The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-08-20
DAY IN WALL STREET
CONTRACTED DEALINGS CHAR
ACTEREZED THE SESSION OF
NEW YORK EXCHANGE
HOLDERS KEEP UP PRICES
Closing Dealings An <the General
List Were at Prices Rather
Above SATURDAYS Final
Dealings.
HOLDERS KEEP UP PRICES
Closing.

sMonday Saturday.
Call money, New York ..243 Nominal.
NEW YORK, Aug 19.-Dealings in
stocks today were toei small to offer
broad basis for generalizat on But the
fact is significant that Very few stocks
were offered for sale, holders apparent
~ being content to retain their holdings
in spite of some of the developments "a
Vorable to values, so that the demand,
small though it was was sufficient to
overcome the opening decline and sub
sequently a higher range of prices than
those at the close of last week Addi-
lions to the ranks of the striking steel
workers over Sunday was Responsible for
the opening heaviness, not only in those
stocks but in the general list The in
terestS involved in the strike are so large
that its vicissitudes affect the values
of all securities. The market guard
ians for the steel stocks supported
them and the starting of some of their
mills had a reviyifyfng effect But they
did not fully share in the late recovery
of the market, which carried some of
the railroad stocks substantially over
Saturdays prices. The activity and
only and was apparently due to causes,
individual to those stocks. Norfolk &
Western was most conspicuous under the
influence of the net earnings of the com
pany for the fiscal year, showing a sub
stantial surplus over the present divi-
dend rate. Chesapeake &, Ohio rose to
less extent in sympathy. The buying of
these stocks was attributed to Philadel-
phia account. The figures of the coal
export trade published this morning
showing the value of coal exports
doubled since 1897 and the amount more
than trebled since 1891, were an infiu-
ence in the strength of those stocks
which are peculiarly benefited by the
coal export trade. Norfolk & Western
rose 21a over Saturday. TIE rise in
st. Paul and Atchison reached about
the same figure in sudden squirt over
the previous sales Afnalgamated Cop
per resumed it's upward movement and
there was some activity IN Sugar, owing
to the concerted action of the companies
in fixing prices The stock advanced
but lost practically all the rise There
was greater condolences felt in the
money outlook than on Saturday after
the bank statement This feeling was
due to several auses.oT1rhe Unexpected
~ large decrease in cash was said to
be due to the retirement Of circulation
by the absorbed Bank Of the Republic
The sisbtreasury has made a small con-
tribution to the money market since
Friday. by reason of3large pension pay
mentS and disbursements on account OF
Philippine expenditures. But the sud
den weakness developed in the foreign
exchange market was fhe dominant in
fiuence in causing the better feeling over
the money outlook on account of the as
surance afforded thatrgofd from Europe
will be forthcoming to meet any urgent
needs on the part of New Y Ork. Demand
bills fell to $4.S612, compared with .SS
at the high point last week, making a
relapse of approximately a third of the
range from the gold export to the god
import point Offerings of bills against
wheat exports purchases Of stock for
London account and a cessation of the
demand for repayment by syndicates of
the loans from European borrowers were
all influential in the weakness of ex-
change. The market closed firm. but
very duh on the last rally.
Railroad bonds were little dealt in
and were irregular. Total sales, par
value, $5S5, COO. United States bonds were
all unchanged on the. last call.
STOCK QUOTATIONS.