The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-08-25
The Stock MARKETS.

NEW, NEW YORK, Aug. 24.-There were several
9ulte important elements of positive strength
d a s4e stock market today, but the prepon-
the yery ba anuenc s OF several features and
o.. important stocks nullifed them. The
las! Ia! prices were in nearly every case below
i ise VI last night. The London market fol-
after the opening here sold off causing de-
cine CHI EN- IN some of the internationals. The
s s,aaeefs maze some important gains in
spite on selling for London account, owing
70 tne hlgn level OF earnings disclosed by St.
Pauls statement for the third week In Au-
s tba Inc increased movement of grain n
the Northwest, which has weakened wheat
Ier the last few days is probably reflected in
those earnings, which were $S3,95S in ex-
cess 81, OF last last year and over $4,000 in
oi Che hlgh level for the corresponding Pc
ROO IN lS92 The grain movement though
augmented is not yet up to last years level,
s gener she Large railroad earnings are due to
eral OUTLAY, of last years profits by the
people Of the West
Inc sharp advance in the grangers at the
houses and bidding up Of prices BY traders.
resulted only in bringing very heavy offers
TO realize. There was change of specula-
t inte interest from st. Paul and the grangers
mo i1 some OF the lower-price stocks with div
laena prospects. Northern Pacific was most
s SO in enormous blocks, closing at the top
to thized in less degree, but the preferred
stocks in neither case were affected.
The close of the war with the Canadian Pa
enc pelped to impart strength to the trans
continental roads. There was a very large
demand for Peoples Gas and marked
strength in some individual stocks, but these
were not sufficient to Offset the persistent
Pron1-taking. Manhattan was weak, and
closed two points below last night.
The New York banks continue to lost
money to the subtreasury on account of bond
subscriptions, and there is difficulty In OBJ
tanning the new bonds to serve as security
to to the government for the deposits of pub
towards falling of in government dis
bursements for war expenses, and the inter-
lor dsmands for money are increasing this
week fall of Nc in the actual price of
sterllng exchange is suggestive of the source
where more prompt relief would come If
there was any stringency in money. A Gu
rious result of the financial strength of
tbs country Is the strength Of Spanish As
today: 1t Is current talk in Wall street that
American funds are going into these bonds
in the belief that the Spanish government
Will lind means to secure interest on them
Spain. ''- ''''' 81 "e'-'n VI
There was marked strength in some Of
acted TO some extent, in sympathy with the
later weakness in stocks. Total sales 4210-
600. United States Is advanced 1, and the 3s,
when issued. declined in the bid price.
shares, including 1880 Atehison pfd, 57i5
G. & O.. 1856 Burlington, $500 c. & E. l.,
S,015 c., c., G. & Sta L., 9,045 L. N, &c. 46S
Manhattan, 4, $40 Metropolitan, $3.50 Missouri
PACIFIC, 0.070 Northern Pacific, 1925 do
pfsdl d. +, oss R. l., 1215o y: P, 4s,Ss5 St. Paul,
P. pfd, ITO Cotton Oil, $40 Tobacco, 1880
G. G. w: ALTO Peoples Gas, 1894 Rope &
Irvine, 1850 Sugar, 1856 Tennessee Coal &
Iron, $3.50 Leather pfd, 1920 w. U.