The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-08-22

-N' AOAA' Iz4Wl12 iAUl7z
( NEW YORK. Aug. 21.-The stock mar
| ket was narrow ttodaz, ztfe, only Incl
uents OF note being the movements Of
LondOn's weakness
Sugar was depressed on the strength of
a ,reduet1on IN coffee prices, which was
taken to Indicate a possible resl1mntion
Of the trade in American sugar refining.
In maintenance of similar prices with
consumers. The stock went off IL per
cent on the offering Of some large
amounts. A continuance of the recent
pear campaign against Peoples Gas &C
counted for its's point fall. Small de-
cilnee IN railroad stocks were in sympa-
tny with London and reports of unfavor-
able conditions in crop districts. R11si-
ness was only mode ate during the sell
ing, and as liquidation was not forced
Inc shorts commenced to cover. Before
the forenoon expffed prices were on the
memo and there were indications of con-
hdent buying in spots. Rallies were
most pronounced IN the stocks which
had suffered most earlier and the gen
eral level was lifted above last night
conspicuous strength was shown by
Brooklyn Transit, Manhattan and Con-
SoHdated Gas, the latter rising 2A per
cent from the lowest New Jersey Cen
tral then assumed a commanding posi-
ton in the market, rising 81 per cent to
1912, which is a record price in its re-
cent upward movement.
Revived reports were current of its
PLopdDle absorption by the Baltimore &
Ohio railroad, in the interest of the
pennsylvania, the latter being credited
with the dominant influence in the man
agement of the Baltimore & Ohio No
corroboration of the report was had up
70 the close of business, nor statement
mat tnat an advance in the coal issues was
imminent Co-incident with the high
Price registered for New Jersey Central,
the July statement of earnings of the
road We're reported, Showing a decrease
IN gross earnings of bnly So, 1o4, but a
reduction in net e6rififigs of s26. $50 This
showing and realization. forced the. stock
on 60 I36 at the close Reading 1st pre-
a any Mas the only otfer coaler teshow
Central, the stock rising H. per cent
and retaining the gain,
WhiIe the speculation in these stocks
was largely neglected and showed no in
cllnat1on to rise above-the level record
ed about noon. P4ifs circumstance cans
ed small offerings all around in the final
HotlT ana the market. Welded, closing easy
In tone With net changes generaIIv a
snall fraction either Way A feature of
o9e closing dealing the rapid advance
o. 31e points IN Snf Joe and era I'd
! Island 1st preferred, (which was unex-
LONDON operations in this market were
UNI uIllInlR POI but Consisted OF, salesof a
rev thousand shares Oh Balance None
taTYs conditions abroad showed a further
relaxation, discounts at London declin-
ing ana exchange on London at CONT
1to a,iad4 points alSo yielding In the local
market money! rates We're. unrufled. with
borrowers described as being in an in
dependent position. -
BUSINESS in bonds expanded today. and
mere was an active demand for st. Louis
southwestern 2ds, which advanced them
p per cent The. general market was fr,-
regular but variatipns. We're slight. To-
a. sa44es, par value S. lis, 900 United
osaI les rerunding IS when issued declin-
ed "A per cent and new As -adVanceb IL
per cent in the bid price -
20 sFOcK QUOTATIONS.
Furnished, by Char Is 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 abi9rxtizs = - -ts