The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-08-05
DEALINGS WE'RE CONFINED
LARGELY TO A FEW OF THE
PROMINENT SPECIALTIES
REALIZING WAS IN ORDER
This Kept Gains Down to q NOM
inaI POfnt-New York Traction
Securities Showed Weakness
Some Depression Rejected From
London, Owing to the Prospect
of Bearer Money There.

NEW YORK, Aug. 4.-Today's market
was largely devoted to dealings in a few
industrial specialties. Under cover of the
strength in few industrials there was a
marked tendency to realize in the rail-
road list but the selling pressure there
was not heavy, and offers decreased as
the market declined. Union Pacific was
mors of strike on its lines. The stock
broke IL and closed at a net loss of a
point The preferred declined q.
The chief movement of the day was In
Tobacco stocks and Tennessee Coal,
American Tobacco gained an extreme
points, Continental Tobacco go, the
preferred 5A and Tennessee Coal 212
Late in the day the prices of these were
suddenly let down from IA to 21a points,
apparently with the purpose of shaking
off weak followers of the bull movement
A rumor of a great combination of coal
and iron interests in the South was add
ed to those recently current to explain
the Tennessee Coal movement. The Wig
orous advance of this stock got some
sympathetic strength in other stocks in
the same industry. Colorado Fuel, Hook
ing Coal, Federal Steel, American Smelt-
ing and number of other stocks ad-
yanced from a fraction to over a point.
Peoples Gas was up at one time over a
point on reports of the cOmpany's pros
porous condition. There were gains in
isolated cases elsewhere, notably in ST.
Paul & Omaha, Chicago Great Western
preferred, Pittsburg & Gulf, P, c., c. &
st. l.. common and preferred, National
Biscuit and New York Air Brake ranging
from l to 315. On the other hand, Sugar
was heavy most of the day on account of
the shading of prices in some grades of
refined sugar.
The local traction stocks showed weak
ness throughout and Consolidated Gas
lost 31A net. Rock Islands June state
ment, showing an increase in the surplus
after charges of nearly $97, 900, compared
with last June, failed to hold up the
grangers. The reported large demand for
grain for export was equally ineffective,
and this group and Atchison preferred
drifted downward.
Some depression was reflected here from
London on account of the outlook for
dearer money there, and there were some
reports of money troubles in Berlin. Ster-
ling exchange here was weak, posted
rates falling " and actual rates "a for
short bills and as for long sterling. Anx-
iety is felt over tomorrow's bank state
ment. There was nothing in the money
market today to indicate easier condi-
lions, the bulk of the loans being made at
4 per cent. The coming holiday in Lon
don and expected dullness in New York
prompted the closing up of many ac-
counts Today's speculative leaders
closed feverish and unsettled but the
general tone was firm at the last
Kansas City, Pittsburg & Gulf lists rose
312 per cent. There was some activity
in mortgages of Southwestern railroads
and in Rope & Irvine incomes at mixed
changes. Total sales, par value, 81, sos, 0OO
United States As advanced Il and the SIS
Is in the bid price.
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: