spots in the railroad list
and the general undertone was rather
firm on a belated recognition of 'yester-
days important reeuperation of money
resources by receipts of Australian and
French gold. A. rises<in the New York
exchange at Chicago to par also indi-
Gated a mitigation of4the interior pres
sure for currency. On the other hand
sterling exchange recovered a fraction
thus disappointing hopes of an immedi-
ate return to the gold import point There
was also rise in call money in the late
the conJectures as to the cause of last
weeks loan expansion and It's possible
continuance. The unusually large d.Vi-
dend and interest disbursements incidenr
to the 1st of October are expected to af-
tect the money market within a very
short time. The actian of the market
was hes1tatlng and. uncertain throughout.
The railroad bond market was dull and
irregular. Total sales, par value ST. 400.-
OCO. United States refunding Is advanced
Is per cent on the last call.
STOCKSaeA sf