The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-12-20
NEW YORK STOCKS.

NEY WORK, Dec: 1S.-The rise of prices
was practically uninterrupted during the
short session Of the stock exchange today.
Some very sharp net gains are the result,
exceeding per cent in some of the special
ties. over a point in large number of leading
active stocks and sharp fraction all through
the list. The rise was almost wholly the
result of professional buying, outside inter-
est in the market being at standstiIl Bull
operators extended their lines aggressively
and the bears covered heavily. Prices of
Americans were higher in London this morn
ing that center having become quite per-
sistently bullish on the outlook for values
in this country on long turn. This melted
an advance in the International stocks from
the opening. The specialties were next to
show strength. Manhattan becoming buoyant
on belief that conditions imposed upon the
appellate court would be In effect prohibitory.
Local gas stocks enjoyed the benefit of
runor that differences had been adjusted
between the interests seeking an amalgama-
ton of the gas companies. New Jersey led
a further advance in the coalers on the pre-
valent belief that an effective agreement has
been arrived at for restriction of production
and maintenance Of prices of products. Sugar
was also quite buoyant on covering of shorts.
This combination of strength in individual
stocks, due to special causes, would have
been q powerful sustaining factor in itself.
But the incident that determined the tone of
the general speculation and awakened a gen.
eral buying movement all through the list
was the report from London, afterwards
lion dollars In gold had been withdrawn from
the Bank of England for shipment to the
United States. Taken in connection with the
easing of the call loan rate yesterday after
noon to 2 per cent and the quantity Of funds
Offering at that rate, this report had the
effect of dissipating some of the fears of
traders in securities as to the future of the
money market and aggressive buying con-
tinued The weekly bank statement with the
large decrease shown in surplus reserve,
gave only momentary pause to the up
ward movement; which was then renewed and
continued with buoyant tone to the close
OF the market. Net changes for
the week in prices Of stocks are
widest In the coalers, the gains
extending to over 10 points In New Persey
Central Norfolk & Western pfd, is over
points higher. Otherwise net changes are
mixed and generally within the limit of 2
points Bonds went up and then went down,
like stocks, but still show net gains, remain
ing In most issues. Total sales SIS, 500 900.
u. g. Is have declined IS bid the new As
coupon Il and the registered q during the
week. while the old As coup have advanced
u and registered % during the week.
Total sales Of stocks today, 173.200 shares,
including: Burlington, IA, 293; L. & NJ, 300;
Manhattan, 1890; Missouri Pacific LIS; N
j. Central, 6.735; Northern Pacific, $3.50;
Northern Pacific pfd, 6.295; Rock Island, $685.
St. Paul, II, 421; Chicago G.. W.. 1880; Peo-
pies Gas, S.175; Sugar, 27,652
The following were the fluctuations Of the
leading railway and industrial shares fur
xished By O. II. r. Smith q Co., members