The Saint Paul globe., 1897-01-16
SPIRIT IN STOCKS
II 80
MARKED CHANGE IN THE MARKET
IA : FROM CONDITIONS THAT
HAVE RULED.
=
CLOSE AT THE DAYS BEST.
- Q-
RETALIATION ON A LARGE SCALE
-. FAILED TO CHECK THE
MOVEMENT.
Particular Interest Attached by the
Street to the Growing Commits
!
sion House Inquiry.

NEW YORK, Jan. 15.-The stock market
underwent decided change today from re-
Gently ruling conditions, and displayed de-
gree of spirit that has not been witnessed for
some time past. The only apparent in
huences upon the speculation were decidedly
favorable, including the exceptionally strong
International trade portion of the United
states, illustrated by the excess of exports
over imports in December of $59, 81, ,098. The
absence OF depressing news, London buying
our stocks and bonds and pressure of money
at this center, which is now being steadily
reflected In the increasing demand for prime
investment securities, all combined to lift the
market out of the rut in which 1t has been
lying. The official announcement foreshadoW-
ing the declaring of the regular quarterly
dividend Of 1R per cent in Chicago Gas
helped that stock and the assumption that
changes In the tariff, calculated to unfavor-
ably AFFECT the American Sugar Refining
company, were improbable, was used by the
pulls 10 advance the price of that speciality
with systematic effect upon the general list
Particular interest was attached by the street
TO the strength and activity in railway and
miscellaneous bonds, which induced pur-
cnases ror commission house account The
advance was rounded out by the efforts Of
shorts to Tighten their accounts
"A special influence was exerted on tha
S n" 20 Es vi tne Dltumlnous coal carrying roads
Dy the reported improving outlook for an
agreement as to rates at the meeting in Chi
cago next week. The market in addition to
tne increased activity, showed an excellent
oIstrlDuuon Oh business, although Sugar was
more than twice as active as anv Other in
dlvldual stock The railway shares attracted
more speculative interest than for some time
past; past Inc extreme advances included Illinois
Steel 8; Consolidated Gas and Wheeling &
Lake Erie preferred, 219; Manhattan. 2; Bur
Hngton' 1B; sugar, IL Oregon Navigation
preferred, Tobacco, Pullman and Ann Arbor
pnd prefeETeai MortbE lE L; n: ~; Chicago Gas
Reanlng second preferred when issued were
oealt IN at 5212, with the first preferred Quoted
at % DID, o2 asked. Realizations were on a
large scale at intervals, but the offerings
were well absorbed, and the market closed
strong and active at the best prices.
me upward tendency Of the bond market
Go1'inueS So4 t WIN increasing volume. The mar
Ket exhibits decided broadening tendency
covering many issues hitherto neglected Mis-
souri, Pacific first collateral 5s were traded m
o. % o. oo against 49, the preceding sale on Sept.
20, 1880. Aggregate sales were 81, ,211 OOO The
principal advances were: Omaha & St Iouis
nrSt trust receipts, Az per cent: St Louis e
san san francisco trust IS, 21a; Peoples Gas. Of
CCihicaso, Cint;s consul 6s, Cincinnati, sandusky &
CieVeand hrsts and PEORIA Decatur G Evans
Vliie nrsts, Evansville division 2, do second / ::
Milwaukee Northern f1rsts of 1910 1L
Mh MMorthern racine consul 5s, 1A and do third
Northern Pacific and Montana 6rsts CHICAGO
O. Northern Pacific first trust receipts. Bur
4ngton.. Iowa division, As Chicago g. St.
LOU LOUIS u.s. l per cent. Duluth Manitoba
hrst trust receipts declined per cent Gov
ernments err me were slightly higher on dealings of
SS1, OOO. State issues were quiet but Irregular
The transactions were S5 OO0
The total shares of stocks TODAY wara 90
o43 shares. including: Sugar a, 600; Burling-
to ton T., Is 600; Chicago Gas, 18,9Oo; L. & n,
L. OOo; Manhattan, $500; Northern Pacific pre-,
deIred, 1000; Reading. II, 800; Rock Island
$500; St Paul 1880; Tennessee Coal e
iron, LOO: Union Pacific, $500; W. g. L. r.
o,0U0; southern preferred, $780,
me 1oIloWlng were the fluctuations of the
leading railway and industrial shares fur
nlshed by G. H. F. Smith & Co., members
New York stock exchange and Chicago board
of trade: e0 OoAiu