The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-01-24
WALL STREET Wild
ALL RECORDS FOR STOCK DEALING
BROKEN IN Yesterdays
TRANSACTIONS
BROKERS CRIED FOR QUARTER
Ter Shares-One Lamb Melted
Twenty Thousand Dollars More
Than He Expected Because of De-
lay in Executing a Selling Order
wild Fluctuations.

NEW YORK, Jan. 23.-The stock ex-
change was speculation mad today.
The trading volume was the heavies t
ever known in Wall street, and many
speculative stocks scored prices above
the point which they have touched at
any previous time. Total transact -ons
In stocks reached l $40 900 shares. VIII le
bond sales piled up the unprecedented
aggregate of $9,O64. .00O. Trading was
furious at the opening. and the high
est prices were reached in most stocks
on the initial bulge, with advances OF
70 10 points in some cases. There were
subsequent violent breaks on enormous
realizing Of profits. The market then
became quieter, until another exhibit
ton of strength came in the after
noon, when the coalers and Gould
stocks went to the best The bank
statement. which seemed to assure
easy money. was the handspring IN
the markets strength
The extent of the public's interest in
the market was reflected by the con-
gestion of business on the stock ex-
change by commission houses. For in
stance, il was announced to a brok-
er's customer today that all orders
would be taken, subject to delay, as
their representative on the floor was
unable to attend to all of their busi-
ness, and that floor brokers were re-
fusing orders, as they had more on
their hands than they could execute.
1t was the usual thing to refuse to ac-
cept stop loss orders, as the trading
was toe violent to guarantee their exc
cution. Another incident conveying an
idea of the extent of the early ad-
vance was furnished by a customer
who had given an order to sell a block
of an active issue and who received
$4,000 more than the order called for,
owing to the violent rise while the or
der was being executed.
Large operators are believed TO have
realized heavily in the early dealings,
but there was said to be considerable
taking back of stock in the afternoon
that had been sold earlier, and round
amounts of stock were covered by the
traders.
Some of the more sensational move
ments of the early bulge were an ad-
vance OF 1885 in Pittsburg. Cincinnati, !,
Chicago & st. Louis to IS, a decline of
IS and a net gain of AS. Canada
Southern advanced 101a, reacted 10
and gained S12. c., c., c. & ST Louis
rose 91a, dropped 4 and closed within
1 of the best. New York Central ad-
vanced 31s, fell back "a and ended
with a net loss of u. Manhattan rose
fractionally, broke 8 points, rallied Az
and closed 7s- up.
At one time or another in the trad
ing there were extreme advances in
the following stocks, not previously
enumerated: Reading first, preferred,
7A seconds, 8; Pennsylvania, 61a; Twin
City Rapid Transit, 81; Ontario &
Western, SIS; General Electric, 4A |;
Lackawanna, Az; American Malt, Az;
Lake Shore and New York, Chicago &
St Louis first preferred, each; In
nernational Paper, 81; New York Cen
tral. 31s; ST. Louis & San Francisco
second preferred and Delaware & Hud-
son, 312. and Northwest and Western
Union, 21a each.
REALIZING CUT PRICES.
After the early rise the heavy selling
movement dropped prices rapidly,
Brooklyn Transit, Union Pacific, ST.
Paul, New York Central and many
other stocks yielding from to 3 points.
The market became dull in the early
afternoon, but hvened up later under
the leadership of the coalers. Enor-
nous purchases of Reading carried the
price UP IA, and other coalers were
lifted from 11a to Az. The movement
spread TO Ontario & Western, which
jumped SIS on transactions Of over