The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-07-30
STOCK CLOSE IRREGULAR BUT
HIGHER FOR THE MAJORITY
OF SHARES.
CHANGERS GENERALLY DOWN.
BURLINGTON AND OMAHA ALONE
IN THE GROUP HELD THEIR
OWN.
FLUCTUATIONS IN sPECIALTIEs.
They Were So Violent as to Be a
Feature of the Market-BOnds
Active.

NEW YORK, July 29.-The stock market
was strong with a generally wholesome look
until delivery hour, when the bears raided the
market rumors of unfavorabe crop ad-
vices from the Dakotas, and that gold ex-
ports on Saturday would be in excess of
2,O0O0O0 causing the close to be irregular
at Slight recoveries from the lowest, and
with the greater number of shares showing
net increases for the day. Sustaining in
fluences on the market were favorable, traffic
statements rising quotations for wheat and
cototon with an engagement of another 6OO-
GOO blu of wheat from our ports. Ameri-
cans in London were attracting a broadening
interest, London buying and selling some
$4,000 shares here. At the same time the
continent, in a moderate degree, purchased
Americans in London. The market was fea-
tured by the violent fluctuations in the spe-
cialties, and the aggressive strength and &C
tivity of low priced stocks, which hitherto
had participated to only slight extent in
the general rise. Southern and Southwestern
groups were exceptionally strong. Southern
preferred advanced on foreign and domestic
purchases, on vague rumors in regard to
dividend prospects, but the movement was
PROBABLY part OF that recently displayed in
other Southern securities. On prophecies
that series of bearish interviews with Sugar
people would be published, Sugar which had
risen to 1891, was forced down to 1877, but
rallied point. In the late trading 1t was
claimed that sales had been made of Dutch
granulated for September shipment, the for
elgn rehners having refused bounties thereon
SO that the American countervailing duty
might be avoided. General Electric advanced
u.s. the contracts of the company placed
abroad being favorably commented upon.
Brooklyn Rapid Transit developed early weak
ness, and receded 21A, but rallied point
Susquehanna & Western preferred broke a
point and a quarter, in sympathy with the
reactionary movement among the anthracite
coalers. Delaware & Hudson also lost a
point. The grangers, except Burlington and
Omaha which held their own, receded frac-
tionally. The June net earnings of Burlington
were over 100000 above those OF last year
and the same amount in excess of those OF
last May. This was interpreted as a most
favorable showing. A slight rise in silver and
the export of 100000 in gold to Canada were
of some interest to the street. There were
advances of a point more in about nine
teen shares, with similar declines in seven
others. The declines were: Standard Rope
Lake Shore, Pittsburg; Cincinnati Chicago
& st. Louis preferred; Rubber preferred, 21a
Delaware & Hudson, Brooklyn Rapid Transit
and Susauehanna & Western preferred.
The transactions in railway and miscellane-
Jus mortgages aggregated the largest tOtal
noted in some years, namely So 100000 This
included an extensive variety of issues in
which improvements of substantial proper
tons were general, but the most noteworthy
in the middle grade liens. Purchases for in
vestment account were freely noted and q
brisk demand for the low priced bonds was
recorded by the foreign arbitrage houses
Governments were in good demand and i'm
proved slightly on purchases of $4,000.
Total sales of stocks today were 444 1916
shares, including: Atchison 1905; Atchison
preferred. 1850; Canada Southern, $3.50; C.
o.. 29,701 Burlington, %, lis; L. & N. H.
0l0; Manhattan. 3,345; NJ, K. & T., 2,77O; NJ,
K. & T. preferred 1890; Missouri Pacific
$500; N ]. c., 1850; Ontario & Western
4,7o7; Reading, Ia, AIS; Rock Island, 49, O5; St
Paul, A,50S; st. Paul & Omaha, 1900; South
ern Railway preferred, "a, ass; Texas Pacific
4,315; Wabash preferred. Ii, OBS; Tobacco, IA, >
S52 Bay State Gas, 3,040; Chicago Gas, 5,135
General Electric, i6, 1872; Pacific Mail 6,42O
Sugar, 1865; T., C. & L.. 9645; Western
Union, 4.O34; Chicago Great Western, 1910.
Cash quotations ranged as follows: Flour
The following were tie fluctuations of tn,
leading railway and industrial shares fur
nished by G. H. F. Smith & Co., member.
New York stock exchange and Chicago board
of trade: