St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-02-06
CITY MORTGAGES
Negotiated on Improved Real
Estate, ar Lowest Rates.
E. w. PEET & SON.
Manhattan Building.
FINANCIAL.
New York.

NEW YORK, Feb. 5.-The industrials,
especially those which are affected by
the tariff and revenue measures, fur
nished the chief interest of today'S
msrket. The railway list. with the ex-
ception of Reading, was neglected.
Sugar and Distilling attracted most at.
tention. the first named leading in the
transactions and the last showing the
greatest strength. In the early deal
lngs the buying in Sugar was very
strong and was largely for the short ac.
count. Purchases were also made bv
members OF an outside pool, said to be
acting Oh advices from Washington.
Reports were current that it was q GER
taintv that the senate would take sugar
out of the free list. AS a result the
stock sold up ~, but when that point
was reached the support seemed
to have been taken from I'M
der, and during the afternoon,
the price gradually declined, closing at
fall of 2 per cent from the top figure,
only e of the early advance being re.
tanned. There were number of realiZ-
ing sales. and the shorts put out a few
lines. Distilling opened "a higher,
moved up an additional tx without a
break, and then reacted l per cent in
order to get fresh start. The shares
tarried at the lower quotation but
briefly, and before noon had reached
within rs of the top price. During the
afternoon reaction of % occurred, but
about O'Clock renewed buying sent the
shares up II per cent above Saturdays
closing. The moving influence in
the advance was mainly report
from Washington via Chicago to the
effect that the spirits tax would be
increased from 10 TO % cents IN the SEN
ate. Chicago was also responsible for
statement that the distilling company
mad made arrangements to take goods
out of bond and thereby increase its
profits Oh the increase of the tax. Chi
cagO Gas, after a loss OF IA at the open-
ing, rose p. ami then OIL heavy selling.
induced by report that small COM
peting company had reduced its rates to
customers, took dip of Ia, closing at
recovery Of 5s. Lead was in demand
during the morning on report that the
senate would lessen the reduction in the
duty on white lead made by the Wilson
bili. The advance recorded. however,
did not exceed q, and of this "a was lost
ill the late dealings. The preferred
declined q and rallied Is. General
Electric declined Is on report of the
failure of the Nashville Traction COM
pany, one of its subordinate companies.
and that another of its companies was
in trouble. In the late dealings the
stock rallied, and closed only x below
Saturday. Reading was bought largely
for the Philadelphia account, the ulIr-
chasing move being accompanied by
report that the company had obtained
$4,000 00 on coal and coal notes. and
that negotiations for an additional
amount sufficient to pay off all the float
ing debt was about being concluded.
This favorable news, which was looked
upon as an assurance that the plan of
reorganization would not include a
stock assessment, sent the shares up
per cent, but on the closing dealings
one-half of this was lost. st. Paul
moved sluggshly within margin
of q per cent. losing Il on
the day, the other grangers being hard,
ly in the market, Northwest remaining
stationary, Burlington & Quincy and
Rock Island declining "a and Il respect
lively. Delaware. Lackawanna d West.
ern, on purchase of 100 shares. rose
15s; Northern Pacific preferred appre
clated 1B. New York, Chicago IL st.
Louis declined 1 per cent. The changes
in the rest of the list were merely frac.
tioHal. In the final dealings the mar
ket was dull, but closed generally firm.
The railway and miscellaneous bond
list was irregular throughout the dav.
closing rather easier. The principal
advances were: Missouri .Paciflc consul
6S, 8; Savannah Western frsts and AL