The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-07-24
STOCKS RATHER ACTIVE
UNEvENNEss OF THE MARKEr
WAS, HOWEVER, THE PRE-
DOMINATING FEATURE
PRICES ADVANCED EASILY
There Was Some Accession of Out
side buying to Act as a Reliance
for Absorbing Stocks at a
Higher Level

Call money, New York ............. N eS11a
NEW YORK, July 2s.-The influential
interests which have taken the leader
snip IN the stock market continued their
eIiorts today to make rising market
with the object OF inviting public buying
They were not discouraged by the icy fail All
IRE or outside interest to develop on ac-
count Of last weeks advance, and they
resumed their bullish manipulation from
the opening this morning.
There was not much difficulty apparent
! IN advancing prices, nor did any obstruc-
ton appear in the shape of larger vol
leaders deity turned their attention to
! stocks whose upward movement was cas-
Ter. AS the long interest has not yet
reached large proportions, and as there
still remains short interest whose posi-
ton grows daily more critical, the tech
n1cal conditions favored the advance.
I There was some accession of outside
buying to act as a reliance for absorbing
stocks al q higher level. The appearance
| of this buytrg encouraged the profess
stonal bulls to redoubled efforts. and the
days market as result, gave an ap-
| pearance OF greater activity, and more
strength than on any day last week. This
was particularly true after Sugar had
been checked in it's first reactionary ten
dency, and was found to move upwards
easily on moderate buying. This stock
continued to have a marked influence on
the market and it's reaction in the day
precipitated a movement to take profits
| elsewhere, SO that the closing was easy
at considerable recessionS from the best
The distinguishing feature of the mar
| kets was its unevenneSS, as might be ex-
pected from It's professional and manipu-
| lated character. A few stocks were ac-
| tive and strong, larger number showed
! sharp advances, after lying dormant for
time, so that the very meagre transac-
lions were sufficient to move them. But
! the majority of the list was only moder-
ately active and continued very sluggish,
small net gains being the rule in SYM
pathy in special stocks There was a
disposition to pick some leading stocks
from each group of securities In which
and advance the leader fer erect on their
! particular groups, thus permitting pref
+y much the whole market with a show
| During the course of the day, other
stocks in the several groups responded
more or less to this NARROWER, thus
Thus Tennessee Coal led the Steel stocks
with an extreme advance Of az, but sew
eral of the group responded to the ex-
tent Of point ro or a m tHs dT
but Brooklyn Transit ,took1 the leader
ship of the group with "a rise of 312 on
the favorable judicial decision in the 10
cent fare case. In the grangers, st. Paul
and Burlington rose about points each.
Early advances in Leather, Peoples Gas
and Southern Pacific proved abortive, and
| these stocks were relegated to the PACK
ground. Such recent favorites as Balu-
! more & Ohio and Union Pacific were
notably neglected and were inclined to
| be heavy. -
The hopefulness of the bulls was predi-
Gated on the more encouraging feeling re-
garding China, which was reflected from
abroad, on the confidence that the money
market Is assured of considerable Pc
Rod of ease, and that the period of quiet
in political affairs. is likely to intervene
before the campaign takes on Its more
active phase The absence of any en-
| gagements of gold for export today also
helped the market, as did the favorable
crop news. 49,
I The bond market continued dull and
nrices moved irregular1y. Total sales,
bar value, 81, 2S5, 600 United States old As,
coupon, and new As advanced rs In the
bid price.
STOCK QUOTATIONS.
Furnished by Charles H. F. Smith 8
| 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: