The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-08-22

NEW YORK, Aug. 21.-There was a
DatlIe royal between the bulls and the
pears on the stock exchange TODAY The
pul!s had somewhat the advantage Of
position, as they were entrenched be-
Lihd Iarge and we'll distributed demand
tor STOCKS OF all varieties. Commission
mousse business on a very large scale
ana the movement of prices in the ma
!orlty or the list was varied throughout
the day, realizing going on in a liberal
way at one portion of the list, while
prices were marked up in another. One
or TWO stocks showed conspicuous
strength, but the tendency to advance
IN the railroad list was surprisingly uni
form, and took in all grades of stocks
from the highest to the low-priced is
sues. But there were spots in the indus
triaf list which proved exceedingly vuI-
nerable, and the fierce and persistent
determination with which the bears raid
ed these resulted in wiping out the ma
Jor1ty of gains which had been achieved
IN the railroads, and reducing practically
all that remained to fractional limits.
Brooklyn Transit suffered the severest
attack from the bears all day long. It
was offered down through successive
stages each drop bringing out a deluge
Of long stock and uncovering copious
stop loss orders. The success of the
bears with this stock encouraged them to
the extent OIL their attack to other mem
bers of the so-caFled Flower group.
They forced down International Paper an
extreme points, and Federal Steel suf-
fered to the extent of Is. Peoples Gas
lost over points, and Rock Island a
point
The extent of the decline invited hasty
covering and there were rallies of 2
points in the group. Manhattan, Metro
politan and Third Avenue showed wide
i1rlin
first two named. Sugar was also vulner-
able after an early gain of a point and
dropped nearly points. Steel and Wire
showed a markedly dropping tendency
and other iron and steel stocks were also
heavy.
The influence of this weakness on the
railroad list was acceHtuated by a late
marking up of call loans to 31h per cent,
after having ruled at and below during
the early part of the day The fact re-
mains that a large portion of the days
business in the railroads was done at
prices above Saturdays lever. There
was enormous absorption of stock from
the opening in spite of the rather heavy
tone reflected from foreign stock ex-
changes from the disorders In Paris, an
nneasiness over the political situation,
and the spread of bubonic plague. Ten
nessee Ccoal rose to par in the first
few minutes. 1t went back during the
day to 81, but closed at SO. Louisville
continued in active demand.
The low-priced stocks, notably Denver
& Rio Grande and Norfolk & Western,
exhibited good demand, and the organ
lied buying of Southern Pacific was con-
tinued This stock was held back by
realizing, and did not at any time rise
more than a small fraction over Satur-
day. Stocks of railroads in Colorado
were uniformly strong on the improved
conditions in the mining industry of that
state. Atchison preferred, the grangers,
the coalers, Baltimore & Ohio stocks and
Union Pacific were in large demand
Very little remains of the early gains
in these stocks which, in many cases,
reached point or other. American To-
bacco ends with a gain Of points. There
were a number of obscure stocks which
showed strength during the day.
The bond market showed increased
activity in sympathy with stocks. There
were conspicuous gains i'll Southern Pa
cific As, ColoradoMtd is, and Atchi-
son As Total sales, par value, &,12S,000.
United States IS advanced Is 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 hoard OF trade: