The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-14
0pE-FOURTH SUGAR
INTEREST OF THE STOCK MARKET
Conferred IN THE SPEC
IALTY.
TONE IN THE MAIN STRONG.
SHARE SPECULATION, BUT FOR THE
EXCEPTION NOTED, FAIRLY
WE'LL Distributed.
TONE IN THE MAIN STRONG
DAYS NET CHANGES UN1MPoRTANT
For Prime Bonds the Investment
Demand Was In Excess of the
Visible Supply.

NEW YORK, Jan. 13.--Today's extremely
limited speculation fairly we'll distrib-
uted aside from Sugar. which figured for
nearly one-quarter of the aggregate dealing
and the tone was in the main strong. The
movement irregular. In the early ses-
sion the market was spirited and higher
prices were recorded ON London purchases
and moderate local commission house buying,
eked out by covering of shorts. The i'm
provement considered due to the pres
sure of idle money, which, in the absence
OF the recent regulation disturbing rumOrs
and reports, is seeking investments in bonds
and stocks of intrinsic merit. The trad
ers generally appeared disposed to play the
bull side, owing to the failure of long stocks
to come out in recent raids, and bid prices
up whenever covering efforts were detected.
The specialties were again conspicuous Con-
solidated Gas rose 37s per cent to 143A on
more reassuring gossip as to the legislative
probabilities at Albany. st. Paul & Duluth
after long continued inactivity rose 11a
per cent on light trading. Wheeling & Lake
Erie, however, displayed further heaviness
despite the official statements deprecating
recent rumors. The common sold off frac-
ton, but the preferred declined 31a per cent
touching IA. There news on the
companys affairs, and the lack of support
excited unfavorable comment Very little
interest attached to the annual meeting of
the stockholders of the American Sugar Re
lining company, as nothing but routine bust
ness was expected to be transacted. The
stock sold UP fraction early but in the
last hour declined IA per cent on the report
OF the application Of the Arbuckle interest
at Toledo for a receiver for the Woolson Spice
company of that city, control of which was
recently acquired by the American Sugar
company. The general list subsidized into gen
eral dullness after midday, and, aside from
the decline in Sugar, the late movements
in prices relatively unimportant Reali-
cations caused slight fractional recessions,
but in the final dealings the selling pressure
was more pronounced, and the market closed
heavy at unimportant net changes.
The demand for prime bonds was in excess
Of the amount offered, and issues which have
! long been inactive now prominent in
the dealings at substantially advanced pric-
es. Sales were 1556, 000 The more impor-
tant gains were; Burlington, Denver div1-
sion As, 212 per cent; Louisville &C Nashville
| u.s. Standard Rope incomes ~; st. Paul
| sinking fund 5s, 2%; Oregon Improvement
| consol 6s trust receipts, 1E. Governments
improved slightly bid prices, but no
| transactions were made. In state bonds, Vir-
| $4,000. Silver certificates, after continued
neglect, were dealt in at GAYS for s., 900, as
compared with 65A the preceding sale. The
total sales of stocks today were III, 498 shares
| Chicago Gas, 1900; Manhattan 3OO0 Reading
| $500; st. Paul, $500; Tennessee Coal &
| Iron, $500; Union Pacific, 500; Wheeling &
Lake Erie, 100; silver certificates, 5000.
| 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: