St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-01-21
A SEMBLANCE OF REAL AC-
TIVITY.
THE GENERAL WAR RUMORS
ARE CITED AS EXCUSE FOR THE
NARROW MOVEMENT IN
PRICES.
Several Millions to BE Sent Abroad
by Leading Firms-LOndon Quo
tations Are Lower.

NEW YORK, Jan. 20.-The professional
dealers, who had the market almost entirely
~ themselves. found it difficult to roll up in
tne nVe hours Of business today a total of
transactions exceeding the two hours record
Oh Saturday by only 1000 shares In only
three stocks was there to be noted even an
q Ioach 10 activity. American Tobacco
81 yhtly led st. Paul with 18 900 shares. The
III Ated speculation and unsettled tone re-
nected degree of uncertainty as to their
immediate domestic financial outlook and the
international political situation. The traders
contrived to have circulated various reports
and rumors whereupon to hang a text for
the almost generally narrow movements in
prices The most important OF these were
further war scares Western Union was un,
fayorably affected by rumors of djscouraeing
ONCE returns, which were denied by officials
interviewed after the close of business by a
press representative. 1t was pointed out that
the forthcoming meeting of the anthracite
coal presidents would be a most eventful one,
Dut the street, judging by the dullness of the
coal stocks, is not enthusiastic and will not
be until 1t is made clear to the rank and file
OF the financial community that the confer
ence Will result In more serious rehabilita-
tory work than followed the opera bouffe con-
situations Of the presidents in 1895. Ex-
per1enced people, however, are sanguine of a
genuine effort to reform the trade with the
prospective powerful lever Of the successful
completion of the plan of reorganization of
the Reading railroad. Three leading gold
shipping houses reported an intention to ship
an aggregate OF 81, $50, 900, and another firm
was said to be figuring upon a shipment of
$1,000 to 81 000OO London prices came
lower and the initial quotations were pretty
evenly divided between gains and losses but
with the trend downward The tendency to-
ward lower range soon became manifest
with General Electric showing loss of "a
per cent. The Vanderbilt stocks, on nominal
dealings, gave way sharply also. The selling
pressure was soon exhausted and on mod
crate buying, chiefly by shorts, the market
improved all around, the most noteworthy
advances being recorded in the ndustrials.
Tobacco moved up per cent to 81 on COW
ering. The stock commanded Il premium
Tor use, which was explained due pre-
sumably to demand for transfer purposes.
General Electric sold up * to 259s. Leather
preferred 19s and most of the other stocks
liberal fractic In the late session a re-
dictionary movement occurred. in which a
large part of the early gains were lost To-
bacco fell to 1885 and General Electric to 24A.
Around delivery hour supporting orders ap-
peared and prices stiffened generally The
closing firm.
Bonds were dull and easier. Atchison Ids
led with business of Sill 600 out of a total
OF $1,084, 600. Only 81, coo was done in govern
ment. The new as coupon rose 1 per cent on
the bid quotation. In state securities only
5000 changed hands.
Total sales OF stocks today included: Amer
lean Sugar, II. 400; American Tobacco, IS. 800;
Burlington, $500; General Electric, $500: Dis
tilling, 4.S00; Louisville e Nashville AGO;
Manhattan, $500; Rock Island, 1850; ST Paul
1890; United States Leather preferred 8 400;
Western Union, $500.
The following table shows the fluctuations
Of the leading railway and Industrial stocks
Yesterday: