St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-08-23
OPERATIONS FIRM.
STOCKS GATHERING STRENGTH.
WITH HEAVY DEALINGS IN
SPECIALTIEs.
SUGARS MARKED DECLINE.
LOSSES IN INDETSTREAE4S ARE
CHECKED AND TRADING is
WELL DISTRIBUTED.
STERLIYG EXCHANGE EASIER.
Eeud Heavy and Tobacco as Er-
ratic as Ever-Bond Market
Active
BTERLEYG EXCHANGE EASIER.

NEW YORK, Aug. e2.-Except for q
brief period of depression in the open
ing trading and some slight reactions
in the last hour, the general market
was strong today. At the opening
there was a renewal of yesterdays
selling Of the international specialties,
principally of St. Paul, but this stock,
as well as the other SrangerS and the
entire railway list, was we'll supported
by the home traders and the only ma
tefial declines were in the industrial
group, Sugar being the CHIEF sufferer
with break of Ia per cent. tnfaVor~
able trade conditions We're the causes
which led to the decline in Sugar, in
duclng heavy selling movement, for
some of which the bears were re-
Sp0nSlDie, but there We're also liberal
Hquidations. Buying Of the grangers
checked the decline before the end Of
the first quarter of an hour and the
business was gradually distributed,
bringing about an advancing tendency
which gained force as the day az
Vanced and which reached it's height
before delivery hour.
The continued ease of the sterling
exchange market, the absence of bills
drawn against prospective gold ship
mentS, and the fact that there were
no engagements of the yellow metal
for shipment to Europe by Saturdays
steamer, We're the factors in the ape
principal gains were Lake Erie &
Western pfd, AS; Lake Erie 81 Wesr-
ern common, ~; Sugar, 32s; Chicago
Gas, 28s; Rubber, rs; Leather pfd, ~:
Northwest, rs; Distilling and Minne-
apolis & st. Louis, ~, Minneapolis &
St. Louis pfd, IL, and Colorado Fuel,
l per cent. In the later trading realiz-
ing sales caused small reactions in part
of the list, which were mainly recov~
cred except in the case of Lake Erie
e, nf1 inh al
cent below the high figure Of the day,
but 3$s higher than last nights closing;
price.
The Lead shares were heavy and
mon and 21s for the preferred sales
thereof being induced by the failure
OF the directors of the company at
their meeting today to advance the,
pected they would. Tobacco moved
in it's accustomed cratic course re-
cedinS Il per cent to S315 and advanc.
ing to So, reacting to 991a, selling up to
9612, and closing at 957s. During the
last hour there was selling of National
Linseed and Cotton Oil, which fell off
~ and Us per cent respectively. New
England lost 21s per cent on the days
transactions, and Chicago & Eastern
Illinois pfd, l per cent. The general
at advances on yesterdays final
figures.
Bonds We're active and firm. Hous-
ton & Texas Central debenture 6s rose
8 per cent; Oregon Short Line consoi
5s, 2$l; Oregon Short Line trust re-
ceipts, l; Galveston, Harrisburg & San
Antonio lists, 2; st. Paul, c. e NJ 5s,
13s; International and Great Northern
DDS, IL, and Missouri, Kansas & East
ern lists, l per cent. The sales were
$1.7SS, eco.
The total sales of stocks today were
26l,745, including: American Sugar, So
200; Tobacco. LOO; Atchison, 4.400;
Burlington, 4,5G0; Chesap eake & Ohio.
Cattle Feeding Co, $500: Lake Erie
& Western, 1905; Missouri Pacific 1850;
Reading, 1850; Rock Island, 14,O0O; St.
Paul, &c, 100.