St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-12-16
FINANCIAL.
New York.


increase of activity On the stock eX-
change today; If anything, the speeula-
ton was less interesting and devoid of
features than on any of the days dull
ness that has prec aded 1t. The return
of President Reinhart, of the Atchison,
and his statement touching the COM
pany'S affairs, giving fiat denial OF all
the unfavorable ramOrS current during
his absence, created scarcely ripple of
interest, the only evidence of increased
attention to the shares being slightly
larger sales and, contrary to what might
be expected, decline in both stock and
bonds. st Paul was pressed for sale on
renewal of the reports OF the
decreased earnings and predictions
that the earnings of the second
week in December would show a
very small loss. The granger shares
naturally suffered alphabetically, but
except in st. Paul, which shows a de-
cline of l15 per cent on the day, falling
of in other grangerS was confined TO
fractions. Sugar received the largest
share of speculative attention, and with
the exception OF decline of 4 at the
opening and a reaction Of q during the
morning on a bear raid, advanced
SlSduliA OH SVOu DuAIuS until ldlS III
the afternoon, selling up SO per cent
from the lowest point. RealiZaIions
| caused a reaction of 81 in the late deal
ings with final recovery of p, the
gain on the day being 2}s per cent. The
preferred shares were advanced ia per
cent. General Electric was sold by
Boston early in the day, receding per
cent, but strong buyers were attracted
by the decline and rise of u per
cent was recorded. followed by reac-
ton OF = and recovery of 4 making it
| even on the day. New England
J suffered during the morning from re-
! ports of differences OF opinion in the
| company as 10 the proposed extension
| to New York city, and quite good deal
| of stock was brought out at declining
! figures from 2S5s 10 27X. During the
/ afternoon the stock was neglected and
/ closed at 2S3s. Consolidated Gas, ON
! purchases OF LOCO shares, rose So per
! cent. The industrials were the strongest
shares on the Iis;. and closed generally
at an advance Oh yesterdays final sales.
| Rubber preferred, II, and Lead pre-
ferred, 155 per cent. Great Northern
| preferred shows a gain of II per cent.
! a ajOrity of the shares traded i'll re-
! corded decline on the days trans
actions, which was fractional except i'll
| three caSeS-Pittsburg & Western pre-
| ferred, which is down l; st. Paul, Is,
and Evansville IL Terre Haute, u per
| cent. Eria was neglected on the eX-
change. but rumoTs were rite with its
! affairs, and declared that the reorganiZ-
| alton committee had decided on
plan which J. PierpOnt Nor
| gan was asked TO finance, and which
provides for a blanket 3 per cent mort
! gage TO cover the seconds, funded fives,
! incomes, collateral trusts and floating
debt and furnish sufficient capital to
/ run the road for several years without
( running the risk of having it again in
| financial difficulties before the plan OF
reorganization shall have had chance
10 work. The amount Of the blanket
mortgage was estimated at $4,000, 600 to
SO, 000,000. The report of the commit
tee-is anXiously awaited. The general
market was weak in the late dealings,
Distilliug being the feature. selling off
per cent on a vigorous bear raid. with q
recovery of Is per cent i'll final trans
actions. The market clUsed heavy.
In the railway ana miscellaneous
bond markets weak tone prevailed a.!
day, some few issues showing an i'm.
proyement toward the close.
The Total Sales of Stocks
today were 142,3OG shares, including
Atchison. 5000; American Sugar, 40.
600; Burlington & Quincy. 1900; Chi
cage Gas, 300; Distillers and Cattle
Feeders, 5, 200: General Electric, u, 500
Louisville d Nashville, 8. 1OG: New YorE
& New England, 1900; Western Union
6.S00; St. Paul, 1900.
The Post says: Considering the gen
eral feeling Of pessimism which pre-
vailed today in Wall street, the stock
market was curiously apathetic. Tina
professional SPECTATORS, after their latt
discouraging experiments. should be
unwilling 10 take the lead in active
operations is not remarkable. But fol
the frmness with which the investin!
public holds to Its securities. few salts
factory explanations are vouchsafed.
The news Of the day. such as the grea
Union Pacific's October decrease O
81, 006. 535 gross and 1855. l16 net, had M
! influence whatever.
. L.