St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-12-27
FINANCIAL.
New York.

NEW YORK, Dec. 26.-The placing in
the hands of receivers late on Saturday
of the Atchison, Topeka & Santa Fe
railroad was one of the several factors
which depressed the speculation on the
stock exchange today, more particularly
the dealings in the Atchison securities.
Another depressing influence was the
uncertainty of the situation in regard to
New England. The payment of the
January disbursement is yet in doubt
and there were uncomfortable rumors
that the control of the road will in the
near future, if it has not already, be
taken out of the hands of the present
management. There were free selling
movements in both stocks. New
England, after an early decline
of ", advanced TX, only, however,
to again give way and quickly seek
lower level, reacting2 per cen with
subsequent recovery of 81 and a reac-
ton of q. The closing price being IL
below Saturdays. Atchison, after
drop of ~ at the opening. rose l per
cent on purchases of 6,600 shares. Then
the selling began anew and the improve
ment was entirely lost. During the
rest of the day the stock was firmly
held, fluctuating between Is and 1874,
and closing at 1875, which is only "a
below the closing price OF Saturday.
The general trend of sentiment seems
to be that the receivership will not be
of very long duration, and that the in
tereSt of the stockholders will be care
fully looked after. The London stock
exchange being closed today possibly
prevented heavier selling, as London is
large holder Of Atchison'S securities,
particularly of the bonds, which
were very weak in this market,
the As declining AZ per cent and rally
ing per cent, the ends selling down
81 and recovering Is per cent. The an
nouncement that the st. Paul earnings
for the third week in December showed
a decrease OF over $4,000 served to
depreciate the value of the shares, large
blocks of which changed hands.
The opening was p per cent lower,
aud an advance OF % was made, after
which the selling movement was begun,
which resulted in decline of 135 per
cent, followed by rally of p and re-
duction of 4, the last sale being per
cent below Saturdays final prices. Dis
tilling was heavy, and many holders
parted with their shares when it be-
came known that the company had is
sued a confidential circular to its
customers saying that it was not
likely an increase in wholesale prices
of whisky would be made. The stock
broke p at the opening, rallying 81,
and then. in the late transactions, was
forced down 27s, recovering "a in the
final sales, the decline on the day being
per cent. The other granger shares
were also heavy, the declines from Sat
urday being ~ in Northwest, 136 in
Rock Island, "a in Chicago, Burlington
u Quincy and IS i'll ST. Paul d Omaha.
Sugar opened Il down, rose % and
receded Is. Then came reports that a
modification of the tariff bill was in
progress which would assist the sugar
refnerS, and good buyers came in to
the market, whose purchases sent
Sugar shares up 3 per cent. Realization
of profits and some short sales caused
reaction of rs during the afternoon,
with final rally of %, the gain
of the day being 1& per cent. The
only other shares which at the close
showed all advance were: American
Tobacco, 81; Sugar preferred, l, and
Delaware, lackawanna d Western and
Manhattan, 3 per cent. The decline,
compared with Saturdays closing,
ranges from Is to per cent, Distilling
| leading the downward movement; Rub
Der, 23l; Minneapolis & ST.. Louis pre-
| ferred, and Great Northern preferred,
| ~; Illinois Central, 2; Pittsburg, Chi
| cago Il st. Louis, 2; Pittsburg, Chicago
81 st. Louis preferred, ~; Louisville
u New Albany preferred, "; Reading,
| New York, Chicago & st. Louis, Pull
| man and Cordage preferred, Is; Chicago
Gas, Lead preferred, Consolidated Gas.
Lake Erie q Western preferred, Mobile
d Ohio, Oregon improvement and Wis
| consin Central, per cent. The market
closed weak. The railway and miscel-
| laneous bond market was weak all day.
The Total Sales of Stocks
today were 246.400 shares, including:
Atchison, 1920; American Sugar, 49,
800; Burlington & Quincy, ZOO; Chi
cage Gas, 7,l00; Distillers and Cattle
Feeding, 10.70O; General Electric, $500;
Louisville IL Nashville, 5000; New York
81 New England, 1880; Northwest,
$500; Reading, 10000; Rock Island,
10000; st. Paul, 3O,S0O: Union Pacific,
1000; Western Union, 16, 100.
Bonds.
New YORK, Dec. &c. Government