St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-01-25
CONFINED TO THREE BIG
STOCKS.
NEWS OF CHEERFUL TEMPER
AND AS A GENERAL THING M
PROVEMENT WAS THE
RULE.
MARKET STRONG AT THE CLOSE
Belief Growing That Anthracite
Companies Have Reached an
Agreement.

NEW YORK, Jan. 24.-The modest volume
of business transacted upon the New York
stock exchange today centered in three stocks
Tobacco, Sugar and st. Paul. Regarding
the two first named there was circulated Cos
sip of an unfavorable character, including re-
vfyed rumors of hostile action by the legis-
iature of the state of New Jersey. Both
stocks not only proved superior to the at
lacks, but displayed exceptional strength on
buying, chiefly for short account. Although
the trading in the general list was quite
limited, improvement was not all along the
line. The news of the day was calculated to
cause cheerful temper but this fact did
not enlist other than the strictly professional
operators owing to the recent rapidly sue
ceeding and conflicting political and other
rumors.
The initial tone, has frequently happened
OF late, was impaired by European cables
The political advices received were of con-
unued pacific import, SO far as this country
Is concerned, and, logically. prices for Amer
leans showed advances over New York par
ity. Some purchases were also made in
TINS market for account of foreign dealers
Other bull arguments consisted of rumors of
preparations by syndicates to underwrite the
government issue. either individually or as
a collective force, and the non-engagement
OF gold for shipment tomorrow. By the way.
the inconsistency of reports on this last point
Wlthin the past day or two had been marked.
In addition. the street is becoming less skep-
tcal on the score of practical agreement
Dy the anthracite coal companies to result
from the reopened transactions
Inc influences noted though falling to
STIMULATE activity or cause wide distrbu-
tlon or speculative interest, resulted in ma
terlal advances throughout the list in which
the grangers, Manhattan Louisville & Nash
Ville Southern preferred, Baltimore &c Ohio,
coalers and the industrials figured for from
10 per cent, the last in Baltimore &
Ohio. The improvement in this stock was
coincident with the news of the election of
the new president of the company. Sugar
scored the next best GAIN "a. Tobacco was
raided at the outset, and fell IL per cent
to 74A on renewal of bear pressure. In
slders took hold at the low point and a rally
resulted to 76%. Trading was fairly animated
In the early operations, then became almost
stagnant and so continued until the last
nour. when another spell of activity occurred
In which the top figures of the day were re-
corded. The market closed strong and gen.
orally at material net gains.
Aside from good inquiry for Reading is
sues, the railway bond market was devoid of
features. The tone was firm. however The
dealings amounted to $1,163,000.
Governments ruled steady throughout with
transactions of Sc, 800
Sales of stocks included American Sugar,
2I,6oo; Tobacco, 10000; Burlington, 1000; Chi
cago Gas, 4, 200; General Electric, 3,10O; Louis
vile d Nashville. 300; Manhattan CONSOLE
LOO; Rock Island, 800; st. Paul, Is, 200:
Western Union, $500; Wheeling G. Lake Erie,
5000. '
The following table shows the fluctuations
OF the leading railway and Industrial stocks
Yesterday: