The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-02-10
STILL AFTER SUGAR
LEADER In THE INDUSTRIAL GROUP
THE OBJECT OF BEAR AGGRES-
SION.
RAILWAY LIST RESISTED.
IN SPITE OF PRESSURE THE GEN
ERAL LOSSES WE'RE ONLY
FRACTIONAL.
TRADE PROSPECTS PROVED PROP
Leaders I'm the Stock Market Are
Apparently Waiting for Some
thing to Develop.
RAILWAY LIST RESISTED.
TRADE PROSPECTS PROVED A PROF

NEW YORK, Feb 9.-The stock market
continued today to feel the influence of the
bear aggressions on the industrials, but the
general list did not respond so sharply to
this depressing effect and railway shares held
their own fairly we'll in face of the market
tending downward. That the market is
largely given over to the industrials is
shown by the fact that considerably more
than half the total shares traded in were
those Of a few of the high-priced industrials
and more than one-third Of the sales were of
Sugar stock alone. The movement resulted in
decline in Sugar Of 21s, Tobacco 21s; Rub
Der, rs, Tobacco pfd, 2& and Leather 1.
All of these stocks suffered in common from
the continued effect of the legislative inves-
ugation of trusts still pending in this CITY,
Sugar was also markedly affected by further
reports from Washington that the protection
on sugar was likely to be impaired by ap-
preaching tariff changes. Whatever af-
fected Sugar Immediately and markedly af-
feoted all the other industrial stocks by SYM
pathy. Tobacco was sold by inside interests
The trading even in these active industrial
stocks was almost wholly professional, and
the market for other securities was stag
nant and seemingly waiting for Developments
though of what is not clear to any observer.
II the waiting is for coming tariff changes, it
is strange that only the properties which will
be Immediately affected by those changes are
dealt in in any volume. With money a glut
in the market, however, and speculation al
most at standstill, it is certain that in
yestors are waiting for some development.
There were signs today that some encourage
ment was felt over the general trade outlook
and over the prospects for railroads. In
spite OF the depressing influence on the mar
ket OF the drive at the industrials and the
stagnation in the London market over the Eu-
urhin oh ieyht hoxy
been reflected here, the railway shares ex-
h1bited considerable frmness and even ad-
Vanced fractionally early in the day. The
enormous sale of print cloths at Fall River
yesterday was no small factor in the harden
ing tendency of the general list. This tendency
did not altogether hold against the downward
tendency in industrialS. and railways were
also somewhat affected by the news Of the
disruption OF the st. Louis East-bound Traf-
tic association by the notification Of withdraw
al received from the c., c., c. & st. Louis.
The losses in the railway list were irregular
and only fractional except in the case Of
Kansas & Texas, which lost a point. Lake
Shore was notable exception to the general
trend of prices, and improved IL per cent.
Other special movements OF stocks were Man
haitian, which rose IA per cent later reced-
ing l per cent on expectation of benefits to
the property from the proposed plan to have
the Brooklyn Elevated and surface cars cross
the Brooklyn bridge. The bonds Of the Brook
Ign elevated roads rose on this, Union f1rsts
and Brooklyn firsts and seconds gaining per
mOrs of conflict IN the management and less
satisfactory conditions in that trade, but
later recovered on official statements denying
any conflict in the management or that any
startling developments would occur at the
annual meeting tomorrow. Consolidated Gas
yielded 1 per cent on reports that a bill was
introduced at Albany for a municipal investi-
cation to ascertain the feasibility of city own
ership of gas plants. New York & St. Louis
second preferred declined "a from the preced-
ing sale on liquidation caused by the passage
Of the dividend on the first preferred stock.
Reading was more active and lost * and
Reading first preferred L on the unsettled
conditions and the liquidation in the higher
priced coalers. which moved in common with
the general list The closing of the market
was weak, with slight changes either way in
the prominent railways.
The bond marke; generally displayed an i'm
proved tendency, and although heaviness was
apparent in some of the speculative bonds
the general trend of prices toward q
higher plane with changes very significant
in some of the investment properties. Sales
were s.. 973, 600. The government bond mar
ket showed firm tone on Increased dealings
aggregating $83 600.
The total sales of stocks today were 131, 078
shares including the following: Tobacco, IA
200; Sugar 46 900; Burlington, $500; L. &
NJ, 300; Missouri Pacific, 5000; Reading,
$500.
The following were thu fluctuations of the
leading railway and industrial shares, fur
nished by C. H. F. Smith & Co., members
New York stock exchange and Chicago board
of trade: