The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-12-30
STRENGTH IN SUGAR
ONLY ONE OF THE LEADING STOCKS
THAT WAS AT ALL AGGREs-
SIVE.
MARKET WAS PROFESSIONAL.
THE COALERs, INDUsTRIALs AND
SPECIALTIES ALL SUBJECT TO
REALIZING PRESSURE.
SOME FIRMNEss IN BURLINGTON.
Net Fractional Declines the Rule In
the Railway Group-MOney
Still Firm.
MARKET WAS PROFESSIONAL
SOME FIRMNEss IN BURLINGTON

NEW YORK. Dec. 2e-Sugar was the only
one of the leading stocks Of the list to show
any aggressive strength today, and after
rising at one time almost two points 1t was
overcome by the general heaviness in the rest
Of the market. and closed with only small
fractional net gain. 1t was professional
traders market throughout and the indus
trials which had been recent favorites with
the bull clique showed the effects of realiz-
ing today All the local traction stocks were
heavy. but the selling was not coupled with
any news In Manhattan the fall reached
2 points. and in Metropolitan Street Railway
more than that. Brooklyn Transit advanced
fraction early, but fell again over point
Consolidated Gas is 31A points lower than last
night. Tobacco was notably active all day,
and rose quiet strongly an irresponsible
report that the quarterly dividend on the
common stock had been advanced again to
per cent. Disappointed holders sold the stock
down points when it became known that the
rate was retained at 2 per cent. New Jersey
Central and the coalers generally did not
escape the weakness of the other specialties,
and show sharp losses. An indication Of the
narrowness of the market was the fact that
until near the close there was not a single
sale Of such usually active stocks as Mis-
souri, Pacific and Chesapeake G Ohio. Bur-
lington showed a degree of frmness in the
railway list on buying, invited by yesterdays
decline. The Buffalo, Rochester & Pittsburg
stocks were both conspicuous in strength,
the common advancing points and the pre-
ferred points. Fractional net declines
were, however, the rule in the railway list.
Today's clearing house statement showed
the subtreasury debtor again to the extent
of 81 ,150, $50, a reflection of the additional
redemptions of Pacific bonds. Still the
money market declined to yield its firm tone
In any marked degree, and 1t was only In
exceptional cases that loans were below 3a
per cent, and in some cases per cent were
paid. Demand sterling, also hardened a shade
today Reports from other domestic centers
show that their bank reserves are at present
unusually high, but exchange continues to
run against New York 1t was reported to-
day, however, that Philadelphia and Boston
had repaid large loans as the result Of the
high rates here. The large balances at the
clearing houses show that there is quite an
extensive shifting of loans still in progress.
Prices Of Americans declined in London to-
day. and ceiling here for London account
was quite factor in the decline.
Activity in the bond market was confined
to middle and high grade issues, the specu-
lative issues being stagnant Prices generally
advanced. Total sales, s1,750,O 900. United
States As, coupon, and the As registered,
were "a lower bid, the new as, coupon, IA
lower. and the 5s * lower.
Total sales of stocks today were 219, 100
shares. including: 1916 Burlington, 81, 1876
Manhattan, 5,35S Metropolitan, $3.50 Northern
Pacific. 3,675 Northern Pacific preferred, 1920
Reading, 1855 st. Paul, 3d. 430 Tobacco, $500
Chicago Great Western, AGO Peoples Gas,
467S Consolidated Gas, 1920 General Elec-
trio, "a, 055 Sugar, 8,791 Western Union.
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: