The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-07-17
CLOSE FOR THE ACTIVE LIST
STRONG AND AT NET FRAC-
TIONAL GAINS.
FACER FOR THE BEAR SIDE.
AFTERNOON DRIVE ON THE MAR
KET ONLY SENT PRICES TO
HIGHER LEVEL
INQUIRY FOR INVESTMENT SHARES.
Market, to an Extent, Robbed of Its
WOnted Professional Appearance
Bonds Aggressive.

NEW YORK July 16.-The stock market
which dropped a trife yesterday, was look
ing up bit today, active securities closing
strong and fractionally higher, while usually
somnolent low-priced stocks were aroused by
a fair demand. The meagerness of the deal
ings, however, indicate cautioness. Besides
reteratons of wheat prospects above the
average there was further evidence of diver
sifed foreign demand for our cereals de-
noting shortages abroad and rather con-
firming the supposition that the European
requirement for our wheat VIII be enormous,
promising remunerative prices for both crops
The unprecedented exports of merchandise
for the year ending June 80, set forth in
the government report hopeful sign, as
was the fact that the high prices current for
active railroad stocks is accompanied by but
little local Liquidation.
Prices tended upward in the early trading,
accompanied by some manipulation in certain
cheap specialties. The bears received a
facer when, during the afternoons dullness
they sought to precipitate selling Of the gen.
eral Est After brief reaction the market
steadied and about the best figures were
attained in the late trading. Some general
inquiry for investment securities deprived
the market of some of It's wonted profess
s,onal appearance Sugar failed 10 reflect IN
eas-ness at the circumstantial reports that
there was movement in the senate itself
favorable to the house schedule, the stock
vaccillating within a narrow range for so err
ratio a security. and closing at a fractional
advance. Louisville & Nashville rose 1h,
closing at the top, arbitrage houses selling
small amounts on the rise.
The advance of "a in Pttsburg, c., G. &
St l.. preferred and the fractional rise in
the new common was occasioned by the June
statement showing that the net profits had
! Increased $125203 over the same month of
last year. The rise Of AZ per cent in East
River Gas was accounted for, subsequent to
the markets closing, by an official circular
announcing the purpose of the Equitable and
East River Gas companies to unite, as fore
shadowed in these dispatches last night
Brooklyn Union Gas showed a sympathetic
! rise of point, while Consolidated Gas, the
only company not eligible to come into a
cCnsoEdation, lost a fraction. American
Spirits attracted attention by some activity.
and gained fractonalIy for the day.
trading in bonds was N large volume and
there was no abatement of the aggressive
strength that has marked recent trading
improvements in the more active lines were
restricted to fractional bounds, but advances
among the usually inactive securities ranged
up to 3 per cent with Peoria & Eastern ILL
nos nrsts leading The aggregate sales were
$2.l2G eco. Governments were quiet but de-
cidediy firm.
! The total sales of stocks today were 1856 557
shares shares, in e.: Atchison pfd 6466; Bur-
Rock Island, $780, American SPIRITS Did
$500; Chicago Gas, 8 $50, Oregon Improve
NC Mt, $3.50: Standard Rope and Irvine Is lis
me following were the fluctuations of the
leading railway and industrial shares fur
nlshed by Z. II. F. Smith & Co.. members
New York stock exchange and Chicago board
! of trade: