St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-01-11
FENASCdAL


New YORK, Jan. 10.-The stock mar
ket was generally less animated today,
and the preponderanCe of the few
stocks, principally Reading, Sugar and
DStillers' which at the present mOnOpo-
lie the speculative interest. was even
more marked than for any day during
the past week. Fluctuations, notwith-
standing the activity in these stocks,
were confined within narrow limits, and
the final changes were generally insig-
nficant, being irregular, generally for
small fractions. The money market
continues very easy, and there was
still Il stitfenng in exchange,
owing to some increase in the demand.
This had its influence upon stock spec
ulation, and the effect was seen IN the
last hour. especially when the report
that the Bank of France had signiied
its intention to draw no more gold from
this side, which caused a;decided change
for the better in the temper of the
market. Reading was again very
largely dealt in. Most of the day it was
weak, especially i'm the forenoon, on the
effects Of the realizing sales, which
were helped, to some extent, by pro-
feSsional selling. The final loss, how
ever. in the stock was only Is per cent
The action of the Jersey Central is still
regarded as of little real importance to
the combination, but a report Of its al
lance with the Pennsylvania lifted the
price of Reading iii the forenoon. Lack
aWanna cropped on light business and
closed the day with loss of per cent.
The two leading industrials. Sugar
and DistillerS' tiuctu9ted over range
of something more than l per cent
made, but both yielded in the afternoon
bn eIItrht ~ in, ri
dealings, but the loss, however, was re-
covered in each, and their final changes
are without significance. Among the
induStrialS the Cotton Oil stocks were
the special feature, talk of dividend
on the stock serving to stimulate some
speculative buying, and although no
confirmation Of the report was to be
had, both classes of the stock closed at
a considerable advance. The market,
after the activity Of the forenoon, grad
ually fell into dizziness, but relief
from pressure brought higher prices.
There was no real strength unit
the last hour, when buying was StImu-
lated on the reports i'll regard to the
Bank Of France referred to. A dispatch
stating that the difficulty i'll the way of
bituminOuS coal deal had been proba-
| bly, swept away by the winning over of
| al ODGldIUT, WIZ Has SIUUu III 0ppOSI-
| ton to it all along, helped the bltumi-
nous coal stocks, and Hooking Coal and
Iron especially responded with an ad-
vance of per cent. The strong feature
of the market, however. was Manhat-
tan, in which some buying in the fore
noon occurred. and an advance of per
cent at that time was held for the rest
of the day. The general bearish temper
of the forenoon led to some realizing on
the late advance in the grangers, and
Rock Island scored further advances at
! first, but it was entirely lost later in the
| day.
The Evening Post says: Zone Of the
most encouraging features was drift
from the industrials to the railway share
| lists. thus broadening the market to an
appreciable extent. The granger stocks
were especially buoyant and in active
demand, in many cases for investment
orders. Sugar certificates were manip
ulated in skillful manner, with the re-
suit that they maintained their recent
| high level. Manhattan continued eX
ceptionally strong on the continued be
lief that the system is to be benefited BY
the final decision of the rapid transit
commissioners"
The Total Sales of Stocks
Of,p