St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-09-04
FINANCIAL.
New York.

NEW YORK., Sept. with a better under
Standing OF the question at.issue between the
lfeaoing and the Pennsylvanla railroads over
the tolls on coal, there was q disposition on
the part of the local Wall street operators to
undo the damage they had done i'll the prices
OF the Coal shares, in which there was a ma
terlal rally in all of them.
The cholera scare has evidently had its
day, as the report that several new cases had
been brought into port failed to create even
a ripple OF Interest in the board. The
manlpulatorS OF the 1ndustrialS were again at
work and were prominent buyers of Sugar.
though the improvement was probably legiti-
mate, taking into consideration the possible
interruption of supplies from abroad.
There was an attempt to take advantage of
further liquidation at the opening, but, while
first prices were all from ls to I2 per cent
lower than those of last evening, offerings of
stocks were limited, and the shorts were
compelled to tIrn their attention to buying
to cover Immediately. Few of the local
operators wish to allow a double holiday TO
pass with open short accounts, and the lack
OF sellers, therefore, had the effect of imme-
ulateiy rallylng. the market, and a firm tenn
per was established in the general list, not
withstanding the comparative dullness which
prevailed, and which lasted throughout the
session.
The activity in Reading. Sugar and st.
Paul was still marked, but the recoye,ies in
prices were most conspicuous among those
shares which have been upduly depressed by
the late drives and the coalers. Sugar ana
several specialties like Pullman scored hand
some gains on a much smaller business than
sufiiced to depress them. Reading rallied to
80. but Jersey Central rose 3 to l29I2. Della
ware Il hudson 2 to I3l. and L~ackawanna
2l2 to 155. Sugar in the meantime rose from
los to 1l11h. closing at 1iG5s. The unfavor-
able bank statement had no apparent iufu-
ence. and The market finally closed quiet but
firm, with mort stocks at fractions better
than last evening. The trading reached IO4.-
10 and 33.05s unlisted. Reading contributed
IS, 1851 and Sugar q, $40.
The Post says: Today's operations showed
that the market has been largely oyersold,
and now there is q scrambling for stocks,
recklessly thrown overheard. While no doubt
the cholera was a legitimate factor in the
recent heavy declines, especially in its de-
raIigement OF commerce., it was used to de-
press prices to an unnatural level. Weak
and frightened holders of stocks were large
sellers. Inside buyers picked it up almost at
their own prices. The whole thing has peeu
done with unusual completeness and neat
ness. This was all shown today in the many
advances. Most of the trading was for the
purpose of Closing accounts, III view of the
approaching holiday. Under present condi-
tons there was a general wish to carry as
little stock as possible over to Tuesday. New
ertheless, considerable buying was necessary
to even up the counts of traders who had
oversold on the recent fright.
The Total Sales of Stocks
today were 1929 shares, inciuding:.,1
Atchison.:. 49,. aoolReadfng ".3s, zoo
D.. B.& w.. 2,SDt Rich.@& w. P. {, 7JO
Erie.....:...... 2,10t ST. Paul.. $500
Louis. & Nash. 3.2ot Western Union. $3.50
StOcks-Closing.
Atchison......... 3t7sI Nat Cordage pfd. lI6
Adams Express. 146 n. j. Central. -. I2Sla
Alton & Terre Il. 80 Norfolk q w. pfd. Al
do pfd..........1 North Am. CO.. 1888
American Ex....120 Northern Pacific. 1914
Balti. d Ohio. 9as4 do pfd. 54ls
canad'n Pacific. s14 U. P, 4 Gulf. 1912
Can. Southern =. 5tIa Northwestern. ~..1li4s
*Central Pacific. 2s do pfd .........14 40
Ches. & Ohio. 2.9s IN. Y. Central -. IU9s4
Chicago IL Alton .14S n. Y. K n. Eng. Bale
Co. B. & Q........ 99s4 Ont. d Western. 1888
Chicago Gas. ..... s s4iOregon Imp $50. 20
Cons oil. GaS-.....116 lOregon Nav 49,. 20
C., C, {. 4 St. L. GA {. $: L. & U. NJ. 20
Colo. Coal & Iron 37ss Pacific Mall. 3 "a
Cotton Oil Cert's. AHA r. D. d E........ 1912
+Del. g. Hudson .130 I*Pittsburg ........ 155
Del, l.. & W.. .154l2 Pullman P. Car .193
d. d X. G. pfd.. 47l2I Reading 49,. u. 545s
DiStillers' d c. +. 4.8 Richmond Ter. SIS
ETie.::......... e6 Trio CIV estern.. 81
Fort Wayne......15 Rock ~Island...... SIS
Great Nor; ,pfd 1888 +StL.&S.F. lstpfd IS
Chi. & E. Ill. pfd. 81 st. Paul .......... SOS
Hooking Valley. 81 do pfd...... ...12484
Illinois Central. 9Sl.l st. Paul & Omaha. 40
Kan. & Tex. pfd. 25lsI southern Pacific. s54
Lake Erie & W.. 22l2 Sugar Refinery. IL Ia
do pfd.......... f4s4 Tenn. G. d L.. 80
Lake Shore ....131l2 Texas Pacific 80. GA
Lead Trust. 40l2 Tol. d 0. Cen. pfd. SIS
Louisville & NJ. Co.'s Union Pacific. 31Ia
Louisville e. Ma. a3A U. S. Express. SIS
Manhattan Con 12yls Wab.. st. l. L. p. 10la
*Memphis & Chas so do pfd..... =. o3s4
Mich. Central 80. 104 lWells-Fargo EXP. 143
Missouri Pacific. 594 Western Union. 0Iss
Mobile & Ohio. 3Gl2 Wheeling d l.. E.. 25lS
Nashville & Chat. SIS do pfd.......... 65
Nat. Cordage. ...l3l