The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-01-20

THURSDAY. Jan. ~

The bull market got under full headwal
again to-day. The transactions In stocks were
IN excess OF a million shares and In bonds
nearly SS.000.00 o par value. In both depart.
ments the tone was strong throughout. and
higher prices were the rule. The first i'm
petus came from London. where a reduction oil
one-half OF l = cent. In the Bank of England
minimum rate Of discount had a favorable
effect upon the security market. IN which
American shares were the most conspicuous
feature. st. Paul was exceptionally strong
at an advance OF nearly n point. In this market
the Granger stocks were again the leaders In
the railway list. Chicago. Burlington and
: Quincy. Rock Island and st. Paul supplied con-
siderably moro than 10 y cent. Of the total
transactions. and the Improvement in them
: was very nearly uniform. averaging la Y cent.
& The increase In the annual dividend on Omaha
common explained the recent activity In that
stock at advancing prices and naturally en-
Outraged expectations of increased dividends
upon other railway shares within the present
year. The strength ofthe was due chiefly
to an unexpected increase in the volume OF
commission orders. That the volume OF
legitimate business on the Stool; Exchange is
assumin unprecedented proportions is shown
BIZ the demand for memberships. which has
carried the price for them TO the highest figures
ever recorded. and also by the unanimity with
which the members OF the Exchange have
voted to buy adjoining property that the facili-
tics OF the Exchange may be increased to meet
the extraordinary demands that seem likely TO
be made upon 1t for some time to come. q
The constantly shifting interest In the mar
ket reached the Northern Pacific, the Union
Pacific and tho Atchison stocks to-day. Mis-
souri Pacific, Louisville and Nashville. Reading
first preferred and Manhattan Railway also
received unusual attention. The last named.
on sales OF more than 1000 shares. closed AZ
y cent. higher than yesterday at the best price
recorded for II. The market for the stock
IL certainly conflrmatory OF current reports
that the ownership OF the property has
changed hands to a considerable extent.
and that c progress is being made toward
a reduction in the operating expenses Of tho
system by the adoption OF new motive
power. Advices from the West foreshadowinG
the reestablishment of entirely satisfactory re-
iations between the northerly transcontinental
railroads account for the renewed activity at
advancing prices in Northern Pacific and Union
Pacific issues and in Great Northern preferred.
Minor features OF the railway list we're Chicago
Great Western preferred b. Denver and Rio
Grande preferred. Lake Erie and Western is-
sues. Minneapolis and st. Louis second pre-
ferred. New York Central and Norfolk and
Western preferred.
The industrial group made fairly large con-
tribution to the total transactions. Sugar Re-
filming was. as usual. the leader. at a net adj
vance OF 3 points. Federal Steel common re-
ceived moderate attention. but closed only
fractionally higher than yesterday. On tho
other hand. American Steel and Wire issues
closed materially higher on light transactions.
A moderate demand for American Mating is-
sues resulted in higher prices for both the
common and preferred. Edison Electric IL
Illuminating rose 81, points and Standard Dis
filling preferred closed | p cent. higher on tho
declaration of the second quarterly dividend Of
1H p cent. yesterday. The closing was strong
at about the best prices.
New York Stock EnchanEe-Sales Jan. 10.
UNITED STATES AND STATE BONDS TN 81. OoOs). |
81 8 SIS. Clos Louis en- 4s.....loeA |
CLOSING PRICES OF UNITED STATES BONDS
Bid. Asked.I Bid. Asked.
On St 2s.r I'm St 4s.r
nplofG eeh - Is26....l2sk l2ek
q IS, 1908. Tn st 4s, G, |
1918. r..lo7 1917 1925 ...12eK 1908
Q s IS. 1905 Tn st S. T,
1918. c..lo7A 1881 1ao4.....lll ll2h |
Tn ST ASH. I'm St So. o. |
1907 lila ll2hI 1so4.....1l21 ll3h |
Tn st As. C, Un st 3 $685. r.
1907" ..ll2a ll3kI 1924. DCllsh -
RAILROAD AND OTHER BONDS I'm 81. OOOs).
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age ."....... soHl 8 Man R'way Is. / oOst
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30 B AIS. vi. 9s@ Observation-Disclosures. o4A
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