The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-25
A PROMPT LIQUIDATION ON THE
NEWS OF THE NAMES DE-
PARTURE.
MOVE TAKEN SERIOUSLY.
THE PACIFIC OFFICIAL
STATEMENT.
NET LOSSES THROUGH THE LIST.
Nearly All of the Active Shares Off
From One to Two
Points.

NEW YORK, Jan. 24.-There was nothing
particularly interesting in today's stock mar
ket, previous to the reception of the news
that the United States ship Maine had been
ordered to proceed to Havana. Until that
time the market was wholly in the hands
OF professional traders and transactions were
on a small scale Standard stocks were neg
lected and the securities of the local corpor-
atoms, which are more or less dependent
upon municipal favors were briskly manipu-
lated. Later some of the Vanderbilt stocks
were taken up and advanced sharply The
general market remained persistently heavy
during all this time, but f1uctuated very mar
rowly the offerings being light as well as
the demand. In the internationals. the de-
clines were hardly as pronounced as those
reported from London. This state of affairs
continued until after midday, when it was
followed by general improvement prices of
the majority Of the stocks having risen a
shade above Saturdays close, just before the
selling movement, induced by the news of
the Names movement began. This news was
regarded with skeptcism at first and the
market held steady for a time but upon
the puDncatfon of The accredited report LIQUID
alion promptly set in. The offerings were not
on tremendously heavy scale but the de-
mand was light and prices fell rapidly. Spe-
clalt1es, which had been marked I'D IN the
morning and some of the railroad stocks
"hlch nave shown the greatest strength re-
Gently, suffered the heaviest losses on a rush
TO take profits The Northern Pacific and
Union Pacific were conspicuous sufferers in
this respect. Northern Pacific preferred was
at one time off points In a few cases frac-
tlonai net gains remained after the late de-
cine, Dut losses OF about l and points are
very frequent all through the list of active
STOCKS, including the leading specialties, the
grangers and Missouri Pacific
Inc attitude Of the authorities at Wash
lhgton In attaching as little significance as
possible to the proposed movement of the
Maine' hao little effect in allaying the bear
lsh tendencies In the market With the ex-
ception of sharp rallies in the local Now
YORK group, the market closed weak and near
the lowest. In the last fifteen minutes of
uaolng Third Avenue slumped to 49, and
'Heh Jumped 742 points to 181, a fair example
OF the instability of this group Of stocks. The
H from Washington that the deposits in
New forK banks on account of the Union Pa
enc sale would be called in ten weekly in
stallments, the first on Wednesday next uas
douotless with the concurrence and the an
Pr ProVa1 OF the banks in which the deposits
niaco me n government arranged in the first
place 10 leave them there in order to guard
agaillst strlngency in the money market
l Inelr withdrawal now, it is hoped may give
eTMe lome TO the money market, which has
sun greater congestion of idle funds Today's
can loan market, however, showed no uuotable
The bond market showed increasing weak
ness as the day advanced, in sympathy with
stocks, the declines being marked in those
DO which have shown recent strength. The
United o1ited states new As fell u in the bid price
To-Day. me calling of the government de-
posts posts. in New York tends to increase the
supply OF government bonds by releasing
those which have been placed as security for
these deposits. i0i
= Total sales, of stocks today were 200 300
SHARES, including: Atchison pfd 1920; Bur
lii 5in 9do 20 Oso; L. & N. $500; Manhattan,
81 10y 49,; Metropolitan, 12.1s0; Missouri Pacific
300; N: J.. Central, 1850; N. Y. Central
$74S; Northern Pacific pfd. H, $50; Ontario
@ O. western, 800; Rock Island 8765; St. Paul,
ZIl5O; Union Pacific, Is, $50; Spirits. 3450:
Tobacco. II 500; Chicago G: w, 5,545; PEOPLES
G GS;; DOE; Consumers Gas, 14225; Pacific
1870. onioh'
The following were the fluctuations OF the
ieaQlng railway and industrial shares fur
nished by G. H. F. Smith & Co, members
New York stock exchange and Chicago board
OF trade N