St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-12-07
FINANCIAL.
New York.

New YORK, Dec. 6.-The feature of
the general market on the stock ex-
change today was dizziness. only six
stocks selling above 10000 shares and
one other above 5000. The four lead
ing industrials, Atehison and st. Paul
did three -fifths of the entire business.
The status of the Atchison company
was again a subject of interesting dis
cussion, the cabled deuial yesterday of
President Reihhart not having by any
means satisfied the street that eYery-
thing was smooth sailing with the cor
poration of which lie is the executive.
The cable was used again today in an
effort to get news of new developments,
but without result, except that late i'm
the afternoon it was announced that
President Reinhart mad sailed for home
on the Teu;oniS today. Whether his
mission. II he had any. was successful
has hot been disclosed. The publication
of the November earnings, showing a
considerable comparative decrease. had
an unfavorable effect OH both the t ,ck
and bonds. The stock, after an early
advance of d per cent, fell off tx, with
final recovery OF q per cent. Early in
the day there was good buying in
Sugar, which sent it up 13s per cent, but
interests which possibly desired to get
the shares at lower figure put out
rumors that the directors, who were
about to meet. would not declare the
regular dividends, and, as result. a
dt cline of 211s per cent was engineered
Upon the announcement of the dividend
near the close of business, recovery
of % per cent enSued Sugar pre-
ferred declined II per cent on the day.
DiStilling was held very strongly.
the belief in an increase in the tax on
spirits prevented any considerable
amount or short selling and the uncer-
tainty restricting the purchases The
stock fiuctuated within a range of q
per cent and gained l per cent. Tue
failure of the Chicago Gas directory to
hold meeting was somewhat of a
damper on the shares, but, as ~ cash
dividend is regarded as assured, the
bears did not care TO put out any short
lines, and gain of g was scored on
last nights price. General Electric
rose Is per cent on the opening deal
ings, and then selling for the Boston
account receded 1s4, but quickly rallied
on purchases induced 10y the lower
figures, recovering IL, of which
q per cent was lost at the
close. London bought of the arbi-
TRACE speclaltles. principally st. Paul,
but the appreciation was only Il
per cent, and was followed by reaction
of and recovery of "a per cent. The
general list was extremely sluggish in
movement outside of few of the
specialties. a strong tone prevailed at
the opening and for the first hour, but
was rather weak during the second.
After noon the speculation became
firm again, continuing so without any
material advance until O'Clock, when
pressure to sell set in, and with it
reaction, which was kept within mar
row figures generally. In the final
dealings covering movement was de-
yeicped which caused small rally and
fairly firm closing. The chief de-
ciines on the day are 29s in Mobile &
Ohio, ~ in Missouri Pacific, az in
Iowa Central preferred and Amer
can Tobacco preferred. IL in
Pittsburg & Western preferred and
T. c. IL st. L.. and II in
Baltimore q Ohio, Grea: Northern pre-