The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-30
n. p.ST0cKS STRONG
ROADS SECURITIES FIRST in POINT
OF ACTIVITY AT NEW
YORK.
GENERAL LIST INFLUENCED.
COURSE OF PRICES IRREGUL AR,
BUT THE MARKET LEFT OFF
STEADY.
RAILWAY BONDS VERY ACTIVE.
In the Cases of Some of the Recently
Depressed Issues Material Ad-
vances Were Scored.


NEW YORK, Jan. 29.-The stock market
today was slightly more active and the deal
irgs, aside from Northern Pacific and Sugar,
which ranked first and second in extent Of
trading, were fairly we'll distributed. The
course of prices irregular with some
special movements in a few stocks, due to
particular developments The Northern Pa
cific securities were decidedly strong on a
demand for foreign account, based upon ru-
mors of impending alliances likely to streng-
then the system and expectations of improved
earnings. The common stock rose fraction
ally, while the preferred gained 13s, touching
S63s. A favorable sympathetic influence on
the general list resulted, which served to
onset a demonstration against Burlington by
the bears, which was attended by predictions
OF disappointing statement for December
The coal stocks, on moderate transactions
were again prominent. The Lackawanna an
nuaI report showing a deficit of $500 PSI, after
charges and dividends and earnings of only
little over per cent on the stock as
against the per cent paid stemmed an ad-
vancing movement that had been in progress
IN the group. On liquidation and bear pres
sure the stock declined 212, and Delaware &
Hudson and New Jersey Central ~ per
cent each Substantial but not complete raj
lies subsequently occurred in the two first
mentioned properties.
me low priced stocks attracted considerable
interest. Long Island jumped Az per cent
tc 49A on belief that Mr.. Little's report
president Baldwin to the syndicate and en-
courage the execution of It's plans for the
development and extension of the property.
The bears again selected Manhattan for a
special target and forced the price down
per cent 10 SSA. The railway shares gen.
orally moved within a narrow limit, with a
tendency upward. Railway bonds were
unusually active, and in the cases of some Of
the recently depressed issues, material adj
Vances were scored, notably in Hooking Val
ley Us, which rose an extreme 10 per cent
announced yesterday. Sugar lacked support
late in the day, and dropped point This
oechne and the weakness in the anthracite
coal stocks caused recessons in the general
list, but rally occurred toward the close
which was partly attributed to the announce
ment of reduction in sterling exchange fig
net changes.
The bond market was unusually active on
an investment demand for local and foreign
account The dealings covered a wide va
rely Oh issues, and some striking gains were
maze. The sales were 81, 429, 900. The more
important advances included Fl Wayne g.
Genlcago hrsts, 21a; Utah Southern general
nVes, trust, VA per cent; Chicago & Northern
Pacific fives. trust receipts, ~; Union Pacific
sinking fund, Fights, trust receipts, Ia; NJ. e.
M; land grant fives and Northern Pacific ter
e rclna1 nFsts, f12 per cent. The demand for
governments for investment account by cor
poidlons ana individual capitalists continues
brlsk; The new coupon fours rose to 124
me highest price attained in the present
movement The sales were $51, OO0 State
bonds were in better demand and advanced
slightly. 80 civ gu
me total sales of stocks today were 119 400
Sn nan including: Sugar, 1900; Burlington,
9;O0O; ID. H., 1890; Manhattan. $500 Nor
thern Pacific, 100; Northern Pacific pfd. 10 20
coo; st. Paul. $780, go W.
The following were the fluctuations of the
Ieaalng railway and industrial shares, fur
n1shed by O.. H. F. Smith & Co., members
New M YORK stock exchange and Chicago board