The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-10-29

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NEW YORK. Oct 2S.-In no important
particular did today's stock market dif-
Ter from any OF the preceding fortnight
There was the same all-around dullneSS
sacted was almost wholly professional
Commission houses reported next TO no
demand either Tor the long. or snort ac-
count, but some OF the western houses
bought moderately: Prices manifested a
furrner tendency to sag in the early day,
but rallied later, and closed in many IN
stances at a higher level. .-E
Sterling exchange was a factor, advanc-
ing to $4.S634 as result of the strong
demand for London rem1ttanceS. MoSt
of the days business was done on tins
basis: Commercial bills We're IN 5000 sup
ply, but bankers having. to remit by to-
morroW'S steamer absorbed all offerings.
These familiar with the movements OF
Paris exchange. figured that New York o..
point where gold could be exported with
profit. In case any remittaIces are made
in gold, it is clear that Paris will be
their destination. These experts argue
that while no exports are likely to be
made Immediately, yet such movement
may come in the middle or the latter part
of next month.
The Early Movement.
Anything like detailed account of
the days doings in the stock market
seems almost superfuous quotations at
the. openins We're fractionally lower and
for Texas & Pacific and ST. Louis & San
| Francisco issues, moderate advance In
ST Paul and Sault Ste Marie, and an
| initial loss of more than l. per cent on
Louisville & Nashville.
The list hardened and prices advanced
quite generally but, the most important
gains at this particular time were in the
special class which includes American
Cotton Oil and Virginia-Carol Chemi-
cal stocks Manipulation was shown in
10 ant of Tr1ta
which opened with a three point decline
and made further loss. later The mar
ket held fairly. steady under this rally,
being assisted in part by short covering
but attempts to realize on the advance
| notably in st. Louis &, San Francisco;
! We're unsuccessful, those. issues closed
features of the afternoon, which was 9TH
erWise quite dull was the activity IN
Sugar. 1t was extensively purchased Tor
Boston account, but the, stock closed at
Big Drop in keokuk G. Des Moines.
A few special movements out of the
| common included 14-point decline in
| the Price of Keokuk & DeS MoineS pre-
ferred On the sale of 100 shares, and a
drop of s. points in Western Electric.
| More or less uniform strength was shown
during the day by such stocks as Texas
| &, Pacific, Minneapolis, st. Paul & Sault
| Ste. Marie common and preferred, Balt1-
more & Ohio, Missouri Pacific, Cotton
| Oil and Virginia Carolina Chemical Nor
| folk & Western, one of the most active
| features of the day, recovered the great
part of its early loss and the weak fea-
! lures other than those already named en-
braced Erie, the second preferred; Della
ware & Hudson, Kansas City Southern,
| New York. Chicago & ST. Louis, Chicago
| Great Western preferred, and Colorado
Fuel. London was again a seller, though
| buying moderately on the early decline.
| The closing was firm.
| The bond market was dull and fea-
tureless, but generally steady. Total
| sales, par value, $1,410. 000-es- United
States bonds were all unchanged on the
! last call. z-. :gai