The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1899-01-26
~ tuarIclat.
The s,toclk Market

New York, Jan. 25.-There were gains
of / to liz points in stocks to-day on
transactions in excess Of a million
shares, which were widely distributed,
many usually neglected shares figuring
in the total. The market here opened
hesitatingly in sympathy with the ir-
regularity in London, which was
seller of some 10000 shares in the first
hour The effect of this selling was but
slight owing to the support given by
leading interests. The professional ele-
ment relieved the pressure which it had
been exerting on the market and turn
ed buyers.
The commission business was in fair
volume and was disposed to follow adj
vances wherever they occurred Lon
don took back some of her earlier sales
on noting the improved tendency here.
Influences bearing on the situation We're
the handsome increases in gross earn
ings for the third week in January
shown by st. Paul, Missouri Pacific and
Canadian Pacific.
There were a number of very inter-
esting features in the market after the
first hour Metropolitan Street Rail-
way started a sensational advance
which eventually reached liz points
above last nights closing. Manhattan
alphabetically made an extreme gain
Of intc 4r 1o -
revival of rumors that the relations Of
the two companies had been placed on
more harmonious basis The impress
sion in the street that in spite of denials
progress is being made in the Wander
bilt plans for bringing the collateral
parts Of their system into closer f1nan-
cial relations was partly founded ON
the extensive and apparently solid
character Of the purchases of Wander
bilt stocks. In this group extreme
gains were made by New York Central
of 5A, Northwest 81 and Cleveland,
Cincinnati, Chicago and st. Louis ~.
Union Pacific preferred made rise Of
3h on revived belief in the so-called
Vanderbilt transcontinental deal, while
Lake Erie and Western preferred was
up 6ls points on the idea that the road
was being acquired in the interests of
New York Central
The interest switched then into the
low-priced shares, and rises of about
points occurred in Rubber, Chesapeake
and Ohio, Pacific Mail, Canada South
ern, Chicago Great Western and Rio
Grande and Western preferred, while
the extreme advance in Toledo and Ohio
10 1,,1
mon and Tennessee Coal and Iron
reached points. The strength of the
Rubber stocks was bn dividend gossip;
that Of Pacific Mail on reports from
Washington as to the disposition of con-
gress to substitute American shipping
Continued talk of the prospects of re-
Mobilization in the anthracite coal trade
brought rise of from / to 21s In the
coalers. q,
The grangers likewise We're up from
to 2h, except in the case of North
western, where the advance was larger
on investment and speculative absorp-
ton because of increase in earnings
New York Air Brake bounded up
points and Twin City Rapid Transit
points. The large and confident pur-
chases of Cleveland, Cincinnati, Chica-
go and st. Louis and Chesapeake and !
Ohio encouraged the idea that the Oft
repeated Big Four deal was on foot |
again. The closing was firm, well up |
to the top figures.
The bond market developed marked i
strength as the day progressed, and |
closed active at about the best Total !
sales s5$,960,000.
Government bonds were unchanged |
on bid prices.
NLU iORK STOCK M.4EHkr
Opening, Highest, Lowest Quotations