St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-02-14
TOOK The BULL SIDE.
FOSTERS Conference Has an
Effect on the Prices Of
Stocks.
an Impression That It Would
Be Favorable in the
Market.
Omaha and Rock Island Show
Considerable Strength
at Times.
\Attt
tobacco Again Raided, Losing
8 3-A Per Cent During
the Day.


stock market showed a considerable
further contraction today, but the trad
erS who monopoliZed the great bulk OF
the dealings were inclined TO the bull
side OH the impression that something
would result from the conference of the
secretary of the treasury with the bank
ers that would be favorable to the stock
market. Prices were, therefore, bid
up on the shorts, as there was
little or no disposition to buy for
the long account aud even less
to part with holdings already acquired.
Prospective shipments of gold Wednes-
day reached 100, 600, but the effect of
this was already discounted last week,
aud little attention was paid to it today.
There were no material movements for
the day, apart from those in the indus
trial stocks, although Omaha, Western
Union and Rock Island at times showed
considerable strength. Fluctuations i'll
railway shares, however. were in all
cases too wide, but the tirSt-named
confined to fractional range, and the
final changes. while generally advances,
were i'll few cases for more than 3 per
cent.
Tobacco was again the chief feature,
and was subjected to some wide and
violent fluctuations. After opening
down X per cent it dropped immedi-
ately to 1O4, rallied to 1867, but again
dropped to 1O4, from which it rallied to
105 at the close, showing net loss of
33l per cent for the day. These changes
were susceptible of no explanation, but
the stock has probably nearly reached
its level. The expectation Of dividend
on Cotton Oil made it one of the leading
strong stocks OF the day. and, on usually
large transactions, it rose to 80, clos
ing with net gain Of IL
per cent. The buying i'll Distillers' was
good, and it closed near its top figure
with a gain Of l per cent The only
other stock to show important tluctua-
tiOns was Colorado Fuel, which was
bought largely for inside account, and
at ~ it showed net gain of 213 per
cent. Railroad stocks were very quiet,
with the siugle exception of Reading,
and were barren of feature of import
ance throughout the day. The market
is waiting the developments in the cur
rency situation, and the indipOsition to
trade on either side Is the most prOmi-
nent feature to be noted.
The Post says: at becomes more
evident that until certain monetary
problems have some prospect Of being
solved and certain oYerhanglng evils re-
moved the general public will keep
aioof, and buying for investment Or
derS Will be OF meager proportions. Inc
extreme inactivity and dizziness that
characterized the market during the
final hours reflected the feeling of UNI
certainty regarding the Situation.'
The Total Sales of Stocks
today were 2@9,Gl9 shares, including:
Atchison.. 200 New England 1900
C., B. & Q.. 3,S0N. PGc. pfd.. 800
Chicago Gas 0000 Reading . a. 700
Cotton On..... 1880 Rock Island =. 5000
Distlling...... 2l,Sl. st. Paul ...... 1920
Louis. q Nash. 4,i0J ST. Paul 4 O.. 2l,60C
Nat Cordage. 400 nion Pacific. $500
Stocke-CIosInG.
Atchinson........ 34ii Northern Pacific IS
Adams Express. .l5S do pfd. ...-. 1894
Alton d Terra il. a?l2 |. P. D. & Gulf. 10
do pfd .........150 Northwestern e. 1872
American EX... 40 do pfd. AS
Baltimore Il q =. % y. y. Central. lilo
Canada Pacific. 50 y. Y. q n. Eng. 1875
Can. Southern . jGSs Ont d Western. 1872
Cen. Pacific go. 27l2. Oregon Imp ..... 20l2
Ches. !; Ohio. 237s Oregon Nav...... 70
Chicago Il Alton. .143 or S i. Il [. \. %
e., B. d. Q....... 10 Pacific Mail ..... q
Chicago Cas-. 9lSs p, d. ~ &c.. II
COnsoI. Gas. .... 1919 Pittsburg. .-..... 155
c, c., c. ~ 81. l.. SIP Pullman p. Car. los
Cotton Oil Cert's. g. y Reading .......... ASA
Del. q Hudson. .J3Jl2 Richmond Ter. g. 104
Del, L. d " 49,. .152A do pfd ........ 81
d. q G. r. pfd. 5i4 Rio G. Western. 20
Dsullers Il c. T.. 3G$4 do pfd. ...... 60
East Tennessee. +i2 Rock Island. 80. S54
Erie ....,......... 247s stL.&S.F. LIST pfd IS
do pfd. ......... 81 St Paul.......... 1924
Fort Wayne. lid do pfd 123l2
Great Nor. pfd.. 13ll2iSt Paul L. Omaha 5G34
Chi d E. III pfd 1924 do pfd. ...... .1i0l2
Hooking Valley. .a$4 southern Pacific 30
Illinois Central. 10. l. Sugar Refinery. 1924
st. Paul & Duluth = Tenn. c. d L.. 80
Kan. II Tex. ptd. 2434 Texas Pacific. gig
Lake Erie d W. &3l2I Tol. Il O.Cen. pfd 70
do pfd.......... IS Union Pacific. 40l8
Lake Shore. ......1 si2lU. S. Express. . G.
Lead Trust .. le$4W W. st. !. !; P. 1214
Louisville IL N i3l2 90 pfd ..... 25i4
Louisville d Ma. 24$4 WeIls-Fargo x..14G
Manhattan Con. !G.l2 Western Union Q15s
Memphis d Chas. 80 Wheeling 4 L. E. 1883
Mich. Central 100 do pfd ...... G3l2
Missouri Pacific ole Mpls IL st. L.... TIA
Mobile Il Ohio. Il I'D. q II. G. l.
Nash Chatt...... - Gen. Electric 1l04
Nat. Cordage, new 7.$I NATL Linseed... -. 80
do pfd ........I1lSI Col. Fuel d Iron. 7112
\. j. Central. -. rs do pfd. iii
Norfolk Il W pfd 50 Houston L. T. c.. Cl2
North Amer. Co. i 3s