St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-01-15
STARTED IN BETTER
STOCKS CONTINUE TO GAIN
STRENGTH AS POLITICAL
ALARM SUBSIDIES.
ONE ENGAGEMENT OF GOLD.
IT AMOUNTED TO S1,4OO,OoO AND
CAUSED A SHORT REAC-
TION.
IMPROVED FEELING ABROAD.
RumOrs About the Leather Trust
Some Notable Advances-Bonds
Irregular.
ONE ENGAGEMENT OF GOLD.


NEW YORK, Jan. II. = The stock
market opened fine under the favorable
auspices Of higher quotations for our
securities in London and of further
intelligence Of more pacific trend in
political developments. In the early
dealings advances were scored in which
New York Central figured for 2 per
cent. In the more active shares the
gains were restricted to a A@1 per
cent limit. The strength of the mar
ket was in a large measure due to in
creasing confidence that all practical
measures will be taken by the govern
ment to prevent a stringency in the
money market as a result of the with
draWals from the banks incidental to
the payments of subscriptions for the
new issue of bonds
Before the expiration of the first hour a re-
dictionary tendency developed on the engage
ment of 81, 900 in gold. In the retrogres-
touched figures slightly below yesterday S
final changes. Chicago Gas was depressed
rs per cent on sales in connection with the
enactment of an ordinance by the Chicago
board OF aldermen whereby deposits for gas
meters must be made with the city treasurer
instead of, heretofore, with the companies.
The mystery attending the meeting of the di-
rectorS of the United States Leather company
was not especially reflected in the market
price of the stock. No intimation had been
made previous to the meeting that any other
QUESTION lHdn OF the regular quarterly
dividend on the preferred stock would be con-
sidered by the board. officials of the com
pany observed strict reticence. aside from
statements that the dividend question had not
come up, and that only changes in the by
laws OF the company had been discussed.
RumorS were current that the policy of de-
claring a scrip dividend had been debated,
but could not be confirmed. A jump of ~
per cent to 50 IN Cleveland, Lorain & Wheel
ing pfd was unattended by any explanation
beyond the assumption of investment pur-
chaseS induced by the encouraging traffic re-
turns of the road. Metropolitan Traction bet
tered its record by a further advance of per
cent to los. The improvement is attributed
to repurchases of stock thrown over by in
in the acute phase. The market closed steady
in tone with fractional net concessions gen
eral.
The bond market was irregular, with q
preponderance of advances. The Union Pa
cifc issues declined sharply, but made par
tial recovery in the closing dealings. The
aggregate of transactions was only moderate,
quiet but were well held. The old As coup
and do reg gained 1 and IA per cent re
spectively on dealings of $1,000.
In state mortgages $1,000 Virginia Centuries
and 81 900 Alabama 4-5s, class A, were dealt
in at unchanged prices.
The total sales of stocks today were 156 7S9
shares including: American Sugar. 1880;
American Tobacco, 1900; Atchison. $500;
Burlington. 100; Chicago Gas, 300; Kan
sas 6 Texas pfd, $500; l.. & N, 5000; Rock
Island 100; st. Paul, $4,000: Southern Rail
road 500; do pfd, $500; Tennessee Coal and
Iron, $780, U. s. Leather pfd, II, 200
The following table shows the fluctuations
Of the leading railway and Industrial stocks
yesterday: