The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-01-11
The Stock MARKETS..


Close. Day
Bar silver, New York .591a 5sM
Call money. New York ......... 2h 21A@3
NEW YORK, jan 1o.-For the first time
in the history of the stock exchange there
was trading In over 900 shares on two
successive days, today being the fifth 100o, 900
share day In fifteen years. Practically all the
railways except Atchison preferred show ed
gains OF point at one time or another in
the day. In the late selling movement when
the specialties were reached some of the adj
vantage was lost and in special cases as in
MISSOURI Pacific and Kansas & Texas pre-
ferred, the entire gain was wiped out Most
OF the grangers touched the highest prices yet
reached In the current movement.
The most conspicuous advances among the
railways were the Great Northern, which
made an extreme gain of 5, and Manhattan
and Reading each. The extreme rise among
the Speclalt1eS was that of New York Air
Brake, 10k while Standard DistiIfng, e. STAN
dard: Rope and Irvine and Bay State Gas were
very strong: Sugar. Tobacco. Federal Steel
American Spirits and Laclede Gas lost
ground. There was tone of confidence at
the opening, although there was evidence OF
much foreign and domestic realizing which
were generally quickly recovered. The prices
OF most International stocks were shaded and
It was estimated that London sold some
$4,000 shares, mostly Atchison, while there
G. & o. and Southern Railway. Altogether
it is estimated that the arbitrage business OF
yesterday and today which on balance were
sales, footed up to 100 900 shares
number of high grade bonds were sold
for Continental account. Local traders and
commission houses were purchasers of some
stocks while they realized on others. Favor
able forecast OF. probable action on the
Louisville dividend tomorrow brought sup
port to that stock. 1t was said that New
York Air Brake company has secured the
Contract for equipping in part at least, the
New York Central with airbrakes and to this
may be attributed the sensational rise of the
aiTbrake stock. Much attention was given to
other specialties and the low priced railroads.
me rise In Manhattan was accompanied by
the story that the money for equipping the
road with electricity had been raised, and
that the Walker company would get the
contract. At one time some selling resulted
from talk that the banks were using extra
ordinary discrimination in making loans on
collateral, but later interviews with bankers
were disseminated tending to show that lib
eral terms were offered on proper loans. Cali
rornla shipments of money to this center,
which had considerable influence ON the mar
ket last week were said to be continued
Some of the most important interests in the
street were important buyers on the early re-
actlon These purchases were largely con-
nned to the grangers. This was accompanied
by some realizing in other quarters of the
market The advance In General Electric was
sald to be on progress made In negotiations
for consolidation with the Westinghouse
company. Federal Steel was heavy and less
prominent than usual in the DAYS business
Transactions in bonds were at least s.. 900 0O0
below yesterdays total and there is also an
absence OF the violent upward movement.
Profit-taktng was evident in some of the
more speculative issues but high grade
mortgages were we'll maintained and advanced
generally. Total sales. S5.570, 600. U. S. new
As, the old is reg and the 5s reg declined IL
ana the IS Il in the bid price. The 5s coup
advanced Sc 70
The total sales of stocks today were 1 .O3o.-
So0 shares, including 59, 500 Atchison, 80, $50
Atch1son preferred, $500 Central Pacific IS. :
SlO 2 O., 200 Burlington 8.825 c., C. &
Vt. Louis $685. D.. & r. G. preferred, 1913
Erie preferred, $50 Great Northern pre-
ferred. "a As I. & H., Is, $50 Reading pre-
ferred, 44,s70 Missouri Pacific, 7,es7 North
ern Pacific, 1855 Northern Pacific preferred.
I2,Z7O Reading, 1896 Rock Island, 16 900
Union Pacific, sc, $40 St Paul, 1857 Southern
81, 80 Southern preferred, 1900 Texas & Pa,
cifc, n,5O0 Union Pacific preferred, 4,2o0 Wa
bash preferred, s, 100 Wheeling & Lake Erie.
0.70o Tobacco, 25, BOO Steel, 6, 400 Steel pre-,
ferred, $3.50 Peoples Gas, 1850 Colorado
Fuel 4 Iron. 3,13S General Electric, 6645 Pa
cifc Mail s, 400 itRope and Irvine, 81 500
Sugar, 3,100 Tennessee Coal & Iron II 800
Leather, II 800 Leather preferred, $500 Rub
Der. Ii. 800 st. LeNis & S. w. preferred e, 545
Chicago Great Western
STOCKS.
The following were the fluctuations of the
leading railway land industrial shares fur
nished by G, H. f. Smith 6 Co.. members OF
the New York stock1 exchange aud Chicago
n '-e