The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-08-27
NO RUSH TO SELL
STOCKS FIRMLY HELD IN THE
FACE OF A LIGHT DE-
MAND.
NET GAINS VERY GENERAL.
PRICES BID SHARPLY UP AT THE
OPENING ON MODERATE
BUYING
AFRAID TO VENTURE MUCH.
Until Crop Conditions Are More
Settled Stock Speculation Will
Not BE Heavy.

NEW YORK. Aug. 26.-The striking fact
about todays market for stocks was the alb
sence of any large offerings to sell. The
sharp rise of prices at the opening of the
market was on a very moderate volume Of
purchases. The buying demand fell off al
most immediate. but prices receeded very
slightly and held firmly in the face of an
almost stagnant demand. The big buyers
were practically out of the market and even
the small demand showed few stocks forth
coming SO that prices moved easily in either
direction. Even with the condition so in
wiling to manipulation the market was ap-
parently neglected. The total of Sales 220, 900
shares, is the low record for several months
past. Much more animation was manifested
in the bond market and prices there were
strong, exercising notable influence on stocks.
The quietness which has fallen upon the
stock market is due to a somewhat unset
tied conviction as to the safety and final
dimensions of the corn crop. The mercurial
condition of the grain markets has aroused
a condition of doubt in the minds of stock
traders and they are waiting for more fixed
conditions before putting further money on
large scale into stocks. The strength of
individual stocks helped to sustain the mar
ket. which was, in that respect, almost
repetition of yesterdays. Missouri Pacific
was strong and sold at the opening IL above
last nights close. The stock was in good
demand all day and closed with a net gain
of Is. The Vanderbilts continued in good
demand and radiated strength through the
market. Chesapeake & Ohio was most large
ly dealt in on reports, and led the list, with
sales of $4,000 shares. c., c. & St. Louis pfd
was bid up to Is against rs the last previous
sale.
During the latter part of the day Sugar was
remarkably steady at over point above last
nights close. The buying at the close, which
was most prominent in the grangers, carried
the market to the highest level of the day
ROCK Island led, with net gain of ~ per
cent London buying was quite a prominent
factor in view of the small volume of trading.
The sales for the day for London account
were estimated at $4,000 shares. Only the
three leading grangers, Chesapeake & Ohio
extent of 10000 shares. Net gains of sharp
fraction were general all through the list at
the close and extended to 213 in the case Of
norfolk q Western pfd, to in Laclede Gas
tan traction lost 2; Lake Erie & Western
point and Manhattan, Tobacco, Canadian Pa
c1hc, Colorado Fuel, Consolidated Cas- Gen.
erai Electric and Northern Pacific, fraction.
~, me railroad bond market was active for
the speculative issues at higher prices. Gov
eminent bonds sold a fraction higher The
total sales of bonds were $2210,00O
Total sales of stock today were 211, ITO
s 81 ares including Atehhlson 10 $50; G. & O..
l.. 81, 1856; Missouri Pacific, $3.50; New York
Central, II, OBS; do pfd, 3,415; Reading 445O;
ROCK od Island, 10, $40 St. Paul 1867; Tobacco,
S' 2; Bay State Gas, 1850; Chicago Gas,
eago Great Western, 9,115
The following were the fluctuations of the
Leading railway and Industrial shares fur
nished by c. H. F. Smith Co., members
New York stock exchange and Chicago board