The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-05-03
STOCK PIT IN A FURORE
PRICES SENT sKYWARD BY THE
NEWS FROM MANILA
Gains In the General List of From
One to Three Points, and Even
More Striking Advances in Spe-
cial Cases-Heavy Realizing
Sales Early Responsible for the
Only Reaction of the DAY.

a. NEW YORK. May avail street saw a
mas not been equalled before this year There
we. were many varying phases in the events of
o one day. the upward surge of prices at the
reaiilas Was met by enormous offerings to
10 half. The upward movement was then
h enuweo ana there were occasional periods CT
me market closed In a burst of animation
ana very buoyant in tone with pr:ces' ex-
ce When sor the few mas stocks at the TOP level
pull GENERATORS. who bought stocks last week
IN ANTICIPATION of United States victory
IN the Phillipines, stood ready to take their
coterie had been largely in Sugar. St. Paul
and Burlington. They were aware that the
news OF Commodore Dewey's victory had
to hgn large orders to the on houses
mana III no oy bidding uD prices at the opening
as as Iar as lay In their power. They succe sded
ah eIectlmg Jump Of points in Sugar and
"pUut polnts In burlington and St. Paul.
co neayy selling to realize in these stocks
caused Gt reaction all through the market.
d dne London exchange was closed for a hol-
uay ah9 faris was looked to for a reflecti IN
OF the foreign view of the engagement There
was hrmness in Spanish As at that cent sr.
Tue price nay:ng gained Slice net by the time
!, Elements OF doubt helped the reaction in
Inc mrs: hour. But as additional scraps of
information began to come to hand there
the advantage gained and of its probahie
erect In bringing about an early csrmina-
u sN OF the war The volume of outside orders
from all over the country showed a large in
crease as the day progressed and the demand
was SO active and confident that the effect
OF Inc early reaction was overcome
me grangers and internationals showed re-
marKable strength as groups and the msj ority
OF the stocks designated showed net gains Of
over points on the day. Even more str X
ing gains were shown, in some special case g.
nnip &c Del,
9lA points ex-dividend. and Lackawanna ii
points over Saturdays bid price. Metropoli-
tan and Pittsburg, c.. G. & St. Louis pfd
pfd Az. Net gains otherwise are mostly
found within a radius of to points.
Ine scramble to buy at the opening was
to : ?f ints in Sugar. Burlington, St. Paul
and Manhattan Speculative activity was at
polling POINT except for a few intervals of
comparative dullness. In the outs de market
there was equal strength and activity. Stand
ard OIL liqutdating certificates were the fea-
ture at an advance of 15 points.
with stocks, showed notable strength, the
speculative issues leading with gains Of about
per cent. Single blocks Of sl56, 900 of North
hands. Total sales. sa,77 COO. United ties
new As cupon ex-dividend advanced to 1871 !:
DO regular, 1: the old registered and the IS
bid price: U. S. As reg, on sales, advar ced
u and the IS coup ex-interest, v per cent.
Total sales of stocks today were 614,3 o
g. & O., 1861 Burlington, 2o,95O {. & N,
20. 40 Manhatton 15,12O Metropolitan, 1850
Missouri Pacific, II ,46O N. Y. c., A,52O North
$500 St. Paul, 6,065 Southern pfd, 81 2s0
Union Pacific 1920 U. p, D. G. Co. q $50
Tobacco. $500 Great Western 12,25O People s
104, $50 Sugar, $40, T., c. & l., 4,416 W. U.
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: