The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-03-01
LEADING ISSUES ACTIVE
STOCK MARKET INTEREST CEN
TERED IN ONLY A FEW SHARES
In Spite Of London Selling the Mar
ket Was Strong, Excepting for a
Few Minutes EARLY, and the Close
Was MT Good Net Advances
Money Rates Easier.

NEW YORK, Feb. 2s.-Today's stock mar
ket was strong but the activity was largely
Conferred In the leading stocks such as Sugar
ne ne GTangers, Union Pacific preferred. and a
row Others. The most notable strength was
aiso shown by these stocks. The total sales
showed considerable falling off from the
f recent average and the market lacked
Dreadth, business being poorly distributed.
, LONDON was q seller Of stocks today for
the hrst time In considerable period. The
local market was as little affected by this
movement as 1t was by Londons persistent
buying during the recent declines, If tenn
Pcrary heaviness at the opening be excepted
The fall In international stocks In the early
dealings was sharp. but was for only a
brief time. Added to the days net gains the
early weakness makes the range of prices in
the stocks affected very considerable.
Apprehension over the Cuban question
seemed to be in allegiance and the course Of
the market was continually upward after the
opening. with the exception of slight re-
highest near the close on profit taking The
noon reaction was attributed to disappoint-
ment because the supreme court refrained
from handing down its decision in the Ne
braska maximum freight rate case.
The sentiment of London and New York
on the Cuban question seemed to be COM
pletely reversed for the recent disposition in
London to look confidently for a peaceful
solution gave way to apprehension today, the
declines In Spanish fours both in London and
Paris Par !. being PARTICULARLY signieant In Lon
meme the less highly significant that the
simultaneous decline in stock prices In Lon
don and the rise in New York were accom-
panied by stiffening of money rates in
London and notably easier one in New
York.
Call loans were made today as low as ~
per cent here, presumably in response to the
god shipments, 100000 additional being
announced. Sterling exhange failed to be
stinened by the gold movement and demand
bills fell to $4.S4, posted rates for long and
short marked down an additional Zee. Con-
siderable additional shipments of gold are,
uider the circumstances, expected later in
the week. There is talk also that efforts
will be made to have the remaining govern
ment deposits Of the Union Pacific money in
New York banks for the present, although
withdraw them in 10 per cent weekly in
stallments. The amount of these deposits
still remaining IN the New York banks is
estimated at $15,OOO,000. The average debit
| balance Of the sub treasury at the clearing
house shows a constantly diminishing ten
dency and today's statement shows a small
credit balance, due to the fact that the gov
ernment's obligations for the past few days
OF February very small. The repIenish-
ment Of the money market by the governms Mt
deficit is much less, however, than was the
case few weeks ago.
The days net gains in active stocks range
up to per cent, and In few cases over
that. Sugar gained points.
The bond market was not active today, and
showed early depression but recovered In
sympathy with the strength in stocks. To-
tai sales, $2400,00O. United States As regis
tered declined r. do coupon IS and the old
As and the 5s " per cent bid.
Total sales Of stocks today were ss1 200
shares, including: Atchison pfd, 1882; Bur-
lington, 36,137; Manhattan, L, 1920; Missouri
Pacific, 4,24s; N. Y. c., 1882; Northern Pa
ciic, 10,490 do pfd, 10000; r. l., 1870; st.
Paul, 50,592; Union Pacific 14145; Tobacco.
6,515; Peoples Gas, 14720; Sugar, 57,SS2;
Western Union $500.
| 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 beard
| of trade: