St. Paul daily globe., 1889-11-19

sugar Is down 1ss and Atehisen 1i9, Ten
nessee CoSii is up 5, Colorado Coal 3's; Den
yer. Texas Il Fort Worth SO aud Chicago
Gas ], the other changes belI.se tOr irhrtionsal
amounts. Rail and bonds were .caussSi ~,
much more quiet than stocks. and also MT,
more regular in their movement, the tone OF
the dealings being steadily firm throughout
the day. The sale of all issues reached
Sl,4s6.O0O: ont of Wabash seconds
contributed Sl43,O00 and the Texas
Pacific 2ds Sl23.000. This only feature OK
interest was the strength OF the Reading jun
iors. the thirds rising TO 49, and the 2ds
la TO Co.'s Chesapeake Il Ohio mortgage
6S rose , 10 rs, and Harlem Reg lists = TO
l27: c., G. c. Il |. general Us lost at l2O.
The Posts financial article says: There ap-
pears 10 be some obstacle in the wav OF the
reorganization of the Cotton trust into a cor
poration. as the deposits of trust certificates
for transfer is very small. There is no mar
ket for the certificates of the Central trust
company, representing the proposed new
common stock. and any one holding the pres
eDt cotton trust certificates prefers to keep
them. as they are at least salanie.
though at deelinging figure; Inc
trouble with the Cotton trusts affairs ap-
pears TO be that in the recent attempts OF its
officials to bull the lard and oil markets 1t
has accumulated large stock, both manu-
factured oil and also cotton seed 10 manu-
facture more, stock SO large that The mar
ket for those articles will nor take 1t without
of this stock OF material also. necessary FOR
the trust to put out a large amount OF It's pa
per. which is now coming due and whicn,
under the circumstances, the trust nnds "
very difficult to renew. There is strong
possibility of a receiver before Its affairs can
be adjusted. The most conspicuous stock on
the list however, in the forenoon was Ten
nessee Coal. which fiuctuated wildly from 73
at the opening. to 81 by 1880 and
40. 81, 10 in the hour to o'clock. 1t is be-
ing traded in by good many Southern peo-
pie who are enthusiastic over the great IN
crease of its earnings, which were 77:nuO
for October. leaving surplus earnings OF S4Z,-
600 over fixed charges for the month. rms
great increase Of profit is due TO the advance
In prices Of iron. Union Pacific and Denver
& Fort Worth were the next most eonspieu-
GUS for activity and advance owing TO the
large earnings of the former and the general
belief chat now that Denver d Fort worth
has become practically part of the Union ia
cific system Its earnings will be largely IN
creased. London sold some stocks this fore
. noon. and especially Louisville & Nashville
and Norfolk d Western preferred, though
there was the result of apprehens10ns
there that the Brazilian revolution would in
some way require the withdrawal OF gold
from the Bank of England for export TO
South America. Government bonds have
been dun and steady. State bonds have been
entirely neglected. The total sales of stocks
today were 459.061 shares, including: Atch-
ison, 25.563; Delaware Lackawanna d West
ern, l4,603: d. I. q F. W.. 10, ,l45; Erie,
3.O33: Lake Shore, 3.O54: Louisville &
Nashville, $3.50 Missouri Pacific, l0.4lO;
NOrthN estern, 6.O25; Northern Pacific pre-
1920; Reading, 36.3eO: Richmond & West
Point, 1898; st. Paul. 24,597; Texas Pacific,
4,4l0; Union Pacific. 1875; Western
Union. 5000.