The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-12-08
ACTIVITY AND STRENGTH WELL
DIFFUsED THROUGH THE EN-
TIRE ACTIVE LIST.
SUGAR STARTED THE BULGE
ON GOOD SHOWINGs OF NO
VENEER EARNINGS.
NORTHERN PACIFIC UP NET POINT.
Large and Aggressive Operations
Reflected in the Action of the
Market-BOnds Higher.

NEW YORK, Dec. 7.-Today's stock mar
ket displayed noteworthy strength through
out the day and the demand for stocks was
broader and more widely diffused through the
list than has been the case in long time.
There was hesitancy at the opening, prob
ably induced by the lower prices from Lon
don and some of the stocks which developed
most aggressive strength later showed small
losses at the opening. This was notably true
in the cases of Louisville and Atchison pre-
ferred The early strength in the market
was in fact most notable in the specialties.
There was scramble of competing orders in
Sugar, which carried that security up 23s
per cent in the first fifteen minutes of trad
ing. 1t dropped 2 points almost as quick
ly on offerings to realize The largest gains
in the first hour were all in the specialties.
Southern preferred the first Of the rail-
road stocks to attract marked attention and
the price was advanced a point. New Jer-
sey Central also showed a tendency to re-
cover from its recent weakness, though it's
tone rather feverish. This and the
irregularity of Sugar checked the advance
and activity of the market at times and there
were several periods Of dizziness on slight
reactions during the day.
1t was not until the afternoon that the
strength of the railroad list became agrees
western roads being most conspicuous and
holding their gains most firmly. Burlington
advanced at time a point, but reacted
a point before the close, and the grangers
and Western stocks did not compare favorably
in strength with those in the Southern region,
which today began to feel the influence of
the remarkable showing of gains in gross re-
ceipts for the fourth week in November
which have been reported during the week
by the roads in that region. Even Northern
Pacific does not respond as readily, though
its preferred stock gained a point net on a
fourth week statement, that shows an in
crease in earnings over the corresponding
week last year OF 1884, no, which is only a
shade less than 100 per cent. The compari-
son, however, is with week of not very
large earnings last year The statement for
November of the New York Central was
regarded as disappointing, the increase be-
ing only $4,000, as comparing with a month
of not very heavy earnings last year. Great
Northern for November showed an increase
of $336,1SS and Illinois Central 1864, SCI. The
market helped also by the dividend de-
clarations announced today and those in pres
pect.
The street was full of rumors regarding the
dividend On Sugar, but no authoritative an
nouncement accompanied any of them. The
action of the market reflected very distinct
atoms of manipulative combinations,
and there very little out
side interest manifested in the stock di-
vision of the market London, besides mark
ing down prices before the opening here, sold
stocks very persistently in this market, not
ably st. Paul.
The bond market continued to reflect a very
VIDE and varied inquiry and continually
broadening demand. Some sharp gains were
recorded during the day and prices in all
cases were higher Total sales, $4100 000 U.
S. old As reg. advanced Is and the coupon
"a bid
Total sales of stocks today, Ala, 800 shares,
including: Atchison, IA $40; Burlington, H.
12O; L. G N. 70, 1e5; Manhattan. 1870; Metro
politan. 3,575; Missouri Pacific, 10 OPS: NJ.
X. & T. pfd, AS; n. j. c., 1855; Northern
Pacific, 1908; Rock Island, 1925; Reading,
AGO. st. Paul 31,52O; Union Pacific, SOP;
Spirits. Il, 200; Bay State Gas, rs, 1850; Chicago
Gas, 1870; Standard Rope & Irvine, $3.50;
Western UniCn 6,797.
The following were the fluctuations of the
leading railway and industrial shares fur
n:shed by C. H. F. Smith & Co., members
New York stock exchange and Chicago board
of trade: