The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-18
aEY STOCK BULGE
PRICES OF ALL THE STANDARD
SHARES MARKED UP A
FRACTION.
THE TOTAL DEALINGS HEAVY.
SALES FOR THE DAY NOT FAR
FROM HALF A MILLION
SHARES.
DEALINGS WIDELY DISTRIBUTED.
Companies Expected to Profit by
k1ondfke Traffic Notably Strong
-BOnd Market Quiet.

NEW YORK, Jan. 17-Standard shares show
a fractional improvement on the day, ex-
cept in the case of some shares in which
special influences were operating in their
favor and there the improvement was mark
ed. The dealings were widely distributed and
had a generally healthy tone. Stocks sold
Friday and Saturday the ground of pos
sibie complications were repurchased today.
Total dealings amounted to nearly half
million shares. London and the continental
bourses were sustaining factors, although
the purchases for foreign account were
meager, as the local market early outstripped
the foreign initiative toward a higher level.
Pronounced activity and strength were dis
played in the local transportation shares.
Metropolitan making a net gain of 61a That
security was marked up by It's friends on
rumors of closer relations to Manhattan, 1t
being reported that with the installation Of
an electrical equipment for the Manhattan
elevated railway, the Metropolitan property
could effect saving by utilizing the electri-
cal power. This rumor, however, received
no published verification. Sugar, on enor-
nous transactions, made a net gain Of q,
although in the earlier transactions there
was considerable weakness noted in that Sc
curity. The old subject brought up
of what the result of Hawaiian annexation
would be with free importation of Hawaiian
sugar, and the probability that by midsummer
there would be competition between sugar
refneries now being erected.
Stocks of properties located in the Pacific
Northwest were generally benefited by the
belief that they secure more traffic ow-
ing to the Klondil1e boom. Oregon Railway
and Navigation company had earnings from
July l to Nov 80, said to be very large.
Burlington, ST. Paul, Northern Pacific and
| Union Pacific were strong. The non-appear-
ance OF the Nebraska maximum freight de-
cision a maintaining factor in the days
news. Brokers seemed to give some credit to
the reports of closer relation in the manage
ment of all Vanderbilt lines Lake Shore,
Michigan Central and New York Central were
particularly strong, showing approximate
gain of per cent National Lead on very
small transactions, was fractionally higher.
The fact that New York and Chicago are
! lending money on the London and continent
tai markets cotinues to be favorable factor,
the foreigners so far having liqudated for
Americas unparalleled exports only to the
extent of returning some American securities.
In todays market the gains of importance
were Consolidated Cas- 2; Wells-Fargo, 4;
Manhattan, 235; Metropolitan Traction, 612;
Northern Pacific, rs Oregon Railway and
Navigation, Az; do pfd, III; Pittsburg, Gin
cinnati, Chicago & st. Louis, IA; Western
Gas Co., 2; Wisconsin Central, g and the
STOCKS closed strong.
The bond market showed a falling off in
transactions, but a considerable undertone OF
strength evident. which was reflected in
substantial appreciations in many of the
| usually dominant issues. Seattle, Lake Shore
Il Eastern first trust receipts jumped Z
points to 70 on reported competition for con-
troll of the road, but subsequently lost one
half of the rise. Wisconsin Central frsts
trust receipts were also in urgent demand,
and gained q per cent. The aggregate sales
were So, 525, 600. Government bonds showed
I 10 Is
Total sales of stocks today 43S, 900
shares, including: Atchison pfd, 4,03S; c. &
o., Also; Burlington, 13,475; L. & N. $50;
| waiian, 5375; Missouri Pacific, 4,SO1; N. Y.
Central 1920; Northern Pacific, 80, 2S5;
Northern Pacific pfd, 24,563; Oregon Railway
and Navigation, 1858; Rock Island, $3.50; ST.
Paul 1925; Southern pfd, $500; Union Pa
citic, %, $40; Tobacco. 1927; Chicago G. W,
6,2]0; General Electric, 3,4OO; Sugar, u6,
Western Union, $685..