St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-01-28
G00DDAY0u 'CHANGE
STOCK MARKET ENJOYS A DE-
CIDED INCREASE IN AC-
TIEETI.
SUGAR AND ST. PAUL LEAD.
BUYING WAS LESS PROFESSIONAL
AND PRICES UNIFORMLY
HIGHER.
CoALERs ARE MORE CHEERFUL,
Owing to Confidence in IL Favorable
Outcome of Anthracite Presi-
dents Meeting.

NEW YORK, Jan. 27.-The stock market
today enjoyed a decided increase in ac-
tiYity. 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.
The course of prices. a temporary setback
excepted, uniformly toward a higher
level, and the buying was less exclusively
professional than heretofore. A variety of
influences predsposed the street to bull side.
The 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
Of impending stringency in the money mar
ket has been dissipated. Opinions are now
more generally confident of important foyor-
able developments at Thursdays meeting of
the anthracite coal presidents. Great inter-
est is being 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 in
the event of settlement on permanent lines
the reorganization Of the Reading would be
readlly hurried through, and the well known
policy OF the bankers in charge is to work
up a favorable sentiment through manipuIa-
ton OF the general market. A weaker tend
ency in the sterling exchange market is be-
lieved to have effectually disposed of the
question of gold exports upon an exchange
basis for the Immediate future. London
prices came higher, and fairly large buying
for 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 1851. 12S. and an
increase in net of $685., Gil, and exerted de-
cidedly stimulating influence upon the spec
ulative sentiment The declines in the gen
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 up
4 per cent on further rumOrs of a probable
increase in the dividend rate and coincident
to the reelection of the board Of trustees.
favorable trade conditions. The market
closed active and strong and at general sub
stantal improvements.
The railway bond market was active and
strong, with Reading issues leading at an
advance of H01A per cent. The total sales
were 81, 4S3, 900.
Sales of stocks today included American
Sugar, SO, 300; American Tobacco, 200; At
Gibson s, 700; Burlington 1890; General Elec-
trio. 3400; L. G. N, $500; Missouri Pacific
3 100; Manhattan, $500; Reading, 1880; Rock
way, $500; Tennessee Coal and Iron, $500
u S. Leather preferred, $500; w. u, 400;
Wheeling & L. E.. 3,4OO.
Ths following table shows the fluctuations
Of the leading railway and industrial STOCKS
Yesterday: