The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-05-10
STOCK LIST WAS ACTIVE
SALES OF OVER SIX HUNDRED
THOUSAND SHARES
Largely to Wheat, and Was Com
PEELED to Carry a Heavy Burden
of Liquidation to Take Profits
The Days Net Changes Irregular
MIXED Gains and Losses.

NEW YORK, May 9.-Probably today's
stock market owed its firmness, and at some
points its strength to the course of prices
in the wheat market. But the market had
to carry the burden of an extensive iiquida-
ton Of profits in many stocks and of large
selling for foreign account, induced by the
stiffness of money rates abroad, There was
besides positive depression in some of the
stocks which are usually most prominent in
the market.
With three such conspicuous leaders as
Sugar, Manhattan and Metropolitan suffering
from special causes OF weakness, 1t was
natural that some slight depression should
radiate from them through the list. There
was hating tendency manifest even in
some OF the grangers, Notwithstanding the
special advantages to them from the active
demand for wheat and corn Rock Island
showed the most notable strength of any
railroad stock, and st. Paul was also well
sustained. Otherwise the grangers were a
good deal weighted by profit taking sales.
or the internationals Louisville was about
the only one outside of St. Paul to show posi-
tive strength. Wabash preferred and Atchi-
son pfd were advanced sharply on heavy buy
l M but the former lost most of the gain.
There were some sharp gains shown in a
few other cases, notably Peoples Gas and
Pacific Mail. Tobacco lost all of it's gain
before the end of the day. There was a gen.
on profit taking and bear pressure during the
final hour which made the days net changes
extremely irregular. Prominent stocks are
found showing sharp gains and others equal
ly prominent show marked losses The days
business was the heaviest since last fall, the
total sales Of all stocks reaching $40, 900
shares.
A feature of the day was the sharp advance
OF 19c in sterling exchange. This was the re-
suit only OF the easier tendency of money
here, burt of the large demand for exchange
created by the selling of stocks for foreign
account These sales reached over 10000.
The bend market shared in the activity Of
stocks and was strong throughout. Total
sales, $4,000. U. 8. new As advanced y,
the 5s and the old As coupon w. and the
old as reg u in the bid price. There were
sales OF the new As coupon at 1881, an ad-
vance OF ga over the last SALE
Total sales of stocks today were 630, 700
shares, including 1886 Atchison; %, 299 do
pfd; 7,705 c & o; 25,74O Burlington; S24O
Erie pfd; 1890 L. & N; II, 500 Manhattan
$3.50 Metropolitan; 6s21 Reading pfd; H.
$40 Missouri Pacific; $500 N. Y. C; 10O1O
Northern Pacific; A,31O do pfd; 4,73O Read
ing; 1925 Rock Island; 6s, $50 St. Paul; 9125
Southern pfd; 4,71O Texas & Pacific; 46, 12O U.
r. pfd; 4,O75 U. P. D. & G; 1920 Wabash
pfd; 1000 Spirits; 40,770 Tobacco; 1880 C..
G. W. 24,S30 Peoples Gas; 6,025 General
Electric, $50 Pacific Mail; sc, $50 Sugar; 5000
T.: c. & 1; 9,515 W. U; 3s4O st. L. & s. W.
pfd.
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;