St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-02-25
MANY THINGS COMBINE TO GIVE
MORE CHEERFUL FEELING TO
REGULATORS.
RAILWAY BONDS ARE ACTIVE,
WHILE SILVER CERTIFICATES
TOUCH THE HIGHEST POINT
SINCE OCTOBER LAST.
CONTINUED
FOREIGN BUl
And Increased Railway Earnings
Are Among the Numerous EIe-
ments of Strength.

NEW YORK, Feb. A.o-The stock
market started in after the double hoI-
1day with cheerful sentiment ruling.
Continued favorable interest in our Sc
cur1ties was displayed by foreign deal
ers, and an encouraging feature was
the report OF fairly large business by
commission houses. The steadily in
creasing gold reserve of the treasury
ease In money, the evidence of the de-
sire OF capitalists to employ idle money,
as fenected in the strength and actiV-
1ty Of the railway bond market, and
substantial improvements in railroad
earnings made up part of the dull pro-
gramme. An advance in the price of
silver bullion certificates to the highest
point since October last also quickened
the sentiment in favor of higher prices
The statement of the Lake Shore for
the quarter ending Dec. 81, showing a
decrease in the surplus of SITS, 523, failed
or erect, as the stock, in common with
the other Vanderbilts, displayed consid-
cradle strength. st. Paul & Omaha
was stimulated by the publication of
the report for the calendar year, exhib-
1t1ng an increase in operating expenses
OF $lO9,5 32 and an increase in surplus
after the dividend on the preferred
stock Of $780, 36. Baltimore & Ohio
was the weak feature on unfavorable
predictions by traders, as the result Of
the expert investigation now going on
regarding the financial outlook of the
property. 1t is claimed that the result
of the examination will be to compel
the heroic action that has been so long
deferred The railway shares as a
group surpassed the industrials in point
of activity, although in this Sugar came
next to ST. Paul, which led the entire
market IN extent of trading.
The greatest strength was displayed by the
international group. Denver & Rio Grande
and Lake Shore rose 21a; Louisville e Nash
vile rs; Atchison preferred 13s, and other
first place among the industrials, and, on re-
newed pool manipulation, gained ~ per cent
to 1171a. General Electric improved ~, and
Tobacco, Chicago Gas and Distilling nearly a
point. The upward movement was checked at
intervals by realization. But the offerings
were well absorbed, and the market closed &C
tive and strong, with substantial gains in
many shares as result of the days trading.
The bond market exhibited increased activ-
fty and strength, feature OF this market be-
ing the execution of liberal investment and
speculative purchases for foreign account
There was also active local demand from
capitalists and financial institutions. The ag-
gregate sales were $2,S92,0O The principal
net gains were: Tennessee Coal firsts, Bir-
mingham division, a. Northern Pacific Eds, q;
Northern Pacific consol S. ~; Northern Pa
cifc trust receipts, 11s; Virginia Midland gen.
erals. 2; Virginia Midland stamped, 8; Atchi-
son As, ~; Atchison trust receipts N Atchi-
son adjustment 17s, and Atchison seconds,
1A per cent
Trading in government issues was compare
lively quiet, but values were fairly well sus-
tanned on sales aggregating $132, 900.
State mortgages were neglected, only sale
of $1,000 Virginia deferred IS, stamped at 6A
being recorded.
Silver certificates advanced sharply today,
$4O.O 600 being dealt in at 69A @70, in response to
higher London quotation and the resulting
improved commercial price here. The buoy
ancy of the white metal chiefly due to
demand in London for shipment to India. The
supply has been depleted by the decreased pro-
duction and low price which, on the other
hand, has increased the consumptive demand
for use in the arts
Sales Of stocks included: American Tobacco
1900; Atchison, 1880; American Sugar, 2S,7O0;
Burlington, 800; Chicago Cas- II, 300; Distill-
ing and Cattle Feeding, 4,6OO; General Elec-
trio, 5000; Louisville & Nashville, %, 400; North
American, $500; Rock Island, $780, st. Paul.
10000; Tennessee Coal and Iron, 3,10O; Union
Pacific. 100; Wabash, 4,300; Wheeling and
3 100