St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-12-24
MARKETS OF A SATURDAY
FINANCIAL.
New York.

WALL STREET, Dec. 3.-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 well'diS-
tributed business in the rest of the list.
The trading was mainly on the bear
side of the market, but the shorts did
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,
combining the speculation to purely local
lines. There were both selling and buy
Ing orders in NewEngl land from Boston,
but the former largely outnumbered the
latter, and prominent broker, said to be
acting for persons usually well in
formed as to the company's affairs. was
a large seller of New England, When
it became known that directors meet
ing yesterday had appointed Messrs.
Mcleod, Prince, Armstrong and Erwin
quired to meet the January interest,
thus confirming the general belief that
money had not yet been obtained, there
Yves a 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
sales of long stock, and for the
short account, the shares broke
be be Excitement tent. The iD lower DH'i range
of values induced some buying which
resulted in recovery of ~, followed
| by reaction of II and final rally of
per cent, the loss of the day being 2I
| per cent. The only other stock the
| sales of which reached 10000 shares
was Western Union, which. after ad-
| vancing IS at the opening, declined II,
closing at recovery of Is. A drive
was made on Distilling, which sent it
down 25s per cent. being based on
advices from Washington that the ways
and means committee had not yet def
nitely decided to increase the spirits
moved the shares quickly rallied, and
closed ~ above the lowest point
touched.
Atchison was held pretty steadily
throughout the day, at one time being
& per cent higher than the closing fig
ure of yesterday, then reacting q, and
then recovering to and closing at yes
terday'S price. There was general
rally in the final dealings. and the mar
ket closed firmer. but I@219 lower on
the day, the latter New England. ~
l.. preferred, II; National Linseed and
Green Bay trust receipts, sper cent
Distilling, Cotton Oil, common and pre-.
ferred, and Canada Southern, 1 per
cent. New Jersey Central shows an
advance Of 1 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 stock
dealt in which has not declined from
the closing price of Saturday last. The
Terre Haute, 16; New England, liz;
Pullman, s.; Interior Conduit and In
sulatiou, "a; Cotton Oil preferred. 619;
Cotton Oil common. 2A; Morris & Es-
sex and Pittsburg, c., c. & st. L.. So;
Western Union, 81; Alton & Terre
Haute, Delaware IL Hudson. Rubber,
Rio Grande Western and c., c., G. &
st. L. preferred, 5; do common. 8; Dis
tilliDg and Linseed Oil, AZ; New York,
Chicago IL st. Louis seconds preferred,
AZ; Susquehanna q Western preferred,
AZ; Manhattan, AZ; Chicago Gas, 43s:
Atchison, AZ; Starch, ~; Lake Erie |
Western preferred, 4: Tobacco. Z;
Great Northern preferred, 80; Iowa |
Central preferred, 81; st. Paul, 333s; do |
preferred, 2; Lake Shore, 81; Hooking |
Valley, 36; New Jersey Central, Can |
ada Southern, Mobile d Ohio and |
Sugar preferred, 8; do common, ~;
Lead common and preferred, 2T: New ]
York Central and Consolidated Gas |
~; Lackawanna q Western and Rock |
Island. 25S; Missouri Pacific and Min
neapolis q st. Louis preferred, 21a; |
provemeut, Chesapeake & Ohio and |
Colorado Fuel & Iron, 2I, and Union
Pacific, Oregon Navigation, New York |
IL Northern preferred, Nashville. Chat
tanooga, Baltimore q Ohio. Chicago,
Burlington 81 Quincy, Illinois Central |
and Green Bay and Winona. 2 per cent. |
The only shares which have advanced |
on the week are Cordage preferred, IL, |
and Wells Fargo, per cent.
The bond market was weak today eX-
cept for the Atchison issues, the fours
after rSeceding e rose 20, the seconds
reacted IA and advanced ~, Oregon |
Short Line SKIES declined "A and re-
covered 3 per cent. Louisville, New |
Albany consols declined 21S. St.Louis, |
Vandalia u Terre Haute seconds guar
anteed rose 2 per cent. The principal |
changes on the week are:
Declines-Dulnth g. Manitoba firsts, |
1871; st. Louis & San Francisco general |
SKIES. 81: Peoria, Decatur & Evans
Vile seconds. 6H: Virginia Midland !
stamped guaranteed, 8; Chicago d Erie |
incomes, Al Oregon Navigation skies |
and Oregon Short Line skies. 4 Read |
ing second preferred incomes, Toledo, |
Peoria q Western frsts. Atchison. Col |
orado q Pacific firsts and Atchison sec |
onds, 81, and Atchison tours, 2sl.
vances-Minneapolis 81 st. Louis |
seconds, 14sl; Detroit Union Gas con-
sol fives, 81; D., l.. & w. sevens of |
1907, 81; st. Paul firsts. |. & d. extern
sion, 8. and st. Paul 81 Northern Pacific |
SKIES, AZ.
The Total Sales OF Stocks
today were 10000 shares, including:
Atchison, 1900; American Sugar, $500;