The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-01-16
The Sfoc.f Markets.


NEW YORK, Jan. H.-Transactions on the
STOCK exchange today were the largest for a
two-hour session in many years and had the
Same volume continued for the usual five
hours trading. IT would have been within
a quarter of million OF 1000, 900 shares. AS
II was there were nearly 100000 shares dealt
IN, and the average net rise in prices was
from l to points in the shares which fig
ured most extensively in the dealings. There
was division of interest from the Pacifcs
into higher priced stocks, the grangers being
the gamers The excitement on the floor Of
the STOCK exchange was tremendous.
There was an unusually large attendance
OF brokers' for the short session, as the con-
slant influx of outside orders rendered it
necessary for the large dealers to transfer
considerable Of their business to the hands
OF smaller brokers at the regular commission
between members. Stocks opened buoyant and
acuve. High priced records passed unnoticed
~ nna .ne confusion Brokers fought to execute
orders, and simultaneous transactions in
nishy shares We're widely apart. London had
eafiy received large purchasing orders from
tnIs sue, ana the quotations from that quar-
ter showed general advances. The rapidty
OF the rise brought out immense blocks on
reahzlng sales. but the sustained buying pow
er OF the market absorbed all offerings after
q temporary reaction, and prices again
mounted upward.
The market halted momentariIy pending
tne publication of the weekly bank statement.
creases Of s4,722, 700 in the Surplus reserve
and 81, o42, 200 in the loan account bullish en-,
tnus1asm was resumed with violence Com
mission houses were easily the largest buy
ers The extreme gains in the Pacifcs were
only fractional. while in the grangers they
ranged from in st. Paul to in Burlington.
and IN the active coalers from to 2ts. The
could and Vanderbilt stocks were compara-
lively neglected except Southern railway.
the greatest strength and activity was shown
In the grangers. Atchison, the Readings.
southern pfd, Federal Steel and BROOKLYN
Rapld Transit. Points of heaviness were
Great Northern pfd, Illinois Central Metro
politan, Lead and Laclede Cas- Generally
speaking, while there were some sharp recess
slons from the extraordinary high opening,
the market regained most of the decline The
market. closed with some irregularity, but
generally strong and active, with important
gains IN many cases. A noteworthy feature
was large rise in Burlington on renewed
gossip concerning the prospective refundine
OF their outstanding bonds. This talk, how
ever, was little more definite than usual.
New York Air Brake made an extreme adj
vance OF points, while Southern railway
preferred and Atchison preferred were up
over points each, and Federal Steel COM
mon, which has lately been rather neglected.
although reacting from top prices. ended with
net gain Of 1M. The largest trading in
any specially was in Brooklyn Rapid Transit,
which had an initial raise Of 2 points on con-
nrmation OF its acquiring possession Of Mas
sau Electric company.
STOCK QUOTATIONS.
Furnished by Charles H. F. Smith & Co.
members New York stock exchange, Pioneer
Press building, who have direct wires to Chi
cago and New York. Closing prices are bid !: