The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-08-17
ON THE NEW YORK
EXCHANGE.
SHARP BURLINGTON GAIN.
THE HIGH PRICE TOUCHED ONLY
THREE-QUARTERs BELOW
PAR MARK.
NET CHANGES NOT EXTENSIVE
Slight Gains in Most Cases, With
the Exception of One or Two
Changers.

NEW YORK, Aug. 16.-There were periods
today when the market for stocks had an ap-
pearance of actual dullness. But this was
only by contrast with recent markets The
total sales fell below half million shares by
over $4,000 shares, which is what it did not
do for any whole trading day of last week.
There was a falling off also in the activity
in the bond department. Whatever striking
animation there was was in the first hour
of trading. The buying during this period
was brisk, arbitrage brokers joining with tho
commission house agents to swell the de-
mand. This represented the working off of
the accumulation of orders received by COM
mission houses over Sunday. London was
buying some of the International shares at
the same time that 1t was selling others AS
a result of this prices bounded lightly up
wards. New record prices for the year were
made in a number of prominent stocks The
grangers were actively traded in at the higher
level. Burlington showed the sharpest gain,
but st. Paul was most actively dealt in. st.
Paul was the leader of the list and was
quite largely bought for London account.
Burlington touched 99Ac in the opening deal
ings, but closed a point below that The
other grangers moved over a much narrower
range, but closed a little above the lowest.
The upward bound of prices at the opening
invited realizing Sales The professional
bears added their utmost efforts. They had
| in their favor some reports of crop damage
in the West and the result was soon showing
a reaction in prices Of the grangers and
Southwesterns, which had a sympathetic eff
feet upon the whole list. Prices of many
stocks were carried below Saturdays close,
although there irmer tone later and
slight recoveries. The market failed to re-
! gain its tone before the close and consequently
prices of most of the active leaders Of the
market show only slight changes from yes
terday. The net changes, though slight, are
mostly gains, one or two of the grangers be-
/ ing exceptions.
! The undertone of strength in the market
was again strikingly manifested by the dull
ness that set in upon the decline in prices.
! Sugar again assumed a prominent part IN
the dealings and touched new high record
price at $1.491a, but reacted nearly a point
| before the close Tobacco was also largely
dealt in, opening at sharp gain, but selling
off during the day. Chicago Gas also showed
| some signs of renewed activity, but also SUI
| fered from the reaction. While the early
strength carried many stocks to point or
| over above Saturdays close, the gain was in
most cases practically wiped out. The Van
derbilt stocks, particularly Chesapeake &
! Ohio, and c. G. c. & St. L., were notably
firm all day, closing near the top. The lat
ter's preferred stock was bid up points.
| Other notable gains were: Rubber preferred,
33s Spirits preferred, 21s; Oregon Navigation
preferred, 2; Cotton Oil preferred, Central
Pacific Colorado Fuel, Great Northern pre-
| ferred and Rubber common.
The bond market showed a marked diminu-
ton in the volume of trading as compared
with recent averages, the total falling short
| of So O00 600. The speculation also lacked
| aggressive strength, but the market was fair
ly-well supported and some substantial gains
I were registered in the less known issues.
! The aggregate transactions were 1885, Goo
| Governments were heavy and receded frac-
! ton on light offerings.
Total sales of stocks today were 4S1, ISL
shares: Atchison, S,445; do pfd, %, 142; Bur-
lington, 2442O; Northern Pacific, 1895; do
pfd, 1880; St. Paul, 1925; st. Paul &
Omaha, 3,515; Union Pacific, 1860; Spirits
! S270; Tobacco, Is, 458; Chicago Gas, 1929;
! Sugar. 30,12O Chicago Great Western, II, APO;
Western Union, 1850.
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.