The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-19
SLAUGHTER STOCKS
SHARES THAT HAVE PROFITED BY
RECENT APPRECIATION HURT
THE WORST.
THE RUM0R MONGERS ACTIVE.
REALIZING LENT ITS ASSISTANCE
TO THE RAID BY THE
BEARS.
A MARKED CHANGE IN THE TONE.
Early Trading, In Part Manipula-
tive, Indicated an Undertone of
Strength In the List.
THE RUMOR MONGERS ACTIVE.
A MARKED CHANGE IN THE TONE

NEW YORK, Jan. 1S.-Prices were slaught-
cred in the afternoon trading on the stock
exchange today, especially those properties,
including local traction lines, which were
most benefited by the markets buoyancy
yesterday. Prices opened with fractional ap-
precautions in sympathy with London, which
traded moderately both ways but buying
slightly more than they sold Large opera
tors were not very active in the local market
until the last trading. There appeared to be
a general undertone of strength in the early
transactions, but the temper gradually changed
and rumor mongers were not idle. Among
other efforts to depress the market there was
circulated an unfounded story that the Unit
ed States minister to Spain had sought the
protection of the British embassy at Madrid
Realizations of profits by large interests aid
ed the bar rail, uncovering stop loss orders
and the market closed at or near the lowest
and very weak. Manhattan Elevated and
Metropolitan Street Railway advanced early
on manipulation, but the interests that
engineered the advance in these securities
seemed later to have changed their position.
Sales under the rule today for the account of
the brokers, who suspended yesterday, de-
pressed Brooklyn Rapid Transit, Cleveland
Lorafn Wheeling, and Tennessee Coal G
Iron and some of the grangers.
The senate finance committees approval
OF government bonds in either gold or silver
was used by traders a bear card. The
resolution presented in the house in the
form of an amendment for the recognition of
CUBAN bell1gerency was not known until near
the closing hour. In the general list, the
decline from the high point ranged from
to points, but the net losses in most cases
were fractional The net losses over a point
were as follows: Burlington 1A; Manhat-
tan. 1as; Michigan Central, IA; Mobile &
Ohio, IL; New Jersey Central, IA; New
York, Chicago & st. Louis, second preferred,
z; T. c., c. ST. L. pfd, ~; Tennessee
Coal Iron, IL. Among the gains were:
American Spirits pfd, L; Denver & Rio Grande
pfd, L, and National Starch, LIST pfd, ). Easy
money and favorable statements of railway
earnings had little influence on prices
The bond market was well held, despite
the heavy liquidation in the stock market
In the issues which have been conspicuous in
the dealings of late continued to vibrate
violently. Total sales, s., $40 coo.
Government bonds showed some hesitancy
with quotations for the hves shaded
Total sales of stocks today were 1886 200
shares, including 1882 Atchison pfd; 20 2S0
Burlington $3.50, L. & NJ; 4O,342 Manhattan;
6,2S7, Metropolitan 6,10o, Missouri Pacific;
IL, slS N: y C.; 2S 250, Northern Pacific; 15,-
49, 70 &c do pfd $50, Reading; 4150 Rock Island;
Union Pacific; 3,C22, U. P, D. & G.; 1890
C. G. w; 54,7sS, Sugar; 5000, T. C. & /.
The following were the fluctuations of the
leading railway and industrial shares fur
nished by c. II. F. Smith & Co.. members
New York stock exchange and Chicago board