St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-10-18
FINANCIAL.
New York.

NEW YORK, Oct. II. - There was
fairly active speculation on the stock
exchange today, and large blocks of Dis
tilling, Reading, Sugar, and Chicago,
Burlington & Quincy changed hands.
But it was brokers' market almost en-
tirefy, ana the dealings even during che
brief periods of strength, which served
merely to stem the downward move
ment temporarily. were feyerlsh and ir-
regular. There was at no time during
the day what might be called strong
buying. except In Distilling, which was
supported from the inside, and which
was bOlstered up by the announcements
oft before repeated. that the distribut-
ing company had been brought to terms,
and that favorable congressional action
was to be anticipated. On early purchases
the stock advanced 195 per cent to "a, but
upon reaching this point it seemed to
have lost all its support, and sagged off
during the afternoon to 314, closing at
3115, decline on the day of "a per
cent. Reading declined steadily from
the opening on heavy selling, based Oh
decreasing prospects of preventing the
sale of the company's collateral held for
the Speyer loan. The lowest point was
touched shortly after noon, when a de-
cline of " per cent had been recorded.
Then came reports OF efforts being made
to prevent the sale. and probability of
success, which led to a recovery of e
per cent, the closing being within Is of
the best figures, but per cent below
yesterdays final sales. Sugar was fav-
orally affected by reports that
the company was in the market as
a large money lender, and advanced
IA per cent. only, however, to quickly
| lose the improvement, and gradually
ad r1t,fIl tho aInSn tuhQn a dQOlinn
of Ia per cent from the highest point
| was established. The general market
! was strong and higher at the opening.
and an advance of 114c was made in
| which industrials were leaders. A sell
| ing movement was developed, however,
| within the first fifteen minutes of bust
ness, under the influence of which
values deprecated, and with an occa-
sional feeble rally the tendency of prices
was downward during the rest OF the
| day, the close being heavy at declines
ranging from 4 to per cent. the latter
in Chicago, Burlington & Quincy;
| TX in Rock Island, ~ in G. c.
| G. & st. Louis, and Duluth. South
= Shore & Atlantic, IL in Manhattan,
| Consolidated and American Tobacco,
| IL in Chicago Gas. General Electric,
Lake Shore and New York IL Northern;
IA in Missouri Pacific and per cent in
Reading. Some few shares showed ad-
| vances on the day, including Laclede
a., Gas IL, Wheeling & Lake Erie COM
| mon, IL, do preferred and Delaware,
| LackaWanna 81 Western l per cent.
| Pacific Mail opened at decline of Is :,
but rose " at the close. Des Moines
and Fort Dodge preferred sold at &c, an
] advance of 9 per cent on the last pre-
/ vious sale. The railway and miscel-
| Iopaoue hnnd LIST was irregular and nm
settled, the prevailing tendency being
| toward weakness. Louisville, st. Louis q
j Texas frsts sold at 49, the last previous
4 " recorded sale having been at 80. Erie
seconds extended declined 5; Boston
Hoosac Tunnel q Western fives. 215 /;
Oregon Improvement tives, IL Reading
first preferred incomes, II, and Union
Pacific ID. q L. firsts, Southern Pacific,
of California, frsts, Northern Pacific
seconds, SusQuehanna & Western fives,
| Kansas d Texas As, and Chicago, Bur-
lington q Quincy conSols. per cent.
Kansas Pacific consolS, 8; New York,
Chicago & st. Louis registered fours,
81, Chicago, Burlington & Quincy,
Denver division fours of 1921, 21a /;
| Hooking Valley fives, u Consumers
Gas of Chicago firsts 2, and Lake Shore
coupon seconds and Lehigh andWilkes-
barre consoIs assented per cent
Total Sales of Stocks
today were 194,40O shares, including:
Atchison, 1880: American Sugar. 90
800; Burlington & Quincy, $4,000; Chi
cage Gas, 1900: Distillers and Cattle
! Feeders, IS, rs; Louisville & Nashville.
[ 300; Missouri Pacific, 1870; Reading,
$1,000; Rock Island, $500; St. Paul,
1880; Union Pacific, $500; Western
| Union, 5000.