The age-herald., 1899-09-07
ST. PAUL HELD
 SWAY IN STOCKS
Free Selling Accompanied Ad-
  vance in the Market.
l TENNESSEE COAL ERRATIC
No Marked Change in Condition oi Money-Bonds Were Quiet With Prices We'll Up and Total
 Sales of $2,367,ooO

New York, September 6ASt. Paul was the central figure to the market today. The publication of the annual report with its great detail of facts and figures, all show Ing extraordinary prosperity, was the mo- tive for the buying, which was very large and which carried the price steadily up- wards nearly points, So wide move ment in a standard stock of St. Paufs character was looked to to arouse some sympathetic strength in the general mar ket. The St. Paul movement in the upper stages of the advance showed some signs of manipulation for the purpose of sustain ing the general market
 There was quite free selling wherever there was notable advance in price and the last hour was given over to an active realizing movement which clipped off half of St. Paul's gain and carried prices gen erally below last nights level. The dump tn call money to per cent induced the realizing. The exceptions were a number or usually obscure stocks which were marked up in quite a sensational manner.
 Tennessee Coal dashed up and down in an cratic manner all day, climbing 912 points in the first hour and dropping again to within points of last night. The feverish donand for this stock is attributed to a large short interest which finds itself OD4!Seu to SettIe With practical corner in the stock, according to the current rumor. This is Well streets effort to explain the movement which seems extra 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 dividends have accumulated and are pay able before a dividend is due on the com mon.
 The movement in Colorado Fuel which reached about four points, was in close sympathy with Tennessee Coal as was that of three points in Hooking Coal. There were rather sensational advances also in Pullman, the Buffalo, Rochester and Pitts burg stocks which gained about seven points each and Colorado Midland prefer red, Southern Pacific and Central Pacific recovered about one-half of their recent decline and the N. & w. stocks and the coalers advanced temporarily, but more than lost the gain. Sugar underwent the same experience, rising two points on the declaration of the regular dividend and then reacting 35s The New York muni- cipal stocks weakened during the day, Brooklyn Transit having declined 2& after an initial rise, and Consolidated Gas show ing a loss of 3A.
 Republic Steel, after gaining 1$, dropped abruptly SIS, and American Smelling was conspicuously weak. New York Air Brake dropped eight points.
 There was no marked change in the con- dition of the money market today. call and time money rates were quite stifay held. There was a further deposit of $50,- GOO at the sub-treasury for shipment to New Orleans. New York exchange at in- terior points indicates pressure on this cen ter for funds Notwithstanding the hard ness of money here, and the somewhat easier tone in London, sterling exchange was firm in New York and advanced a frae- tlon on actual business
 The bond market was quiet. but prieas well held. Total sales per value, $236l GOO. United States bonds were unchanged on bid quotations.
 New York, September 6.-Money on call at 31s to per cent; last loan, at 1 per cent.
 Prime mercantile paper, 4Ad5 per cent
 Sterling exchange firm. with actual busi- ness in bankers bills at $.S65s@4.S61a for demand and a S4S3as@4.SS1 for sixty days.
 Posted rates, S4.S4 and $4.S715.
 Commercial bills, $lS2a4S212.
 Silver certificates, 5S$4d60c.
 Bar silver. 59He.
 Mexican dollars 4712c.
 Government bonds steady.
 State bonds steady.
 Railroad bonds firm.
 By Private Wire to Talbott & Palmer.