The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-07-19
THERE WE'RE NO SIGNS OF A RE-
SUMPTION OF ACTIVITY ON
THE FLOOR
NET CHANGES WERE SMALL
The Opening Showed Some Slight
Animation and Higher Prices in
Sympathy With London, Which
Had Advanced Americans Before
the Opening Here-MOney Again
Held Prices in Check.

NEW YORK, July 1S.-The stock mar
ket continued dull and neglected almost
to the point of stagnation. Prices drifted
quite aimlessly up and down except In
few Stocks which were Influenced by in
dlV1dual causes, and net changes Tor the
most part were very small.
The opening showed some slight ami
nation and higher prices in sympathy
with London, which had advanced Amer
leans before the opening here and which
seemed to take a more cheerful view of
the general outlook. The money mar
ket there was reported rather easier in
tone, but the Bank of England continued
tc do practically all of the money lend
Ing at a rate well above its official mini
mum rate of discount, and sterling ex-
change at continental centers showed
additional sharp advances
In New York money was rather easier
in Tone but the rate still continued
above those at some other domestic CEN
tiers, so that the sterling exchange mar
lSet, though hard, was not quotably
higher. 1t is intimated that money rates
may be held up in New York to prevent
an outflow of gold, and the additional
suggestion is heard that Chicago may
supply London with some gold on direct
movement. There are increasing offer
ings of Chicago funds in New York.
Statements of railroad earnings con-
tinue to break previous records, st. Paul
leading today's returns with It's second
week of July increase of 1921, 1923 over last
year. Todays recovery in Brooklyn
Transit amounted to 2 points net, and in
Metropolitan Street Railway to ~. Not
withstanding the favorable incidents the
local stock market showed no DISPOSE
ton to follow LOndOnS early lead and
the opening gains were soon lost. The
only movements of any Importance were
in Isolated stocks, mostly industrialS.
Sugar and Manhattan showed early de-
preston, which was not entirely over
come in the case of the latter, though
the former shows a small net gain.
American Shelter rose at one time 2A,
and General Electric IA, but both re-
acted a point. New York Air Brake rose
points, and then dropped Il. The To-
bacco stocks came into late demand and
gained from ~ to 22s. The latter CONT
metal Tobacco. Rubber preferred, Leath-
er preferred, Tennessee Coal, Tin Plate,
! Federal Steel, Peoples Gas and a few
other stocks had periods Of strength.
New York Central more than recov-
! cred yesterdays decline, and some firm
ness was manifest amongst the grangers,
Pacihcs and Trunk lines, but the Coalers,
| Southwesterns and Southern stocks show
ed a slightly yielding disposition. The
whole days business footed up only a
little over $50, 200 shares, and Brooklyn
Transit, Sugar and Manhattan absorbed
| a large proportion of this.
The bond market was also very
dull, and price changes were small and
mixed as in stocks. United States IS
coupons declined II, and the old As reg
| IA, while the old As coupons advanced u
| in the bid price.
! STOCKS
The following were the fluctuations of
| the trading railway and Industrial shares,
| furnished by c. H F. Smith & Co. mem
bers of the New York stock exchange and
| ChicaPn hoard of trada.