The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-21
RAID ON GOLFERS
ONE OF THE FEATURES OF THE
NEW YORK STOCK
MARKET.
LONDON QUOTATIONS LOWER.
SPECULATION FOR RISE DIS
COURAGED BY THE FOREIGN
INDIFFERENCE.
CLOSE SOMEWHAT ARoyE RoUvro,,
I'm the Late Dealings n Better Feel
Ing, Developed ON Covering,
Resulted In RecOveries.

NEW YORK, Jan. 20.-There was further
decided shrinkage In the volums of business
in stocks today, and prices worked toward a
lower level chiefly as a result Of bear ag-
gression. Speculation for a rise was dscour-
aged, at the outset by a reaction in the Lon
don prices of American securities, and the in
disposition of commission house clients to
trade left the field comparatively clear for the
bear professionals and room operators. Sell
ing by houses with Washington connections
was somewhat of feature and the speclalties
as usual on a narrow market scored the
WIDEST fluctuations in prices. The industrials
as a group overshadowed the railway shares
in point of activity, but generally speaking,
the distribution of the dealings was not up to
the recent average. Sugar was irregular with
in range OF 1 per cent, and closed fraction
ally lower. The only suggestion Of news af-
fecting the property was the formal answer of
uo!4ll9u Gun o. AuBdUO0 00IdS UosfoOM Gun
Of the Arbuckle interest for a receiver, deny
ing all the allegations made therein. The
guinness of the general market was relieved
by one or two special movements one in
illinois Steel and another in Susquehanna &
western preferred. The last sympathetically
affected the anthracite coalers generally IL
lnois Steel broke per cent to az on renorts
calculated to convey an impression of the
companys financial weakness. From official
sources authoritative denials were made. A
rald on the coalers made around /: 80
CLOCK IN connection with the published de-
tails OF the decision by Judge Craig rendered
at Stroudsourg Pa, on Monday, sustaining
the injunction restraining the New York Sus-
quehanna & Western from tearing un the
tracks OF the Lackawanna at Gravel Place
"a. me street construed this decision as
Dearlng particularly upon the general legal
controversy between the two companies. Sus
quehanna preferred dropped to 22A, the com
mon Ia, New Jersey Central "a and Reading
per cent Lackawanna, curiously enough
olQ not Inquire In the transactions at all
In the regularly active railroad stocks the
grangers figured most conspicuously Con-
siderable interest was attached to reports of
Impending meetings Of the government rep
resentat1ves in Union Pacific and expected
conference between Attorney General Harmon
and the reorganization syndicate which were
believed to foreshadow proceedings for the
foreclosure of the Union Pacific property
There was not, however, even ripple in the
market for the company's securities The
more extreme declines in the general list
included Consolidated Gas g. Tennessee Coal
and Manhattan IL, Rock Island, Missouri
Pacific, Rubber preferred Tobacco and Ameri-
can Spirits preferred 1 per cent. In the final
dealings a better tone developed, chiefly on
covering and rallies of 1@2 per cent from
Suscuehanna preferred The closing was
steady.
The bond market today gave the first evil
dence OF weakness that has been apparent in
this department for a long time The losses
however, were not material except in a few
instances, and business was more generally
centred in the speculative issues The sales
were 81, 424, 600.
The total sales of stocks today were 1853, 97S
shares, including Sugar, $4,000; Burlington,
13, SEQ; Chicago Gas, 14500; Louisville &
Nashville, 7,7C0; Reading, $500; st. Paul, 49,
100; Rock Island. $500: Tennessee Coal &
Iron, 5000; Southern pfd, 1900.
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: