The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-08-11
STOCKS WERE Stronger
=
DEAD LEVEL OF sTAGNATIoN IN
MARKET HAS FOUND SOME
RELIEF
NORTHWEST WAS A LEADER
q 20
Advance in Price of Gold Bars and
American Eagles by Bank
of England Caused Gold
Shipments.
NORTHWEST WAS A LEADER

CdH money, New York .......... IL 101M
NEW YORK. Aug. 1O.-Yesterdays
dead level of stagnation in stocks was
slightly relieved by one or two features
IN today,s market. The strength in spe-
c1aI cases had sympathetic effect in
the narrow general market and earlier
weakness was overcome, but the advance
generally stopped short at about last
The exception was Sugar, which ruled
above last nights level ali day on OBJ
erations by recent bull managers in the
stock. There was no news to explain
the movement, but the stock became
fairly active in the latter part of the
day and rose 23s over last night, at which
price 1t closed. Brooklyn Transit was
inclined to advance on renewed promises
or change IN the control of the active
management. There was continued buy
ing, of Chicago & Northwestern, after
rising 13s over last night, while the pre-
ferred gained 21z over the last sale on
single transaction. The buying order in
the stock Is said to be for investment &C.
count based on the financial strength ex-
htbited by the company in its annual
statement. Efforts were made to check
the downward movement in National
Lead preferred, by authorized denials of
yesterdays rumors that bond issue is
imminent but the stock slumped badly
in the last hour, falling an extreme Az
1 from the best. st. Paul was sold down
a sharp fraction In the morning on the
large decrease In gross earnings report
ed for the first week IN August. The
stock recovered and was unchanged at
the close
The engagement of gold for tomorrow,
which amounted to 50, $50, 600, seemed to be
without influence on the market, prob
ably because the amount will not figure
IN tomorrows bankEsta tement. The ex-
ports were due to the Bank Of England's
advance in the price Of gold bars and
American eagles, which made gold ship
ments feasible, In spite of a fractional
decline In sterling exchange. None Of
the engagements was due to syndicate
operations for payment Eof the British
bond subscriptions. 3 The outward de-
mand Of gold for the week Is thus brought
to over So, 900 600, only $500, 900 of which
Will figure in the bank statement. IN
GLIDING the payments by the banks for
lowing for payments by the subtreasury
of drafts for gold deposited at Pacific
coast points, the banks have lost to that
institution $2,16OOOO. y Although the ship
ments by express TO the interior are
larger than last week. fhe banks have
that their net losses IN cash are estimat-
ed to be less than 100000. If the re-
cent movement towards loan expansion
on sterling collateral has been proceeding
this week, there will be an increase In
reserve requirements, which may add to
the eneroachment on the surplus.
There was nothing of Importance in
the bond market. Total sales, par value,
$685.. 900. u. s. ref, Is, w. i. IS and old and
new As declined u and the 5s Is in the
bid price.
STOCK QUOTATIONS.
Furnished by Charles H. F. Smith &
Co., members of the New York Stock ex-
change, Pioneer Press building. who have
direct wires to Chicago and New York.
Closing prices are bid: go