The Saint Paul globe., 1901-08-16
STOCKS MARKED UP
SHORTS ARE IN THE MARKET
TRYING TO COVER, AND PRICES.
MOUNT SHARPLY
CLOSE IS NEAR THE BEST
Fluctuations Were Generally Mar
row, but Buying Pressure Ex-
ceeded Selling Practically
Throughout the Day.

Closing.
Thursday. wed.
Bar silver, New YorKs.sss, .os1s 5Szs
Gail money, New YORK; w214-12 2A-h
NEW YORK, Aug. 15@Buyers largely
ortnumbered sellers, despite the general
p, ofeSSional character OF the dealings
and the weeks rise. The net result OF
the days dealings showed SO many inn
portant gains tnat the conclusion is
drawn that the Improvement is due in no
small part to covering by the short inter
est, VINO have met but little stock on
spasmodc raids earlier. The bull fac
ton did not become very aggressive un-
til near the close, when there was a gen
eral bidding up all around, and the top
.psiccs of the day were made. The news
OF the day was favorable in every respect
including continued easy money condi-
ticns lower sterling rates and some rail-
read earnings for the first week in Au-
gust The foreign trade statement for
the month of July and the seven months
showing an excess Of exports over i'm
ports of $36 134, on and S3A. SAC, ,625 for the
respective periods, drew renewed atten-
tion to the commanding position the
United States occupies in the worlds
trade The opening on the stock market
gave promise of a rather active Specula-
tion, but the animation soon gave out
and the market relapsed into dulIness
which was not interrupted until the vig-
orous rise at the close. Interest was less
concentrated in the gTa1n-carrying roads,
the coale.S, Southern, Eastern and high
priced specialties all receiving consider
able attention during the day st. Paul,
nevertheless, covered about the widest
range, but still did not exceed a 2-point
range. Rock Island gained 4 points on a
few transactions The demand for these
stocks, together with that for Atchison
and the PacificS, was very pronounced
late in the day. and the buying for both
accounts carried them up materially
Anthracite coal roads stocks responded
notably to the improving trade conditions
1ly Erio into arin g. i
Pennsylvania. There was a more general
demand for the low-prced railroad
stocks, and Chesapeake & Ohio. Chicago,
= Indianapolis e Louisville, Norfolk &
Western. Iowa Central and Southern
Railway rose from l to 2 points. The
heavy absorption of the latter was at
tributed to buving by-ieontrolling inter-
ests There was little of interest in the
movement of United States Steel stocks
today, and. after opening Hm15 higher
eased off. but rallied .aud ended higher
for 10th the common and preferred
Other metal stocks showed pronounced
strength, gains running from ! to 21h in
American Smelling. Popublic Steel pre-
ferred Amaleamated C6fnsr and Tennes-
see Coal. while C0lorado Fuel was up 3l5
at one period PurchasesAfor foreign ac-
count We're again on 2 Iarge scale and
this. in connection with larger offerings
of grain bills in the Istelfing exchange
market. caused a decline in demand
sterling to 81 s7H. Sugar was reactionary
most of tho dav andL Aft ono time de-
clined a point, hut in the final dealings
it was RAPIDLY advanced. and ended with
a net gain Of 2H The market was more
active at the close than at anv other
period of the day, and ended strong at
tho highest.
Railroad bonds were higher in sympa-
thy with stocks. but were rather quiet.
Total sales. par value, sl,0l0,000.
United States bonds were all unchanged
on the last call
A bid of 10 was made for Northern
Pacific common on the stock exchange
today. The stock was offered nominaIly
at lbs.
STOCK QUOTATIONS.