The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-07-29
STOCKS WERE FIRMER
SHORTS WERE ALARMED AT THE
STRENGTH SHOWN IN THE PRE-
VIOUS DAYS TRADING
THEY FASTENED TO COVER
That Naturally Had a Temporarily
Depressing Effect Upon the Mar
ket, but the Prevailing Tone Was
Much Stronger Than Had Been
Prompt to Respond.

Bar Silver, New York ........ 60A 6JA
Call money, New York ......31a44
NEW YORK. July 2S.-Todays stock
generally ranged themselves on the long
side. The shorts took alarms from
yesterdays rise and the continued up
ward tendency this morning and COW
cred rather extensive lines. London
marked up prices before the opening
here and brought considerable amounts in
this market. The sentimental effect of
this buying was even more pronounced
that the direct demand for stocks.
The covering in French rentes had
stimulating effect and part of London's
buying of Americans was reported to be
for Continental account Taken all in
all there was sufficient demand for stocks
to run the forenoon business up to with
in 10000 shares of yesterdays total
transactions and considerably over the
total for some days of the week Bust
ness fell off, however, very notably in
the afternoon.
The public showed itself still backward
in coming forward, and bull operators
in consequence proceeded to take their
profits on the advance. The stocks
y
before were especially affected and In
number of cases were carried below last
nights level. Southwestern stocks, Kan
sas & Texas preferred. Lake Erie &
Western and the trunk lines were ex-
amples. There was nevertheless an ap-
prec1able increase in commission house
business This was conspicuous In me
grangers, Burlington leading on ac-
count of the benefit to the crops from
rain. The coalers were notably strong
on the approaching operation of a higher
scale or prices and Lackawanna. which
in addition. enioved the benefit of w.
ported combination with New York, Chi
cago and st. Louis rose an extreme four
points.
Louisville was the leader of the mar
het' considered as to the strength and
actlVlty 1t closed at the top price. q
net gain of 2as over yesterday. Since
the dividend of per cent was taken
OH Yesterday the stock has risen AZ
points There was an active demand for
Sugar all day and the price went TO
1928. National Steel was strong on
the reported requirement of new nron-
erty' and Brooklyn Transit rose on ax
IRENE IA. There was a belated nwora
movement in some of the Soutbu,ae4o. -,
STOCKS not heretofore affected Den,,ar
g. no Grande preferred, Southern pa
cihc' st. Louis & San Francisco SECOND
preferred and the ST Joseph and Grand
Island stocks gained from to : nointe
id.e realizing movement carried
prices down from the best and tho 49,
ket closed dull and easy. Tomorrow,
Dahk statement is expected to show an
other loss in cash owing to onara+ion.
WIN WIN the subtreasury, though there has
Deen net gain on the interior noveroo,,+
oterllng exchange was weak and Love
vi account of London buying stocks hero
bills VI commercial
. BONDS did not respond fully 70 tho
slr@""fh IN stocks. but prices are GOV
higher Total sales nav ,,o,,.o
- TX o'" United c+o+os fvas roo.,-t-
advanced 4 In tho h'd price
STOCKS
tho IJG;IloWlng were the fluctna+ion. 30
iedolng railway and indusfriai' us OF
bers of ~ oy q II. F. Smith & co Iaa rs
Chcs oL the New York stock c%chsn'e, mem EN-,
oHIcago board Of trade: ii'llse ana