The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-03-18
CHECK FOR STOCKS
BEARS ABLE TO STAY THE RISING
TENDENCY IN THE GENERAL
LIST.
VANDERBHTS MADE GAINS.
FOR THE REST OF THE SHARES
THE CLOSE WAS SLIGHTLY
LOWER.
TRADING DULL ON THE DECLINE.
London Selling Gave the Market u
Turn Toward Weakening in
the EARLY Hours.
TRADING DULL ON THE DECLINE.

NEW YORK, March 1.-THE reactionary
element on the stock exchange was able to
check, in part, the upward tendency of prices
today and the net result of the days trad
ing was general loss of a fraction most of
the Vanderbilt shares being the only excep-
lions. 1t is a fact worthy of special notice
that the volume of the trading IN this re-
dictionary market fell off quite largely from
that Of yesterday. Quite a large number of
today's dealings also were in those stocks
which are firmer. The falling off in dealings
on the downward course of prices nota-
Bile, as 1t has been for some time past. There
is food for thought in this for those who
lament the decline of business on the stock
exchange and who express the fear that
bucket shops have taken away the business
OF the exchange Plans have been suggested
for the suppression Of the publication Of
stock exchange quotations as a cure for this
decline of business. But the appreciation of
values of securities dealt in on the exchange
seems from the lesson of events to promise
sure remedy for decrease of business
Various factors came to the aid of the
bears in today's market. The marked de-
preston on the London and continental ex-
changes gave its tone to the opening hour
and continued to influence the market to
greater or less degree all day. 1t was esti-
mated that London sold about Il, 600 shares on
was notable in most of the international
stocks, especially IN St. Paul and Louisville
& Nashville The influence Of the foreign de-
preston seemed to have been overcome soon
after the opening and the strong buying move
ment in the Vanderbilt stocks which has been
a feature for several days past was again
in evidence. Strong support also DEVELOPED
for Missouri Pacific and Wabash which were
Weakness developed, however, in Tobacco on
uneasiness in regard to the coming action
OF the directors on the dividend and the stock
was forced down 23s to 76. Manhattan also
lost rs and New Jersey Central and Reading
s each on the depressed condition of the
anthracite coal trade.
About midday support again shown
Tor the market, the buying Of the Wander
b1lts being again strongly manifest Omaha
rose 3A to 65; New York Chicago & Northwest
first preferred 2, and second preferred, IA
canada southern, 13s; Lake Shore, *, and
New York Central q. Tobacco also recov-
cred IA. Consolidated gas IA Con. Gas ia
ana the grangers aond southwesterns a frac-
oon: The bitumnous coal roads were heavy
hooking Valley lost per cent. The upward
tendency of the market was checked by profit
taking, Sugar, Omaha and Missouri Pa
clhc being the greatest sufferers. Tennessee
Coal Iron also receded l. A heavy lioui-
datlon in Standard Rope added to the depres-
sion. the common stock showing a slump of
3Q6A, the per cent bonds Of to e. and
the income bonds So to 16 The IS rallied
Ia, and the stock q at the close Sugar
moved to degree independently of the gen
eral market and without influencing it, The
stock showed a net gain Of Il on the day.
while the general list outside of most of the
Vanderbilts showed average decline of a
fraction.
Chicago Gas advanced 1 at the closing and
a hrmer tone became evident in the general
list
The bond market was moderately active
and fairly steady throughout. The dealings
lacked feature aside from the sensational de-
cllnes IN the Standard Rope issues, the sales
pelng 1,554,OOO Government bonds ruled firm
on purchases of $4,000.
The total sales of stocks were today 200, 101
shares, including: Tobacco, 135O0 Sugar
80, zoo; burlington, 1900; Canada Southern
5000; Chicago Gas, $500; c.. c., c. & st. L.,
II, 300; Chesapeake & Ohio. $500; General EIec-
trlc. 1900; Manhattan, 3400 Missouri Pa
c1fc, 1920; New York Central, $500; North
west 200; Omaha, 1850; st. Paul, $500; West
ern Union, 3400.
The following were the fluctuations of the
leading railway and industrial shares, fur
nished by G. H. F. Smith & Co., members
New York stock exchange and Chicago board
Of trada -