The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-08-19

NEW YORK, Aug. 18.-Today's stock
market was active and strong, the deal
ings were remarkably well distributed
and the strength was more generally diff
fused than at any time during the week.
There was an evident accession of outside
interest in the market in the shape Of
orders through commission houses, as
was to be expected after the sharp rise
of the last few days. Prices were pretty
well marked up at the start, and selling
to realize was on quite liberal scale
after the opening hour. The offerings
were well absorbed, however, at small eX-
pense to values, the market being sus-
tanned meanwhile by the notable upward
movement Of some unusually obscure
stocks.
After this realizing had been digested
there was a breathing spell, and prices
then mounted to the best of the day. In
the late afternoon, however, the burden
Of realizing overcame the market and
prices yielded all around. A number of
the recent leaders lost practically all Of
their earlier gains notably the Balti-
more & Ohio stocks, Southern and Cen
trail Pacific and Southern Railawy pre-
ferred, which rose early from l to 2
points. The high-price specialties and
the stocks of local corporations were SUBJ
jected to renewed bear pressure and
showed notable declines, and especially
IOpdCCO anu SOnSOlludlSQ 0dS, WHICH QS-
clined 212and 8 points, respectively. A
fraction was knocked off prices all
through the list, and net gains in the
general list were brought below a point.
A very substantial rise in prices remains
nevertheless, gains being quite generally
diffused through the list.
The grangers and Pacifics, the South
westerns, the coalers and a number of
soft coal roads all have gains to show
approaching a point. Louisville contin-
ued to be taken on a very large scale
and was pushed up at one time to BIZ
Southern Railway preferred declined on
realizing with the publication of the diYi-
dend announcement and the statement of
finances of the year. Minneapolis & St
Louis made brilliant advance of 6ss, the
second preferred rising 215. Iowa Central
preferred, the Evansville & Terre Haute
stocks, the new Hooking Valley stocks,
Hooking Coal and Illinois Central were
some of the usually inactive stocks
which gained notably from l to 81. The
Iron and Steel stocks Jagged throughout
except Tennessee Coal, which moved up
ward again to near the high point
Late reaction was partly due to the re-
vulsion in the sentiment of confidence
over the money outlook, in spite of the
fact that call money worked lower to-
day. The known movement of money for
the week indicated a net loss in cash to
lllS po4IhS VI over SiUO,UUU- Last week S
large gain in cash is now generally at
tributed to some special operation, and
some anxiety is felt lest the hidden
causes which drained the cash account of
the banks on previous weeks may have
been again at work. The ease of money
In New York continues to be due to Of
ferings of outside funds. London bought
stocks in this market today, and the fact
that London exchange would be closed
tomorrow had some influence on the late
reaction in prices here The market
closed rather heavy, with only few
stocks marked up a fraction in the final
dealings.
There was avery large demand for
Southern Pacific As at or above 81. The
Southwestern mortgages as a rule were
strong and prices generally were higher.
Total sales, par value, SO. 755, 900. United
States old As, coupon, declined y in the
bid price.
STOCKS.
The following were the fluctuations of
me leading railway and industrial Shares.
Iurnlshed by c. H. F. Smith & Co, mem
Ders OF the New York stock exchanges
ana chicago board of trade: