The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-03-16
BOOM on IN STOCKS
AGGREGATE or NEW YORK TRAD
ING LARGER THAN FOR SEW
ERAL WEEKS.
GAINS IN MANY SHARES.
EA0fEt~fiNG IN SPECIAL INSTANCES
THE TENDENCY WAS TO MOVE
UPWARD.
VANDERHmTs ESPECIALLY ACTIVE
T'he Bond Market Responded Sharp
~ TO the Improvement In the
Standard Railway List.
vANBERsnTs ESPECIALLY ACTIVE

NEW YORK, March 15.-There were over
z25,O0o shares Of stock sold on the exchange
today, which Is the largest aggregate for
many weeks past. The dealings covered a
wide range of properties, many usually in
active stocks being quite largely dealt in.
and number Of the low-priced shares being
especially notable for awakened activity. This
was particularly true of the Vanderbilt
group, which was remarkable for heavy buv-
Ing and strength. The tendency of the mar
ket was, in fact, strong throughout the ex-
cepuons being stocks which were subject to
some special influence. The leaders have
been expecting for some time that the as
sembling Of the extraordinary session Of
congress would operate to some extent as a
bear influence, and have put out short lines
OF stocks In anticipation of a fall in prices
The strength of the buying movement which
SET IN Immediately after the opening conse-
quehtly TOOK them by surprise, and the efforts
10 cover helped the advance in prices A
notlceaDle TACT in connection with the activ-
fly in the Vanderbilt group is the manner in
which the buying movement passes from one
to another OF the stocks. This has given rise
TO the belief among some dealers that the
large capital interested in these stocks has
come into the market for active participation
again. The advances which occurred TODAY In
was fractional reaction in New York Cen
trail and st. Louis and Northwest. Some ir
regularity manifest at different points
III the list, and there were occasional reac-
uons' due to proft-taking, but the general
tendency In the railway list was upward
me grangers showed fractional gains. St
Paul being exceptionally active and strong
at higher level than the London eouiva
lent, which led to some arbitrage selling
mere, all offerings from that source being
well absorbed. The industrials did not share
In the advance in the rest of the market
Sugar moved irregularly but showing weak
ness on the sugar schedule IN the new tariff
DILL as presented to congress. The net loss
on the day in this stock was u The Ruh
Der shares abored under rumors of a. price
war with another company the common
STOCK losing "a and the preferred 2h Full
Tecoverles were made on official denials, but
the price eaSed off again at the close New
Jersey Central, which fell l early in the
DAY, rallied rs; Lackawanna jumped IL and
the other anthracite coalers gained fraction
any on the strength Of efforts making to
iurther consolidate the interests in the trad
ing Missouri Pacific showed exceptional
weakness. breaking points, to 17K, on talk
oilar Glllculty might be felt in meeting early
accrulng interest charges. The stock rallied
B on ofhc'1l denials. The closing was firm
with substantial gains in numerous shares
Inc BOND market responded sharply to the
Improvement in the standard railways, and
| exhibited more animation than for some
time. The gains were of most consequence
In the usually neglected issues, Of which an
unusually large number were dealt in The
sales were $1,731 900. Governments were dull
out dec' ledly firm. The sales were 81 900.
The total sa.es of stocks today were 22S, $40
shares, including: Tobacco, 5000; Chicago
Gas 500; C., c., C. & St. Louis, 5000; L. &
N, II, 600; Manhattan, $500; Missouri Pacific
$500; New York Central $500; Omaha
lI,lO0; Reading, $500; Rock Island 600: 81
Paul, 22,SOO; New Jersey Central, 1900
The following were the fluctuations Of tho
leading railway and industrial shares fur
ntshed by c. H. F. Smith & Co., members
New York stock exchange and Chicago board
Of trade