The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-08-28
UPWARD TENDENCY OF PRICES
PRACTICALLY UNBROKEN
BY REACTIONS.
INACTIVE SHARES SOUGHT.
EVEN SOME OF THE ALMOST DIS.
CARDED ISSUES MOVED AT
ADVANCES.
THE GAINS BASED ON CONFIDENCE
Granger Group Up on the Break In
Wheat-COaIers the Exception,
- and Declined.

NEW YORK, Aug. N.-Today's market was
strong throughout and the upward tendency
of prices was practically uninterrupted by
reactions Anything like a recession In the
bids for stocks ELECTED no offerings and led
to a lull in the activity, which gave place
to renewed buying and a higher level of
prices. Many inactive stocks were sought out
and moved In the market, all at notable gains.
The movement even touched some of the ex-
tremely low7priced, almost discarded, issues
The strength of the market was apparently
based on a renewal of full confidence in the
improving tendency of general business
Some of the railroads are making records
and all are showing increased earnings. Fuller
reports of some Western grain carrying roads
show that the total improvement in their
business Is due in large part rather to the
movement of general merchandise westward
than to the movement of grain eastward, and
this is taken improvement in general
business
The continued ease in the money market
in view Of these evidences of awakening in
dustrial activity, causes surprise, but cheap
money is an incentive to speculation. The
break in grain was regarded in the stock
market proving the safety and abundance
of the grain crops, and melted special ac-
tivity in the granger shares. Rock Island
points net during the day. Burlington gained
over a point and st. Paul a point. Chicago
Great Western Jagged and fell off a fraction.
The coalers were the exception to the buoy
ancy in the list and declined g. fraction.
Missouri Pacific was active and aggressively
strong all day and gained ~ net. Southern
preferred also was prominent, with an adj
vance of 1%. Pennsylvania was dealt in on
the exchange for the first time in a long
time. Colorado Fuel and Tennessee Coal rose
over a point during the day. OF the inactive
list, c., c., c. G st. L. preferred sold at six
points over yesterdays bid price. The COM
mon stock also advanced a point. Baltimore
& Ohio gained III, Laclede Gas showed net
gain of 234, Metropolitan rs, Manhattan TX,
National Starch second preferred g. Stocks
of local gas companies were all strong on
talk of consolidation. Ontario & Western was
active and gained *. Northwest preferred
was conspicuous for loss of 2 points, just
at the close.
The bond market was very active and gen.
orally higher. Total sales, So, 772, 900. Govern
ment tours were Il and fves 5s higher
Total sales of stocks today were $751;
shares, including: Atchison, 3,27O; c. & O.,
20,21O; Burlington, 16,645; L. & N, 10,430;
Manhattan, 300; Missouri Pacific, 1918; N.
Y, c. & st. l.. second preferred $50; North
ern Pacific preferred, $3.50; Ontario & West
ern, 4,19O; Reading, $685.; Rock Island, 2S,475;
ST. Paul, 81, $50; Wabash preferred, $500; Bay
State Gas, 1920; Chicago Gas, 3,640; Colorado
Fuel & Iron, 3,120; General Electric, 3,940;
Laclede Gas, $3.50; Sugar, BIAS; T. G. & l.,
10, 700; Western Union, 1920; Chicago Great
Western, II, 465.
The following were the fluctuations of the
leading railway and industrial shares fur
nished by G. H.. F. Smith & Co., members
New York stock exchange and Chicago board