St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-01-31
TWO ACTIVE STOCKS
SUGAR AND READING NEARLY MO-
NOPOLIZE THE BUSINESS OF
THE DAY.
GENERAL UNDERGONE FIRM.
THOUGH THE MARKET WAS DOaII-
MATED BY THE MANIPULATION
OF SPECTATORS.
LONDON IS LIBERAL BUYER,
Contributing Greatly to an Improve
ment-PrOnOunced Strength in
NOrthernPacific.
GENERAL UNDERGONE FIRM.
LONDON IS A LIBERAL BUYER

NEW YORK. Jan. 3O-The stock market
today, like its recent predecessors, was almost
entirely dominated by the manipulation of
powerful speculative leaders. The movement
OF prices was irregular al times but strong
undertone prevailed in most instances. The
volume Of business was fairly large with
Sugar and Reading dividing the honors with
$1,000 and $4,000 respectively. The only other
shares that attained noteworthy activity were
st. Paul and Tobacco. The main consid-
Grafton affecting prices until near the last
hour was the action likely to be taken by the
presidents Of the anthracite coal railroads
at the adjourned meeting in relation to the
report of the special committee percentages.
London contributed toward the improvement
by purchase of about 900 shares of various
stocks.
The opening moderately active and firm.
but sagging tendency soon developed, in
which Sugar was the most conspicuous. The
coal stocks were then taken in hand and the
buoyancy in this group was soon communicat-
ed to the general market. Reading the
most animated and exhibited decided strength.
The bonds were also taken in large blocks by
the interests identified with the reorganiza-
ton. New Jersey Central advanced Az, Read
ing 2h Lackawanna rs and Delaware & Hud-
son rs per cent. The gains in the general
list extended to 3 per cent with Lead pre-
ferred, Consolidated Gas, Manhattan, Louis
Vile & Nashville, Pacific Mail Northern Pa
ciic preferred the Changers and Union Pacific
the most conspicuous. Around delivery hour
general reaction. The movement received
some impetus on account Of the lack Of
definite reassuring news from the anthracite
presidents meeting. the silver discussion in
the senate at Washington, and stiffening in
sterling exchange rates The speculation left
off active and weak in tone, but with the
net results gains in most instances.
The dealings in railway and miscellaneous
mortgages were characterized by strength
and activity. with the Reading issues the
striking features. The sales Of those bonds
absorbed 81 $3.50, 000 cut of an aggregate for the
day of 50 981 000 The securities were affected
by the expectation of harmonious agree
ment between the anthracite companies to
the division of tonnage in which the Reading
would be well treated. Pronounced strength
was also exhibited in the Northern Pacific is
sues In the late dealings there gen.
eral shading in prices in which the Reading
bonds were most prominent.
Business in governments was fairly large,
aggregating sos 900. The market ruled firm,
and the new tours, registered, advanced sharp
ly in the bid quotations. Sales of stocks to-
day included American Sugar, A. 700; American
Tobacco 14,300; Burlington, 1900; l.. & NJ,
$500; Manhattan Con-, 400; N. j. Central,
$500: North American, 1900; Northern Pacific,
$500; Northern Pacific preferred, AGO; Pa
cific Mail, 1900; Reading, 5,400; Rock Island,
$500; st. Paul. 19,500 Southern, $500; South
ern preferred 400; Tennessee Coal 300;
Union Pacific, 1890; Wabash preferred $500;
Western Union, $500; w. l.. E., $500.
The following table shows the fluctuations
Of the leading railway and industrial stocks
Yesterday: