St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-02-28
FINANCIAL.
New XGra6 .

New YORK, Feb. 27.-Speculation in
the stock market today was, Irregular Oh
a light volume of business. The mar
ket opened firm and there was very
general advance in prices, which was
led by Canadian Pacific with a gain OF
"a per cent. An exception to the gem
eral strength was United States Leather
preferred, which was sold on the decar-
alton of a dividend of only per cent
instead Of per cent, as was anticipated.
A break of 334 per cent was made, the
orders were found. Then came a rally
10 594, which was the closing price:
the common stock fell off ~, closing at
a recovery of 4 per cent The general
market was fairly we'll held up TO II
o'clock, at which hour most of the
shares dealt in had recorded an inn
provement. Then came sales to realize
profits, which resulted i'll reaction of
18@l4 per cent. Missouri Pacific Lead
ing therein. In exception to the gem
eral recession, Cotton Oil, Bay State
Gas and Consolidated Coal moved up l
per cent.
Alter midday the tradn became
stagnant and the movement Of prices in
the usually active list was very narrow.
In the sDecialtieS, Consolidated Gas ad-
vanced ~ and Bay State 13s; Michigan
Central, on sales OF 200 shares, sold
down 24 per cent without rally. Dur
ing the last hour the coal shares loomed
into prominence. particularly New Jer-
Sey Central, which was in strong buy ing
demand, induced by the belief that the
annual report, which is to be issued to-
morrow, will rot be SO unfavorable as
has been anticipated. As a result of
the purchase the stock sold up 81 per
cent 10 So. with subsequent reaction
OF per cent, leaving a gain on the day
of 2B per cent. Delaware, Lackawanna
rose per cent: Delaware IL Hudson,
81; New York, Lackawanna & West
ern, and SuSquehanna. II per cent. In
the final trading, Baltimore & Ohio
broke per cent on sales of 800 shares;
Consolidated Gas, II, and few
other shares a small traction, but the
market was generally steady. The
last prices made compared with the
closing sales Of yesterday III the main
show an appreciation i'll values, the
more Important gains being: American
Tobacco, 2T; Bay State Gas, 2Ss New
York, Iackawanna e. Western and
Susquehanna d Western preferred; ~;
Sugar, Is, and Cotton OH preferred,
Delaware, Lackawanna & Western AMI
Northwestern preferred. l per cent.
Among those shares which showed de-
clines are: Baltimore 81 Ohio, 81;
Michigan Central, ~; United States
Leather, 2; United States Leather pre-
ferred. 2; Cleveland, Columbus, Gins
cinnati u st. Louis, II, and Long
Island Traction, per cent.
he bond market ruled quiet but gen.
orally firm during the day. Among the
inactive mortgages there were some no
table reCeSSlons, particularly in Oregon
Navigation collateral trust IS, which
sold at Sc, against so on Dec. 90. De-
troit. Bay City and Alpena tirsts were
traded in at 40. against so on Jan. 10,
1893. The total sales were 1854, 800.
Other changes of Importance are:
/ Advances ST Paul, Minneapolis &
Manitoba. Montana Central IS, 81 per
cent; Cincinnati & Springfield rs, 4 {;
New York Central debenture IS, 2, and
Oregon Short Line consol IS. Equitable
Gas of Chicago &. Peoples Gas of Chi
cago conSol Is, Louisville. Evansville q
st. Louis consol IS and Mexican Inter-
national tirsts. l.
Declines-Nor Pacific seconds
and Erie second cousol trust receipts, 2
per cent; Nickel Plate As registered,
! 4, and Cincinnati, st. Louis d Pitts
burg firsts, Knoxville & Ohio tirsts and
Kansas Pacific consols and Kansas Pa
ciIic Denver division Is assented, per
cent,
The Total Sales of Stocks
today were 1861 shares, including:
American Sugar, 21,2O0: American To-
bacco. 64O0; Chicago Gas, $500; Dis
filling, -, 200: Missouri Pacific, S,4OO:
New Jersey Central. 22,300; New York
Central, $500; Northwest. 400; Rock
Island, 1900; st. Paul, $500; United
States Leather, 5000.