The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-23
STOCK list WEAK
MANY SPECIAL MOVEMENTS, CHIEF
LY DECLINES, CHARACTERIZED
THE MARKET.
UNION PACIFIC RULED UP.
EXPECTATION OF AN AGREEMENT
GAVE IT'S SECURITIES A STRONG
BRACE,
GROUP OF CoALERs RAIDED
SpeciaItfes and IndustrinIs Were
Also the Subject of UnweIcOme
Attention From the Bears.

NEW YORK, Jan. 22.-Many special move
ments in stock prices, chiefly declines, oc-
CURED today a light volume of business.
The general effect was weakness, although
the distribution of the transactions was very
indifferent. Union Pacific ruled superior to
the downward tendency on expectation of an
agreement between the government and the
reorganization interests, involving steps for
the foreclosure of the Union Pacific and Kan
sas Pacific properties. The official announce
ment OF the agreement did not reach the
street until long after the close of business.
Inc stock developed strength and activity in
the late session, advancing 1a and reacting
" per cent the close. Kansas Pacific
consol is trust receipts were also conspicuous
rising 31a to 51A. Other gains in the Sc
curities of the system included Denver firsts
assented trust receipts 4; Union Pacific sink
ing fund IS, trust receipts; Union Pacific
sinking fund trust receipts 97 and '9S trust
receipts, per cent.
The weak features of the market included
the anthracite and bituminous coal shares
which were depressed by the acknowledged
untaVorable condition of those industries and
some of the specialties and industrials Hook
ing Valley dropped 21a Per cent to g. then
became quite erratic, eventually touched IL
and closed at 1912 The general IS declined
per cent to n, and rallied TO 1874 the IS fell
S12 to II and closed at 1872. The slump was
attended by revised unfavorable reports re-
garding the financial condition of the com
pany. In the anthracite coalers Delaware
q hudson sold off to 1912 on expectation of
d ulscourag1ng preliminary annual report to
pc published next week. Lackawanna dropped
IA, and New Jersey Central IL per cent To-
6acco fell nearly per cent on the decision by
Judge Fitzgerald that the directors of the
company must stand trial for conspiracy.
Sugar and Chicago Gas received support
but did not retain the full improvement scored
early.
The general market opened weak and soon
sagged sharply under a drive at the coal
Shares but the losses were comparatiyely
less severe than in that group Soon after
the nrst hour supporting orders led to sub
Stantlal improvements in prices under the
leadership of Sugar. The market became
intensely dull after midday, and the deal
hour, when renewed pressure was brought
70 pear on the coalers and Tobacco. Long
Island opened at 421@ declined to AZ and
left off at 1872. The comparative strength
u the STOCK IN the face of further unfavor-
able reports as to the probable result of the
expert financial and physical examinations
was due to inside support. The market closed
Gull and weak, with the net losses slight in
the more prominent stocks.
hallway bonds were moderately active and
generally firm. There were few changes of
consequence, aside from those referred to in
tne stock review. The sales were ST. $40 O0O
Governments were in brisk demand and i'm
proved slightly on purchases of $78, 0O0 State
bonds were firm. Virginia Centuries touched
62 on purchases of 81, 500. The total sales
OF stocks were 1880 shares, including
Iobacco, LOO: Sugar, "a, 100; Burlington 49,
800; B. & o., 3,4O0; Chicago Gas, 5000; c.
H. V. q T., $500; General Electric 45OO; L.
q NJ, 5000; Reading, 800; Rock Island, 8 100;
Union Pacific, II .000
The following were the fluctuations of the
leading railway and industrial shares fur
nished by C. Fl. F. Smith & Co., members
New York stock exchange and Chicago board
of trade.