The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-09-09
STOCKS VERY QUIET
DAY is UNUSUALLY DULL EVEN
FOR THIS PERIOD OF YEAR
Volume of Business Is DisappointingIy
Small in View of the Triple Holiday
Good Railway Earnings Are Re
ported, Especially St. Paul.

NEW YORK, Sept. 8.-Unusual dull
ness, even for this period of the year,
characterized today's stock market. FL
ementS of interest were entirely lack
ing and the volume of business was
disappofntingly small in view of the
triple holiday and the apparent inten-
ton OF the secretary of the treasury to
reIeVe any strain on the fall move
nent of currency. Opening prices re-
Elected a firmer undertone, local trad
ers taking courage at the higher range
Tor Americans in London. Last week, 8
=puy1ng of Atchison shares was resun-
ed and some activity was shown by
canadian Pacific, Southern Pacific,
ROCK Island and Wabash preferred.
The buying of the Pacifics was report
ed to be for foreign account. London
being factor in the days operations,
trading in about 1000 shares Com
mission houses took virtually no part in
the business of the early day. The
list sagged generally after the first
hour, all the active stocks losing their
advance and at times thereafter the
market was absolutely inert. Here
and there where stocks were pressed
for sale prices yielded readily, for in
STANCE, Reading, which was sold for
Philadelphia account.
Movement in Some Specialties.
The early afternoon brought move
ment in several Of the sspecialties,
North American advancing 21b, Colo
RADIO Fuel AZ and Consolidated Gas
IL. No significance is attached to the
advance in these shares. Some of the
early selling of Amalgamated Copper
was traced to houses with Boston con-
nectionS. The stock closed at the low
est figure of the day, in spite of an ad-
vance in the price Of the metal at
home and abroad.
In the final hour there was some
short selling of such stocks as st.
Paul, Atchison, Rock Island, the West
ern group generally and Brooklyn Rap
id Transit, induced in part by reports
of labor troubles on the Letigh Valley
system. The market closed dull and
heavy. Some excellent railway earn
dnss were reported, notably st. Paul
which showed a net increase for July
of over $260,000. New York Central,
Norfolk & Western, Mexican Central,
Texas & Pacific and some of the minor
lines also showed material gains in
gross earnings. sl1--.-,--
"Spot Cotton"
The feature of the foreign exchange
market was the appearance for the
first time this year of bills covering
shipments of spot cotton These did
Qu21ClCl0S
sufficient to weaken rates for exchange.
which held firm at $4.g6.50 for demand.
but the very fact that such bills were
released was taken to mark the begin
ming OF a larger export movement for
that staple. Exchange brokers for
weeks have been docking forward to
the inauguration of this movement as
aHording the best basis for depressing
the sterling market to a level where
gold could be used as a form of re-
m1ttance. Locally the monetary stu
alton was unchanged. Additional gold
imports from Australia were reported
and further payments for account of
gold deposited at San Francisco were
made by the subtreasury.
The bond market was rather quiet
and showed some irregularity in the
early dealings. In the afternoon the
market .stiffened up and closed steady,
despite the heaNiness in the stock mar
ket. Total sales, par value 81, 265. 900.
United States As advanced u per cent
and the new rs y per cent on the last
call.
Closing List