St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-18
FINANCIAL.
New York.

NEW YORK. Aug 1.-THE stock market
to-day was especially during the forenoon,
unusually active, a volume OF business Deln2
transacted which has not been equaled IN
months while most decidedly strong tone
marked the dealings and higher prices were
attained than for many day lhere was
manipulation of the market for both sldes OF
the account but the bears were not so pow
erful as of late, and their aggreSSlVeneSS was
much reduced. and their operations seemed
to be more with an object TO provide against
loss than to make any money out OF the mar
ket
One of the most encouraging signs TO the
bulls was the presence OF OUTSIDE sDecuIaI-
ors i'll the street who have been conspicuous
by their absence for a long time. and the pur-
chasas by commission people for their Gus
toners were larger than at any previous tine
this yesr. The bulls who bought last week
were liberal realiZers on the advance, but the
new buving was of such magnitude that 1t
not only sustained the market against these
sales but steadily advanced prices, ana the
larger bull combinations. Of which IL is
known there are now several. gave no sign
of a desire TO lidudate at this early stage or
the game Such considerations as the mon
Pacific embroglio had no weight whatever,
and attention was given only TO the very nat
tering prospects of the industrial and aSrl-
cultural situation.
which NAV have the effect of checking the
export movement. and so delaying, II not en-
tirely postponing, the return flow of gold,
was Of little influence and the upward move
ment in prices continued almost unluter-
rupted while after the heavy opening al
vances. there were few specially sharp gains.
Atchison was given the greater prominence
in the dealings but the business was very
well distributed among the leading active
shares and the gains as a rule, were quite
uniform. though few stocks. sIeh as Union
Pacific Missouri Pacific and Chicago Gas
were sluggish and failed TO keep pace Win
the remainder. The news of the DAY
was most favorable and oft he same general
tenor as that we have received for the last
week both from domestic sources and from
abroad London came higher this morning.
and London buying orders were IN the
market which. with the usual demand from
the commission people, caused decldedly
strong opening. first sales being made at
from Il to 81 per cent. advance on Saturdays
final figures. The trading i'll the main pre-
scented few special features. everything
sharing in the general strength, and the last
prices were generally the best or the DAY.
The market closed active and strong at or
near the highest figures.
Railroad bonds for the first time this year
were positively active and strong. Whlle the
market broadened out materially. and most
decided gains were made in the active is
sues. The business of the day was Sl,9o5.-
O00 The advances of note include Atlantic
& Pacific fours. pa 10 1888, the incomes gig;
Rochester q Pittsburg consols, 2l2; chicago
g. Erie Incomes, , per cent; Kansas & Texas
seconds, 2; Northern Pacific tives. :; Peoria
& Eastern tours. zig; Union Pacific, Denver
& Gulf fiyes, ,, and Oregon Short Line con-
solidated hves 3. while Missouri Pacific Col
lateral Trust fves lost 2S4. Government and
state bonds have been dull and steady.