The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-08-16
STOCKS MARKED UP
SHORTS ARE In THE MARKET
TRYING TO COVER, AND PRICES.
MOUNT SHARPLY
CLOSE IS NEAR THE BEST
Fluctuations We're GENERALLY Mar
row, but Buying Pressure Ex-
ceeded Selling Practically
Throughout the Day.

Closing.
Thursday. We'd
Bar silver, New York@ess, .oshs 50m
CaH money, New YORK. s,z4-12 2A-3a
NEW YORK, Aug. I5ABuyers largely
ortnumbered sellers, despite the general
p OCCASIONAL character OF the dealings
and the weeks rise. The net result OF
the days dealings showed SO many inn
portant gains That the conclusion is
Oh avn that the Improvement is Que in no
small part to covering by the short inter-
est, VINO have met but little stock on
spasmodic raids earlier. The bull fac
ton did not become very aggressive I'M
til near the close, when there was a gen.
eraI bidding up all around, and the top
p:iccs of the day were made. The news
of the day was favorable in every respect
including continued easy money condi-
items, lower sterling rates and some rail
read earnings for the nrSt 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 SIG, 4,07l and 1924 $40 625 for the
respective periods, drew renewed atten-
ton 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-
ton, but the animation soon gave out
and the market relapsed into duiiness
which was not interrupted until the Wig
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,
especially Erie. Ontario & Western and
pennsylvania. There was more general
demand for the low-prced railroad
stocks, and Chesapeake e. Ohio Chicago
= Indianapolis e Louisville, Norfolk &.
Western. Iowa Central and Southern
Railway rose from to q points. The
heavy absorption of the latter was az
eSts There was little of interest in the
movement of United States Steel stocks
today and. after opening Hm3 higher.
eased off but rallied and ended higher
for 10th the common and preferred.
Other metal stocks Showed pronounced
strength, gains running ffAm to 21l in
American Smelling. Rcppblic Steel pre-
ferred Amalaamated C5f4nar and Tennes-
see Coal. while Colorado Fuel was no so
at one neriod. Purchases6for foreign ac-
count were again on la'rge scale. and
this In connection with larger offerings
of Grain bills in the IsteiIinc exchange
market. caused decline in demand
sterling to 81 s7H. Susar. was reactionary
most OF the dav andI Aft ono time de-
clined a point hut in the final dealings
1t 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 ut
tho highest
Railroad bonds were higher in sympa-
thy with stocks. but were rather quiet
Total sales. par value Sl0lO000.
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 nominally
at 125.
STOCK QUOTATIONS.