St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-02-10
up tack. The grains scored were material in

up tack The grains scored were material in
number Of instances. Manhattan. for ex-
Distilling and Consolidated Gas IL and
R Ransas Texas preferred and Missouri
selling pressure, which had been evident yes
terday, rallied ~ per cent. Profit taking to-
ward the end of the session caused general
recession, Leather preferred leading with
drop OF 1h per cent. The market closed IT,
regular at concessions from the top figures,
but at general net gains.
The oyershadowing topic of interest of the
week, both in and out of Wall street, has
been the closing Of the bids for the new
800, 10000 government loan and the allot-
ments 1t is contended in strictly Wall street
circles that the primary object Of the latest
bond issue is likely to be in large measure
defeated In other words. that many of the
7S1 bidders, outside of the Morgan syndicate,
have been more bent upon securing the bonds
than conscientious as to the source from
whence the gold to pay for the bonds is drawn.
me point is made by these critics that no
small part of the treasury stock of gold may
be taken to pay for the bonds, and that the
net increase in its resources from the sale
OF bonds will fall far short of present antici-
pations. Already indications point to a re-
Taxation of the tension in the money and
commercial paper markets. Sugar and ST.
Paul have disputed the leadership of the mar
ket and show net gains of SIS and 3h per
cent, respectively. The more important in
huences aside from those already noted have
been the news that the house will on Monday
vote upon free silver substitute bill for the
bond bill rumors affecting the financial credit
Of the Missouri Pacific. afterward authorita-
lively denied; persistent selling Of American
stocks for foreign account, and the usual
adroitly arranged out-givings Of the manipul-
ators of the industrial stocks. The net re-
suits show advances, and the more important
of which follow: Rio Grande Western
Leather pta ~ cossen 81! pfa AZ North
west, 3A; Tennessee Coal, 39s; Minneapolis &
st, Louis first pfd. 4; do second pfd and
Metropolitan Traction 8; st. Paul and st.
Paul & Omaha, 3D. and Burlington and Rock
Island. 31s per cent. Missouri Pacific had de-
noted but closed only rs lower The aggre-
gate sales were 1,45S. III shares. The rail-
way bond market today exhibited continued
strength and advanced on dealings footed up
to 1895. 900.
Government bonds ruled strong and higher
The new coupon As were in great demand,
$4,000 changing hands at slight advance.
Railroad bonds for the week were strong
and final prices for the leading speculative
Oregon Short Line and Northern Pacific
mortgages were heavily dealt in The first
IS trust receipts and first consol SIS of the
first mentioned road are up 3a4 and Az per
cent respectively, and the thirds of the latter
company are A per cent higher. The aggre-
gate dealings were So, OLE, 600.
The pronounced success of the new govern
ment loan was reflected in buoyant market
for the issues outstanding Sales Of stocks to-
day included: American Sugar, 81 coo; Ameri-
eanTob oae y 400; Atchinson. 800; Buring
company, $500; General Electric 200;
Kansas & Texas pfd. 2,400; L. & N, 5000;
Manhattan Con-, 1900: Missouri Pacific, 1900;
Northwest, 1920; Pacific Mail, $780, Reading
2.4OO; Rock Island, 800; St Paul II, 600; Silver
certificates, 10000; Southern Railway, 1900;
do pfd, LOO; Tennessee C.. & Iron, 4,20O;
Union Pacific certificates, 1600 United States
Leather pfd, 4,200; Wheeling & Lake Erie
1920.
The following were the fluctuations in the
leading railway and industrial stocks yester-