St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-26
FINANCIAL.
New York.

NEW YORK, Aug. 25-The stock market
again was active and strong to-day The
same stubborn strength, with moderate de-
gree OF activity among the leading stocks.
was shown. and, while the most Improvement
outside of few shares which received spe-
cial support is small the advance reached all
portions OF the list Notwithstanding the
realizations on the strong stocks of yester-
day. The idea of further reaction in the
market seems to have been given up for the
present. and only serious damage to the
crops, which every day grows more and more
unlikely to happen, or serious strngeney
in money. which may be in the future. but no
apprehension of which disturbs holders
OF securities at present. The Euro
pean shorts are said by those IN a
position to know to be covering
their shorts and there was undoubtedly
heavy buying for foreign account in the early
trading this morning, helping materially to
make the srong opening and further ad-
vances Of the forenoon.
The buyers of Northern Pacific preferred,
Rock Island and some other stocks yesterday
were inclined to realize on the profits ae-
crued but even these stocks afterward felt
the stimulus of the continued steady demand
for stocks which has grown up in the last
week, and has been the great factor in pre-
venting any material reaction, even when
the street was almost unanimously asking
for it. For the last two days there has been
less of the professional look about the
dealings than usual for long time
and the buying is considered ex-
cellent. while many of the sold-out
bulls who were looking and working for re-
action last week have concluded 10 get
aboard with the higher level and float with
the tide. The opening gains this morning
extended to IS per cent, and while in the sub
secuent dealings st. Paul and Atchison were
rather unduly prominent in the trading, they
did not make any material advance more
than the rest of the list until late IN the day
when the latter spurted upward notWith-
standing rumor OF heavy Hoatlng DEBT
The grangers, in fact, were given rather
secondary position in the market as far as
strength is concerned, and their place was
taken by the trunk line stock among which
the Vanderbllts were. OF course, most prom
inent
A great deal of the buying in these stocks
was credited to foreign operators, and the
fact that they have been reached in the up
ward movement gave renewed confidence TO
the buying as giving a more substantial ap-
pearance to the speculation. There were
several marked advances among the inactive
shares, and the gains in the Rio Grande
Western stocks, the Chesapeake & Ohios and
Great Northern preferred were specially
prominent. The advance continued almost
without interruption throughout the day. al
though there was no sharp upward move
ment and no lack of effort to prevent II. Inc
only reaction of note occurred IN the last
hour, but the market at the close was again
active and strong at the highest prices OF the
Jay. Inc uSl Is dlLuOSI lHfdllaDil AlSHS.,
and Lackawanna and c.. c., G. & st. Louis
are up 1S4 each; Canada Southern and Ten
nessee Coal each 1I9; Lake Shore 2 per cent;
Louisville & Nashville and Burlington each
IL and Atchison per cent.
The activity in railroad bonds was again
most marked, and the transactions OF the
day footed up S., Ash Co., of which the Atchi-
son incomes contributed S424000 the Fours
$4,000, and the Texas Pacific seconds $3.50
00O The market was decidedly strong, and,
while the important gains are few, the Whole
list is materially higher tonight. All the