St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-02-01
EKNANCqAL.
Ecw Work,

NEW YORK. Jan. 31.-The stock mar
ket was comparatively dull today, be-
inc still under TIE restrictive influence
both of the great drop in DiStilers' and
and the uncertainty concerning the
movement OF gold. There was, how
ever, firm temper developed, which
lasted throughout the day, resulting iii
generally higher level Of values, with
here and there material improvements.
There was distinctly easy tone to the
exchange market, which was attributed
to the appearance OF bills drawn
against stock purchasers and against
bonds Which have been placed within
the last few days. There was a better
supply Of commercial bills also. and the
general expectation was reused that no
more gold would get out this week.
London was a buyer at the opening, and
higher quotations for American shares
in London stimulated a higher opening
here. The general railroad list re-
manned very quiet throughout the day,
the only marked exceptions being Read
ing, st. Paul, Union Pacific
and Richmond & West Point,
though other specialticS scored
the material gains. Speculative
interest was still mOnopol!zed by the
leading industrials and apparently the
inside support was withdrawn from Dis
tillurs' upon the announcement that the
investigation Of the trust would be
pushed vigorously by the congressional
committee. Considerable excitement
attended the opening dealings in the
stock, and opening prices varied from
Al to II, but during the forenoon slow
and steady sagging occurred, which
was accelerated during the after
noon, and the price dropped
10 3GI, rallving only i per
cent at the close, which showed
a loss of 598 per cent for the Gay. Sugar
was strong in the forenoon, but never
got more than small fraction beyond
its opening figure, and it weakened per-
ceptlbiY later III the day, apparently ll$
sympathy with the decline i'll Distiliers',
and, while it rallied nearly per cent
from It's lowest Inquire. showed a net
loss of Is at the close. Cordage was the
weakness, its loss being l per
cent. There was rally in Mall
haitian and New York d Northern. the
former, after selling at 137, rising
to 100, but realizatlons sent it bach
to I5S3l, Il net gain Of only y.
New York Il Northern preferred rose
TX right at the opening, but was neg
lected for the rest OF the day. Among
the speclalties, Consolidated Gas was
prominent again for its strength, and
then it closed l per cent below its best
figure, scored 4 gain of . per cent, the
rise being accompanied by a' rumor
that il was proposed to double the stock
and make it permanent per cent div
idend payer. Another specially strong
point was Omaha, which WAS pushed up
to 53% with reports OF extraordinary
earnings in spite of the Gnfavorable
weather of the last two months, and at
53}5 it showed Il gain of 8 Per cent for
the day. In the stock MARKET, however,
there was no new feature of note, small
transactions and practically unimpor-
tant fluctuations maGing the trading
throughout.
Railroad bonds were again in active
demand at improving prices. but no ma
terial change was to be noted i'll the list.
Stocks closed rather quiet and barely
steady.
TEornroI So1ns Of Stocks