St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-09-01
FINANCIAL
New York.

NEW YORK, Aug. 81. Speculation at
the stock exchange was less active to-
day,and the market lacked the strength
which was such prominent character
istic of yesterdays operations. This
was mainly due to the absence Of out
side buying orders, which were so plen-
tiful yesterday. The first sensation of
the day was the sudden break in Dis
tiiling & Cattle Feeding, under per-
feet avalanche of stock. The price
! broke SIS, to 1875. Various theories
were advanced to account for the drop
1t was reported from Chicago that the
company was in financial difficulties
once more, and that special meeting of
the directors had been called for Mon
day next to devise means to secure
funds. These rumors were subse-
quently denied, but the break hurt the
whole market for time. The pressure
to sell was by no means heavy outside
of Whisky. Toward 1 o'clock the act
i've issues were in better demand, and a
general recovery followed, with Ameri-
can Sugar in the lead.
The market the mortified into dizziness,
in the last hour, however, there was an
increase in the volume of business, and
prices dropped all along the line. The
decline ranged from d to AS per cent.
General Electric fell g to 36; Sugar,
| 33s to Sl15; Western Union, II to 7Ss4;
| Louisville d. Nashville, Il to $3.50, and
I theother leading stocks Is to / per cent.
| The market was affected by reports
from Washington that the silver men
| had gained a victory in the house
| through the amendment of the rules
permitting sthe committee on weights
| and coinage to introduce measures
| atss will. Louisville & Nashville
| was weak on talk about the strike
| while Union Pacific was strengthened
! by the formation OF syndicate to eX-
tend the company's sinking fund bonds,
| maturing tomorrow. Near the close
| there was a rally of 15@14, and the
! market left off steady. Sales of stocks
| were 249,576 shares, of which Il, 200 were
| Whisky 54s s-o,.s ,,..s--.s .-. i..sss $50.
The railway and miscellaneous bond
| market was active and higher. There
| was q brisk demand for all classes of
bombs, and some important gains were
| noted. The Union Pacific issues were
| higher on the extension of the sinking
| funds due Sept. 10. The sales were
S1.52S, coo.
Onion Pacific sinking funds rose SO
4 to So; Denver Il Gulf lists, SO to Az;
Chesapeake d Ohio AIS, 2 to 701i:
Richmond d Allegheny consol DDS, z 10
rs; Chicago Gas firsts. to 80; Burling-
ton q Quincy convertible, 80 to 100; do
Nebraska As. 215 to 81: Cincinnati. Day.
ton q Ironton IS, 24 to SO; Cleveland,
Cincinnati, Chicago & indianapolis to
50; Hooking Valley IS. 2 to So; Della
ware, Lackawanna & Western. 2
to %; Fort Worth & Denver City
firsts. to IA. Louisville, New Albany
& Chicago consols, 81 to 94I; Northern
Pacific DDS, 2 to 80; Northwest Cur
rency rs, 2 to 1872; Orange Short Line IS.
2 10 S411a: Peoria q Eastern frsts, 212 to
COZ; do incomes, 215 to IS; Rio Grande
Western firsts, 2 to 60; Rome, Water
town 81 Ogdensburg consols, "a to
1879; st. Paul. Dakota 4 Great South
ern IS, IL to 1919; Tennessee Coal,
Birmingham division firsts. to IA. st.
Louis As fell 4 to SO; Kansas Pacific 6s.
of 1895. 2 to 101; Reading firsts, 2 to 80;
Reading 3ds, convertible. brought 10.
against l115 the last sale.
The Total Sales or Stocks
today were 249, 600 shares, including: