The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-01-12
The Stock Markets.

- ~ Close. Day.
Call money, New York ....... 2@2h 202H
NEW YORK. Jan. u.-Directors' meetings
were responsible, for considerable variations
IN the character Of the stock speculation to-
day AS is usually the case forecasts were
riie as to the probable action of the various
directories in session, which were utilized
Ior enect upon the market values of the Sc
curites interested. The most important de-
velpment was the action of the L. N
directors in replacing the stock in the cate
CORY of dividend payers The report SUBJ
m i1l for the six months ending Dec. q
PLUS of s1,426,7S9 after deducttng fixed
charges and sinking fund requirements. This
exhibit prompted the management to declare
dividend of 11s per cent out of the earn
ings for that period which may foreshadow
regular annual disbursement Of 8 per
cent The dividends on this property were
cent was made in the salaries of employees,
with prov1so that they would be restored
when earnings warranted It. This promise
was carried out last year, and the success
sve favorable character of the traffic state
ments published aroused expectations with
the lnveI,meent public that dividends would
ing or the Sugar directors were also enliy-
ened with considerable interest and it was
minated nun that some publicity would be
given OF the result Of the company's opera
ticn In the pending trade war The stock
he ders' ratification of the action of the OIL
rec IN voting to reserve the. profits of
terpreted by the bears as indicating a pos
soie abandonment of dividend payments. The
s STOCK was thrown on the market in large
volumes and sufficed to check the upward
movement which was In progress ON the an
nouncement that the senate committee had
peace treaty W
Inc market in general presented other
features OF striking interest, including as it
n ir,, an eut1urst OF investment buying, which
improved the standard shares from one to
four points. The Vanderbilt stocks were un-
usually prominent and burst of ANNA
ton and strength which lifted PENNSYLVANIA
AZ, and exerted a healthful inf1uence nm the
entire market. The, speoialties, aside from
sugar. sng s moved in comparatively narrow limits
total. Early weakness in which C.. G. g.
st. L. made sensational break of 6ls.
gave the bears temporary advantage, but
the bulls got the whip hand in the subse.
quent dealings and closed the market We'll
up to the beit at substantial, gains. London
operations We're considerably reduced, and
on both sides of the market
The bond market developed a sagyinR tend
ency' put reeessions were not significant ex,
cept in isolated cases. u S. IS coupon de,
clned Is in the bid price.
The total sales of Stocks TODAY were s47 50,
shares. including 32,34O Atchison; "a 400 pfd
T. 9So canada s9 :, dns $50 Cenral Pacific
q ST. Louis, 5,466 Del & Hudson: $3.50. Den
yer & Rio Grands pfd; $3.50, Great Northern
BE- p 1So lilo Illinois Cert al; 1920 l. NJ
Reading p:d 1920 Minnesota and ST. Louis
1860 Missouri Pacific; 22,744, New York Cen,
tral; $3.50 Northern Pacific: IL. 1861 do prd
S1oo Reading; 2s.72o Rock Isiand 3,12o, St.
Leuls & W., second nfd; 1875 Union Pa
cine, q, 745; s.. Paul; $40, ST. Paul & Omaha
1850 southern Pacific; 400 Southern: IA $50
% Pfd 3; $50 Texss & Pacific 1924 Union
Paclhc pfd; $40 Wheeling & Lake Erie; g. 700
Ioceeoo; $3.50 Steel; 6,02O do pfd; -, 215
Peoples Gas; 1876. Colorado Fuel and Iron
1850, Pacific Mall *, 800, Sugar; 5,4IE Rub
per; 304. st. Louis. S. W., p:d; S,265, Chicago
Great Western
STOCKS
me following were the fluctuations of the
ieaqfng railway and Industrial shares. fur
nisned by 9. II. f. Smith & Co., members
OF the New York stock exchange and Chicago
board of trade: ,,,-,,s