St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-12-25
MARKETS OF A SATURDAY
FINANCIAL.
New York.

New York.
WALL STREET, Dec 23.-While New
England was the leading stock In to-
days speculation on the stock exchange
and took up one-third OF the dealings,
there was fairly active and we'll dis
GTiDuted business in the rest of the list.
Inc trading was mainly on the bear
side OF the market, but the shorts did a
little covering which checked the down.
ward tendency at FREQUENT intervals
and served to indicate that the short
interest was not prepared to leave out
very, long lines over the Christmas
holidays. The London stock exchange
being closed until next Wednesday kept
the arbitrage houses out of the market,
conhnlDg the speculation to purely local
lines. There were both selling and buy
Ing orders in NewEngland from Boston,
put the former largely outnumbered the
latter,and prominent broker, said to be
acting for persons usually we'll in
formed as to the company's affairs. was
large seller of New England, When
it became known that directors meet
Ing. yesterday had appointed Messrs.
Mcleod, Prince, Armstrong and Erwin
committee to raise the $780, 900 re-
CURED to meet the January interest,
thus confirming the general belief that
money had not yet been obtained, there
Yves rush to sell the stock, which be-
came more pronounced when it was
rumored that the opposition company
had obtained control of New England's
floating debt with the object of forcing
receivershlp. Under combined
short account, the shares broke
45s per cent amid considera-
bic excitement. The lower range
of values induced some buying which
resulted in recovery Of ~, followed
by reaction of II and final rally of
l per cent, the loss of the day being 2%
per cent. The only other stock the
sales of which reached 10000 shares
was Western Union, which. after ad-
vancing e at the opening, declined II,
closing at a recovery of Is. A drive
was made on Distilllng. which sent it
down 29s per cent, being based on
and means committee had not yet def
nitely decided to increase the spirits
tax. When the pressure to sell was re-
moved the shares quickly rallied, and
closed rs above the lowest point
touched.
Atchison was held pretty steadily
throughout the day, at one time being
Is per cent higher than the closing fig
ure of yesterday, then reacting Is, aud
then recovering to and closing at yes
terday's price. There was a general
rally in the final dealings. and the mar
ket closed firmer. but 402T lower on
the day, the latter New England. ~
Tobacco and Pittsburg, c., c., G. Il st.
Green Bay trust receipts, sper cent
Distilling, Cotton Oil, common and pre-
ferred, and Canada Southern, l per
cent. New Jersey Central shows an
advance of l per cent, and some few
other shares are small fraction higher.
The transactions of the week have
resulted in universal depression in
values. there being scarcely a stock
dealt in which has not declined from
the closing price of Saturday last. The
principal breaks are: Evansville &
Terre Haute. 16; New England, ~;
Pullman, s; Interior Conduit and In
sulation, ~; Cotton Oil preferred. 81;
Cotton Oil common. ~; Morris & Es-
sex and Pittsburg, c., c. & st. L.. So;
Western Union, 81 Alton & Terre
Haute, Delaware Il Hudson, Rubber,
Rio Grande Western and O., c., @. &
st. l.. preferred, 5; do common, 3; Dis
tilliDg and Linseed Oil. AZ; New York,
Chicago & st. Louis seconds preferred,
AZ; Susquehanna q Western preferred,
as; Manhattan, ~; Chicago Gas, 4ss;
Atchison, ~; Starch, AZ; Lake Erie
& Western preferred, Pittsburg &
Western preferred, 4; Tobacco, z;
Great Northern preferred, S%; Iowa
preferred, 2; Lake Shore, 81; Hooking
Valley, 311s; New Jersey Central, Can
ada Southern, Mobile & Ohio and
Sugar preferred, 8; do common, ~;
Lead common and preferred. 21s; New
York Central and Consolidated Gas
2sl; Lackawanna & Western and Rock
Island, rs; Missouri Pacific and Min
neapolis q st. Louis preferred, az;
Northern Pacific preferred. Oregon I'm
provement, Chesapeake & Ohio and
Colorado Fuel & Iron, "a and Union
& Northern preferred, Nashville. Chat
tanooga, Baltimore & Ohio, Chicago,
Burlington & Quincy, Illinois Central
and Green Bay and Winona, per cent.
The only shares which have advanced
on the week are Cordage preferred, ~,
andWells Fargo, per cent.
The bond market was weak today eX-
cept for the AtchiS0n issues, the fours
after receding e rose 294, the seconds
reacted ~ and advanced X, Oregon
Short Line SKIES declined ~ and re-
Albany consols declined 215. St.Louis,
Vandalia & Terre Haute seconds guar
anteed rose per cent. The principal
changes on the week are:
Declines-Duluth s. Manitoba firsts,
1915; st. Louis & San Francisco general
SKIES. so; Peoria, Decatur q Evans
Vile seconds, 619: Virginia Midland
stamped guaranteed, 5; Chicago & Erie
incomes, AZ; Oregon Navigation skies
and Oregon Short Line skies. 4; Read
Ing second preferred incomes, Toledo,
Peoria & Western frsts. Atchison, Col
orado & Pacific f1rsts and Atchison sec
onds, So, and Atchisoh tours, 2sl.
Vances-Minneapolis 8 st. Louis
seconds, 148l; Detroit Union Gas con-
sol tives, 91a; D., L. & w. sevens OF
1907, So; st. Paul firsts. l. & d. extern
sion, 3, and st. Paul q Northern Pacific
SKIES, ~.
The Total Sales of Stocks
today were $4,000 shares, including:
Atchison. 1900; American Sugar, $500:
Burlington & Quincy, 6.2O0; Chicago |
Gas, 9,700; Distilling and Cattle Feed
ing, $500; General Electric, 2,SO0; Louis
vile u Nashville. 2,100; Missouri Pa
cfic, 1900; New 7 ork q New England, |
$1,000; Rock Island, 4,6O0; st. Paul, |
9.100; Union Pacific, 2,10O; Western
Union, 10000.
Stocks-CIosfng.
Atchison .... 1888 Nor. Pac. pfd -. 10
Adams Express. $50 .. p, D. 4 Gulf. 4l2