The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-09-07

NEW YORK, Sept. 6.-St Paul was the
central figure in today's market. The
publication Of the annual report, with It's
great detail of facts and figures, all show
ing extraordinary prosperity, was the
motive of the buying, which was very
large and which carried the price stead
lily upwards nearly points So wide
movement in a standard stock of st.
Paul's character was looked to to arouse
some sympathetic strength In the general
market The st. Paul movement in the
upper stages of the advance showed some
signs of manipulation for the purpose of
sustaining the general market There
was quite free selling wherever there was
a notable advance in price, and the last
hour was given over to an active real1Z-
ing movement, which clipped off one
half of st. Pauls gain and carried prices
generally below last nights level The
jump in call money to per cent induced
the realizing. The exceptions were
number of usually obscure stocks, which
were marked up in quite a sensational
manner.
Tennessee Coal dashed up and down in
an erratic manner all day, climbing 9h
points in the first hour and dropping
again to within points of last night
The feverish demand for this stock is at
tributed to a large short interest, which
IliluS llSell ODIISeU 10 SSlllS Will d pTttC-
teal corner in the stock, according to the
current rumor. This is Wall streets eff
fort to explain the movement which
seems extraordinary without it in a stock
which has paid no dividend for twelve
years, and which has a preferred stock
ahead Of it upon which six years divi-
dends have accumulated and are payable
before dividend is due on the common
The movement in Colorado Fuel, which
reached about points, in close SYM
pathy with Tennessee Coal, as was that
of points in Hooking Coal.
There was rather sensational advances
also in Pullman, the Buffalo, Rochester
and Pittsburg stocks, which gained about
Z points each, and Colorado Midland pre-
ferred Southern Pacific and Central Pa
cific recovered about IL of their recent
decline, and the Norfolk & Western
stocks and the coalers advanced tempo
rarily but more than lost the gain
Sugar underwent the same experience,
rising points on the declaration of the
regular dividend and then reacting an
extreme 35s
The New York municipal stocks ali
weakened during the day, Brooklyn Tran
sit having declined "a after an initial
rise, and Consolidated Gas showing loss
of 81. New York Air Brake dropped
points. Republic Steel, after gaining 49,
dropped abruptly 31s and American
Smelling was conspicuously weak The
marked activity of the trading was very
unevenly distributed but brought forward
quite a large number of usually inactive
stocks.
There was no change in the condition
of the money market today Call and
time money rates were quite stiff1y held
There was further deposit of $150, 600 at
the subtreasury for shipment to New Or
leans. New York exchange at interior
points indicate pressure on this center for
funds, and the subtreasury continues to
absorb cash from the banks. Notwith-
standing the hardness of money here and
the somewhat easier tone in London ster-
ling exchange was firm in New York and
advanced a fraction on actual business.
The bond market was quiet, but prices
were well held. Total Sales par value
s2367, 600. United States bonds were un-
changed on bid quotations.
STOCKS.
The following were the fluctuations of
the leading railway and industrial shares
furnished by c. H. F. Smith & Co, mem,
bers of the New York stock exchange and
Chicago board of trade: