St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-08-22
IN BETTER HEALTH
STOCKS RECOVERING AND SPEC
ULATLON NOT LIMITED TO
PROFESSIONALS.
CROP NEWS WELL RECEIVED
SUGAR LEADS A SLIGHT But
SHoRT-LIVED REACTION
IN INDUSTRIALS.
CHANGERS IN STRONG DEMAND.
Chicago Gas Forced Down Two
Per Cent by Il Combined
Raid of Shorts.
IN STRONG DEMAND.

NEW YORK, Aug. 21-Speculation
On the stock exchange was charac-
terized by a healthier tone than for
some time past and there were evil
denceS that the professional traders
are to be no longer allowed to control
the market. Favorable news of the
crops was received this morning from
all over the grain growing country
and the good effect of these advices
was heightened by the lowering of the
rates OF sterling exchange, the hard
enlng tendency of which has been
one OF the most depressing influences
OF the share market. Prices of the
leading properties opened firm, but the
pears were on the alert, and under
cover OF an attack on Sugar, en-
oeaVored TO stem the rising tide.
Sugar broke H. per cent and a few
other lndustrials reacted fractionally,
including Tobacco, which lost q per
cent The railway list was well held.
and although London sold ST PAM
ana other OF the international stocks
the nome buying was good and a GEN
eral Improvement followed, III which
the railway list was most prominent.
A diversion was again created nv
the short interests, who this tins
made a raid on Chicago Gas, forcing
II down per cent and causing a. reac-
tlon generally, which did not exceed a
fraction except in Susuuehanna &
w estern preferred, which lost rs per
cent Before noon the market had re-
covered lis tone and during the hour
following was strong in tone, with the
SrahSers leading the upward move
Ineht ana touching the best figure of
the year, except Burlington. After !
o CLOCK the speculation became unset
tled ard prices moved irregularly
some reaiiZations being effected.
!,
pressed for sale and there was gem
eral depreciation in values, the mar
ket closing heavy in tone. Tobacco
sol SGld u up E1, from S6ls to sS7s. reacted to
- ., rallied to 9614, declined to 931a and
closed at 81. Manhattan was weak in
the early speculation and fell rs. but
after midday rallied 21a to lI6 and
closed at IliA. The closing prices are
IN the main high than last nights
4gQres, the principal changes being:
Lake Erie & Western preferred. 2ss:
90 common. l; Minneapolis & st. Louis
seconds, preferred, 15s Declines
saga "a PEI Per cent; Tobacco, ?; Chi
Jersey Central. IL, and Reading, TX
per cent. -
Bonds were irregular and active, the
sales aggregating S1,4S4, 900. Norfolk
& Western, New River lists. advanced
81 per cent; Houston & Texas Central
consols IS, 1$4; Ohio Southern lists, tx;
Baltimore & Ohio lists, Parkersburg
branch, Dallas & Waco IS and Oregon
Short Line IS, IA; do trust receipts, IL;
burlington debentures IS and Cordage
lists, l; and do trust receipts, ia per
cent Northern Pacific consols IS re-
acted 2l2 per cent: do trust receipts
and Oregon Improvement consols IS. 2.
and Reading lists incomes and New
Jersey Central consols of 1899, l per
The total sales of stocks today were
33S, 0S6 shares, including: American
Sugar, $500; American Tobacco, g.
200: Atchison. 5000; Burlington, IL. coo;
Chicago Gas, 26 700; Louisville q Ma sh--
$50; Missouri Pacific, $500; Susque-
hanna preferred, $500; Northwest,
3,4G0; Reading, 1890 Rock Island, Is
500: St Paul, 1880; Wheeling & Lake
Erie, 5000.