The daily morning journal and courier., 1899-07-28

St. Louis, and Pittsburg and Western
 preferred. These stocks gained from 1
 3-4 for Lake Erie and Western to 4
 points for Pittsburg c. c. and St. Louis. | The marking up of Sugar an extreme
 1-2, to 159, and the rise in New York l Central to 140, helped on the movement | and the general market rose above last nights level. Quite an active demand
 sprang up also for the grangers, which
 lifted Burlington over point. The activity of the market did not by any
 means however, become general and
 gains were not at all uniform. There were successive developments of
 strength during the day and the market offered a firm resistance to the early ef- forts to depress it. The traders were bearish in the early part of the day ow-
 ing to the continued obstinate refusal
 of the market to advance. But finding
 it equally disinclined to recede. they
 turned to the long side, encouraged by
 the strength of special stocks. The
 movement in Rock Island and the
 southwestern stocks showed some dim
 mutation under profit taking sales, Kan"
 sas and Texas preferred retaining the
 greatest show of strength and advanc-
 ing over a point. Sugar also showed an
 advancing tendency from the first and Louisville and Nashville, which sold ex-
 dividend of per cent, regained 1 3S of that amount. There was a midday advance in the Tobacco stocks, which helped on the upward movement, Con- tinental common rising 3-4, the pre- ferred and American Tobacco point. The Mating stocks recovered smactly from yesterdays prices and Lacledc Gas jumped 3 1-2 points.
 The developments i'll the money mar ket beget increased confidence. Yes terday and to-day there have been large loans made on time on the stock exchange, from which it is argued that operators feel the possibility of a de- mand for money that may stiffen call rates and desire time loans on the se- curities, which they are trying to hold for long pull The fact that the Bank of England did not increase it's discount rate to-day served to lessen anxiety on the money question and the weekly ex- hibit of that institution showed that the open market had been able to reduce its loan obligations to the bank very heav- fly. The sharp fall in French rentes and reports, afterwards denied, of a | political crisis in that country were | without much effect in the local mar ket. The money market here was some | what relieved by the transfer of funds | from the sub-treasury to the banks on l the. payment for the new custom house 1 site in New York and it became known | that the government had ceased for the | time being it's weekly withdrawal of de- posits from the New York banks, which have been at the rate of $1,00o,000 a week for some time past. June state lnents of net earnings completing the fiscal year for a number of railroads were favorable factors, especially that of St. Paul showing an increase of Sl,- 359, ,69S in the net for the year.
 The bond market did not show much response to the awakened strength in the cotton market and fractional de- ,lines were the rule Total sales, par value, $1,610,000.
 United States new fours registered declined IA and the old fours registered md the fives registered Is in the bid orice