The daily morning journal and courier., 1899-01-31
FtMaMClY..
uhe Sfocn Market.

New York, Jan. 30.-The movement of stock prices to-day was extremely varia- ble and after alternate strength and de- presson the market left off firm with mixed changes averaging above Satur- days final quotations. The supply of money continued abundant at reasona- ble rates and was unaffected by Febru- ary dividend and interest requirements. Gold to the amount of $575,000 was en- gagged for import and cable advices were that three and a half million dol lars of gold had been purchased in Lon- don for America. The periodical rail- way earnings reports that appeared were gratifying. The semi-annual re- portsof Union Pacific and Chesapeake and Ohio showed net increases respec- lively of over one million and of one hundred and forty-four thousand. Bal timore and Ohio for the same period in- creased $636.000 in gross. For the year the gross earnings of Omaha increased nearly a million, and the net earnings of Canadian Pacific $172,000 The vol ume of business was again over mill lion shares and because of the continued activity of the market number of commission houses now work employees in shifts. London was a purchaser on balance to-day particularly of Northern Pacific and Reading and sold Union Pa Cific and Louisville. There was consid- erable shifting of commission house ac- counts from one stock to another with preponderanec of buying orders, which for time more than offset the attacks of the reactionists. Sugar was actively traded in and shifted on some rumored arrangement with the Glucose Sugar Refining company. At the same time there were denials at various sources of a prospective agreement with local rival companies. Disclosures made by the Pittsburg, c. C. and St. Louis minority interest were construed as favorable and resulted in sharp advance in the stock part of which was lost on realizing Gossip had it that Northern Pacific was in control of the party in favor of larger dividends and that the stock was receiving pool support. Unconfirmed stories of the likelihood of the resigna- tion of the president of the C., C., c. and St. Louis weakened that stock somewhat. Consolidated Gas jumped points on assertions that partial union of the gas interests on Manhattan Island had been effected. Other sensa- tiCnal advances were those of Tennessee Coal and Iron preferred 10, Great Northern preferred IA and Colorado Fuel and Iron 5. Realization and re- newed bear aggression brought about heavness, but strength in the special ties and the Southwestern group stead jed the market, which resumed its up- ward course, The grangers after pe- riods of inactivity rose moderately. Western Union and Reading issues were also lifted. Profit taking again encour- aged a smart raid on values, effecting numerous declines. General recoveries ensued in the final dealings and the market closed firm.
 The bond market developed consider able irregularity to-day, but the varia- tions for the most part were unimpor- tant outside of Texas Pacific seconds and St. Louis Southwestern seconds. Total sales $6,295,000 United States fives registered declined Is and the coupon IA in the bid price.
 On the New York Stock Exchange, reported
 by Prince X Whitely, Brokers, 15 Center
 street. New Haven.
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