The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-09-09
TONE Of STRENGTH
REALIZING ON A LARGE SCALE UN-
ABLE TO BREAK THE
MARKET.
ATcHIsoNs ALL ACTIVE.
SALES OF THE PREFERRED STOCK
CLOSE TO EIGHTY THOUSAND
SHARES.
NET CHANGES AS A RULE NARROW.
At the Opening the Course of Prices
Seemed to Be Toward a Lower
Level.


ket was very irregular, but it was much less
under manipulation than for over week past
and the general tone was one of strength.
There was realizing On a large scale all day,
but the offerings for this purpose were more
naturally absorbed. There was no one stock
lifted by sensational jumps to stimulate buy
ing, condition in marked contrast to the
lnvarlable rule for many days past. North
ern Pacific preferred which was the stock
under manipulation for a rise yesterday, was
rather drag on the market all day today
and lost point of its gain. The course Of
the market was downward at the opening,
the internationals and grangers leading in
sympathy with the declines in Americans in
the London exchange. Strength developed in
a number of stocks, which stemmed the de-
cline and carried prices to the best of the
day. Proit-taking at the close caused the
loss of part of the gain, so that net changes
in many of the leading shares are of very
narrow proportions.
The decision of the Atchison directors to
pay per cent on the adjustment bonds out
of the earnings for the year ending June 80,
directed attention to the securities of the
company, and all of the stocks and bonds
were very active and strong all day. The
preferred stock which has been held down
by realizing sales for some time past, opened
off as but rose at one time "a points from
the lowest Proft-taking at the close re-
duced its net gain to rs per cent. The ad-
justment bonds gained a point net. There
were $4,000 shares of the preferred stock sold
during the day. New York Central lost
point in the early dealings but more than
recovered it on the publication of the state
ment of August earnings, showing an in
crease of $456, 219. The grangers moved very
narrowly all day, and showed very large
falling off in activity, except st. Paul. which
came next to Atchison preferred, with sales
of $4,000 shares. The stock declined fraction
ally at the opening, but rose 1as, and fell off
fraction at the close on profit-taking.
Sugar was subjected to rush to realize,
when it became known that the directors
dend of per cent on the common and ~
per cent on the preferred stock. 1t had been
rumored that an extra dividend would be
declared After. rising to 1864, after the
opening. the price fell to 1853, and fuctuated
in very. cratic manner, but closed at re-
covery of two points The preferred stock
also fell over two points Notable gains were
made by the Lead stocks, the common gaining
near.y 2 points and the preferred 3 points.
There was some movement of stocks of soft
coal roads on prospects OF settlement OF
preferred gained 2%. Other notable gains
were Canadian Pacific, 8; Chicago & Eastern
Illinois, 1. and Cleveland, c., G. & st. L..
preferred, 8. Cotton Oil lost point, Central
loWd pieleiieu, LIP, anu OieSoH Navigation
preferred point
Dealings in bonds were of large proper
lions and at higher prices. Total sales were
$5O0,OOO. The Atchison. Northern Pacific and
Union Pacific. Denver & Gulf issues absorbed
the bulk of the dealings. United States bonds
were higher, the old tours, coupon, being
quoted at 113A bid a rise of Il.
Total sales of stocks today were 597, 692
shares, including: Atchison, 1890; Atchison
preferred, II 1926; -Chesapeake, & Ohio, $3.50;
Burlington is, 7G0; c., c.. c. & st. Louis,
1925; Erie new, 3OS5; Illinois Central IL 100;
L. & N. 1880; Missouri Pacific, 5000; New
York Central, $40; Northern Pacific, 23,95O;
Northern Pacific preferred, 1880; Reading,
1850; Rock Island, 7,12O; st. Paul 81 ,22O;
Southern Railway preferred, 1905; Texas
Pacific, 6,165; Union Pacific, 6,430; Union Pa
cific, Denver & Gulf 11,475 Wabash pre-
ferred, $3.50; Tobacco, $500; Bay State Gas,
915O; Chicago Cas- $500; Lead, IA, goo; Pacific
Mail, 1895; Sugar, $3.50; Sugar preferred,
300; Tennessee Coal & Iron. $3.50; Western
Union, 6,620; Chicago Great Western. 97O0.
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