The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-09-16
BURLINGTON AND ST. PAUL BOTH
LY FIXED.
OVER THE MARK RECENT
GENERAL LIST IRREGULAR.
AVERAGE LEVEL OF QUOTATIONS
HIGHER AS THE DAYS NET
RESULT.
INDUsTRIALs REMARKABLY WEAK
Less Heard of hmm edfate Gold I'M
ports, the Exchange Market Be
ing Firm in Tone.

NEW YORK, Sept. 15.-Todays market was
extremely irregular, but the average level Of
prices was lifted as a result of the days
operations. The strength shown was very
aggressive in spots but many of the shares
recently active in the market moved scarcely
at all. The Vanderbilts were again center
of strength on the reports of large increase
In earnings and most of them advanced
point or more in the days trading. New
York Central was heavily dealt in and ad-
vanced IA on the estimated increase in the
surplus, for the current quarter, of $672957
and in the reported increase in the gross
earnings for the first week in September Of
over $780, Northwest and Omaha also con-
tinued their concurrent advance on the bene-
fits to accrue from the prospective increase
in Omaha's dividend, the extreme rise in each
exceeding per cent during the day with
reaction on proft-taking. Lake Shore also
was taken in hand by the bull element dur
ing the final hour of trading and rushed up
21s per cent, apparently for effect in sustain
ing the balance of the market. The same
element was instrumental in hosting the
price of Pennsylvania, which has only been
listed for short time on the New York ex-
change 3as points, the subsequent reaction be-
ing about II. jump of twenty points in
Consolidated Gas, even though it was on
AeAAAANNN SioAiooNeAohos
sensational feature in the market. The recent
speculation which has centered in Union
Pacific caused the advance in that stock and
benefited the price to the extent of
a point Kansas & Texas pfd continued to
manifest the strength which has characterized
1t in the recent speculation and advanced over
a point. Reports circulated Of large increase
of earnings turned attention to General EIec-
trio and that stock rose at one time nearly
2 points.
These clements of strength COLD not but
serve to sustain the market and the advance
of st. Paul and Burlington to new high record
prices for the year were additional factors.
But nevertheless there were conspicuous ex-
ceptions to the strength of the market, such
stock as Missouri Pacific, Atchison pfd,
Northern Pacific pfd, Louisville, Southern
pfd, c., c.. G. & st. L.. and c. & o.
tagging quite heavily in the advance and in
some cases closing below yesterday. A num-
Der of the industrials were conspicuously
weak, including Sugar pfd, Leather pfd Illi-
nois Steel, Tennessee Coal and Bay State
Gas. Sugar common, which sold ex-dividend
today, lost all of its early gain before the
close. The coalers were comewhat heavy dur
ing the day, but improved slightly before the
close. apparently in sympathy with the lively
advance in Ontario & Western and S. &
w. pfd. The latter jumped 51h points and
reacted. Chicago Gas and Laclede Gas were
quite strong, the former advancing nearly 8
points and the latter points, both showing
a subsequent reaction.
Less heard today of the prospect of i'm
mediate gold imports, the exchange market
showing steady tone, though very dull,
and no further hardening of the rate for
money in the local market being preceptible.
Exchange is still fully cent above the gold
import point, but it seems evident that any
material rise in money rates here would be
met by gold imports and consequently by
check to the advance. One of the features
Of the day in Wall street was sales of Stand
ard Oil lquidating certificates on the curb
at 351A, which is 912 points advance over
the highest previous price.
There was considerable decrease in the vol
ume of bond dealings but prices generally
States old fours were X Iower. bid. iii''D
Total sales of stock today were 621 242
shares including Atchison pfd, $500;
Canada Southern Sou L, 500; G.. O., 300; G.. B.
O., Is, ZOO; Lake Shore. 3O4O; L: & N, $3.50;
Manhattan, $780,; M, X. & T., 3,425 do pfd,
1920; N. Y, S. & W., $500; do pfd, 6,4O0;
N. Y. Central, 19,050; Northern Pacific, $500;
do pfd, $500; Northwestern, II, 500; Ontario &
Western este 81, 100; Reading, 1850 Rock Island,
G., $780, Wabash pfd, 1900; w. & L. E..
3,100; Tobacco, 6,400; Bay State Gas, 81 400;
Chicago Gas, 46,30O; Consolidated Gas, 1850;
General Electric. 80, 1876; Laclede Gas, 8 49O;
Sugar. 1920; c. & l., $500.
The following were the fluctuations Of the
leading railway and industrial shares fur
nished by c. H. F. Smith 4 Co. members
New York stock exchange and Chicago hoard