St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-01-30

PRESSURE AGAINST GRANGE
Noted In Early DeaIings-Northcrn
Pacific stocks Move Up a Couple
of Points.

NEW YORK, jan 29-The specuIative
movement in stocks today was not attended
Dy any news of general bearing and the
VIDE fluctuations that were recorded were
unexplained except in so far as professional
manipulation was concerned. This was es-
peclaiy true OF Sugar, which by far out
ranked any of the other leading active
stocks in point of activity and advance. and
OF Tobacco, which came second in both re-
spects. There was not even a vestige of
gossip regarding either of the stocks men
TONED. The larger percentage of business
was in the industrials, only three of the rail-
road list, st. Paul. Burlington and Read
ing, recording noteworthy totals. London
was not much of factor beyond moderate
selling orders. The initial prices were GEN
orally at slight concessions from Yesterdays
closing ngures and in the early dealings
pressure was noted against the Changers
IN! me tone OF the market soon changed to pos
!uVe strength, and under heavy purchases for
Doth accounts, advances occurred in the act
I've hst ranging up to per cent with the
coalers. Tobacco, Sugar and st. Paul lead
Ing The movement in the first named was
due primarily to the prevailing impression
that the officials controlling the great an
thraclte properties have determined TO put
an end to the decentralization which has so
seriously affected revenues in the past two
years. Careful analysis of the Reading re-
port OF operations for December which was
published yesterday, resulted in estimates of
decided improvement in the returns of all
the anthracite companies. The publication of
the preliminary annual report of the Della
ware & Hudson Canal company fell fiat
probably because the news had been dis
counted. Among the specialties, Minneapo-
lis st. Louis first preferred rose per
cent, and Minneapolis & st. Louis second
preferred per cent on favorable exhibits of
earnings made public today. Consolidated
Gas continued its upward course, rising to
15712, which figure records a rise thus far
this week of liz per cent. Sugar taken
in hand by the agent of the pool and marked
up to 1882 as against 1864, the early low
point. The buoyancy in the stock impaired
sympathetic strength to the general market.
st. Paul advanced to 7212, and Northern Pa
cific preferred rose IL per cent on increased
earnings for December and the half year.
The decision of the supreme court fixing the
Jurisdiction of the various judges in the
litigation was also factor The closing tone
easier realizing sales but the losses
were fractional aside from Consolidated Gas,
which left off at yesterdays closing
The railway bond market was less active
but displayed firmness. Northern Pacific is
sues moved up 14@214 per cent. The ag-
gregate dealings were 81 603, 900.
Governments ruled firm and higher and
purchases made of $13 900.
Sales of stocks today included American
Sugar. IL, 400; American Tobacco, %, 700;
Atchison, 1000. Burlington, 12,000; Chicago
Gas, II 100; Long Island Traction, $500;
1900; Ontario & Western, $780, Reading,
IS 500; Rock Island, 5000; st. Paul. $4,000;
Southern. $500; Southern preferred, $500.
The following table shows the fluctuations
Of the leading railway and industrial stocks
yesterday: