The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-08-26
CHANGERS DEPRESSED BY THE
CURRENT TALES OF DAMAGE
TO CROPS.
THE ACTIVE SHARES SHADED.
CASES OF NET GAINS AT THE CLOSE
WE'RE EXTREMELY
RARE.
DAYS TONE HEALTHY, HOWEVER.
Liquidation at No Time Heavy and
the Resistance at the Low
Point Firm.

NEW YORK, Aug 25.-The report of the
agricultural department at Washington of the
unfayorable condition of the corn crop and
OF impaired yield from the spring wheat crop
was Of too serious import to the grain car
rying roads not to have a marked effect on
stock values. There were various times dur
ing the day when a struggle made
against the prevalent impression, and when
prices seemed embarked upon upward
course, but the fact would recur that large
part of the long advance in the price of the
grangers has been predicted upon the
abundant grain crop which it was expected
was to be moved, and prices would turn
downwards again.
The cases where prices were above yester-
days closing, at any time during the day,
are exceptional and those where they re-
manned above at the close are still fewer.
The fact that settlement day on the London
exchange developed no short interest or COW
ering demand was to some extent disappoint-
ing to the bulls. The heaviness in all depart
ments of London exchange, growing out
of the evidence of serious disaffection on the
Northwest frontier of the Indian empire, ex-
ercised some sympathetic influence in the
local market. Commission house buying was
much reduced and there was a lull of the
activity on the part of the large moneyed in
terests which have been prominent in the
market recently. The sales fell to total of
little more than one-third Of that shown by
the dealings in some days of recent periods
of activity.
The extreme dullness at the decline indi-
Gated healthy tone of the market, the liqui-
dalton at no time being heavy and the re-
sistance at a given point being very firm
The market enjoyed an occasional rally under
the leadership of some individual stock which
inar H.
affecting it. Thus the publication of the state
ment of earnings of Missouri Pacific for the
third week August showing an increase
over the corresponding week of last year of
$105000, gave an upward impulse to that
stock and helped the whole market. The
stock rose over a point and closed with a
net gain of u. simultaneous rise in Sugar,
Tobacco Starch, and Bay State Gas, at an
other time, rallied the market. Late in the
afternoon buying developed in New York
Central reports of increased earnings. This
spread through the Vanderbilt group and car
ried prices generally to the best of the day.
New York Central led the rise with an adj
vance of IA and the net gain reached point;
Michigan Central was the exception in the
group and fell off IA. Northern Pacific pfd.
was a weight On the market, owing to its
poor showing of earnings.
The bond market showed less weakness
than stocks, prices being higher. Chesapeake
& Ohio, Atchison and Southern Pacific issues
led in the activity. Government bonds were
steady and slightly frmer. The total sales
were $2,275,000
Total sales of stocks today were 272. $50
shares, including: Atchison pfd., 1850; G.
& O., 5,775; Burlington, 24,5O0; L. & NJ, s.
$50; Missouri Pacific, 1880; N. ]. c., 3,010;
N. Y c., 14,715; do pfd., 5475; Northwest,
4275; Reading, $40; Rock Island, 141S5 St.
Paul $780,; U. P, $3.50; Tobacco, 5,673; Chi
cago Gas, 60S5; Lead, 4,5S5; Leather pfd., s.
f20; Western Union, 1870; Chicago Great
Western, $3.50.
The following were the fluctuations of the
leading railway and industrial shares fur
nished by c. H. F. Smith e Co., members
New York stock exchange and Chicago board