The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-10-10
DAY IN WALL STREET
SPECULATION CONFINED TO THE
SMALL FRY, AND NET CHANGES
NARROW
DOUBT AS To- The FUTURE
Holds Trading Within Limited
Bonnds-BroolsI}n ufansit Adj
vances in Face of Efforts
to Sell Down.
DOUBT AS To- The FUTURE
Bar silver New York ...... 57N 57N
Call money, New York.. 3-3N 81

Bar silver, New York ~ 57A 57A
Call money, New York;. .3-3N 81
NEW YORK. Oct. 9.Ifhe same doubt
and hesitation regarding the future
course of prices was reflected in today's
stock market as in yesterdays. Specuia-
ton was liStleSS and apathetlc, and the
sentiment of the small traders, whose
operations made up the market under
Went many variations. Few active stocks
show net change of as much as a point,
even where the days range was consid-
cradle. The disposition was to close up
contracts both on the long. and the short
side until the future course OF prices
outlines itself more definitely. This ten
dency was demonstrated in the response
of Brooklyn Transit and of Atchison to
the specific developments affecting them.
The annual report of Brooklyn Transit,
which was published after the closing
of the market last night, was interpreted
unfortunate by all the current comment
especially in the disclosure that the treas
ury bonds had been sold during the year.
Yet the stock promptly advanced and
resisted an attempt on the part of. pro-
fessional traders to depress the price. The
stock advanced at one time 211a, showing
the most conspicuous strength in the mar
ket. The increase in ,Ethe AtchiSon divi-
dend rate although confidently predicted
in some quarters, had been denied with
equal confidence in others. In fact the
decision seems to have been discussed
and finally decided in the neeting itself
VI the directors. lie aCteInpI TO au-
vance the stock on the announcement
proved abortive, the extreme rise over
last night reaching less than a point,
and the net gain only a quarter, The
doubt over the predicted advance was
due to the fact of the shortage in the
corn crop. Some of the other South
western railroads were offered down
sharply, as though to emphasize this
view. The estimate Of the years wheat
crop by an agricultural periodical plac-
ing it at a record figure. and at LOO. 900, 900
bushels fer Kansas alone, was an OPP
perfume offset to this, contention. The
election of an additional Standard Oil
representative to the: Union Pacific board
of directors was a. veGiacation of an
other bullsprediction. {aBut the bull party
hesitated to take up the speculation for
an advance, owing to- the danger that
the interior movement of currency ter
inmates. Sterling exchange was notably
strong today on an Ietfpe demand, ster-
ling fairly touching $4.86,. This is more
than cent in the pound sterling above
the gold import point. Sugar and Anal
gamated Copper, which continued active,
drifted rather uncertainty with a rather
firm undertone. Norfolk & Western was
bid up nearly 2 points at one time on the
assumption that recent accumulation of
the stock has been fSattaccount of Penn
sylvania railroad interests. The market
closed irregular.
There was a Sharp break in Wabash
debenture B bonds. The market other
wise was rather dull and irregular. Total
sales, par value, $2,S40,000. United States
call.