The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-08-07
CLOSING WAS WEAK
RUIIoR THAT GENERAL STRIKE
ORDER WOULD BE ISSUED
AFFECTS STOCKS
TRADING WAS MORE ACTIVE
Market Opened Strong and nj High
er Prices, Closing Losses Leav-
ing Prices Practically
Unchanged.
CLOSING.


%-Ai Tuesday Mon
Call money, New York. 2-2j% 2-2%
NEW YORK, Aug 6.-General condi-
tons Independent of the strike situation
received more consideration TODAY than
for some time and were reflected IN
higher prizes for securities. The absence
during the greater part of the day OF
any sensational strike news. combined
with the support Which the United States
Steel stocks received after their opening
weakness, also aided the Improvement,
ThSe conditions underwent radical
change IN the mai dealings, when a re-
port was current that orders for a gen.
eral strike of the steel workers would De.
issued tonight. The professional oDera-
tors promptly put out large short lines
points in the most prominent stocks.
The market in detail showed a pretty
STEADY tone from the outset, the Setbacks
which were forced by realizing being
both accounts, and evidence of inside
support London-s attitude was regarded
with some interest, but arbitrage opera
tiOnS proved small and were yithoIit in
huence , News from the crop regions
was more encouraging, and was supple
mented by the weekly government cron
report, which indicated improved condi-
tons at important points The outIook
for a large crop of spring and winteI.
wheat, in addition to some exceptional
railroad earnings, helped to sustain
prices OF the latter Southern Railway
and Missouri Pacific systems showed in.
creaSes of $113,952 and $277.Gg0 respectively
for the fourth week in july The gafTt
for the month of July in gross earnings
by the Great Northern of $415750 indI-
Gated the volume of wheat Wnicn is now
being moved to the seaboar I'd to meet tht.
heavy export demand and the h CHER price
OF the cereal today prompted a better de-
mand Tor the Wheat-carrying roads. ST.
Paul led this division with a gain at one
time of 25s touching 1577s on the other
hand, Atchison spurted up almost as
much when corn displayed continued
heaVineSS. support was noticeable for
stocks which were especially weak yes
terdaye these including the Eastern trunk
lines, Sputhwesterns, fractions and Pa
cIilcs, where improvements had been
made OF ! to 80 per cent. Sugar felt
an early resumption of Yesterdays weak
ness. but after losing a point sold up L.
All these gains Were considerably reduced
during the late selling movement and net
gains WeTe limited to fractions. Trading
In the Steel stocks was comparatively
light, and there We're not many large in
dividual blocks But 5000 shares We're
dealt in at the opening at a gain of IA
per ceHt,Fhe stock soon yielded "a be-
low Yesterdays close, but later on got 7s
above, anG ended unchanged for the day
PrcSsuFe was noted against the preferred
right from the start but after losing
4 it got * above yesterdays final fig
ures, and ended with a loss of g. Money
rates ruled easy today and the chief feat
ure of this department was the debit OF
81. 392, 1873 by the sub treasury at the clear
ing house. this morning on account of
drafts dnawn against gold at Pacific
points en- route from Klondike Foreign
exchange rates were firmer today. De-
mand bills bring $4.877s, with the demand
only moderate. There was some talk of
the likelihood of gold exports to Ger
many later in the week, which. if made.
would be a special transaction and have
no bearing on current conditions. The
closing Of the stock market was weak,
with business in increased volume Rail
road bonds We're quiet today and the
price movement irregular Sales, par
value, $l0I5,000. United States bonds
were all unchanged at last call