The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-09-06

NEW YORK, Sept 1.-The buoyancy OF
a handful of individual stocks gave an
appearance of considerable strength and
activity to the stock market, but outside
o. these few stocks the market was mar
row and apathetic to the last degree.
Shortly after tie opening Northwestern
was marked sharply, and the usual re-
Spouse was made in other members of
the Vanderbilt group, Union Pacific (ol-
lowing the lead:
AS was the case last week, the heavy
offerings of Union Pacific brought out
on the advance checked the enthusiasm
of the buying and operations in that par
ticular group We're for the most part dis
continued. Northwestern's extreme rise
was AIS, the preferred eight points above
the previous sale, Omaha 2, New York
Central and Union Pacific over a point.
New York, Chicago & St Louis stocks
advanced from 112 to points on rumor
that judicial aid was to be sought to en-
force asserted rights to dividends.
The coalers were in good demand, Lack
awanna leading with a rise of 49,. Calls
in this group were not maintained en-
tirely Other railroad stocks which rose
a point or over were St. Paul preferred,
Colorado Midland preferred, Wheeling &
Lake Erie second preferred, Hooking Val
ley and Chicago Great Western preferred
A and B stocks. Transactions elsewhere
in the railroad list were quite insignifi-
cant.
There was slight response In the early
dealings to the depression in the London
market. The bulk of the trading was in
the more volatile specialties. Tennessee
Coal was the most conspicuous figure in
the days market. After dropping a frac-
ton, it was aggressively lifted by sue
cessive stages nine full points, and closed
at 10S, the top price. Colorado Fuel ap-
parently sympathized with it's movement
and rose an extreme 5$s. There was
good demand for Republic Steel at an adj
vance of 215 and Federal Steel rose a
point. Otherwise the iron and steel stocks
showed but a slight response
The New York municipal stocks, tnclud-
ing beth the gas and traction stocks, We're
quite buoyant and show gains of from
to 5 points, the latter Metropolitan Steel
Railway. American Tobacco rose an ex-
IRENE points and Sugar 15s. Chicago
Terminal Transfer preferred gained 2.
Rates for call loans were firm at 8 per
cent or over, and the first deposits of
money at the subtreasury for shipment
to the South, amounting to 100000, were
made this morning. The decline in the
item of due to other banks in the
statement of New York national banks is
cited to explain in part the recent drain
on the deposits of New York banks A
cotncident Increase in the same item of
the Philadelphia national banks indicates
that outside banks have transferred their
deposits on large scale from New York
banks to other cities. The explanation
in the rule of New York banks to other
is the rule of New York clearing house
banks lately enforced, to charge for col
lection of checks from outside points,
The announcement last week of the with
drawal of a prominent trust company
from the clearing house privileges, with
decision to discontinue the practice OF
charging for the collection of outside
checks, has brought the subject prom1-
neptly into notice. One effect, evidently
will be to shift part of the demand for
money to move the crops from New York
to other cities, which have increased their
deposit account by the deposits of East
ern and Southern banks
The bond market was quiet and changes
were small and mixed. Total sales, par
value, 81, ass, 00O United States bonds were
unchanged in bid quotation.
STOCKS
The following were the fluctuations of
the leading railway and Industrial shares.
furnished by G. H. F. Smith & Co. mem
bers of the New York stock exchange and
Chicago board of trade: