The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-08-31
STOCK MARKET STRONG AT THE
START, BUT WEAK AT THE
CLOSE.
CHANGERS LED THE SLUMP
CHICAGO GREAT WESTERN THE
GREATEST SUFFERER IN THE
WHOLE LIST.
Some of the Speculative FavOrites
Able to Hold Part of Their
Early Gains.

NEW YORK, Aug. 30.-The stock market
moved up this morning and down this after
noon. The weakness due, apparently,
to heavy proft-taking in the grangers, which
moved up buoyantly in the morning. Chicago
Great Western suffered most severely from
the liquidation and shows a net loss of IA.
Omaha showed a continuance of Saturday S
strength and moved up IL above Satur-
days close but lost it all. Rock Island alone
of the group closed fractionally higher. The
selling movement in the grangers affected
the whole list more or less and many prom
inent stocks closed below Saturdays level,
after having been materially above at one
time during the day. Some of the recent
speculative favortes had achieved so large
an advantage that the decline left them
something to the good and Missouri Pacific
closed at the best with a net gain of 1kc.
Wabash preferred. after an advance of IL
closed with a net gain of l u, and Chesapeake
& Ohio closed as below the top, with a net
gain of nearly a point. Atchison preferred,
Western Union and Union Pacific also showed
a fractional net gain. These are the notable
exceptions to the general showing of net
losses in the list of active and prominent
stocks.
Iron and steel properties were all strong.
Illinois Steel, Colorado Fuel, Minnesota Iron
and Tennessee Coal closed higher, the lat
ter two to the extent of over a point. There
were also some remarkable gains shown in
the inactive list, notably Lake Erie & West
ern The common stock of this railroad rose
points and the preferred ~. Pittsburg,
Cincinnati, Chicago & st. Louis pfd also rose
points. In the industrials National Starch
shares sold point higher, the first preferred
points higher and the second preferred 10
points higher. Leather preferred sold UP
and then sold own and Sugar fuctuated in
an erratic manner over narrow range. The
local gas stocks continued strong on ac-
count of the proposed consolidation of inter-
ests involved. Lackawanna dropped 8 points
on single transaction, although the coal
ers as group were quite firm.
The days market was almost wholly tech
nical, the news continuing entirely in favor
| of increase of prices. London prices fo1
Americans came somewhat lower but i'm
proved during the day without apparently
having the slightest effect this market one
way or the other. The buying was on a
large scale by prominent operators, supple
mented by execution of commission house
orders and the selling was to take profits, the
! liquidation being encouraged also by some
talk of damage to the corn crop.
Railway bonds We're strong and generally
higher and suffered less from the reaction
than did stocks. Total sales, $4,000, 900. United
States bonds bid up Is to 4 all around.
Total sales of stocks today, 473 .26S, includ-
ing: AtcIlson, $3.50; Atchison pfd, 1000; G.
O., $3.50; Burlington 1850; Lake Erie &
", 1853; L. N, 1870; Missouri Pacific,
l7,24Q; NJ, K. & T: pfd, SO; N; Y. C., S,4OO;
8 500; Ontario & w. 400; Reading 141O5
Rock Island, 22.56O: ST. Paul, 1850: ST.
Paul & Omaha, II $50: Southern R'y Alto:
Southern R'y pfd, 7,425; Texas & Pacific, IA
665; Union Pacific. $500; Wabash pfd 16 S67
Tobacco S,d d;;o Bay State Cas- 7,1OO; La
10100; T. c. & l., 1,61O; Leather pfd, $500;
Western Union, 1060O2; Chicago G. W., IS ego.
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: