The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-02-04
GREAT NORTHERN BULGE
ITS NET GAIN FOR THE WEEK NOW
TWENTY-SfX POINTS
General Tendency of the Market
Toward a Lower Plane of Prices
In Spite of Marked Strength in
the Case of Some Special Stocks
Bond Prices Firm.

NEW YORK, Feb. 3.-The strength of to-
days stock market was confined to spots and
the general tendency continued toward a
lower plane on realizing sales. Pressure
by the bear traders was marked, and the out
side support afforded through commits
sion houses was considerably less. There
and others We're brought about by manipula-
ton. London also bought some securities
mere. All causes combined, however, did not
tend to maintain prices in the general list
and the average level of the market sagged
to a lower basis.
The most conspicuous movement of the day
was In Great Northern pfd, which added
II more points to its recent upward course,
making Its gain thus far for the week, 26
points. The supply of this stock in the
street at any time is exceedingly light, and
urgent demand for even a small volume
raises the price very quickly. The methods
Of operation ON this road and its financial
relations to its subsidiary companies makes
the stock attractive at any time on the
general possibility of readjustment OF re-
lations, and the advance this week gives
strong ground for supposing that the general
possibilities are shaping in concrete form,
There was nothing in the news of the day to
warrant statement as to what that concrete
form may be. Over 5000 shares changed
hands during the day.
B. & o. also showed continued strength
grounded on rumors of the approaching com
pletion of the reorganization plan for which
there was no authentic warrant. Norfolk
& Western pfd advanced a point at one
time, on the strength of yesterday l psr cent
dividend, declaration, the buying of the stock
for London account being particularly good.
Almost all of the gains were lost in a
late reaction. The coalers were favorably
affected as a group by the prevailing cold
weather, but they failed to hold their gain.
Rubber pfd enjoyed advance from the
current demand for overshoes created by the
storm.
The Vanderbilts were strong at times.
Michigan Central being brought into the
talk CT consolidation. Sugar a'so ruled above
yesterdays c,osing. O.her exceptions to the
prevailing weakness might be named, but
they were not conspicuous, and none held
all of their advance. Union Pacific pfd was
very largely dealt in, and rose sharply over
last nights close, but fell below before the
close. The activity of the market showed
a considerable falling off from recently pre-
vailing averages.
The active interest in the bond market
and prices were better held, the general
bling scored. Total sales, $4,000. Govern
mants bonds strong United States twos ad
vanced u, the new fours, fives and old tours
registered u, and old tours coup II, bid.
Total sales of stocks today were 300, 900
shares, including: 27,640, B. o.; 1881, c..
o.; 1904, Burlington; SAB Great North
er 1ao pfd 7;2s7 L & NJ u Z 222 Manhatta az
379, Reading pfd; 1870, Missouri Pacific; g.,
G29 N J. c.; 4.O3S, N. Y. c.; $3.50, North
American; $500 Northern Pacific; Is, 40 do
pfd; 9.310, Reading; 1928, st. Paul; IL, $685.
Union Pacific; 3,7S5, Peoples Gas; 1890, Con-
solidated Gas; 1913, Sugar.
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