St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-01-15
WEAK In SPOTS.
Wall Street Market Devoid OF
VigOr.

NEW YORK, Jan. 1.-THE stock market to-
day was very active i'll the forenoon, but be-
came more quiet later in the day: and, while
showing still firm to strong undertone,
failed to make any material movement i'll
either direction. and at times displayed con-
siderable weakness in sDots. The great in
fuence in the market was the silver legiSla-
ton. Silver certlhcates1n the market to-day,
OH the vague report that the free coinage
amendment had been killed, dropped sud-
denly from SLOTS to S1.O4, but upon
the announcement that the silver
men had accepted the amendment combining
the coinage to the production of American
mines, a full recovery in the certificates &C.
Cured. The industrial stocks to-day were
the great feature of the market, being the
only ones showing any real strength through
out the day. The stocks OF the new Ameri-
can Sugar Refining company were traded in
OH the board tOday for the first time, or
rather the temporary certificates represent
ing those stocks, the preferred selling at 90
@9o, and the, common at 80. 1t may be
noted that at the present high prices great
many holders of Sugar trust certificates are
realizing. To this movement may be at
trlbuted the check to the advance i'll the
certificates and at times to-day positive
weakness was shown in them. They closed
unchanged, however, after large dealings
Wall street is showing daily that large ac-
cessiOn of outsiders are taking part i'll the
speculation,a and this does much to give hopes
of continued strong and active market. In
day there wes only one that showed any real
strength, and that was New England, but It's
improvement was mace in the early trading.
after which it became euiet and huctuated
within narrow limits with the rest of the list.
Chicago Gas was still veGy strong, and shows
a material improvement this evening. not
withstanding the passing of the dividend.
The weak spots were LackawanL and Union
Pacific, but even these afterwards recoy-
cred the greater portion of their
losses and with the rest closed at IN
significant changes for the day. The mar
ket after firm opening weakened, but after
many and quick changes in temper closed
firm. The final changes show majority of
declines, but they are all for small fractions,
white Chicago Gas is up 328, Tennessee Coal
2l2, and New England 1lS. Railroad bonds
showed continuation OF the dimunitiOn of
the volume of business, the business in all
issues reaching only S2O47, 0G0,and the tone
of the market being barely firm, with some
weakness in spots. The Atchison incomes
the total, while Northern Pecifc fives con-
tributed S292,OOO. The final changes are
almost all for insignificant amounts. and
the few marked advances include Lake
Erie q Western frsts 212 TO Sl.0S.
Government bonds have been duh and
steady. State bonds have been dull and
without feature. Petroleum was Irregular.
Pennsylvania oil opened steaoy, and after
few slight fluctuations became dull, and re-
manned so until the close. Lima oil opened
strong. but after slight advance gave way
under an attempt to realize, and declined tic,
to 19c, then recovered lc, and closed steady.
Pennsylvania oil spot opened at 1880; high
est. 1880; lowest, 1880; closing at 731sc.
February options opening at 74Mc; highest,
74Ac; lowest 74c; closing at 74c. Lima
oil opening at 2ll2c: highest. csc; lowest,
Ice; closing at zoe. Total sales, $1,000 bbls.