The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-02-08
CUBAN SCARE REVIVED
STOCK LEVEL LOWERED UNDER
PRESSURE OF REALIZING SALES
Sharp Gains in the Inactive High
Priced Securities, but Net Losses
the Rule in the General List
Large Share of Attention Alb
sOrbed by Bonds.

NEW YORK, Feb 7.-Today's market for
st6cks suffered from the burden of realizing
saIes ana from the bear pressure due to the
reslv ,e OF the Cuban scare. There were
5peclaI elements OF weakness in addition.
Inc Union Pacific securities were heavy on
account OF the announced determination of
Ine government to operate the Kansas Pa
enc under receivership and to seek to post
pone the sale Of that property. The Kansas
racine consols opened off 3A per cent on
Ihe strength of this, but the buying at the
oechne was very heavy and aggressive and
assuring reports were given out that this
security was not likely to be deprived of is
rlsht OF exchange with the organized Union
Pacific securities. This apparently failed To
rally the stocks of the company and thew
were heavy. all day, the preferred going of
at one time rs and the common a point
-. Missouri Pacific showed a recurrence of
It's recent weakness and declined at one time
point below Saturdays close. Lake Shore
New York Central, Northern Pacific pre-
ferred and other recent favorites showed the
enects OF continuation of profit -takng.
me coalers and the grangers were in the
main heavy, Northwest being an exception
Northwest preferred showed a gain OF S11
over the last transaction. Quite number
OF stocks showed gains at the opening but
as rule subsequent declines wiped them all
out.
vigorous movements. This was notably the
case with Metropolitan, which was at one
time 3A above Saturdays close but which
reacted 1as. Norfolk & Western preferred
one time Sss, reacting a fraction en- profit
taking. Michigan Central also renewed its
Interrupted advance and is IA higher for
the day.
There were some sharp gains also in the
usual inactive high priced securities The
feverlsh and unsettled condition of the local
corporations was noticeable in the closing
dealings.
Although the stock market was rot la king
In activity and interest the bond department
Continued to absorb large share of attention
and to show great strength. There were
some five separate transactions in blocks of
par value of 900 or over. Three of
these were in the Atchison adjustment As,
the total dealings in which footed up for the
day, 81, O9f, 0OO The recovery in Kansas Pa
cine consols to 110l2 brought out a block of
100000 which taken by one dealer
There was S125,000 block of the new Union
western consol As were active and strong.
Numerous sharp gains recorded all
through the bond list. Total sales sc, $50 0 0.
U. S. IS were Il higher, and the As both old
and new were Is higher bid
Total sales of stocks today were 421 00O
shares, including 25,020 Atchison pfd, 8025 c.
G o.. 29,620 Burlington, $40 Erie pfd, 1900
Lake Erie & Western, 5491 l.. & N $3.50
Manhattan, 1880 Metropolitan, 1927 Michi-
1888 N. Y. c., 1922 Northwest, II O3O Nor h
Pacific, 1925 do pfd, 4,O56 Rock Island, 22.O9C
st. Paul, 1920 Southern pfd, 1880 Union
Pacific, $3.50 Tobacco. 1900 Chicago G. W.
17O5S General Electric, 2S,S01 Sugar, 1850
Leather pfd, 1850 Western Union.
The following were the fluctuations of the
leading railway and industrial shares fur
nished by c. H. F. Smith & Co., members
New York stock exchange and Chicago board