The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-09-18
AVERAGE UP AGAIN
STOCK PRICE LEVEL RAISED IN
AN IRREGULAR AND SPAS
MODIC WAY.
WENT THE WHOLE ROUND.
ENTIRE ACTIVE LIST
PROFITED.
WENT THE WHOLE ROUND.
NEW JERSEY CENTRAL ABOVE PAR
All of the COaIers in Active Demand
With Sharp Advances-Ex-
change Is Weak.

NEW YORK, Sept. 17.-Today's market was
strong, and the average level of prices was
considerably raised as a result of the days
trading. 1t was a noticeable fact however,
that the greatest activity was confined to
spots. The gains also were spasmodic in
character and it could not be said that there
was any simultaneous advance through the
whole list. During the periods while an in
dividual stock or group of stocks was being
advanced the general list showed DISPOSE
ton to fall into neglect and to halt in the
advance. 1t must be said, however, that
the spasms of activity today went the round
of pretty much the whole market The
grangers, the trunk lines, the Vanderbilts
and the Southwesterns, all of which have
recently been checked on realizing sales,
invited by previous sharp gains, showed re-
coveries today.
The most conspicuous feature Of the mar
ket was the lively demand for the coalers.
New Jersey Central was carried up an ex-
IRENE 3A to 101A crossing par for the first
time since Feb. of this year. The decline
which preceded the reduction of the divi-
dend dated from that time and eliminated
on May "a, when the stock touched 6SA
1t was one of the last stocks to feel the
impulse of the recovery Of prices. The
Reading stocks all advanced a point or
over during the day, but fell back sharply
just at the close. Lackawanna rose 2,
and Delaware & Hudson ~. There was
some stirring up Of the dead cats and dogs
on the list also and some sharp advances
were recorded in stocks so low in price
that it is only little way to go to double
it. The Southern railroads seemed to have
the incubus of the yellow fever scare lifted
and Louisville, Southern preferred and Mo-
bile Ohio all gained considerably over a
point The increase in gross earnings Of
Missouri Pacific of 900 for the second
week in September and for Wabash of S.
lis, turned attention to the Southwesterns,
and Missouri Pacific Atchison> preferred and
Wabash preferred all gained a point or
over net. The solution of the troubles Of
the soft coal industry which is being worked
out was reflected in sharp advances in To-
ledo & Ohio Central and Hooking Valley
preferred Union Pacific was another con-
spicuous figure in the trading, being heavily
bought by London and closing with net
gain Of nearly points
Manhattan, which sold today ex-dividend
of l per cent, recovered the dividend and
another point besides. The grangers were
less active than of late, but manifested
In the industrial list the Spirits stocks, which
have advanced much hess than others in
the current movements, showed sharp gains,
the preferred rising point. The other
leading industrials, including Sugar, Tobac-
CO, Leather preferred, Lead and Rubber,
showed a somewhat heavy tone, and closed
at small net changes, except Tobacco, which
lost over a point Western Union gained
over point, and the common and preferred
stock of P, c., c. & st. L. over points.
The exchange market was weak and dull,
especially that for continental exchange, and
of the local money rate will result in
prompt imports OF god. Other gains in
prices today were. Buffalo, Rochester &
Pittsburg, 2; do preferred, AZ; Evansville
& Terre Haute common and preferred, 2
points each; Lackawanna Western, ~;
do preferred, 2; Minnesota Iron, 1; Union
Pacific, Denver &, Gulf, l, and Baltimore
& Ohio, Southwestern preferred, l. Flint &
Pere Marquette preferred lost "a; Iowa
Central preferred, 212, and Wheeling & Lake
Erie preferred, l.
Todays market for railroad bonds was
less active and only steady. Total sales,
$2000,000. United States 5s coupons sold at
114A.
Total sales of stocks today were 6O1, 30S,
including: Atchson, %, 400; do preferred,
27,75o::o Chesapeake & Ohio, 2S,225; Burling-
ton 22,230; Delaware & Hudson. 1855; Louis
vile & Nashville, 1850; Manhattan, ex-
div $685. New Jersey Central, II, 500; New
York Central, 6,025; Northern Pacific, $50;
do preferred, 1920 Northwestern, 1925;
Rock Island, II, 420; st. Paul, 25,165; St.
preferred, S,SS5; Union Pacific, S2,93O; To-
bacco 11,79O; Bay State Gas, 1055O Chicago
Gas, $3.50; Sugar, 6, 430; Western Union, TO-
66S; Chicago Great Western, A820.
The following were the fluctuations of the
leading railway and industrial shares fur
New York stock exchange and Chicago board
of trade: