St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-10-27
FINANCIAL
New York.

NEW YORK, Oct. 26.-The Washing
ton advices were not entirely favorable
this morning to an immediate vote on
the silver bill; nor was the London
market for American securities en-
couraging. and yet the early dealings
ON the stock exchange were in the main
characterized by strength. There were
occasional reactions, but up to noon the
general tendency of prices was up
ward. Shortly after this hour, however,
the temper of the speculation began to
experience change, and there were
evidences that realizing movement
was in progress. The commission
houses, which yesterday had practically
all buying orders, were on both sides of
the market, and selling orders were
perhaps most numerous. A good deal
of outside buying has been done
during the past two days, and as
many of the purchasers appear to be
satisfied with the profits already shown,
realizing sales became quite heavy dur
ing the afternoon. The volume of this
business was larger than it would other
wise have been by reason of the reports
that Senators Allen and PETER had con-
Guided to continue the fight in the SEN
ate en- the old tactics. 1t was this uneX-
pected element of danger interjected
into the silver question that swelled the
selling movement of the afternoon, and
unsettled the speculation. In many in
stances the entire early Improvement
was lost, and the figures reached the
level below yesterdays closing prices,
put the greater portion of the list re-
tanned part of the mornings advance.
At the close the market was fairly
steady at fractional recovery from the
lowest point, but at decline of Il to 2
per cent from the best figures of the
day.
The principal changes compared with
the final sales of yesterday are: De-
clines-Lake Shore, ~; Delaware &
Hudson and Erie preferred, "; Sugar
and Northern Pacific preferred, II:
Union Pacific, Louisville q Nashville
and Susquehanna & Western preferred,
1; Reading, Wheeling & Lake Erie pre-
ferred, and Chicago, Burlington &
Quincy, e per cent.
Advances, Michigan Central, 81; Chi
cago Gas, 25S; New York & New Eng
land, ~; st. Paul preferred and Pitts
burg 81 Western preferred, g; Colorado
Fuel and Iron, New York. Chicago &
st. Louis and Flint & Pierre Marquette.
~; Illinois Central, 13S; Norfolk &
Western preferred. American Tobacco
and Iowa Central, ~; Lead preferred,
II, and New Jersey Central and Ore
gon Improvement, per cent. Of the
industrials Rubber and Cordage were
notably strong on the announcement
that the usual semi-annual dividend
would be declared in November; the
common moved up 81 and the pre-
ferred s per cent. COrdage was favor
ably affected by report that by
decision of the probate court
at Cincinnati the assets of the
Victoria Cordage company were to be
turned over to the National Cordage
company, thus helping to settle the
financial troubles of the National Cord
age company. The preferred recorded
an advance of IA and the common of 25S
per cent. General Electric advanced on
the early dealings 25l per cent on the
statement that the subscriptions to the
new rights exceeded anticipations, sub
sequently the stock reacted with
the general list to 491l, clos
Ing at recovery of q per
cent. The railway and miscellaneous
bond market was generally strong, and
the days transactions resulted in the
establishment of a higher range of
prices IN most cases, New York, Lacka-
wanna 81 Western 5S advancing 6;
Oregon Short Line IS 5. and Oregon
Short Line Is so; Louisville, st. Louis
and Texas lists 4; Susquehanna & West
ern general IS 81; Wabash, Detroit &
Chicago extension lists 3; Chicago & Erie
incomes ~, Mobile & Ohio IS and
Nashville q Chattanooga lists 2.
The Total Sales OF Stocks