The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-14
NEWS FROM HAVANA TURNED TO
ACCOUNT BY THE STOCK
SHORTS.
BUOYANCY IN VANDERBILTS.
THIS STRENGTH ARRESTED THE
LIQUIDATION AND STEADIED
THE MARKET.
Large Dealings In Some of the High
Priced Investment Issues
Losses the Rule.

NEW YORK. Jan. 13-The stock market
was under more or less pressure today, on
account Of the news from Havana. There
was heavy realizing at times, and some ag
gressive attacks by the bears A number of
large operators, recently on the bull side,
changed front and sold stocks today and
the impression on the market would undoubt-
eddy have been much more serious had it
not been for the remarkable strength and
buoyancy of several of the Vanderbilts. This
strength arrested the liquidation and stead
led the market and the declines afterwards,
in the general list, were not large, even
when these stocks themselves reacted on
proft-taking. The declines at the opening
were checked also by the execution of COM
mission house orders which had accumulat-
ed over night. These were the principal
causes to neutraliZe the undoubtedly serious
view Of the situation in Havana, and it's
bearing on the relations between the United
States and Spain which is held in Wall
street. There news to account for
the buoyancy of the VanderbiIts beyond
vague rumors Of intended change Of
policy in administration looking to the re-
duction of operating cost and an increase in
dividends. The extreme rise in Lake Shore
reached points, and there was much
in New York Central. Other members of
the group gained all the way from 1 to 2
points. There was quite large dealing in
some of the high-priced investment stocks,
Pullman rising points and Great Northern
preferred points. Some part of these tran
sactions were probably designed to test the
volume of offerings which would be Invited
by the advance in prices. Manhattan, Metro
politan and Brooklyn Transit were all strong,
and the first and last named gained points
over.
Sugar was the central point of weakness
and liquidation in it heavy. The price
was down "a at one time, and the bears put
out short lines on this stock on a large
tive cause of wiping out the decline. The
grangers and the recent speculative favor
ites-Union Pacific and Northern Paciic-suf-
fered from profit-taking.
London sold in this market with a view
to taking profits on yesterdays purchases, or
owing to disquiet over the Havana incident,
was not clear. Net changes in prices gener
ally are on the side of losses.
Dealings in bonds continued large, though
in somewhat reduced volume, and marked
gains were shown by some of the high grade
bonds Total sales SO. $685. coo. U. S. new As
coupon were Il lower bid and the Is Y lower.
The total sales of stocks today were 513,-
900 shares, Including, Atchison pfd, 9,419;
Manhattan 1881; Metropolitan, $50;
Michigan Central 4,6G0; Hawaiian Com.
Co., 6,1GO; Reading pfd, so, $50; Northern Pa
cifc 20; Chicago, Ind. & Louisville, 1850;
N. Y. Central, 4097; Northern Pacific, 1917;
Northern Pacific pfd 81, 42O; Northwest Ter
minal, 1880; Rock Island, 7,545; ST. Paul,
80 us; Southern R'y pfd, 252; Union Pacific,
Is. 4O5; Wabash pfd, 500 Wheeling & L: D.,
General Electric, $3.50; Sugar, rs 4OS; west
ern Union. 1852
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 aHd Chicago board