The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-06-25
STOCKS Up A NOTCH
AN AVERAGE ADVANCE IN SHARE
PRICES ON THE NEW YORK
BOARD.
NORTHWEST WAS AGGRESSIVE.
WHOLE GRANGER GROUP POTENT
INFLUENCE IN ADVANCING
THE MARKET.
DAYS MOVEMENT NOT UNIVERSAL.
In Some of the COaIers, Southwest
erns and internationally, Net
Losses Were Scored.
NORTHWEST WAS AGGRESSIVE.
DAYS MOVEMENT NOT UNIVERSAL.

NEW YORK. June 24.-The prices of stocks
made further average advance today, put
ting the top level in the current bull move
ment one notch higher. The advance, how
ever, was not universal, and some prices
are lower, the anthracite coal group losing
something of it's strong advance of yesterday.
The international shares, some Of them, dis
played the sympathetic effect of lower prices
in London, and of selling here for London
account and gained in price. There were
times during the day when prices gen.
orally below last nights close, and there
were evidences of heavy realizing in some
stocks The volume of the dealings was
smaller by over 40 900 shares than yesterday,
but was better distributed, though the gran
gers, Chicago Gas, Bay State Gas and Sugar
absorbed about three ifths of the total deal
ings.
An aggressive advance of Northwestern,
which was resumed after a days halt, car
ried that stock up 2% points to 117A, and
was a sustaining influence In the whole
market. The grangers also maintained their
strong upward tendency and their potent
influence in the market, under heavy dealings,
and in spite Of some alarmist reports of
damage to crops. The belief in good crop
prospects which advanced the price of this
group was an influence on nearly every rail-
are dealt in the exchange, St. PauPs
third week statement showing an increasing
in gross earnings of over $22, 900 was an en-
couraging factor. This roads earnings have
been greater each week in the present month
than in the corresponding week of any year
since 1892. The forecast of May statements
OF the grangers gives suggestion Of a favor
able showing, and has helped the advance.
Some movement of currency of small de-
nomination to interior points is reported of
small proportions as yet, but it is looked upon
as indicating a revival of business activity.
The strength of the market is almost en-
tirely due to confidence in the general out
look, but number of individual stocks
were strong on account of special causes as
Tobacco, Bay State Gas, Rubber preferred
and Leather preferred. Sugar was some
what erratic, remaining somewhat below
yesterdays close on final transactions. Small
losses are shown in some of the low priced
Southwesterns number of the less prom
inent Vanderbilt stocks, and in some other
special cases, but these only extend to
point in the case of Erie first preferred and
East River Gas. the latter ~ Otherwise
gains We're general. In the grangers out
side of Northwestern Rock Island led with
a gain of rs. Consolidated Gas rose a point
and Minnesota Iron. Rubber preferred and
Starch first preferred, each.
Continued Improvement is noted in values
OF railway and miscellaneous mortgages
with considerable trading noted in issues of
reorganized companies The recognized
active securities moved narrowly, but pariici-
pated in the general strength which was
most material in the less known properties
Peoria. Decatur & Evansville firsts advanced
51a to 49, and Rio Grande Western firsts 4
Ito. 81. The aggregate sales were ST. GIL 0O0
governments were in moderate demand and
improved slightly on purchases of $37, 900.
The total sales of stocks today were 2lS, 756
shares, including: Tobacco, 800; Sugar, 49,
500; burlington, q, 500; l.. & NJ. s. 100; North
ern Pacific, 1900; North American, 500;
Omaha preferred, 10100; Rock Island, IA 400
st. Paul. 21,100; Western Union, $500.
The following were the fluctuations of the
leading railway and industrial shares fur
nished by c. H. F. Smith C Co.. members
New York stock exchange and Chicago board
of trade: