The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-09-04
THO STOCK THE CENTER OF SPEC
ULATIvE INTEREST IN NEW
YORK.
BUT ONE POINT BELOW PAR.
ARE SCORED BY THE
CHANGERS.
PRoF1T-rAk1NG SALES INITIATED
Days Close at a Net Advance, But
Below the Best-Bond Market
Active.

NEW YORK, Sept. 8. = Today's stock
market was more irregular than that of yes
terday. The notable advances were not so
palpably manipulation, and the concurrent
profit taking in other stocks was not on so
large a scale. The market throughout was
stronger, and the average level of prices
raised further than yesterday. There was a
decrease of activity in the Industrial stocks,
and the dealings in the standard railway
shares were largely suspended. Buying
through commission houses was confident
and on large scale. The volume of trans
actions in the Vanderbilt group which played
such conspicuous part in yesterdays mar
ket, showed a considerable falling off, but
they retained the sharp gains achieved yes
terday, and, in fact, Closed tonight higher
Northwest sold as high as yesterdays high
point but reacted.
The center of interest in the market was
shifted to st. Paul. which sold during the
day at SO. net advance of 3% and which
crossed Burlington during the day on enor-
nous transactions st. Paul was aided by
the statement of estimated gross earnings
for the fourth week In August. which
showed an increase over the correspond
ing week last year of $10S, $50. The rise was
stimulated also by the circulation of rumors,
without definite authority, that the dividend
rate would be increased. The statement of
burlington for July and Rock Island for
August were also helpful to st. Paul, along
with all the members of the granger group.
Unauthorized rumors had exaggerated the
gain to be shown by the Burlington state
ment and the stock in consequence failed
to benefit very materially from it, although
an increase was shown in gross earning re-
cepts Of $2S5, 70S and IN net of 500, 314 Rock
Islands increase in gross for the month of
August was $375,210 These incidents served
to put the grangers again in the lead of the
market, and their strength helped the whole
list.
The price of st. Paul invited profit TAX
ing not only in that stock, but all through
! the list, and, though a rally followed, clos
ing prices were not at the best. Sugar moved
up and down in a feverish and erratic man
ner over range of points, to a new high
record at 1872, and low as 1541h. The
grangers and many other stocks touched new
high levels for the year. Louisville & Nash
vile was exceptionally strong all day, and
gained points net Many other stocks that
have been under recent pressure of profit
taking moved up today. This was notably
true of the internationals, Union Pacific be
ing an exception on account Of reports that
the government would oppose the foreclos-
ure sale upon which is based the reorganiza-
ton plan. The stock lost fraction. Lon
| uoA PiiSSS lOI AiueTICduS were QlSQer, and
| London bought about 10000 shares here on
balance. Sharp gains were shown by To-
bacco Colorado Fuel, Consolidated Cas- Hook
ing Valley preferred, 2; Detroit Gas, Az
(! Great Northern preferred, 4; Illinois Central
Laclede Gas, Lake Erie & Western preferred
Lake Shore. Metropolitan, Minneapolis & st.
| Louis, New York, Chicago & ST. Louis first
preferred, Norfolk & Western preferred Ore
| gon Navigation preferred, Pennsylvania Rio
| Grande & Western preferred st. Joe & Grand
Island second preferred and the Rubber
| stocks. The aggregate sales of all stocks
appropriated 900 shares, and of these
| 100000 were of st. Paul and 5000 Burning
/ ton.
Bonds were active and higher; total sales,
/ So, 6O0,O 900. United States registered As sold
/ at 112A, new As coupon at 1875 and coupon
IS at 114A Total sales of stocks today were
ess s5s shares res, including: Atchison, 5000;
| do pfd, 1925; c. & o., $4,000; Burlington,
1920; Big Four, $500; D. & r. G. pfd, $500;
Erie pfd, 800; Illinois Central, 800; L. &
+ NJ, 81, 100; Minneapolis & st. Louis, 47OO
| Missouri Pacific, 1900; NJ. X. & T. pfd, 500
New York Central, 12,1OO; Northern Amer
lean Co., $50; Northern Pacific pfd, IL 100
Northwest, 10000; Ontario Western, 1890
! Reading, 10,620; Rock Island, %, 22O; St Paul
! 153 coo; st. Paul & Omaha, 10900 Southern
i pfd, IS ,925; Cotton Oil, 1900; Tobacco 49, 200
| Bay State Gas, 1850; Chicago Cas- 1890
/ General Electric, 6,400; Lead, 3,4OO: Pacific
! Mail, 1880; Pullman, $500; Sugar 5000
Leather pfd, 1920; Rubber, 800; Western
Union 30,920; Chicago Great Western IL, 200
| rne following were the fluctuations of the
leading railway and industrial shares fur
New York stock exchange and Chicago board
| nj rad