The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1899-08-22
r t,1anrtal.


| New York. Aug. 21.--There was a
battle royal between the bulls and the
bears on the stock exchange to-day.
The bulls had somewhat the advantage
| of the position as they We're entenched
| behind a large and well distributed de-
| nand for stocks Of all varieties. Com
| mission house business was on very
| large scale and the movement of prices
in the majority of the list was varied
throughout the day, realizing going on
in liberal way at one portion of the
| list while prices were marked up in
another, Ore or two stocks showed con-
spicuous strength but the tendency to
advance in the railroad list was sur
prisingly uniform and took all grades OF
stocks from the highest priced railroads
to the low priced Issues. But there
were spots in the industrial list which
proved exceedinglYovu vulnerable and the
fierce and persistent determination with
which the bears raided these resulted in
wiping out the majority of gains which
had been achieved in the railroads and
reducing practically all that remained
to fractional limits. Brooklyn Transit
suffered the severest attack from the
bears. 1t was offered down through
successive stages, each drop bringing
out a deluge of long stock and dislodging
stop loss orders The success of the
bears with this stock encouraged them
to extend their attack to other men,
bers of the so-called Flower group.
They forced down International Paper
inh+ i,,te Nd
Steel suffered to the extent of 35s. Peo-
pies Gas lost over two points and Rock
Island a point, The extent of the de-
cline invited hasty covering and there
were rallies of ] to 3 points in the group.
Manhattan. Metropolitan Street Rail
way and Third Avenue showed wide de-
clines in sympathy, ranging from 21s to
AZ in the case of the first two named
Sugar was also vulnerable after an early
gain of point and dropped nearly two
points. Steel and Wire showed droop-
ing tendency and other iron and steel
stocks We're also heavy. A large portion
Of the days business in the railroads
was done at prices above SATURDAYS
level. Tennessee Coal rose buoAntly
Az points to par in the first few minutes
OF trading. 1t went back during the
day to 81, but closed at 90. Louisville
continued in active demand and sold up
at 1878. A large number of low priced
stocks, notably Denver and Rio Grand
and Norfolk and Western were in good
demand and the large organized buying
of Southern Pacific was continued. This
stock was held back by realizing and
did not at any time rise more than
fraction over Saturday Stocks of
railroads in Colorado were uniformly
strong on the improved conditions of
the mining industry of that state At
Gibson preferred, the grangers. the coal
ers and the Baltimore and Ohio stocks
and Union Pacific were in large de-
mand American Tobacco gained near
ly two points There were number of
other more obscure stocks which show
ed strength during the day.
The bond market showed increased
activity in sympathy with stocks There
were conspicuous gains in Southern Pa
cifc fours, Green Bay incomes, Colo
RADIO Midland As and Atchison is. Total
sales par value $4,12S,000.
United States IS advanced u in the
bid price.
HEH iORH STOCK MIEhEr,