The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-08-16
STOCKS GB|N STRENGTH
DISTINCTIVE BROADENING of THE
MARKET LEADS THE PUBLIC
TO PARTICIPATE
MONEY RATES STILL EASY
Sentiment Abroad More FavorabIy
Inclined Toward American Rails
Bonds Had Decided Up
ward Tendency.

Close. Day.
! Bar silver, New York. ...... 81 G1h
Call money, New York 80. .1A@1h TX
NEW YORK, Aug. 15.-Today's stock
market was in many respects a counter
part Of the early trading Of the week.
There was, however, more uniformity
to the advancing tendency, exceptions be-
| ing limited to only a few stocks. A dis
! tinctive broadening to the dealings
aroused optimism in some quarters as to
possible early participation in the mar
ket by the public. Some of the COM
mission houses reported increased orders
and stress was laid upon the prominence
Of the dividend paying railroads in the
rise. As an Offset the bears dwelt on
the depletion Of New York city bank re-
serves, consequent upon the gold ex-
ports, and the usual contraction in gen.
eral business In q presidential election
season.
While the banks statement on Saturday
will have to reflect upwards of 81, 900, 900
gold shipped 1t is expected that the loss
in the surplus reserves of the banks will
be largely offset by the receipts Of gold
from Pacific coast points. interior cur
rency movement and gains from the sub
treasury. The latter institution will
have to disburse to the banks later In
the week some $20.000,00O through the re-
demption Of the old government twoS.
Money rates here today continued easy,
but an easier tendency was noted in dis
counts in London, which caused long
sterling bills to harden here, and the
posted figures were marked up half
cent. 1t is stated that further gold ship
ments at profit are impossible at cur
rent rates for demand bills. $4.8715, the
Bank of England having withdrawn its
interest allowance for gold in transit.
The stock market in detail showed con-
spiciuous strength in many quarters, with
the tendency for special stocks Influenced
by rumors. For example, New Jersey
Central jumped over five points on re-
ports of a change of ownership of the
property and favorable developments in
the anthracite coal trade. Other coal
stocks sympathized, but the late reac-
ton reduced their gains to fractions out
side of Delaware & Hudson, which closes
"a higher. In Atchison positive asser-
tons for and against the payment Of a
dividend on the common stock were
heard which lent, interest to the move
ment in the shares. Brooklyn Transit
spurted up 2 points on the reputed IA
vorable character of its pending annual
statement, but the announcement late In
the day that the report would not be
published for several weeks wiped out
pretty much all that rise. Operations
in the steel group were within rather
IldrTOW anu tIl0y ClOStu SOlIleWHdI
off on bear pressure due to another de-
cline In warrants.
Railroad stocks. particularly the grang
er group, received good support, but they
suffered in common with the general list
In the selling movement towards the
! close. At intervals today individual
groups were singled out for an advance,
and as the room traders generally fol-
lowed Wihatyappeared to be good buying,
other stocks received less attention, and
usually lost ground. Sugar. Peoples
Gas and Consolidated Gas were COM
spicuous features In the market at diff
ferent >Smes, but in only the latter was
there any material effect left of the de-
mand a net gain of 3R points Being es-
tabHshed Sentiment abroad was said
to be more favorably inclined toward
American rails and London took almost
q, 900 shares of stock. Proft-taking was
INDUCED In In the late dealings and the
market gave. way all around, ending I'M
der pressure
Mbre business was transacted In rail-
road bonds today than for some time,
and there was decided upward tenden-
cy for some isues, particularly Atchison
adjustments. st. Louis Southwesterns
Is and Wabash debentures. Total sales,
par value, 100000 United States new 4s
and the IS advanced " in the bid price.
STOCK QUOTATIONS.
Furnished by Charles H. F. Smith g.
Co., members of the New York Stock ex-
change, Pioneer Press building. who have
direct wires to, Chicago and New DIRK.
Closing prices are bid: