The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-07-22
NEW YORK MARKET STEADY EVEN
FOR THE USUALLY INACTIVE
SHARES.
SOME TOP PRICES SCORED.
GRANGER GROUP IN EXCELLENT
DEMAND ON THE GOOD CROP
PROSPECTS.
Four Per Cent for Twelve Indus
trials and Over Two Per Cent
for Twenty Railways.

NEW YORK, July 21.-The stock market
today generally was steady, not only for the
active shares, but also for shares usually
quiet and unobtrusive. One of the most
potent influences was a two-cent extreme rise
in wheat and export orders for oversa million
bushels. Other influences were the treas
ury's continued gain in gold, favorable crop
outlook and predictions of the tariff early be-
coming law. Predictions were not wanting
that this country would have a large credit
balance abroad next year, although there was
possibility of moderate gold exports seen.
Speculative and commission house orders
were the sustaining influences in the local
market while foreign bankers maintained
that recent London sales were really the
liquidation of purchases in London for New
York account. Top prices for the present
movement were recorded by Chicago Cas-
Rock Island, Brooklyn Rapid Transit, Lead
Chicago Great Western and Missouri, Kansas
& Texas preferred. Compared with month
back, twelve industrial stocks are quoted to-
day at an advance Of over per cent, while
twenty railroad stocks are up over 2b per
cent.
Sugar rose to 1852, receded to 1421b and
closed with net loss of X per cent. Chicago
Gas advanced on confident buying, in view
of the dividend expectations. Consolidated
Gas broke per cent part of which it sub
sequently recovered. The disturbing feature
seemingly, was fear that the consolidation of
other companies, If 1t materializes, will lead
to sharp competition.
The grangers were in particularly good de-
mand, notably Rock Island, which improved
on reports of immense crop results in Kansas
and Oklahoma. Crop prospects also strength
ened southwestern stocks, especially st.
Louis & Southwestern pfd. and Mis-
souri,, Kansas & Texas pfd. Hopes of
an early settlement of the soft coal strike
uplifted Tennessee Coal & Iron, although the
June report was for from favorable. Notable
gains of point or more follow: Canadian
Pacific, ~; Lead, 2; Brooklyn Rapid Transit
Brooklyn Union Gas, Chicago Gas. Rock ISL
and, Detroit Gas, Kansas Texas pfd.
st. Louis & Southwestern pfd., Oregon Navi-
cation pfd. and Wheeling and Lake Erie
pfd., while declines were noted in the
following: Hooking Valley pfd 5; Pitts
burg, Cincinnati, Chicago & st. Louis
pfd., per cent; Iowa Central pfd., 2; Oregon
Short line.
Business in railway and miscellaneous bonds
was in considerable volume at the marked
enhancement in values of some securities
The aggregate sales were $4,000, 900. Govern
ments were firm on light transactions The
sales were $1,000.
The total sales of stocks today were SOS.-
800 shares, including: Atchison pfd, 5,515;
Burlington, 14,420; M, X. & T., 10,O31; Rock
Island, 1880; st. Paul, 27,96S; Spirits, 6 977;
A.. Tobacco, 1850; Chicago Gas. 2S,25O; Lead,
1891; Sugar, 60,316.
The following were the fluctuations of the
leading railway and Industrial shares fur
nfshed by G. H. F. Smith & Co., members
New York stock exchange and Chicago board
of trade: