The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-20
VALUES ARE HIGHER
CONGRESSIONAL ACTION ON THE
CUBAN MATTER CAUSED A
RISING TIDE
AMONG STOCKS YESTERDAY.
WEEKLY EARNINGS OF RAILWAYS
SHOWED NET INCREASES
THROUGHOUT.
SUGAR CLAIMED ATTENTION.
AMONG STOCKS YESTERDAY
SUGAR CLAIMED ATTENTION.
Transactions in the Sweet Stuff Very
Heavy-Activity in Northern
Pacific.

NEW YORK. Jan. 19.-The market for
stocks today improved in tone and activity
as the day wore on, and at the close the
general list showed fractional improvements,
while in some cases there was a rise of from
1 to 21a points The close was strong at the
best prices of the day. The extreme ease Of
money call loans being made as low as H.
was potential influence in the markets late
strength. There were several other beneficial
features in the news of the day. the weekly
earnings of railways in nearly every case
were net increases running up to $4,000 in
c. & o., and $50, COO in L. & N. The $15O00,-
600 Illinois Central terminal bonds were con-
siderably oversubscribed. These facts, to-
gether with the action of the house Of rep
resentatives at Washington in sustaining
points of order against Cuban resolutions,
caused rising tide in quotations. the trade
taking the view that legislative action in
behalf of Cuba for awhile, at least, was
improbable. Washington reports regarding
the currency question had little influence on
the London market for Americans, and Berlin
and Frankfort were reported as taking a
pathetic view Of the subject. The transac-
tons IN Sugar and Northern Pacific were in
considerable volume. Sugar rose on street
gossip that it was time for resumption of
the bull campaign in that speciality. North
expression regarding the earnings by friends
Of the property. There were vague rumors
of the likelihood of effort to secure legis-
lative permission for the consolidation of local
gas companies, and Consolidated Gas rose
sharply and retained part of the gain. Met
ropolitan Traction, after erratic fluctuations,
closed at an Improvement. There were ru-
mors Of the possibility of that company de-
claring script dividend Mobile & Ohio ad-
vanced IL. This was attributed to the sub
dend. P. c. & st. L. was strong on the ia
vorable December earnings. The grangers
and local transportation shares shared In
the days appreciation of values. Oregon
Navigation was up points, Oregon Improve
19s; Northern Pacific, 1A Northern Pacific
tihcates. IL. Other notable gains were:
Laclede Gas preferred 1E; New York Sus-
Quehanna Western, ~; P. C. & St. L.. IL
P. G.. & st. L. preferred. 21a; Tennessee
Coal Iron, 13s: There were no important
losses. The bond market maintained a fair
degree of strength. with the transactions
largely centered in the speculative lines
Inc aggregate sales were So, $50 900.
Government bonds showed an easier tenden-
cy.
Total sales of stocks today, 2s7 600 shares.
including 3,215 S. & o., II $50 Burlington,
5000 l.. & H., q, 9S5 Manhattan, Z $50 Metro
pol1tan, 1901 Northern Pacific, g. 499 Northern
Pacific preferred, 1891 R. l., SIPS st. Paul,
2l,1o5 Union Pacific, $3.50 Chicago Great West
ern, 10000 Peoples Gas, 1865 Consolidated
Gas, Al 600 Sugar.
The following were the fluctuations of the
leading railway and industrial shares fur
nished by G. H. F. Smith & Co. members
New York stock exchange and Chicago board