St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-03-01
CITY MORTGAGES
Negotiated on Improved Real
Estate, at Lowest Rates.
E, w. PEET g. SON,
Manhattan Building.
FINANCIAL.
New York.

NEW YORK, Feb. 2S.-The stock mar.
ket exhibited fair degree of strength
today and increased activity, and as
result of the trading prices at the close
show an advance ranging from to IL
per cent in the active list, and extending
to 35I per cent In the specialties. In
this Improvement, however, Sugar, Dis
llling and New England did not share,
but recorded the fractional declines.
Inc dealings in Sugar were rather
feverish and unsettled, owing to the
contradictory character of the advices
from Washington. In the morning
fractional advance was made on buying
by houses with Washington connec-.
tons, based OH the report that the Sen-
ate caucus would be favorable to the
sugar interests. Unfavorable adviceS
were received later. which caused
a selling movement, in which
the improvement was lost and
the shares closed at decline Of g in
the common and e OH the preferred.
Distilling was fairly we'll held during
per cent higher than Yesterdays clos
ing. During the afternoon there was
little or no buying in the stock, and it
sagged off, the final sale being made at
a decline of Is. New England lost q
in the morning, of which it subsequent
lv recovered Il. A rumOr was circulated
early in the day that the reorganization
committee of New England were So
Letting proxies with the view of elect
ing John G. Moore, of Moore d Schley,
the president OF the company. This
brought out denial from Mr.. Moore
that ne was a candidate for president,
but the fact remains that proxies are be-
ing hunted for in somebody's interest.
Evansville & Terre Haute broke per
cent and Wheeling q Lake Erie de-
clined per cent and Mobile d Ohio %
per cent on the day, All the rest of the
shares traded in closed higher than
yesterday. National Starch leading the
upward movement with an advance of
| go, Pittsburg. Cincinnati, Chicago d
| st. Louis moving up 219, Pullman 2,
Richmond Terminal preferred g. Man
haitian "a, American Tobacco II and
| Rubber preferred l per cent. OF the
! active list General Electric was strong
est. heavy buying orders having been
| received from Boston and the local buy
| ing being also made, The purchasing
| movement in the stock was stimulated
| by reports that the company was earn
! ing sufficient = pay dividends on both
| common and preferred shares, and had
| just made contracts involving mill
ION dollars. The stock steadily i'm
proved from the opening to the
close, with occasional slight reactions,
the last being the best price Of the day,
and being at an advance on last evening
! of TX per cent. st. Paul was most act
i've of the grangers, and was bought
moderately by London and by the short
interest, making an advance on the day
| of % per cent, Rock Island making
similar advance and Burlington d
Quincy &c. Western Union was IN
good demand, the buying being said to
be for the account of bull pool, and
closed at the highest point touched.
! Pacific advanced II: New York Cen
trail, ~; Lead preferred, ~, and Iowa
| Central preferred, l per cent. LII the
final dealings firm tone prevailed, and
the market closed strong except for
| Sugar. The bond market was strong
all day, the principal changes being:
acknowledgements Coal and Iron,
Birmingham division, frsts, 81; OHIO
Southern is, 5; Chicago, Burlington d
! Northern IS, 25s; Richmond Terminal
trust receipts, 2&.
The Total Sales of Stocks
today were 159.600 shares. including:
Atchison, ZOO; American Sugar. "a, 400 !;
Burlington, 1900; Chicago Gas. 1900;
Distllling ami Cattle Feeding. 17,4O0
New York Central, 4,5O0; Reading, 8. 900 /;
st. Paul, $4,000; Western Union, IL. 800.
The Posts special London financial
cable says: The India council sold to-
day rs lakhs of rupees, chiefly trans
fers. at rates varying from Is 9-16d to
| IL 21-32d. Silver was 27s<d and weak
Fifty thousand s0vereigns came frCm