St. Paul daily globe., 1896-02-09

terday, rallied IL per cent Profit taking to-
ward the end OF the session caused general
drop of rs per cent The market closed ir-
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
$lOo 600 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 q large measure
defeated In other words that many of the
Io1 bidders. outside of the Morgan syndicate
nave nave bsen more bent upon securing the bonds
than conscientious to the source from
whence the gold to pay for the bonds is drawn.
Ihe point is made by these critics that no
small part of the treasury stock of gold may
be taken 10 pay for the bonds and that the
net increase in its resources from the sale
OF bonds will fall far short of present antci-
patlons Already indications point to 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 55s and 31a per
cent. respectively The more important in
fuences 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
adroitiy arranged out-givlngs of the manipul-
ators OF the Industrial stocks. The net re-
suits show advances, and the more important
of which follow: Rio Grande Western
preferred, 5; Consolidated Gas, 49t
Leather pfd, AZ; Cotton Oil pfd. AZ North
west, 3A; Tennessee Coal 36s; !; Minneapolis &
St Louis first pfd, 4; do second pfd and
Metropolitan Traction, 8; st. Paul and ST
Paul & Omaha, 81, and burlington and Rock
Island, 31s per cent. Missouri Pacific had de-
clared. per cent on the rumors previously
noted, but closed only 14s lower. The aggre-
gate sales were 1,45S.117 shares. The rail-
way bond market today exhibited continued
strength and advanced on dealings footed up
to 1895, 600.
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
issues are generally. materially higher The
mortgages were heavily dealt in. The first
IS trust receipts and first consol IS of the
first mentioned road are up 3&4 and Az per
cent respectively, and the thirds of the latter
company are 4 per cent higher. The aggre-
gate dealings were 50 075 000.
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. 600; Amerl-
canTobacco. u 400 Atchinson, 1.500; Burling-
ton, 5000; Chicago Gas, 8, 700; Distilery Cattle
company, $500; General Electric 2,1OO;
Manhattan Con-, 4,9O0; Missouri Pacific 2,2OO;
Northwest, 4,2G0; Pacific Mail, $500; Reading,
2,400; Rock Island 800; ST. Paul Il 900; Silver
certificates, so 900; Southern Railway 15OO:
do pfd LOO; Tennessee C. & Iron 1920;
Union Pacific certificates, 1900 United States
Leather pfd, 1900; Wheeling & Lake Erie,
1920. .,r t.,...5..-.,o
The following were the fluctuations in the
leading railway and Industrial stocks yester-
day;