St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-02-03
FINANCIAL.
New York.

NEW YORK, Feb. 2.-The volume of
business on the stock exchange was
very light today, and the fluctuations
were confined within unusually narrow
limits. An attempt was made at the
opening to raid the marked on the
strength of the passage of the Wilson
bill, Sugar being selected as the chief
victim. The general list responded to
but very trifing extent, and Sugar,
after decline of n per cent, took a
sharp upward turn, advancing 81 per
cent. Covering by the shorts was the
main cause of the advance, and they
renewed the selling movement at the
higher figures, causing reaction of |
per cent. No long stock was. howe yer,
brought out, and OH reports that the
Sugar interest would be taken care of
when the tariff bill was taken up in the
senate, the stock moved up ~ per cent,
reacting 3 i'll the final dealings, the
gain on the day being Is per cent. Dis
filling was very strongly held throug IL
out the day, opening at an advance of
3, never recedlng more than 8 below,
and closing at an advance of & upon
that figure.
1t was reported that the distiIIlng
company had obtained modification of
its contract with the distributing COM
pany. The West was a large buyer.
Western Union reactIng Is per cent on
the day. the last being the lowest price
touched. The short interest in the
stock has been largely reduced, and
considerable borrowed stock was re-
turned this morning. OF the granger
shares, Northwest and Rock Island were
entirely neglected, and the dealings in
ST. Paul and Chicago, Burlington IL
Quincy were light, the closing sales x
o. below yesterday. Interest in the
list trading was on very small scale,
and during the afternoon the changes
Of price were Of the smallest fraction at
times, the market being completely
stagnant. After O'clock a frmer tone
prevailed and prices advanced frac-
ton. the speculation showing a triHe
more activity, but in the final deal
ing5 the market reacted and closed
ratner heavy, prices generally being x
az per cent below the closing quota
tons of yesterday. Pacific Mail dropped
II, but rallied . per cent. Exceptions
10 the prevailing depression were Man
haitian and New York. Chicago & St.
Louis. which closed IL higher. Della
ware IL Hudson 10, and Canada Pacific
and Laclede Gas preferred per cent.
II ID Acpoi teC Oli pretty SOOu authority
that the American Sugar Refining COM
pany will not meet on Feb. IA, to which
date the meeting in January adjourned.
The tariff bill is not yet disposed of,
and the annual report will not, it is
| said. be given out until it is.
The railway and miscellaneous bond
market was firm all day. and showed
more activity than the share market.
The Evening Post says: The Wilson
tariff bill has now passed the house OF
representatives and Wall street received
| the news today with exemplary calm
ness. The outpour of long stock, fore
| told by calamity prophets on the mar
! ket. came in sight nowhere. The stock
| markets closing was firm throughout
| though still particularly dull; the septr
ment over the Washington Development
being generally relief that at least one
! stage OF the congressional discussion
| was passed.
The Total Sales OF stocks
today were 100 100 shares. including
American Sugar, $4,000; Burlington j