The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-08-29
bulls HAD IN inning
But THEY FAILED TO GET PRICES
ABOVE MONDAYS CLOSING
POINT
CHICAGO MARKET CLOSED
Brokers Watched the G. A. r.. Pa
rade-Wheat at Other Points
Closed Unchanged to
Fraction Higher.
CHICAGO MARKET CLOSE,

NEW YORK, Aug 2S.-The accuTauia-
ton of short interest during the steaoy
decline which had continued for rather
more than week, ottel@3 an SppotttIli++
tN today for turn h. the bulls against
the hear interest. The demand Tor shorts
proved sufficient TO check tie declining
tendency which was in evidence in the
early dealings and to brini, prices back
to about last nights level. There the re
covery stopped, and prices dropped again
III the final dealings, making the close
heavy and iethargic. The market cont1n-
Ued exceedingly narrow, ana the VoIln1S
of business fell below yesterdays ZOo0Ug
share level. The bulls found material
for their brief turn in the railroad earn,
tngs reported for the day, IN a reversal
OF the disCourAging tenor OF YESTERDAY, ;
rumors regarding the sugar trade, ana IL
the declaration of a semi-annual dlVldeno
of per cent on the preferred STOCK Oh
Chicago, Indianapolis & Louisville. me
bulls made the most Of the lncldent ana
put the preferred stock up T72 points ail9
the common ~. There was continued
pressure against Sugar in the opening
dealings, but the stock rallied Us or O
correction in the European sugar CABLES
showing a rise instead of q. decline IN
the price Of raw sugars. This was taken
to show that American ref1ners Were
again in the market as purchasers OF raw
sugar, and to indicate that the season OF
active business for refining would extend
beyond the usual period this year.
Rumors were circulated that IN conSe-
1uence the di.-idend on Sugar would be
increased but the demand for Sugar Ger
tiicates was satisfied with the covering
of the short interest, and the stock closed
with a gain of only %. The statement ;or
July of the Atchison system was also
made tie most of by the bulls. Net earn
ings increased more than one-th1rd over
those of last year, notwithstanding
slight Increase in operating expenses
coTapared with a decrease in operating
expenses for several months past, ne
anthracite coalers showed some neaYl-
ress on fears of labor troubles. American
Hoop preferred weakened sharply, out
pretty steady on the favorable reports OF
the trade outlook Brooklyn Rapid IRAN
elf advanced on covering, but eased or
AFT the last There were wide movements
in a few Individual stocks which Wero
unexplained by any news. me money
market continued to beneht py tue ia
demption of the United States extehQeu
Pacific coast. Sales were not quotaoiy
changed Discount rates hardened IN
london, while sterling exchange, never
FheIess. continued easy, as was the case
Yesterday This contradictory movement
caused some puzzled conjecture In eX-
change circles. The volume or IneTchaII-
disc exports from New York Tor the week
~ S19 195 goo. an increase Of $6,2T796S over
iast week may offer the explanation
There was no feature in the bond mar
l,at and the price movement continued
5TrscuIar. Total sales. par value, S64o GU
Unified States IS declined per cent In
the bid price.
STOCK QUOTATIONS.
FURNISHED by Charles H. F. Smith &
70 mem bers of the New York Stock eX-
change, Pioneer Press building, who have
6irecf wires to Chicago and New York
Closing prices are bid;