The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-08-21

| Gail money New 1 VI
NEW YORK, Aug. .2O-The stock mar
ket was somewhat Sbroader and more
active today, but there was still no evil
market by the general public or by grea.
financial interests on large scale. The
questionable position OF the United States
Steel stocks and the doubtful outlook
of the labor situa ton are still drag
on the general market, although the mar
ket for the United States Steel stocks
themselves and their price movement are
narrow. The market guardians of the
stocks showed themselves amply able to
take charge of all the stock offered
SHOWN that the company's shares have
come to be closely held But the sup
perters of the stocks are inclined to
take profits on holdings thus acquired
upon ay advance IN price. and thew bid
w the prices when anything like an out
side demand develops for the stocks. Tn
der these artificial conditions the move
ment of the stocks has little significance
The general list showed a disposition
today TO ignore the steel stocks The
railroads concerned in the Northern Pa
ciffc settlement and others allied by iden-
| teal ownership or otherwise resumed the
lea dershfp of the market today This may
nave been based upon published re-
port of a prolonged conference Yesterday
at Bar Harbor between the three finan-
cieIs who conducted the Northern Pacific
contest and it's settlement The Morgan
anu Hartman roads We're generally af
fected in sympathy, including Illinois
Central Chicago x Alton, Southern
Railway and Chicago, INDIANAPOLIS &,
Louisville.
The anthracite carriers manifested
some strength and the biturninols coal
carriers made gains, although Norfolk &
" eStern and Chesapeake & Ohio suffered
| from pFofit-taking. A sharp decrease in
earnings OF Norfolk & Western for the
second week in August seemed to en-
phaSize this disposition. Some large in
d1YIdCal blocks of Southern Pacific Union
Pacific and st. Paul Were taken in the
last hour, and those stocks rose 1s4617s
over last night. The stock market con-
tlnued TO show SensitiVeness to develop
InentS In the money and exchange mar
het- A sharp recovery in sterling this
morning led TO some reaction from the
opening str ength In stocks. Offerings Of
wheat b1Hs were reported smaller in con
! hectlon with reports Of smaller lseaboard
wheat clearances, which caused a reac-
tlon IN the wheat market. But this in
huence was largely offset by the large
receipts on account of Australian gold d.
posted at San Francisco The sub
I treasury s debit balance with the cIsar
ing mouse Of 81, So, 802 was caused by re-
| celpt or checks against gold on the Pa
enc coast to the amount of 81 400 GOA A
Icrther shipment of s2,500G0O is on the
way TO San Francisco from Sydney This
makes II evident that the London marker
! VIII ind way to meet its gold obliea-
ions TO New York without stress and
Pp - without actual shipments of gold
II is TO be noted, however that United
states treasury operations continued 70
Drain the money market the govern
pent's surplus thus far this month haI--
ing reached s1.554.021. while for the cor
responding period of last year the govern
hieht s fiscal operations showed a defci+
OF S4,3ol 5sS. The market closed rather
neavy under the influence of proGt-taIlinsy
on the days rise 90 ii's
Ralifoad bonds continued very dun and
With no movement of signfficancei IN 1ro ailI
sales. par value. $1545 900 AOtei
United States bonds We're all UNCHANGED
on the last call.
STOCK QUOTATIONS.