St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-02-27
TONE AND TEMPER
Of the wall Street Stock Market
EisiEDHy Improves.

New YORK, Feb. 2G.-The stock mar
ket to-day showed distinct improve
ment in both its temper and its activity.
1t broadened out perceptibly, although
the dealings still retained their almost
purely professional character. and its
animation was still confined to few of
the leading shares, to that extent re-
naming narrow. There was. however,
undoubted support iii many stocks from
inside sources. among which may be
mentioned the Gould stocks and st.
Paul. The feeling on the latter
is improving, while there is a
beariSh sentiment on the corn
roads, the late earnings of the st. Paul
peIng specially powerful factors in the
creation of this feeling. The traders
have lately imbibed an idea that the
bull leaders would permit some decline
in the market in order to induce buying
and bring some activity to the list, and
to-day there was considerable selling
upon that theory, but it met with de-
mand which was sufficient not only to
prevent any decline, but also to force
advances all over the list. The high
prices attained by a few of the special
ties brought out some long stock, and
the realiZationS of profits in those
shares encouraged selling of other
stocks for the short account, but
all offerings were absorbed and
the attacks were quickly given
up, giving the market an IL
regular and SpaSmodic appearance
throughout the day. Contrary to the
general expectation, there was firm
opening under the support given, and
while bear efforts forced slight decline
in the early dealings, sharp upward
in nd law
the increased likelihood OF the passage
of the shipping bills, changed the
temper again. and Union Pacific, the
Sugar stocks and, to lesser extent,
Burlington and Atchison scored ma
terial advances. The realization on
these advances again knocked prices off
toward 2 p. M, when all the leaders lost
the greater portion of the Improvement,
and such specialtieS as the Sus9ue-
hanna IL Western stocks scored heavy
losses. The afternoon, however, brought
a reaction, and again prices were
brought up to the best of the day,
ST. Paul and the coal stocks being
most prominent in the upward move
menU. There were free realIzations in
the last hour. especially in ST. Paul, but
Pacific Mail took another jump at the
time, and the best prices of the day
were we'll I6lu ulllll tllO tilu. uo
trading in the sinduStrials was marked
by the first sales of the new Ii. B.
Clafiin stocks The market finally
closed dull but firm, at or near the high
est figures. The important advances
comprise Jersey Central,1; Pacific Mail,
rs; Reading, n; Union Pacific, New
Sugar, IL, and National C0rdage pre-
ferred, rs, while Susquehanna 81 West
ern preferred lost 2 per cent. Railroad
bonds were again quiet, but in
close sympathy with shares, dis
played firm tone without scoring
any material Improvement lin any por-
ton OF the list. The business done was
well and widely distributed, although
the number of issues traded in did not
equal those of few months ago. The
total sales reached S1,069.030, out of
which the Mobile & Ohio f0urs con-
tributed $l40 900, and the Richmond &
West Point tives, $l05,000. Govern
ment bonds have been dull and firm.
State bonds have been entirely neg
lected. Petroleum continues very linn
tied, the only dealings being in March
option Pennsylvania oil. That option
opened steady, advanced slightly. but
reacted and closed dull; opening. 7524c;
highest, 763Sc; lowest, 75Mc; closing at
751sc. Sales, $4,000 bblS.