St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-02-22
STACKED UP A BIT.
YESTERDAYS STOCK MARKET NOT
QUITE UP TO THE PREVIOUS
DAYS RECORD.
PRICES SOMEWHAT ERRATIC.
THE APPROACHING HOLIDAY OBJ
SCURES THE REAL TENDENCY
OF VALUES.
INDUsTRIALs IN THE REAR.
Railroad Stocks, Especially st. Paul
and Louisville & Nashville,
Lead In Activity.
PRICES SOMEWHAT ERRATIc.


NEW YORK, Feb. 21.-Todays stock mar
ket fell slightly below yesterdays record in
point of activity, and the course Of prices,
while somewhat erratic, reflected strong
undertone. The real tendency Of values was
obscured by the approach Of the double holt
day, which caused traders on both sides of
the account to clean up their contracts. The
railroad stocks exceeded the industrials in
extent of transactions, and in some Of the
so-called specialties substantial strength was
displayed. The business and improvements
were well distributed, though net changes in
prices were not, rule, material. The in
ternational shares were conspicuous, ST. Paul
and Louisville & Nashville leading and scor-
ing first and second place in volume of trad
ing. A further advance in the prices Of
American stocks in London contributed to-
ward a firm tone in the initial dealings. A
reactionary tendency was soon developed,
however, to which force was impaired by
hquidating sales. The offerings, while only
moderate in extent, caused a break Of 1 per
cent in Manhattan and Tobacco, and almost
equally important declines occurred in the
Changers, Louisville & Nashville, Missouri
Pacific and Tennessee Coal. The selling
pressure was soon exhausted and an interval
of Semi-stagnation succeeded, which lasted
until about 1 p. m. At the time mentioned,
purchases by commission houses and for ac-
preferred was the feature, rising per cent
ON rumors of favorable annual report of
operations now impending. Manhattan ad-
vanced IL; Louisville & Nashville, IA, and
less important gains were scored by other
active shares. The Minneapolis & st. Louis
stocks were actively dealt in, and improved
l per cent for the common, IN for the first
preferred and per cent for the second pre-
ferred. An encouraging feature of the day
was slightly lower range il time money
rates, funds being offered at per cent for
sixty days and at Az per cent for other
periods up to six months. There was no ap-
probable increase in activity in the CONNER
cial paper market, but indications of the
anticipated easier range in rates were dis
cernible. News of special Importance on
values was almost entirely lacking. The
market closed quiet but strong in tone with
the net changes advances, as rule. Specula-
ton In bonds, while less active than on
Thursday, footed up a large total. Atchison
issues were the leaders In extent Of dealings,
but Oregon Short line bonds attracted con-
siderable business and recorded material ad-
vance. Union Pacific collateral trust 41ss,
trust receipts, moved in eccentric fashion.
The bonds advanced per cent to 531z, re-
acted to so and rallied to "a The aggregate
dealings were 81, 643, 900. The more import
ant gains are Seattle, Lake Shore G. Eastern
frsts, Trust receipts, tx; Kanawha & Mich
igan frsts and Oregon Navigation IS, trust
receipts, 2; Kansas Pacific consols, trust
ceipts. st. Paul gold Is and st. Louis & San
Francisco trust 5s, IL; st. Louis & South
western flrsts and Oregon Short line 6s, per
cent.
The dealings in government bonds were
considerably below the recent average, but
were attended by marked firmness. The ag-
gregate sales were $259, 900.
State mortgages exhibited strength and
improvements Of smart fractions were noted
In Tennessee settlement threes and Virginia
centuries on transactions of SIS, 900.
Tomorrow, Washingtons birthday, being
close legal holiday, the New York stock
exchange and financial institutions generally
will be closed.
Sales Of stocks today included: American
Tobacco, $500; Atchison, $500; American
Sugar, 1880: Burlington, 800; Louisville &
Nashville, 1880; Missouri Pacific, 400;
Rock Island. 9,400; st. Paul, 1920: Union
Pacific, 5000; silver certificates 21,2OO
The following were the fluctuations in the
leading railway and industrial stocks yester-
day: