St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-01-29
an IRREGULAR Day.
NEW YORK STOCK MARKET IR-
REGULAR, WITH FIRM
UNDERGONE.
NORTHERN PACIFIC DECISION
IN FINANCIAL CIRCLES YES
TERDAY.
HE MARKET CLOSED STRONG.
way and Bond Market Was
Presumed.

NEW YORK, Jan. 28.-Irregularity was the
main feature in stocks today A firm under
tone was in evidence, however throughout
The regularity in the movement of prices
was chiefly attributable to the professional
dealers and others who preferred to take the
profits accruing in the advance. The liquida-
ton in this market for foreign account was
estimated at from 10Go to 1900 shares
The dominating influences in the speculation
were reports of probable developments in the
anthracite coal trade of great Importance as
for example, a concerted shutdown of collier
les by all of the Philadelphia and New York
companies with a view of relieving the con-
gestion of the market and of an impending
advance of 15@25 cents per ton in prices early
in February. Other factors were decided
weakness in the market for sterling exchange,
bringing the rates down to figures prohibitory
OF exports of gold, except of a special charac-
ter and the formal decision of the majority
OF holders of the consolidated first mortgage
bonds of the Kansas Pacific railroad to ac-
cept the terms offered under the general Union
Pacific reorganization plan. An item of wide
spread interest in financial circles was the de-
cision OF the United States suprem court CIV
ing the Milwaukee court jurisdiction over the
Northern Pacific system in regard to receiver
ships The traders started in early to effect
a substantial reaction, but failed to create
much impression, and material declines were the
exception. The appearance of supporting or
ders in different parts Of the list soon caused
d. SCTdHnDle 10 cover, IN which all or the early
losses were recovered. In the interval between
the end Of the first hour and delivery time,
the only important movements were in Man
haitian, Sugar and Tobacco. In the final
hour, the bullish influences above mentioned
were more fully reflected and advances ex-
tended to "a per cent in New Jersey Gen.
trail. The grangers improved k@1A per cent,
Sugar, w, and Manhattan, per cent. A
slump Of 31s per cent occurred in Consolidated
Gas, but was unexplained unless due to real
izing sales. An advance of 81 per cent in
New England on transaction Of 100 shares
attracted considerable attention. The traders
were at a loss to account for the movement
The adhesion of the Kansas Pacific CONSOLE
dated first mortgage bondholders to the Union
Pacific reorganization committee, already re-
ferred to, was followed by an advance of 2
company The market closed strong, with
trading quite animated. The upward move
ment in the railway and miscellaneous bond
market was resumed today, with the Read
ing issues again the features, on buying at
tributed to insiders. The total transactions
were 81, 1881, 000 Governments were we'll held,
except for the new fours registered, which
sales amounted>to 1872, 500. In state mortgages
Tennessee settlements IS figured for $4,000 at
sharp advance, and Virginia deferred 6s for
So, 600 at unchanged prices.
The total sales Of stocks today were 168 S13
shares, including: American Sugar, %, 400;
American Tobacco 11,5G0; Atchison, 400;
Burlington, II, 400; Chicago Gas, 1900; Louis
Missouri Pacific, 300; Reading, %, 800; Rock
Island, $500; st. Paul, 26,4OO; United States
Leather preferred, 1900.
The following table shows the fluctuations
Of the leading railway and Industrial stocks
Yesterday: