The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-08-03
sse7h THEr7sTOCKa aMARKdsT. sla .ssl
The Week Closes With Marks of
ast1aR General Depression. 1c.4l Il Il .lls-

NEW YORk,. Aug -L--iIoday STOCK market
was dull and professional the Only stock
that reached even comparative activity being
Sugar. That stock also displayed the widest
fuctuation. Early London prices came
slightly above yesterdays local closing, and
London was also a moderate buyer of Louis
will & Nashville and St. Paul in the market.
The only developments that could be con-
+ sideFed- to exert legitimate influence upon
prices were reports of a spread in the area
| OF rate-eutting dn~ the Southwest and the
bank statement. The last mentioned exhibit
was unfavorably regarded by the room trad
ers, it being claimed to show evidence of
boarding of, money! Well informed bankers
declared that the contention was not justi-
fed. The opening prices were generally
higher on purchases for both accounts. Chi
cago Gas rose ~ at the outset, but the
other gains did not reach a full figure. The
market soon became irregular, -, and finally,
on realization and liquidation in the low
priced shaEesar prices Eeeeded, 4allI alongI the
line. The downward movement was acceler-
ated nhy Jeff Jennings efuheavy blocks of Sugar.
depressing its price 21s from the early high
point Chicago Gas scored an equal extreme
loss. Burlington and Manhattan dropped
HI; New Jersey Central, IN; Louisville G
per cent each.lolThe5 closing was at the Iowa
est points at general fractional losses. Condi-
tions affecting the values Of stock exchange
securities have not materially changed during
the week. The street still attaches peculiar
interest to the tone of the limited market
for American securities, in, London, and at
least upon one occasion the prices at that
manipulated on orders from this side.
Considerable stress was laid upon the
failure to float the New York city and Brook
lyn bonds and the increasing irmness of the
money market The accommodations ruled
high and the reactfonary tendency Of gen.
eral trade was reflected in higher rates for
commercial paper and a lessened inquiry
The treasury situation received less attention
owing to clearer appreciation of the mag
nitude of the preparations made by capital
lists to maintain the financial equilibrium
Manhattan was hammered on reiterated I'M
favorable rumors regarding the forthcoming
Quarterly statement and the dividend pros.
poets. Liquidation was on an extensive
scale in some of the low priced stocks and
free offerings Of other speculative bonds by
London was a feature. The losses at the
low level ranged from 8 to g per. cent in the
general list, with the heaviest concessions
in the high priced stocks. The bond market
ruled dull but generally higher. The fea-
ture of the week was continued foreign sell
ling and decided heaviness in the high pric-
ed issues. The sales were 81, 031, l90a The
more noteworthy declines extended to per
cent In St Paul and H. & D. sevens. Kan
sas Pacific consols dropped 6M to 60, but
rallied to 65. Ohio Southern frsts. sold. off
tx per cent to 701s and closed at 70.
aGoyernment bonds were. shade - lover
early in the week, but stiffened to about
last weeks closing: The sales were s240, $40.
Silver certificates were dull and irregular,
1S7 GOO ~ T''T to-
The following were. the fluctuations In the
leading railway and Industrial stocks yester-
day: