The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-12-10
AN IRREGULAR RANGE OF NET
CHANGES FOR THE GEN
-.s ERAL LIST.
RAILWAY SHARES ARE HIGHER.
SOME LOSSES IN THE GROUP, BUT
SMALL ADVANCES THE
RULE.
Northern Pacific Lifted Out of an
Early Depression by RumOrs
of a Dividend.

NEW YORK, Dec. 9.-The bull contingent
met with some formidable obstacles in their
efforts to advance prices to stocks today, and
the greater part of their success was achieved
in the industrial specialties. The manfpula-
ton in the case of these stocks was very
open and palpable, but some substantial gains
were shown by railroad stocks on the firm
basis of increased earnings. There were
number of stocks also which were persist
emily heavy in tone, and it required vigorous
support to prevent the spread Of weakness
through the whole market. This was notably
true of Sugar which ruled for some time
below yesterdays closing price and fell at
one time to the extent of a point. London
was a very large seller Of stocks on balance
in this market and the volume OF sales on
that account is estimated at as high as 10000
shares, embracing all Of the internationals
Union Pacific fell IL on the resolution OF
the senate to postpone the Kansas Pacific
sale. Manhattan, Northwest and Northern
Pacific and some other less prominent stocks
showed a heavy tone during the early part
of the day. These causes together with the
inertness of the granger group, were per-
sstent drag on the market.
The latter part of the day saw very ami
mated contest between professional traders
for the control of the market. The stocks Of
formly to higher level on the strength of
tips that the underground rapid transit
scheme would fail of Endorsement by the
courts and by reports of the amalgamation
of local transit interests. Manhattan was
the leader of this class, and rose "a, but
all the stocks in that group Of securities
showed sharp gains The bulls accorded the
same method of treatment to the Vanderbilt
group of stocks a little later and raised nearly
all of them from l to points. Finally North
ern Pacific preferred was taken in hand and
lifted out of it's early depression by a re-
newal of reports of an approaching dividend
declaration on the preferred stock. These
last named changes were facilitated by the
return from abroad of an influential inancler
interested in those properties.
The net result shows very irregular range
of changes In the majority of standard rail-
way shares which were left free from manipu-
lation the changes are small. Gains ap-
preaching point are shown in some Southern
railways which abe showing good earning
capacity. Quite number OF small losses
are shown. In the specialties, on the other
hand, including Manhattan, Tobacco, Leather
preferred, Rubber preferred, Brooklyn
Transit, Metropolitan Traction and number
of Vanderbilts, gains extend from point to
23s, the latter in Manhattan.
The bond market continued active and
broad some notable gains being shown in
special cases, and the level of prices through
out the list showing a material advance.
st. Louis & San Francisco trust 0s are Z
per cent higher. NJ. & o. As rose 25s per
cent in accord with the rise of Az in the
stock of that company. Missouri Pacific
bonds were all strong, the collateral 5s rising
8 per cent further, the consol Is and the
trust 5s IA. The total sales reached a par
value of $3SOO,OO0. Government bonds Were
strong all around both the old and new As
advancing a bid and the 5s Is bid.
The total sales of stocks today were SS1 go
shares, including: Atchison pfd, S,SS5; Canada
Southern, 1890; C. & o., 1905; Burlington,
Ii, 165; L. & N, 1920; Manhattan, q $50;
Missouri Pacific, 1850; New Jersey Central
AIS; New York Central, 7,4S0; Northern Pa
cifc, 44SO do pfd, 1887; Rock Island, 12,Os0;
St. Paul, %, 23O; Southern Railway pfd, 1874;
Union Pacific, 1881 Wabash pfd. 4,S75; To-
bacco, 1860; Peoples Gas, S,O25; Sugar, 80
500 Leather pfd 49, Western Union Il 5Ss
leading railway and industrial shares fur
nished by G. H. F. Smith & Co.. members
New York stock exchange and Chicago board
of