St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-01-14
EENAS CEAE.
Now NOg,A.

NEW YORK. Jan. 13-The stock mar
ket today showed a marked increase in
business done over the large business
of yesterday, while diStinck broaden
ing tendency was seen. and the final
changes were almost invariably ma
teral gains. The one weak spot Of the
list was Distilers', which was under
pressure throughout the entire day. but
received support enough to hold it
above yesterdays lowest figures
until the close. The impress
sion which has prevailed up
TO today was that the outgo of
gold by tom0rroW's steamers would
reach at least a million and half. but
there was no further stitfening Of eX-
change, and early in the day it became
known that none Of the shippers would
send any. The encouraging feature of
this was the improving demand abroad
for American bonds, and the inference
was that enough exchange would ne
made by this means TO prevent further
shipments The direct effect of this
was to stimulate the prevailing bullish
sentiment, and the demand for stocks
increased iii urgency as the day wore
away, running the transactions up to q
figure which has been seldom Seen in
the last two years.
The railroad list developed ID 9troug
tone right at the opening. Rt. buying
for both sides OF the account kept
prices moving upward il spite Of tae
heavy rcaiZati0nS on tn hj2a prices At
tanned. Another er'Uta4luI ,fglt4It
was the wide and un..3i.4 distribution
Of the business, and, While large gains
We're made in only few stot .. the
fact that the Improvement reacHeJ all
portions OF the list stamps the advance
as OF greater stability than really sup
posed. The industrials, on the whole,
haired in the strength, but no marked
gains were seen in them, and had it not
been for the enormous transactions III
| DiStIIlera' they would have received
& subordinate position in the market.
The pressure. upon DiStillers was again
extraordinary, and from Gl114, last night
it quickly descended to IS. A rally to
5S3S was followed by feverishness, and
at the close it was again at the lowest
figure. Sugar Jared somewhat better,
and after rising to 1901 closed at 100,
and with gain Of per cent. Manhat-
tan still remained the special feature of
| the market and was still further lifted
! to 174M, against 1914 last evening, fin
ally closing at III, with net gain of
| 81 per cent.
The coal stocks, with the exception
! of Reading, made no show in the mar
/ ket, but all were strong. New England
! and New York 81 Northern preferred
were prominent following the rise in
Manhattan, the last named showing "a
gain of 81, larger than any other rail
/ road stock. Among other specIatieS
Consolidated Gas rose per cent, but
the rest Of the list were content with
! gains ranging up = per cent. Western
! Union bppaInQ the hull % rd Of fine 1ftar-
noon, and the other Gould stocks fol-
lowed at a distance, while the strength
in the graDgers was not so pronounced
as during the past few days. The trad
! ing extended 10 an unusually large
! number Of stocks, one of the unfailIng
! indications of general buliish senti-
ment, and all specialties were sold at
! higher prices than their last recorded
! sale.
The Post says: a large part of the
! business transacted today came throug