The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-20
GENERAL NET GAINS
PRICE MOVEMENT OF STOCKS IR-
REGULAR, BUT THE UNDER
CURRENT STRONG.
THE DAYS DEALINGS LIGHTER.
INACTIVE SHARES MUCH LESS
PROMINENT THAN THE PREVI-
Gus SESSION.
BONDS CONTINUE TO TREND UP.
Material Gains Scored In a Number
of GiIt-Edged Issues-AtchisOn
Weak.
BONDS CONTINUE TO TREND UP.

NEW YORK, Jan. 19.-The volume Of busi-
ness in stocks today was about one-third
lighter than yesterdays aggregate and the
unusually inactive shares were decidedly less
prominent. The movement In prices was
irregular, but an undercurrent of strength was
discernible and, as a result Of the days oper-
atoms, almost general net gains were scored.
In some of the high-priced industrials the ad-
vances were material. There was but little
news calculated to bear upon the general
list. An undecided tone in the London mar
ket for American securities was offset senti-
mentally by the cabled announcement of
reduction in the discount rate of the Imperial
Bank Of Germany and the initial quotations
were generally above yesterdays final prices.
the execution of selling orders for London
account and contradictory expert reports as
to the probability or practicability of ship
ments Of gold to Europe regardless of inter-
national credit conditions, together with the
absence of commission business soon encour-
aged bear activity. In the reaction. Tobacco
and Sugar were conspicuous. The setback
was short-lived, however and the market
again started upward under the leadership
OF Consolidated Gas, which, on comparatively
active trading, rose 312 per cent to 14S The
advance was attended by the publication of
Albany dispatches suggesting less discour-
aging legislative outlook for the company
Other gas stocks advanced sympathetically,
but the gains were less marked.
The general market displayed steadily in
creas1ng strength as the day progressed with
Sugar Manhattan and the grangers in good
demand for both accounts. Manipulation was
apparent in some OF the low-priced stocks
which accelerated the advance The Atchi-
sons, in marked contrast to the general trend
OF prices developed heaviness and lost sharp
fractions on announcement that the United
States circuit court had refused to dismiss
instituted hnnnhn1dor ooair inst
the former directors of the company for an
alleged illegal issue of st. Louis & San
francisco 4 per cent bonds. In the indus
trials, Leather preferred rose 1 per cent and
sugar per cent. st. Paul & Omaha common
was more active and gained a point on ex-
pectation Of an early call for the meeting
stock will be declared Profit-taking caused
a general reaction in the final half hour of
business, but the losses, as rule, were not
important. The closing steady.
Railway and miscellaneous bonds continue
to trend upward on investment purchases for
foreign and domestic account. The speculative
Issues tsa s n, inquired largely in the dealings, but
the gains were mainly fractional. The usual
~ inactive bonds fuctuated widely and ma
ter1al gains were noted in some of the gilt
EDGED securities The sales were SPAS, Goo
ern Eds and louisville Nashville Pensacola
DLyison Is ~ per cent; Consumers Gas Of
D. Division IS and Southern Pacific of Ari-
iona firsts, l per cent; Spokane & Palouse
1rsts, trust receipts, 1 per cent. Some few
declines occurred from 1 to 2 per cent. Gov
ernments stiffened slightly on purchases of
$4,000. Silver Certificates were active, but
steady on dealings aggreegating $4,000.
The total sales of stocks today were 222 700
shares 81 ares including: Tobacco, 3OOO Sugar,
56s geo; Burlington, 10000; Chicago Gas
$500; Consolidated Gas, 400; General Elec-
trio, $780, L. N, $500; Manhattan, 400;
Rock Island, 4,700; St. Paul, 1850.
The following were the fluctuations of the
leading railway and industrial shares, fur
nished by c. H. F. Smith & Co., members
New York stock exchange and Chicago board
of trade: