The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-10-31

NEW YORK, Oct. 30.-The stock mar
ket was again dull and narrow today,
though at times there were indications of
a somewhat better feeling. This may
have been due to the slight decline in
demand sterling, which lessened the prob
ability of early gold exports. Other ia
vorable features included some more re-
ports of railroad earnings, and Londons
more friendly attitude, though that CEN
ter dealt very moderately in this market
and sold quite as much as it bought.
Opening quotations We're generally a
fraction better thai the previous days
close The strong features in the early
trading included ST Paul, Baltimore &
Ohio. Southern Pacific Sugar and Anal
registered declines at the same time were
Reading, Louisville & Nashville and
United States Steel. A further tendency
toward better prices was soon shown and
Norfolk & Western, Missouri Pacific and
Manhattan were quoted at improved
prices. There was, no news to account
for the general Improvement other than
traders seemed to think the market had
been oversold.
More Strength in Gould Stocks.
The Gould stocks as a group developed
increased strength under the lead of Mis-
souri, Pacific and there was moderate
demand for Texas & Pacific. The trad
Canadian Pacific. Illinois Central, Della
ware Sc Hudson, New York Central and
Wabash, seemed to have some founda-
ton Northwest was sensitive and de-
ee COTTON oil made 5ae special fur chsr
gain but, Colorado Fuel & Iron was dis
shares We're dealt in for the first time,
the preferred making a one point advance.
Speculation became rather irregular and
dwindled to the slimest proportions.
While inside support was not altogether
lacking it was clear that any attempts
in the direction of activity and higher
stock. The list held barely firm during
the early afternoon, though the reactions
were chiefly due to room trading. st.
Paul developed unusual strength in the
last hour, making maximum rise of 81
points, but proft-takfng and the failure
of the directors. to take action on the
eral selling. The remainder of the list
went off in sympathy and the closing,
while easy, was dull.
The Money Quotations.
Demand sterling was quoted at $4s6.s0
to $4.86.85. The rate for exchange harden
ed In Berlin and signs of recovery in
Paris exchange on London were lacking.
Call money worked as high as per cent
in the final hour, but most of the days
loans were made between Az and per
cent. The advance in demand loans was
probably due in a measure to the final
payment on Saturday Of $27 900. 900 for ac-
count of the recent bond increase in
Pennsylvania railroad. Arrangements to
meet this payment were perfected some
days ago, however, and it is more than
likely that the advance in call money
was largely influenced by the belief that
gold exports must come. The recent
loss of the banks to the subtreasury has
been more than made up and the local
institutions now show a gain of about
ported was that of the Union Pacific sys-
tenn, showing a new increase for Sep
TENDER of $243, 900.
The bond market continued very dull.
but prices were well maintained Total
sales, par value, SLIGO, 600. United States
IS coupon advanced 4 per cent on the
last call.