St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-10-17
FIN ANCiAL.
New York.

New YORK, Oct. ia rumor, pur-
porting to have emanated from London,
to the effect that the AtchiSon, Topeka
Il Santa Fe company had met with
failure in the negotiations looking to
the extension of the guaranteed fund
notes. broke the stock of that corpora
ton Is per cent at the opening, and.
being followed by hints of probable
receiverShip, caused further reaction
of g per cent, some very large blocks
of the stock being thrown on the mar
ket. A denial of both stories and
statement of the financial condition
of the company by President Reinhart
stemmed the tide of offerings and in
duced some buying back of the shares
parted with, the final sales being at
recovery of q per cent. The general
market at the opening was irregular.
but i'll the main lower. Denver & Rio
Grande preferred showing decline of
~ per cent and reacting = per cent ad-
ditlOnal, closing at a recovery of % per
cent. With the exception of the two
stocks named the market quickly recov-
cred from the depression. and on active
purchases prices rose 4@2 per cent,
w Hlohy lodNluS vi IcpOllS VI Selll6-
ment between the distilling and diStrib-
uting companies by which the first
named is 10 obtain control of the dis
tributing company.
Before noon realization sales and a
small bear raid weakened the entire list
aud many shares lost the greater part of
the improvement. During the after
noon the market lapsed into dizziness
and the dealings grew irregular, very
little being done outside of Chicago,
Burlington q Quincy, Atchison and St.
Paul. The close was fairly firm, prices
being pretty evenly divided on each side
of the market. Compared with the final
sales of Saturday the principal changes
burg, 2; Whisky, ~; Cotton Oil, ~
, Reading, 135; Chicago Gas, ~: Ten
nessee Coal and lron,T and Network &
! New England, st. Paul q Omaha, Gen
eral Electric. Delaware, Lackawana &
| Western, Chicago, Burlington q Quincy,
| Canada Southern and &. c.. G. & ST.
L., ID per cent.
! Declines-Denver & Rio Grande pre-
ferred and Hooking Valley, ~; Green
Bay second subscription paid trust re-
! ceiptS q; Sugar preferred, Louisville
New Albany trust receipts and Laclede
| Gas. II, and Nashville, Chattanooga,
O's S't ~ ~ Nv LOuAo plClOlI leu dliu wi
orado Fuel and Iron, per cent. Sugar
was pretty strongly held all day, fiuc-
| tuating within margin of per cent on
| the day. The strength of Reading was
! due to reports that the receivers had
| about come to an Arrangement with
Speyer Il Co., by which the Reading
| collateral should not be sold at auc-
ton. the plan being, as stated,
to pay a certain sum on account
and give additional collateral. The
buying in Chicago Gas was said to be by
pool formed among the directors of the
company. Missouri Pacific was solo
quite freely in the morning on renewed
rumorS of Ieceivership. but rallied
upon authoritative denial thereof, and
actually gained e per cent at the close
on buying supposed to be for the ac-
count of insiders. London was in the
market as seller of Atchlson in the
early dealings, and later took a turn on
the other side of the account.
The railway and miscellaneous bond
market was in the main weak, and de-
clInes were recorded of per cent in
Galveston, Harrisburg & San Antonio
1st. IS; 80 IN Wabash debentures,
series s; 35s in Atchison 21s, Class A;
q in DO Is; ~ in Union Pacific uni
fed gold IS; rs in do lists of 1897; IL
in do lists of '96; 2 in Colorado Midland
As, Ohio Southern As, Oregon Short
Line 6s. do 5s and Pittsburg & Western
As; ~ in Erie DDS; II in Rock Island
debetureS and Hooking Valley IS, and l
per cent in Chicago & Eastern illinois
IS, Laclede Gas IS, Louisville, New AL
bany consolS and Wabash DDS. Kansas
Pacific consols sold at 65 against IS on
Oct. 3. Reading I'd preferred incomes
advanced 2: do lists, 1, and Hannibal &
st. Joe consols, per cenl.
Total Sales of Stocks
today were 1853. 400 shares, including: