St. Paul daily globe., 1896-02-19
STOCKS VERY QUIET
DULLNEss IS THE RULING FEAT
URE OF THE DAY IN WALL
STREET.
EARLY TRADING WAS FAIR,
PURCHASES FOR FOREIGN AC-
COUNT DOING MUCH TO sUs-
TAIN THE MARKET.
DULUTH & IRON RANGE FIRsTs
Score a Gain of More Than q Point
New Bond Issue Selling at
Over III.
EARLY TRADING WAS FAIR,
DULUTH & IRON RANGE F1Rsrs

NEW YORK, Feb. 18.-The stock market
was rather dull throughout the day and de-
void OF special interest as a result Of trad
ing. Prices are pretty evenly divided be-
tween gains and losses, but neither are Of
much Importance. During the forenoon spec
ulation was in good tone, and the tendency
OF prices was generally upward. Purchases
for foreign account were the sustaining influ-
ences Of the market, and additional stimulus
was given to the purchasing movement by the
satisfactory condition of the money market
despite the heavy drains upon it in connection
with the financing Of the government bond
loan, and another element Of strength was the
most satisfactory reports Of railway earnings
for the second week of February, which in
most instances showed gains. Rumors, which
do not appear to have any foundation, but
which were calculated to move UP Sugar GER
tiicates, were put in circulation but had lit
tie or no lifting power for the stock. The
chief advances were Louisville & Nashville,
IL, and Tennessee Coal, l. the latter on buy
ing induced by improved trade conditions.
Around midday the market became irregular
on light volume of business and figures
sagged slightly thereafter up to the last hour
OF business, when a somewhat pronounced
selling movement set in, which resulted in a
loss of the greater part of the early advance
and in some cases brought figures down be-
low the bottom figures of the morning. Man
haitian was exceptionally weakened and fell
off 2A to 104%. The other Gould shares were
also heavy, notably Missouri Pacific, which
receded IL per cent. Leather preferred
dropped 1A per cent on a reiteration of the
unfavorable gossip as to a February divi-
dend. New Jersey Central was pressed down
IA per cent owing to the hostile attitude
of the New Jersey legislature toward the
coal combination. The concessions in the bal
ance of the list extended to rs per cent in
Chicago Gas and / per cent in General Elec-
tric. The closing was moderately active but
heavy in tone. Today's bond operations were
quiet and uninteresting A firm tone pre-
vailed, however, and gains were generally
scored extending to ~ per cent in Central
Pacific SKIES of '95. Duluth G. Iron Range
firsts, Chesapeake & Ohio 5s, Fort Worth
& Denver City frsts trust receipts, and Bur-
lington Iowa division fours, 1 per cent. The
aggregate transactions were 81, 109, 900.
The new coupon As continue to absorb at
tention in the government bond trading. This
issue made a further progress toward high
level, transactions being made at Hts,
which is the best price attained since the new
loan was foated. Large blocks changed hands
at ICY to Hts, the latter being the clos
ing price, and the aggregate sales reaching
s510 900. Sales Of stocks today included:
American Sugar. 1880; Burlington, S4OO;
Chicago Gas. 5.4oo; Distilling, 5000; Louis
vile & Nashville 15300; Manhattan. $40;
Rock Island $500; Rock Island, $500; St.
Paul, "a 500; United States Leather preferred,
4,S0O; Wheeling C Lake Erie, $780,
The following were the fluctuations in the
leading railway and industrial stocks yester-
day: