The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-02-11
STEEL SOLD DOWN
COURSE OF ILLINOIS COMPANY,S
SECURITIES A FEATURE OBJ
STOCK TRADING.
lNDUSTRlALS RAID Renewed.
NOTHING TO SHOW ANY WELL-SUS-
TANNED SUPPORT FOR THE
GROOP.
RAILWAY LIST WAS INDEPENDENT.
The General Close Was Sluggish,
But for the Majority of the
Issues Steady.


NEW YORK, Feb 1O.-The stock market
continued within the same narrow LIMITS to-
day that have characterized 1t for some time
past, the trading being almost wholly con-
fined to the industrials, with little evidence
OF any demand or inquiry otherwise than
by the room traders seeking days margin
OF profit in manipulation of the stocks. Sugar
dominated the market for miscellaneous Sc
curities owing to the large volume of the
trading in that stock, but railway shares
showed a disposition to move independently
of the overshadowing tndustrials. The bear
attack on the industrials was resumed with
the opening Of the session with renewed
vfgor, and they succeeded in depressing
Sugar rs, Tobacco IL, and Leather pre-
ferred l per cent. The subsequent fuctua-
tions in these stocks were very marked,
being caused by the covering of the shorts
There was nothing to show well sustained
support for any of them, and they
seemed to be left to the course
of manipulation. All sorts Of rumors
and reports were used to press down
the price of these stocks, the principal ap-
prehension concerning them being in regard
to the trust investigation committee The
pressure against Rubber was particularly
we're. the common stock yielding rs and the
preferred per cent, with a final recovery
were reports that certain Of the Rubber
properties were to close down and that OPP
position by competitors was likely to de-
velop. There were also sharp declines in the
anthracite coal group. The railway list was
well sustained by late advices Of a strong
and higher market for American securities
abroad, In consequence of an improvement
in the political outlook. The very favorable
traffic statement of ST. Paul for the first
week in February, showing an increase Of
1928, also helped prices of railways, notably
the grangers. The Importance sought to be
attached by the bears to the reported serious
illness of President Roswell G. Miller, of the
st. Paul, was offset by the traffic statement.
There were some foreign sales of the stock
but it was well sustained throughout, and
closed unchanged. Illinois Steel was a promi-
nent feature in the days business, and the
price moved widely, according to the tenor
OF the adyices from the annual meeting In
progress at Chicago. Nothing authentic as
to the annual report was received up to the
close of business. But the bears were in
chned to attach Importance 70 the rumored
ACKNOWLEDGMENT Of the steel rail pool and the
reports OF strained relations between the
Illinois company and the Carnegie Rookie
Teller interests, subsequently discredited The
stock fell ~ to 321a, rallied to 3412, and re-
acted to 1872. The price of Sugar rallied in
the final hour IL to 1123s on reported adj
vance in the price of the product and on
extensive covering by the large short inter-
est. Tobacco gained 114, and other shares
important fractions. The closing was slug
gish, but mainly steady.
The bond market continues to maintain a
decided undertone of strength, despite the
weakness apparent at times in the share
speculation. The sales were g, 032 000 St.
Paul, w. & M. division, fves declined 1 per
cent. The government bond market was act
i've, but values were irregular, with a lower
tendency. The glut of money at this center
showed a wider market for these securities,
which are being largely taken by banking
institutions. Sales were $4,000. The total
sales of stocks today were 1874, sos shares
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 trade: