The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-09-01

Close. Day.
Bar silver, New York. -. .5S 11-16 SO 11-16
Call money New York -. $685. y
NEW YORK, Aug. S1.-There were
many items In the days news which ia
vored ar advance in the price Of securi-
ties. They were effective early in the
day, but proved powerless to sustain
prices at the higher levels and gains, eX-
cept In a few cases, We're pretty general
ly wiped out before the close. The i'm
proVement in the tone Of speculative mar
kets abroad gave all upward impetus to
prices at the opening. London bought
quite freely Of favorites among the inter-
nationals The buying from this source
IS attributed to the operations Of a prom
inent New York operator, making q hol-
iday sojourn in London. After the orders
for London account had been executed in
this market the railroad stocks fell some
what into the background and the indus
trials We're brought forward.
The leaders of this group, especially the
Tobacco, were under rather severe pres
sure and showed sharp declines Later
there was some Improvement on the
strength of the strong showing made by
several railroads in July earnings. Bur-
lington was the leader, with an increase
in surplus after charges, of over $50, 900
ception, with decline in net earnings
of nearly $1,000 compared with July of last
year. Lackawanna was marked up on
the settlement of the dispute with the
engineers, and there was some sympa-
thetic strength in the other coalers.
Meantime the short interest in Consoli-
dated Gas showed signs of distress and
marked up the stock S1a eX-divldend.
The bears were inclined TO cover sympa-
thetically in the other industrials, but
realizing in Continental Tobacco prefer
red, on the declaration of the first divi-
cend, caused them to decline again. There
was continued strength in the Republic
Steel stocks. but the promising movement
In Federal Steel late yestel day was
promptly met by realizing today and the
stocks of that company were heavy all
day. Steel and Wire failed to show any
response to the admission of the stocks
to the listed department of the exchange
The Chicago & Eastern Illinois stocks
showed individual strength and the COM
mon gained 615 and preferred AZ. Colo
RADIO Midland preferred and Rio Grande
estern common preferred We're strong
Inc persistent heaviness OF the market
and the marking up of call loans prompted
g general selling movement in the last
hour which carried off prices to the low
point There was a slight hardening in
railroads, but the industrials were attack
ed again In the final dealings
mere was no apparent resumption of
operations by the organized pools recent
ly active. The scarcity of money was at
trlbuted to preparations for the regular
monthly settlements. But the New York
banks continue to lose cash to the sub
treasury on account of customs and inter-
"a revenue payments and there is
balance of shipments to the interior over
receipts. New York exchange at the
principal interior points continues at a
discount. Exchange both on London and
Paris, receded a fraction.
Inc bond market was rather quiet and
changes were small and irregular. Total
sales, par value, S3,305,000. United States
government bonds were unchanged on
bid prices.