The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-08-13
STOCKS LIVELY, TOO
VOLUME OF TRADE FOR THE DAY
CAME NEAR THE HIGH
WATER MARK.
RAMPANT BULL MARKET.
STOCKS LONG FORGOTTEN COMING
IN FOR A LARGE SHARE OF
ATTENTION.
GRAIN CARRIERS WE'RE STRONG.
Excitement in the Wheat Market
Having Its EHect-N. p. Makes
jump.

NEW YORK, Aug. 1.-THE volume Of trad
ing on the stock exchange came near the
high-water mark of last Monday, transactions
footing up 900 shares, compared with
1853 600 shares on Monday. 1t was rampant
bull market all through, and the most strik-
ing feature Of 1t the assured touch with
which a number of the long-buried, forgotten
stocks were brought out to the light of day
and very noticeable degree of animation in
stalled into them. The opening showed the
lively speculation in Union Pacific still IN
abated with no special news to account for
it. The price jumped to 143s, compared
with last nights close at II, in the first few
minutes of trading, but did not hold at the
high point owing to the very lively selling
for London account Sales were nearly $4,000
shares and were only slightly exceeded by
those of Sugar. The excitement in the wheat
market accompanying the continued rise in
wheat was still the predominant factor in the
stock market and helped to carry up most Of
the grain-carrying roads a point or over. Chi
cago Great Western was an exception and
Jagged all day, receding quite sharply on
profit taking.
Northern Pacific preferred, also, after a
substantial gain, scored sharp loss at the
close on the announcement of the changes
in executive officers and the emphatic state
ment accompanying it that the road would
continue to be operated as an Independent
property. There were heavy realizing sales
all day in a great many stocks and such
sales were the decisive influence in a heavy
close. There was a renewal Of activity in
the high priced industrials, notably Sugar,
Tobacco and Chicago Gas. The stocks made
sharp rises at one time during the day, Sugar
touching a new high-price record at 1855,
but all suffered keenly from reaction and
were adverse influence in the market.
Statements Of railway earnings continued fav-
orabe, notably Louisville & Nashville, which
showed increase in earnings for the first
week in August of SCI, SIS, Chesapeake & Ohio
with an increase of S42, 235 and Southern with
an increase OF $50, 449. Illinois Central de-
clined points.
Transactions in bonds embraced an unusual
variety OF issues, with the upward movement
which has so long dominated the speculation
unjmpeded. The purchases for continental
account were very large and included the
leading investment and speculative issues.
Gains of a point so numerous, with
The aggregate sales were 81, 600, 900. Govern
ments held firm purchases of 81 900.
Total sales of stocks were 1852, 800 shares,
including: AtchiSOn, $500; Atcnison preferred,
$3.50; Burlington, 30,920; Illinois Central,
2.790; Missouri Pacific, 6,3S5; North American,
cifc preferred, 80 240; Northwest, 3,120; st.
Paul, $500; Union Pacific, 1920; American
Spirits. 1885, American Tobacco, r. $50; Chi
cago Gas, 22.4S0; General Electric, 1850;
Sugar, 62O20; L. S. Leather 1900; w. u,
1850; Chicago Great Western. $3.50.
The following were the fluctuations of the
leading railway and industrial shares fur
nished by c. II. F. Smith & Co., members
New York stock exchange and Chicago board
of trade.