The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-08-14
STOCK TONE FIRMER
NO IMPROVEMENT OF THE ACTIN
iTY IN THE TRADING,
HOWEVER
REPRESENTATIVE STOCKS
SLUGGISH AND NEGLECTED
The Gould Group the Most Conspicuous In
the Trading-Notabe Show of Strength
In Number of Minor Railroad Stocks,
Particularly In the Granger Region.

NEW YORK, Aug. 13.-There was no
Improvement in the activity of the trad
ing in the stock market today, but the
tone was hrmer and did not reflect the
disposition to liQuidate on all advances,
which was a feature of yesterdays mar
het. For the most part, however, the
representative stocks were neglected and
sluggish. The Gould stocks were the most
conspicuous in the trading, Missouri Pa
ctfic leading in point of activity. There
were heavy dealings also in all of the
Wabash securities and in Texas & Pa
cific
The Southwestern roads are expected
to gain a special benefit from the large
corn crop and the winter wheat crop in
that territory is also in high average
condition. The Wabash stocks were es-
pecially affected by reports of aggressive
steps being taken to secure terminal facil-
tiles both in Pittsburg and Baltimore for
the use of Wabash Eastern extensions.
Soft Coal Stocks Lively.
There was fitful speculation in the
soft coal stocks based upon the benefit
felt by that trade as an incident of the
paralysis of the anthracite trade. There
were persistent ruTnors as well of an in
tention on the part of the Norfolk &
Western directors to advance the dividend
rate on that stock. The settlement of the
elevated railroad troubles helped Man
haitian and the Goulds as a group.
There was a notable show of strength
in a number of minor railroad stocks, eS-
pecially in the Granger region. The brok-
which accomplished the Louisville &
Nashville transfer were conspicuous in
these operations. The National Lead
stocks responded to the reports of com
b1nation in the lead interests Of the
country. United States Steel shot up
rs on the news of an additional distribu-
ton of $10,000.000 profits to the under
writing syndicate, thus bringing the total
distribution UP to 100000 900 on actual
paid in subscriptions of $25,000,000. The
stock relapsed quickly into comparative
inactivity, but with a fractional gain re-
tanned.
Awaiting Morgans Return.
The aggressive steps being taken on be-
half of the Northern Securities company,
to clear up litigation against that cor
poration and the hopeful views expressed
impression that active steps are pending
toward a distribution Of the stock. This
and many other plans are supposed to be
waiting on the return of j. p. Morgan.
Amongst the weak features, Amalgamated
Copper was affected by the unstable tone
ROCK Island was lowered, supposedly with
a view to discourage the disposition of
minority holders to liquidate their hold
lngS rather than consent to the CONVEX
sion plan. Funds were more freely Of
fered on call today and the rate was
easier. The active export demand for
wheat encouraged the offering of exchange
bills and the rate for sterling showed no
recovery from yesterdays decline. The
closing was quite active and Irregular.
Wabash debenture BIS were the feature
of the bond market. The Central Of Geor-
gia second incomes were also in demand.
Total sales, par value, 81, ITO, 900. United
last call. fgd
Stocks.