St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-01-14
STOCKS CLOSING STRONG.
Wall Street Market Active
THROUGHOUT the Day.

NEW YORK, Jan. 13.-The stock market to-
day was active aid strong during most of
the day, though there was some hesitation in
the early dealings, which soon disappeared.
and there was a most decided advance
toward the close. The traders were gener
ally inclined to push the reaction of yester-
day to larger proportions, but there was
marked absence of selling of long stocks,
and, receiving no help from the insiders.
they soon desisted from their efforts and
joined the rest of the operators in
aiding the advance. Money seems now
to be accommodating at all the prom
inent centers both here and abroad, and not
Withstanding the broadening out of the spec
u]ation here, the supply of funds does not
seem to be diminished in any way. The
offerings became less as the day wore along,
and the upward movement was accelerated,
being most pronounced at the close. Sugar
Refineries was again feature of the day,
both for its activity and its strength, but the
movement is generally looked upon as clique
manipulation, and it eXctes little interest
outside of the clique who are managing it.
Its advance to-day was not on SO large scale
as that of yesterday. but it was very large as
compared with ordinary movements. In the
regular list the sudden development of
activity and decided strength in the
low priced Vanderbilts was one of the
most striking features of the day, and when
the rise had fairly begun toward noon, c., G..
G.. q st. Louis and Canada Southern were
placed on the front rank. while the other
Nanderb1lts were. comparatively quiet and
sluggish. The Wizards occupied the position
of leaders in activity still. and all scored ma
terial gains in the afternoon. The recent
progress in the establishment of harmony in
the railroad world begins to show its legiti
mate effects and to-day the grangers were
all prominently in the dealings, while keep
ing pace with the rest of the market in the
advances established. st. Paul. Union Pa
cific and Rock Island were very strong. and
there was Gould buying in Union Pa
eific, which was not without It's
the list. Most of the buy
ing is based upon the improved financial
conditions over the entire world, and the
bright outlook for the railroads. The market
closed with little boom ut the best prices of
the day. The final changes are all advances
and Sugar is up 35S. Rock Island DO, c.. c.,
G. d ST. Louis, 23S; Lackawanna d Union
Pacific, each ia; Burlington, He; st. Paul,
Western Union and Wabash preferred each
1S5 Northern Pacific preferred He; North
western, Louisville Il Nashville, Northern
Pacific and Richmond & West Point each
ia; Chicago Gas and North American. each
rs Atchison, Tennessee Coal, and Wheeling
q Lake Erie preferred. each l per cent, and
others fractional amounts. Railroad bonds
continued active, but the volume of business
was rather less than q few days ago. while
the strong tone TO the dealings is less pro.
nouneed. To-day the total transac-
tons were S2.394.o00, and q few
suit of the trading. The great majority OF
the list, however, are higher, though the i'm
portant changes are comparatively few.
The AtchisOn incomes were not so active to-
day, and the Leading active issues were
Northern Pacific fives, with S267 900; Read
ing first,s with S246. 0O0 and the Texas Pa
cifc seconds with $4,000. Among the
advances may be noted New Albany q Chi
cago consols to 81; New York & Northern
seconds, 212 to 47l2. Government bonds
have been dull and steady. State bonds
have been dull and without feature. Pc
troleum continues neglected and the volume
of business is very small. The market
opened steady and moved up slightly in the
early trading, then became duh and re-
manned so until the close. Pennsylvania
oil spot opened at 74c; highest. 74c; lowest,