The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-09-05
SHARE list STRONG
SUGAR SET THE PACE FOR.
BUOYANT DAY I'm NEW
YORK.
PROFESSIONAL IN FLAVOR.
THE VOLUME OF BUSINESS, HOW
EVER, WAS FAIR AND WELL
DISTRIBUTED.
RAILWAY BONDS IN GOOD DEMAND.
Improvement Held by Traders to
FOreshadOw Strength for the
Better Glass of Stocks.
RAILWAY BONDS IN GOOD DEMAND

NEW YORK, Sept. 4.-The stock market
To-Day was uniformly strong on a moderate
volume or business, well distributed, Sugar
LED the list in point Of activity and gave
tone to the general speculation. London was
also considerable factor turning to the bull
side, after its recent persistent selling The
operations from this quarter, as we'll as the
domestic dealings, had, however. strong
professional flavor An encouraging develop
ment was increasing activity and pronounced
strength in the railway bond market on in
vestment purchases. The improvement in
this department is hailed with great salts
faction, being held by the traders to fore
shadow continued strength In the better
class OF stocks. The speculation Is still held
In check, however, by the closeness of the
time money market. Further arrivals of gold
from Europe were reported, bringing the
total amount received since the movement
was inaugurated up to $500, 600. or the
$S075,000 received today, 81, $50 900 in coin was
deposited at the subtreasuly in exchange for
legal tenders; $500, 900 In gold bars was placed
in the assay Office and the balance was de-
posted in various banks The market ap-
peared to move upward in a fairly buoyant
fashion, despite the continued publication Of
olscouraging traffic reports, business disast-
ers and the apparent contest between the
railroads in various parts of the country. and
particularly the South and Southwest. to see
how much money can be thrown away in
competition. The opening was strong and
fractionally higher on the improvement in
London quotations and covering Of shorts
for that account and for local dealers. The
internationals and grangers were in chief
request in the initial trading, with Sugar
and Manhattan contributing measureably to
the dealings.
AS the forenoon progressed the bull move
ment assumed greater proportions and ex-
tended to number of the low-priced shares
and the specialties. The coalers displayed
continued aggressive strength on moderate
transactions. Eventually, the highest prices
In the present movement were recorded in
number Of instances, covering of shorts
being noted on an extensive scale. At the
nigh point offerings appeared and realizations
TOT local account also occurred, but were
onset by an easier tendency in exchange and
in call money rates. Around delivery hour
further fractional concessions occurred, but
In the late dealings renewed strength was
displayed. The extreme gains ranged from
to per cent. The market closed strong at
more recent concessions from the best figures
of the day. Railway and miscellaneous bonds
were strong and active, with a number of
the usually inactive issues figuring in the
dealings. The gains were material in most
cases and ranged from / to per cent. The
total sales Of stocks today were 238, 1872 shares,
including the following: Sugar, $4,000; Bur-
lington, "a, 800; Chicago Gas, $500; General
Electric, $500; Louisville & Nashville 81 600;
Manhattan, $500; Northwestern. 5000; Read
ing, i, 800; Rock Island, So, 300; st. Paul.
81, 400; Tennessee Coal and & Iron, 1890;
Western Union, $500.