St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-02-05
THREE NEW YORK INSTITUTIONS
READY TO TAKE THE ENTIRE
BOND ISSUE.
THIS GIVES THE PIT A BOOST,
AND Is A DOMINATING FACTOR FOR
GOOD ON THE GENERAL
MARKET.
RAILWAYS TAKE THE LEAD
In the Days Business, the Changers
Attracting the Greatest At
tentiOn.

NEW YORK, Feb. 4-With the exception
of Sugar, which ranked third in volume of
business the railroad list entirely outclassed
the industrials in point of activity today.
Inc grangers, as group, attracted the great
est share of interest, although Missouri Pa
ciic ranked close second to st. Paul. which
was the leader in extent of trading. The
dominating influence upon the general mar
ket was the conviction that the. government
popular loan, for which bids will be opened
at noon tomorrow. will be an unqualified
success both in point of extensive bids and
high average Of prices. AS far as can be
learned. bids from three New York institu-
tons alone will foot up nearly SlOO, O00, 600
without considering the great amount of
scattered bids here and at the leading flnan-
cial centers of the country and the probable
heavy bids for European account. Some OF
the foreign applications for bonds are under
stood to have been cancelled since the free
silver victory in the United States senate,
but it is believed that the Withdrawals will
be made up for by demands from other in
terests. The market at the outset was slight
ly depressed in sympathy with lower cables
for Americans in London, but soon proved
superior to this influence and also to foreign
selling in this market
Prices recovered and upward movement
started, which was in turn stemmed by de-
tefmined drive at Missouri Pacific, attended
by rumors of probable receivership, and also
of dissensions between the president Of the
company and Russell Sage, who are under
stood to hold jointly the bulk of the floating
debt. The stock broke 35s per cent to 207s, but
rallied to 232s on unqualified denials of the
rumors, and in sympathy with a general bull
furry late in the day, in which the top figures
were recorded. In addition to the expected
favorable outcome of the government loan, bull
sentiment was heightened by the nonconcur-
renee by the house ways and means commit
tee in the recent free silver resolution and by
q number of favorable railroad exhibits for
January. In consequence, the dealings were
less exclusively professional than usual re-
Gently. The improvements in prices extended
to 3ls per cent in Leather preferred. The adj
vance was presumably due to inside pur-
chases in connection with the meeting of the
executive committee of the company, held to-
day. The fact of the conference was not
known in the street. The Changers, Sugar,
sey Central, Louisville & Nashville, and Dem
yer & Rio Grande preferred figured for 1902
per cent, while less important gains were
scored in number of instances.
The closing was fairly active and at the
best figures.
the strength Of the stock market, but the
advances reached full figures only in few
instances. The aggregate sales were 81 ,230 900.
The bid prices for governments were ad-
vanced sharply, especially for the new As.
The dealings footed up $29 900.
Sales Of stocks today included: American
Sugar, %, 400; American Tobacco 5000; Bur
lington, 10, 900; General Electric, f. 100; Louis
vile & Nashville, 10000; Missouri Pacific,
80, 600; Northwestern, 1900; Reading $500;
see Coal and Iron, $500; Union Pacific GER
tificates, 5000; United States Leather pre-
ferred, $500; Western Union, 4,200; Wheel
ing & Lake Erie, 1900.
The following table shows the fluctuations
Of the leading railway and industrial stocks
yesterGay.