The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-07-25

WALL STREET, July 24-Those who
nave sought to read in the recent stock
market a reflection of general conditions.
outside, Were still further COMPOUNDED by
the course Of today's market. The weak
ness, which showed progressive develop
ment during the day, could not be ade-
quately accounted for by anything in the
news Of the day. But as the results of
efforts by professional spectators to
take their profits without any demand
for stocks to absorb the offerings, the
days movement was capable of explana-
ton: Efforts were made to sustain the
market in the morning by manipulation
of a few of the specialize especially
Sugar and Tobaccos.
Later in the day Tobacco was exclusive
~ relied upon as a sustaining influence
and finally that stock. after having been
pushed up nearly points, dropped back
more than 2 in the general weakness with
which the market closed. Tobacco's net
gain Is 70, but all Of the earlier rise in
sugar was wiped out Many stocks show
losses of point or upwards, for the day.
mere was realizing in evidence from
the opening, but the first point of acute
, Meahness IT, TO develop was in Brooklyn
transit: Inc. recent advance in this stock
mas evidently been in antieipa ton of tha
favorable decision announced Yesterday
or the right of the seompany to cha
! zen cents fares to Corey Island, and real
ring was very large during the day The
Iast price today was Sc, compared with 60
rate yesterday afternoon. For the rest
the market showed the result of q manin
t 11alS ga ADVANCE IN the growth to rather
lop-heaVy proportions Of a long interest
anxious to realize. At the same time. the
recent forced covering of shorts left the
market without support from that source
~ oouDeless the most potent influence in
tne reaction was the portentious growi
emitted by the recognized recent bear
leader from his European retirement IN
an interview. The outside interest In the
market proved wholly 4nadeouate To al
serb the offerings to realize and a ranidi,,
uecLning scale of prices was the natural
result There wasTca feeling OF douht
aroused In the minds {ef SPECTATORS by
the general skeptictsmT expressed Nv nu6
ne commentators over yesterdays rise
Wnlcn was universally attributed 70 arti'
helaf manipulation 10 81 u.
- ne weekly report Of the weather bu-
reda on the cropsf Showing the Iecl, ~
moisture In the corn belt caused renewed
aatPprehensions regarding that cron ana
ingly. zfeef S'uitereo accord
me non-engagement of gold for -exnor+
yesterday, which caused some faeJinp -
relf In the then optimistic rI1oad of 60 %
I UiiatiDrs, gave place Joday to a fresh CON
ninant 't ns large outgo Of gold is i'm
ii IA zen and that ajtper4od of strineencv
~ III -tne money market later In the sllTnroey
can hardly be avoided q - --
ndteS OF sterling in New York wera no+
ae1P1Ited ,hrm, and sterling advanced Az
i i+uuiGiolldi traction in Paris. But caii
loans and discounts ( both 3s,vsr ca,5 csi ~
nosn99on' and exchange houses are. 81 tt ,i
Tbbinlon HAT the gold will go to paris one nr
tr ane9e mere :, few large Individual
generally continued duh ana me irr market
s s4tai sales par value; s1.o90OOo Tn Thr
1 H2ldreS 9ld IS coup. and new As deciJned
So STOCK QUOTATIONS.
Furnished by Charles II Z,
c 20, members of the New York Sfo nikn 20, q
dirsa{ sieneer Press building: VIC hs "a
S GInW Wires to Chicago and New Y Wa