The daily morning journal and courier., 1899-08-25
EtnauCral.
The stock Market.


 securities mostly expended itself in the early trading to-day and the weight of realizing sales became more burden some and at the last made the general tendency downwards, although the marking up of a few stocks at the close to top prices made it irregular Northern Pacific and the, Union Pacific stocks rose to top prices in the final dealings.
 There were quite number of rather obscure stocks which held good gains throughout, but the earlier rise in many cases was almost wiped out The market started off well under the in- fluence of the cheerful tone of foreign markets. London dealt in about 10000 shares in this market the balance of purchases prevailing over sales. An early drive against Tennessee Coal, which carried it down points. caused a momentary halt. But yesterdays strong upward movement in Tobacco was resumed. carrying that stock to 131 1-2 and causing sympathetic gains of
 
 ing specialties. There was a large de- mand for Union Pacific, Northern Pa cific and Baltimore and Ohio, which lifted those stocks about point each. There was good buying of St. Paul, which advanced that stock an extreme 3-4, but the other prominent grangers did not respond. When 1t became known after noon that the directors of the Continental Tobacco company had failed to declare a dividend, as many speculators had hoped they would, there was drop in the Tobacco stocks which reached 2 3-4 in American To- bacco. Sugar, Brooklyn Transit and Manhattan responded In sympathy and a number of railroads lost point. The market drifted rather uncertainty for the rest of the day, except for some strength in individual stocks. The re- duction of the dividend rate on Con- solidated Gas, although it had been fully expected, had bad effect on the market The stock itself vibrated fo- verishly over points and closed at fractional loss. There was quite mo- table display of strength by a group $, Chicago and Eastern Illinois, St. Paul and Duluth, Duluth, South Shore and Atlantic preferred, Minneapolis and St. Louis, the Wisconsin Central stocks Iowa Central preferred and Des Moines and Fort Dodge. Gains in this group ranged from 1 to 12 points, the latter St. Paul and Duluth. Other isolated points of strength were Ontario and Western, Chesapeake and Ohio Cleve- land, Cincinnati Chicago and St. Louis, Cleveland, Lorraine and Wheeling pre- ferred, the Reading stock, the Colorado Midland stocks, Detroit Gas and Erie Telephone. Realizing was in evidence all day in some of the southern and southwestern stocks, which had shown recent strength and this, combined with renewed weakness in the special ties, made the closing rather heavy ex- l cept in the eases banned Money mar ket conditions abroad accounted for the ! cheerful sentiment from that quarter and the London buying of stocks here had it's effect in the fractional decline in sterling exchange. So also had the stiffness of the local money market WHlcn fuieS llTl1l Hl aDoul o per cent.
 The bond market was quite active and a number of speculative issues showed advances Total sales, par value $3,226,000.
 United States old fours registered de- cilned IA and the fives Is in the bid price.
 NLH YORK STOCK MiEhEF Opening, Highest, Lowest Quotations On the New York Stock Exchange, reported by Prince x Whitely, Brokers, b Center