The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-08-14
WEAKNESS IN WHEAT MARKET
HAD ITS EFFECT ON
THEM.
ONLY INDUsTRIALS STRONG
CHANGERS AND COALERS MOST
PROMINENT IN ACTIVITY AND
WEAKNESS.
BIG SALES OF NORTHERN PACIFIC
Liquidation Causes n Reaction From
the Strength Recently Shown
Bonds Strong.

NEW YORK, Aug 13.-Quite a number of
factors combined today to exercise a rather
depressed influence on values on the stock
exchange. There also were other incidents
which were not calculated to have any effect
on intrinsic values, served to put damper
on the speculative ardor which has become
rampant in Wall street The tone Of weak
ness and hesitancy in the wheat market on
account of lower prices abroad and a dimin-
ished export demand were most keenly felt
in the stock market. The grain-carrying
roads, of course, showed most sympathy with
the wheat market as being most Immediately
affected.
The only aggressive strength displayed dur
ing the day was by some of the great in
dustrial stocks which have recently been
rather neglected, Sugar being the most nota-
BILE example. These succumbad with the rest
of the hist to the downward tendency before
the day was over.
No little effect was produced on the market
by the heaviness in Northern Pacific, which
has recently been prominent for strength. The
liquidation which set in this stock yesterday
upon the announcement of the new presidency
continued today. The coalers took quite a
prominent part in the downward movement of
the market The grangers, Burlington, st.
Paul and Chicago Great Western were most
active, showing sharp declines at one time
from the early high point of from 1as to
Us, the latter in Burlington. But subsequent
recovery left the net changes fractional. Union
Pacific, which continued quite active, receded
at one time 1as, but parity recovered. The
extreme decline reached near or over a
point in large number of active stocks, but
a net loss of point or over is shown only
in the following: Tobacco stocks, Brooklyn
Union Gas, Canada Southern, Canadian Pa
ciic, 21s; Lackawanna, 2; Delaware & Hud-
son, Louisville & Nashville, the Minnesota &
st. Louis stocks, N. j. Central, Susquehanna
& Western pfd, Northern Pacific pfd., P, c..
c. & St. L. pfd., 21a Spirits ptd. Oregon
Navigation pfd. and few other less prom-
nent stocks. Pacific Mail was strong, but re-
acted later A number of the obscure cheap
shares showed a net gain of point or over.
Northern pfd. rose per cent, Lnseed Oil
per cent and Consolidated Gas, D. & r. G.
pfd.. Illinois Steel and Mobile Ohio a
point or over
A fairly strong tone permeated the bond
speculation during the greater part of the
day, but in the late dealings the marked de-
preston in the stock market eXertedp an I'M
settling effect on the speculative issues gen.
orally. The aggregate sales were $2,S25, 600.
Governments displayed a sagging tendency
on moderate trading.
Total sales of stocks today were $50 $40,
including: Atchison, $3.50; Atchison pfd, 16, Col
Burlington, SO, $50; Illinois Central, $3.50; Mis-
souri, Pacific, 1875; Northern Pacific, 1875;
Union Pacific, 1920; American Tobacco, 10,
176; Chicago Gas, 1860; General Electric,
1920; Sugar 27,700 U. S. Leather, $780, W.
u, S,615; Chicago G. w, S4.419.
The following were the fluctuations of the
leading railway and industrial shares fur
New York stock exchange and Chicago board
of trade: