The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-07-27
LITTLE CHANGE NOTED IN THE
DEMAND OR IN THE CHANGE
OF VALUES
SOME SHOW OF STRENGTH
This Did Not Last, However, and Sc
curitfes Soon Dr1fted Back Into "a
Condition of Waiting and Uncer-
tainty-There Were Some Breaks
in SpeciaIties, but Railroads
Were Not Affected.

NEW YORK, July 26.-There was not
much change in the character of the
trading in securities today. There was a
period when the market made some show
of strength in sympathy with an upward
movement in a group of individual stocks,
but a violent slump in American Malt
ing was sufficient to put an end to the
rise and wipe out pretty much all of the
previous gain. General Electric rose 112c
on the opening quotation, Pennsylvania
showed signs of strength early and there
was a conspicuous absorption of Rock
Island, which was attributed to the OPP
GRAFTON of pool. Buying from the same
source was supposed to account for the
advance of 1% in Peoples Gas and for the
vigorous upward movement in the Gould
Southwestern stocks. The ST. Louis
Southwestern issues were the most con-
spicuous as to activity, the preferred ris-
ing 115 Kansas & Texas common adj
Vanced nearly a point, the preferred
about points and Wabasha preferred IA.
At the same time, Chicago & Eastern
Illinois jumped g points. Wall streets ex-
PLANTATION was that ST. Louis Southwest
ern was to be acquired by the Chicago Sc
Eastern Illinois and the combined proper
ties then absorbed by Rock Island.
President Edwin Gould authorized a de-
NAL that he contemplated selling his
holding in st. Louis Southwestern. Ut
terances to the same purpOrt by Rock
Island officials were published. About
the same time came disclaimers from the
Ogden Gas company interests that they
contemplated selling out to Peoples Gas,
and Peoples Gas lost practically all of its
gain.
There was a violent break of 8A in
American Mailing preferred, and 224 in
the common, which completed the I'M
settling of the market, and prices drifted
away to the lowest of the day and were
not much affected by a squirt in the late
dealings in Lake Erie & Western, which
rose on the common 116 and in the pre-
ferred points American Car pfd was
also marked up ~ New York Central
was decidedly heavy all day and lost
over a point net. st. Louis Minneapolis
& Sault Ste. Marie common was con-
spicuous for a rise of IA and the pre-
ferred advanced a point.
The money market was inclined to
firmness and there was some calling or
loans which necessitated shifting,
though no great difficulty was found in
securing accommodation. Much doubt
still felt as to the extent of the demands
which will be made upon New York to
move the crops Discount in London was
further advanced and the Bank of Eng
land continued to buy gold In the open
market besides receiving consignments
from Germany. Sterling exchange in
New York responded with fractional
decline
The Southwestern railway mortgages
showed some strength in sympathy with
stocks, but otherwise bonds were dull
and rather heavy Total sales par value
81, 625, 600 U. S. SIS coup. declined Il, but
the new As reg. advanced Il and the old
As reg. IL in the bid price.
STOCKS.
The following were the fluctuations Of
the leading railway and industrial shares,
furnished by c. II F. Smith & Co, mem
bers of the New York stock exchange and
Chicago board of trade: