St. Paul daily globe., 1891-01-12
STOCKS AEsE STRONG.
Railway Harmony StiffenS the
WALL Street Market.

New York Jan. 1O-The complete har-
mony existing in The conference of railroad
managers now in session in this city has
proved to be the greatest stimulating infu-
ence upon the stock market which we have
had for some months. To-day it turned the
temper of the foreign operators from bear to
bull, while the confidence displayed by do
mestic operators of all descriptions has been
most prominent for several days. The
offerings of stocks are becoming light
general revival of confidence in the
future of the railroads i'll this country
and there is now in the street general feel
ing that during the next sixty DAYS there
will be complete recovery from the recent
depression. To-day another large increase
in the bank reserves was shown, and the sur
plus is now raised to above $4,000, 900, a
figure which it has seen only once for the
past six months, and that was when the
heavy disbursements were made by the
treasury last fall. 1he improvement in the
temper OF the street was apparent with the
first sales, and everything was higher while
an extraordinarily active business was trans
acted, with the result of scoring further ad-
yances over the whole list. The only slug
gish stocks were the coalers, which have all
had such marked advances in the past week.
The skyrocket advances in Sugar Refinerles
was continued, aided by the announcement
that the order appointing the receivers had
been vacated and the property was to be
turned over 10 the trustees, who will now go
forward with the plan of reorganization.
The stock rose from 66l2 to Tll2 and closed
at 767S. The Wizards were strong point in
the market; the grangeTs were all prominent,
but the Gould stocks were sluggish. The ex-
treme activity of the first few minutes did
not last, but the strength was never Stacked
off and prices steadily mounted till the close,
though there were few specially wide
fluctuations out of Sugar. The gains
of note were: Sugar, 49s; st. Paul
and Northern Pacific. LIS each; Louis.
vile & Nashville, 13s; Colorado Coal
IN; Burlington & Quincy. 11s. and Atchison
i per cent. Railroad bonds also continued
TO show great activity of the past few days,
and the business of the two days amounted
TO 81 ,423,0O0, with the same speculative
issues leading in the dealings, and Atchison
incomes contributed Sl5S, 900, the Texas Pa
tain fyes SlO5, ,tOJ to the grand total. The
strength of the market continued unim-
paired. and among the numerous advances
may be mentioned: Toledo, st. Louis & Kan
sas City firstS, 2l2 TO so; Louisville, ST. Louis
q Texas frsts, 2 to 81; ST. Paul Mineral
Point, 2l2 to 99s4. Government bonds
have been dull and steady. State
sduIler than ever. The opening was steady,
followed by dullness until the last hour, when
the price moved up ssc, closing firm for Feb
iraary option. Pennsylvania oil spot opened
at 73lac: highest 735sc lowest, 73l2c: clos
ing at 73l2c. February option opened at
73%c; highest, 74Isc; lowest, 73s4c: closing
at 74Sc Lima OIL opened at 21c: highest.
1900 bbls. The export Of specie from the
port of New York last week amounted to
1924. s2S, of which Sl34, ,979 was i'll gold and
S1S9. $40 in silver. The imports of Specia
for the week amounted to S473, 249, of which
S343, 213 was in gold and S120,035 in silver.