St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-01-28
CIDED INCREASE IN AC-
TIVITY.
SUGAR AND ST. PAUL LEAD.
BUYIEG WAS LESS PROFESSIONAL,
AND PRICES UNIFORMLY
HIGHER.
CoALERs ARE MORE CHEERFUL,
Owing to Confidence i'm n Favorable
Outcome of Anthracite Presi-
dents Meeting.

NEW YORK, Jan. 27.-The stock market
today enjoyed decided increase in ac-
tivfty. Judged by recent records. the
volume of business was unusually
both the railroads and industrials. Sugar led
with $4,000, with st. Paul second with 81. 300.
Inc course of prices, a temporary setback
excepted, was uniformly toward a higher
level, and the buying was less exclusively
professional than heretofore. variety of
influences predisposed the street to bull side.
Inc chance Of any serious contentious be-
tween this country and Great Britain that
cannot be arranged automatically is now
generally regarded to be remote. Then again
assurance of the successful carrying out of
the new government loan is doubly assured
and In the best informed circles apprehension
or impending stringency in the money mar
ket has been dissipated. Opinions are now
more generally confident of important fovor
aDle developments at Thursdays meeting of
the anthracite coal presidents. Great inter-
est Is Delng attached to the progress that is
being made in the efforts to settle the long
drawn difficulties Of the leading mining and
carrying companies. 1t is expected that I'm
the event of a settlement on permanent lines
the reorganization of the Reading would ba
readily hurried through, and the well known
policy OF the bankers in charge is to work
up favorable sentiment through panipula-
lion Oh the general market. weaker tend
ency IN the sterling exchange market is be-
lleVed to have effectually disposed of the
question OF gold exports upon an exchange
OASIS Tor the Immediate future London
prices came higher and fairly large buying
ior foreign account was noted in this mar
ket. A number of favorable exhibits of rail-
ROAD earnings which came to hand, and not
ably the st. Paul CURES for December, show
ing an increase in gross of $561 128 and an
increase in net of $685., GIL and exerted q de-
cldedly stimulating influence upon the spec
ffT1nr
eral list were not heavy, but many shares
receded to below Saturdays closing figures
ABOUT L O'Clock, however, a rally started
which carried stocks to the best figures of
the day, with st. Paul. Reading, Leather
preferred and Rock Island most conspicuous
in the active list. Consolidated Gas sold I'D
per cent on further rumors of a probable
increase in the dividend rate and coincdent
to the reelection of the board of trustees
Minnesota Iron rose 4A per cent on reported
favorable trade conditions. The market
closed active and strong and at general sub
stantiai improvements.
The railway bond market was active and
strong, with Reading issues leading at an
advance of H@1A per cent. The total sales
were 81, 4S3, 900.
Sales Of stocks today included: American
Sugar, 300; American Tobacco, 19, 200; At
Gibson, $500; Burlington, 1900; General Elec-
trio, 3,400; L. & N, $500; Missouri Pacific,
300; Manhattan, $500; Reading, $780, Rock
Island. 1000; ST. Paul, $780, Southern Rail
way, $500; Tennessee Coal and Iron, 1900;
U. S. Leather preferred, $500; w. u, 400;
Wheeling & l.. E., 3,400.
The following table shows the fluctuations
Of the leading railway and industrial stocks
Yesterday: