The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-07-28
COALSHARES HIGHER
ASIDE FROM THEM SLIGHT LOSSES
WE'RE GENERAL IN THE
MARKET.
MANY STOP Eoss ORDERS.
PRoFEssIoNAp! TRADERS HAMMER
ED THE CHANGERS, BUT POOL
BUYING RALLIED THEM.
MARKET EXTREMELY IRREGULAR
Greatest Losses Suffered by the IN
dustriaIs With Sugar the Most
Conspicuous Victim.

NEW YORK, July 27.-The anthracite shares
advanced considerably on buying by interests
always Identified in the movements or coal
STOCKS. otherwise the market sustained slight
losses and closed steady. London purchased
some $4,000 shares, while the bulk of the trad
ing Tor the home account was of sales Local
spectators liquidated considerably today, but
commission house purchases about equal1zed
the sales, rendering the market extremely ir-
regular The liquidation in the Industrial
stocks rather unsettled the list. The gilt
edged securities declined considerably. Pro-
fessional traders hammered the grangers, but
pool buying subsequently caused a practical
~ complete rally. Although the days ad-
vices rejected good condition for all the
crops the bears argued the weather was I'M
favorable for good growing corn. large
portion of the reactions of the day was due
to the uncovering of stop loss orders. This
was notably so in Sugar, which broke sharp
ly Az per cent from teh opening to 1852
ana closed with a net loss of 35s per cent
the STOCK showing no evidence of its agrees
sive support. Tobacco moved up to IS and
on liquidation receded to S1A, but sharing in
the late rally the price was carried up to
s29s. Chicago Gas reacted 2%, rallied point
ana other 1ndustrials generally receded 1 to
~ points. The Rubber stocks were an ex-
ceptlon to the general industrial weakness
The common rose 2N and the preferred T.
among the leading railways Louisville, on
foreign purchases, was conspicuous for a gain
OF fraction. Changes in the usually neg
lected stocks were quite violent, Chicago &
Alton rising to 1877, against $50 on the last
transaction. The pronounced strength of
wheat and exceeding weakness of silver were
incidents of the day. The more important
advances of the day were Delaware C Hud-
son, "a New Jersey Central, @; Susquehanna
q Western pfd, 1; Reading first pfd, 49, all
being anthracite coal roads.
The bond market displayed generally good
tone, although some light recessions were
made in few of the leading issues. The
inquiry for middle grade liens was quite pro-
nounced with some mortgages being benefited
by special consideration. The aggregate sales
were $2,360,000. Government bonds were In
demand with the new As coupon rising to 1851
the best price ever noted. The transactions
were $4,000.
The total sales Of stocks today were 1913 450
snares Including Atohison pfd, II. 1876: Bur
nngton, "a, Az; Delaware & Hudson 4 S2S: New
YORK Central, 5120; L. G NJ, II, $50; NJ. K.
q 1. ptd, 4,425; New Jersey Central ). 146:
ontario & Western. 1850; Reading, II ,537:
ROCK Island, q, 460;. st. Paul, 81, 312; South
ern R'y pfd, 1858; U. p, $3.50; Spirits, 1926:
Tobacco, 44,012; Chicago Gas, 16,921; Lead
1920; sugar, $3.50; T. G. & l., 3,S72; Leather
pro, 1920; Chicago Great Western. $500
The following were the fluctuations of the
leading railway and Industrial shares fur
nished by c. H. F. Smith & Co.. members
New York stock exchange and Chicago board
of trade: