The Saint Paul globe., 1897-06-04
THE SUDDEN DEMISE OF A
MEMBER.
A SHARP ADVANCE EARLY.
ALL-ROUND RISE IN FULL SWING
WHEN THE INTERRUPTION
CAME.
HEAVY RUSH OF REALIZING SALES.
Prices Carried Down i'm the Late
Dealings to "a Close Net Frac-
tiOns Lower.

NEW YORK, June 3.-Prices on the stock
exchange were in full swing upward all along
the line today when Samuel L. Post an old
anc popular member of the stock exchange,
was seized with heart disease and expired al
most Immediately the floor. This visitation
OF death put an immediate stop to the trad
ing In stocks and it was not resumed for
nearly two hours. The volume of business
was, in consequence, largely curtaiied, many
active operators Withdrawing from the deal
fngs for the remainder of the day The con-
fdence of yesterday, with which all offer
1ngs were absorbed-even a large amount
or stocks which had been bought for London
account and were reso.d here-had its effect
In London today on the tone of the market
there for American securities. There was
active demand and advancing prices as long
as the trading continued in London and
after 1t ceased large purchases were made here
or faVorite stocks for London account The
London buying was the most potent factor in
the market and, supplemented by the SYM
pathetic strength radiated from some special
STOCKS, 1t sent prices upward to point ma
terially above last nights close in the great
majority Of stocks. But a rush Of realizing
sales In the closing transactions wiped out the
earlier gains in great many stocks and left
them fraction below last nights close and
at or near the low point touched in a realiz-
ing movement earlier in the day.
The selling to take profits, at the close,
started in Chicago Gas, which had been
most aggressively strong all day, rising in
the first hour to 81, the high point of the
present upward movement. A fall of over a
point at the close induced selling in other
stocks. Sugar also, which was the leader
OF the market with total of nearly 35. 900
shares sold, sagged q in the final dealings
and mad strong influence in causing the
hnal decline. There was manifest all day
rather nervous watchfulness on the part
OF professional traders to take the highest
profits, and several notable selling movements
occurred during the day with this in view
The early stump in the Rubber shares, on
account of the reduction of the semi-annual
dividend on the preferred stock from to
per cent, led to one of these movements Rub
Der preferred broke 64 at the opening
Stocks moved rather feverishly all day Rut
the buying for London account, the improved
business by the commission houses and the
strength IN the specialties all served to give
strong undertone to the market. The cover
ing movement in New Jersey Central was
also an element of strength. Therefore, while
the proft-taking caused net loss in a ma
Jority OF the stocks in the list, the decline
was small. The grangers continued in very
heavy request, Burlington coming next to
SoSoi III the ilSt, WITH several large buVino
orders executed in the stock. But this group
also fe-t the reaction and Rock Island leads
the net declines in the railways with a
loss of M. Tobacco was strong on special
causes Sugar advanced IA but lost half
0i tnat other net gains were: Canadian
racine. l; st. Louis San Francisco first pre-
lerreo, IA, on rumors of dividend and Chi.
csgo Gas and New Jersey Central fraction
western Union lost 11s in the closing deal
lngs on rumors of unfavorable intentions of
nj
contract with the God and Stock company
Rubber common lost IA net and Rubber pre
ferred SIS. p
The bond market displayed unusual an+ma-
ton, the sa.es aggregating s., ,13S, ,0O0 despite
the cessation or trading for two hours The
oeaIlngs embraced an extensive variety of
issues in which marked gains were generally
recorded, considerable amounts of the middle
grace and speculative issues were taken for
Iorelgn account and a revived investment de-
mand by domestic interests was noted for the
gi-t-edged mortgages. improvements of 1G2
per cent were in many of the leading prop
critics and there were but few exceptions to
the upward trend of values Governments
dlSp aged strength ard gained slight fractions
on purchases of $126.C00
The total sales of stocks todav were 1915 O71
shares, including: Tobacco 35OO Sugar
55'e0V; burlington, 27.700; Chicago Gas 25 500:
c. q O., 1900; L. S N. 49O0 Reading Is 900:
Rock Island. 6,1G0 st. Paul IA 400. W n
6iGo; ~ J. Central, $500; Southern pfd, S4O0
The following were fluctuations of tha
leading railway and ndustr a. shares fur
nished by c.. II. F. Smith & Co.. members
New York stock exchange and Chicago board
of trade