The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-09-03
The Stock MARKETS.

NEW YORK, Sept 2,-There was a brief
period of activity on the stock exchange this
morning, and a brisk demand manifested
for few Stocks but the dealing became
more and more perfunctory as the day rro-
ceeded.. The market was under the combined
influence of exhausting heat the tighten ng
day holiday. 1t had fallen into a comnIete
lethargy at noon, and the governing commit-
tee were induced to reconsider their refusal
to close the exchange "on Saturday and de-
cided to suspend trading from 2 O'Clock to-
day until 10 o'clock next Tuesday morning
General Electric continued to show streoefh
ana colsed at the best at a net gain of IA.
baltimore & Ohio also retained it's advance
The market generally fell to a lower level
In the latter dealings, due to taking of trad
ers' profits in anticipation Of the three DAYS
interval in trading.
The money market stiffened further call
loans generally being marked up to 8 per
cent, on the expectation that tomorrow's bank
statement would show a still further de-
cine IN cash holdings and surplus reserve.
Inc higher money rate was not reflected in
the exchange market, which was slightly
hrmer in tone.
Bonds were irregular, but were more firmly
he'd than stocks. Total sales 81, 346, OOO The
reactionary tendency of the stock market has
evidently turneS on the conditions of the
money market, though the fact that large
combined interests have taken profits and
sold their holdings to smaller investors also
had bearing On the market
Inc continued diversion OF cash into the
treasury on account OF bond subscriptions Is
what had curtailed the supply of idle money
aVailable for speculative purposes, and pros
poets OF continuance of this diversion and of
growing needs from the interior to move the
crops have admonished Spectators to con-
tract ventures. There have been large Nnui-
dations and following that dullness Ster
ing exchange HAS fallen and money rates in
London have risen, but are still below the
New York level. Still little over 81 0Oo 0oO
IN gold have come from London although
London has bought stocks freely in New
York. In spite of the hardening of money
and some renewed anxiety on the condition. ~
the crop, the situation has Remained Ayoro
bic to investors. and a large number NJ stocLs
have responded to special circumstances and
advanced, especially among the industrials
The bond market has fallen into duIIneas
during the week. and the higher rates for
money have BEEN reflected in lower prices
United States As registered, and the Is are
4 lower, the former ex-interest: the new
4s are Is lower and the 3s "a lower in the
bid price. o. VIC
Total sales of stocks today were AK on
shares, including 6,e45 Atchfson nref So.aT
3,425 B. & O., 1924 G., B. & O., Alps Illinoi,
Central, $3.50 Manhattan, $500 MetropoIitsn
3095 Missouri Pacific 80 475 n p "a oel ~
P. preferred, S,94S Rock Island a s1o II D
10,616 st. Paul. S,OS1 Southern preferred 70 -
102 U. P. preferred 1880 Wabash nrefsrr ~
3,2O5 Minnesota Iron, $3.50 Cotton 6iI a. SI5
Tobacco, 1872 G. g. W., 6.055 Peonle's CO..
II, 1876 General Electric 4,505 Pacific Mai, I 1k
The following were the fluctuations 90 an
leading railway and Industrial shares ~ s Tue
nished by G. H. f. Smith q % noer,t tur-
Of the New York stock exchange and Chicseo
board OF trade. Closing are bid prIcas.
STOCKS