St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-01-18
FINANCIAL.
New York.

NEW YORK. Jan. 1.-THE volume oil
business on the stock exchange to-day
was extremely light, but the tone OF
speculation was decidedly Iirmer and
prices advanced steadily from the open.
ing to the close, with only occasional
slight reactions, due to the taking of
profits Of the Improvement. The
| strength of the market was especially
remarkable in view of the moderate
buying and the absence of news whic h
might influence speculative values. The
firmness of American securities On the
London stock exchange was large
factor in the upward movement here,
and there was good buying for the
foreign account, chiefly in Ontario &
Western, st. Paul and Louisville d
Nashville. The local trading was more
widely distributed than usual, and the
investment stocks were traded in more
actively than of late, the Vanderbilt
group coming i'll for fair share of at
tenton. Less than 1900 shares of the
granger stocks were dealt in. of which
more than one-half was st. Paul, and
the buying in them was mainly to cover
short contracts, the bears being APP
parently of the opinion that the passage
of the pooling bill is practically assured.
The pool in Chicago Gas has been
dissolved, and, contrary to expectations,
the announcement of that fact was fol-
lowed by il sharp advance in the stock,
which was we'll maintained at the
close. During the first quarter of an
hour of business this morning not
share Of Sugar was disposed of, which
is notable circumstance, inasmuch as
it is generally the leader of the market.
The total sales of the stock were only
7,700 shares. and the fluctuations were
confined within limit of 3s per cent,
with net decline of a per cent, Atch-
isOn stock and bonds were given TEN.
newal of the discussion of the
reorganization problem in London
and here, and traders seem to
take a more hopeful view of the
situation. Judging by the pretty good
buying in these securities today, which
resulted in gains all around. The ad-
vance in the general list OH the days
transactions ranged from g to 21s per
cent. the latter Id st. Paul preferred,
in Illinois Central, l5s in Lake Erie &
Western preferred. IL in Plttsburg,
G. c. & st. Louis preferred, ~ in Bal
timore & Ohio, National Starch and
Oregon Navigation; Chicago Gas. ia;
Manhattan, Is, and Delaware d Hud-
son per cont. Michigan Central was
bid up at II per cent and National
Starch second preferred was bid up to
5 per cent to 25.
Some few shares show losses. the
heaviest being l per cent in Cordage
preferred. Tho market closed strong.
The transactions in tOday's bond mar
ket were characterized by considerable
animation and strength. the AtchSon
issues were the feature of the dealings,
and OH sales of s3Ol,000 the tours sold
up "a per cent 10 81, closed within a of
the highest. The seconds, while less
active, also developed strength, and
sold up to 2016 and retained the i'm
provement. The Colorado Midlard
securities, which are embraced IN the
Atchson system, also evnced strength,
and the tirSts rose per cent and the
tours II. The total sales of the day
were 81, 46S, 900. The other changes of
note are:
Advances & Pacific Is, 81
per cent; Savannah d Florida 81 West
ern firsts and Duluth & Iron Range, 81.
DeclineS-Green Bay incomes and
Fort Worth and Denver City firsts, IL
per cent, and Cincinnati, Dayton and
lronton 5s, 4.
The Total Sales of Stocks Today
were $3.50 shares, including: Amer
lean Sugar. $40; Chicago Gas. $4,000:
Manhattan Consolidated. 3,4OO; Ontario
81 Western, 1000; Pacific Mail, 1900;
st. Paul, $500.