The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-19
ACTIVE LIST RAIDED
STOCKS CLOSED WEAK AND AT
SHARP FRACTIONAL NET LOSSES
GENERALLY.
SOME ADVANCES SCORED.
ILLINOIS STEEL, TOBACCO AND
OTHER SHARES RESISTED THE
BEAR ATTACK.
MARKET UNUSUALLY ANIMATED
Early Upward Movement Checked
by Free Selling for Both Ac-
cOunts-BOnds Firm.
MARKET UNUSUALLY ANIMATED

NEW YORK. Jan. 18-The stock market to-
day was quite animated. and the volume of
business considerably larger than on any day
In number Of weeks past. The movement
OF prices was irregular, owing to heavy real
Natlon or profits, which was again partly off,
set by fresh buying for long account The
initial and early trading was characterized
by resumption of the activity and buoyancy
that had marked the close of the previous
week. This condition was assisted by pur-
chasing orders for foreign account The deal
ings were we'll distributed and improvement
was generally noted with the specialtes in
exceptional favor, Manhattan rising ~ per
cent in the regular railway list important
fractional gains were scored, grangers and
southwesterns leading Foreign purchases
were extensive and included large blocks of
speculative bonds
The upward movement was soon checked on
sales for both accounts. Effective support
was evident, however, in some instances and
buying of the higher priced investment stocks
on on larry large scale, generally at substan-
tiaI advances was feature Of the dealings
Dealers In miscellaneous securities also re-
ported the inquiries for high priced material
largely In excess of the supply.
Following the ceiling to take profits the
larger professional bears utilized the news Of
several banks falling in the Southwest to
emphasize the reaction and with fair success
particularly In the Specialties. Manhattan
was offered freely and fell 81 per cent to
9O&c. Sugar was depressed 2, Burlington
~ and other stocks 1@1h per cent from the
top figures. Wheeling Lake Erie stocks
again suffered from liquidation. the COM
mon yielding 1 and the preferred 81 per
cent. In the late trading the selling pres
sure increased and the traders seemed to
meet with little or no opposition in their
raiding tactics. The closing was weak at
sharp fractional net losses in most Of the
active stocks. Among the inactive shares,
however, gains were numerous. Ann Arbor
GcrrNrn co. n
Tobacco preferred and Delaware & Lackawan-
ma ~ and Minneapolis & St. Louis first
preferred and Metropolitan traction 1h per
cent.
The bond market maintained decided
strength throughout and was not Influenced
by the weakness Of the stock market. Deal
ings were unusually large, aggregating 81
969, 900 and included greater variety of issues
than has been dealt In for long time Some
of the inactive bonds were conspicuous for
wide changes. particularly Spokane & Pa
louise frsts trust receipts, which sold at
"a against rs the last preceding sale on
Sept Is, 1898. Among the more noticeable
gains were: Missouri Pacific frsts collat-
eral 6s and Union Pacific trust 4As trust re-
IS. g Erie frsts extended 6%; Wabash de-
s and Kansas ~ Pacific 'SO' consols, 00s 3;
Chesapeake en- & Ohio class A. first, 1k;
lists. W. Minneapolis & st. Louis consol 5s.
Union Elevated lists, Edison Electric eonsol IS,
l per cent. Governments were quiet but
rather firm on purchases of 500, 900. State
issues were in demand, Virginia Centuries
touching 81 on purchases of 81 GOO.
The total sales of stocks today were 3O4 TIC
including: Tobacco, 7,1OO; Atchison, 100;
Sugar. a, 300; Burlington, 42,6OO General Flee
trio, $500; l.. & N, IL, 400; Manhattan, $500:
Missouri Pacific, 4,500; Reading, 2O,50O Rock
Island, $780, st. Paul 29, 400; Southern pfd.,
Il, 100; Tennessee Coal & Iron, $500; W. &
l.. E.. $500. -
The following were the fluctuations of the
leading railway and Industrial shares, fur
nished by G. H. F. Smith & Co., members
New York stock exchange and Chicago board
of trade: