St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-08-13
FINANCIAL
New York.

NEW YORK, Aug. 1.-THE trading in
the share market today has been very
lighl and the speculation without I'M
Dortant features. The unfavorable crop
report caused a general depression at
the opening, which was not confined to
the railroad list, but was communicated
to the industrials, though in less de-
gree. The arbitrage brokers were SELL
ers of small lots of l.. Il N. Union
Pacific, Northern Pacific preferred and
st. Paul, and the London cables showed
American securities 10 be weak in that
market. There was, however, no
great pressure to sell, and on small
covering movement the market became
somewhat firm before the end of the
first hour. After II O'Clock the specu-
lation became intensely dull, especially
for the usually active stocks, excepting
Sugar, which, with few.of the special
ties, monopoliZed what little business
was done. Toward the close the market
became settled III tone, some shares re-
cording advances, and the market closed
fairly steady, with prices generally *
@115 per cent below the final quotations
OF yesterday, the latter Pullman on
sales of 700 shares. Some few stocks
recorded advances. including Chicago
Gas and DiStilling. each 4. Sugar rose
81 at the opening, then receded a, raj
lied %. reactlng 4 in the final dealings
and closing unchanged from yesterday.
There were free offerings of Sugar in
the loan market at IA per cent.
Atchison, General Electric and Louis
vile u Nashville closed at yesterdays
last sales. The week has been full of
interest to the speculative fraternity.
the Atkinson incident being a rather
exciting feature and keeping the street
Oh the Qui vlve up to the very close,
when it was brought to termination
by the acceptance of President Rein
harris resignation from the directory
and as receiver of the company. While
Reinhart has some supporters, the
general opinion is that his reply to
Expert Little's charges that he over
stated the income of the road for the
80, 1894, does not meet the issue
squarely, and the representatives
OF the London and Amster-
dam security holders state that
they do not regard his letter to the re-
organization committee as an answer to
the Little report. 1t has been decided
to take no further steps toward perfect
ing reorganization until after Little's
examination Of the Atchison's books, |
which is still in progress. is completed. !
Conjecture is now busy with the ques-
tlOn vi RelHldlI SSucceSSoI DIS pEeSluenI
and receiver. The names OF Il. S. |
Hayes, chairman of the general reor-
ganiZation committee; First Vice PreSi- |
dent ID. Is. Robtuson,.o f the AtchiSon;
President A. A. Robinson, of the Mex |
Ic&u Central, and President S. NJ. Eel. |
ton, of the Queen u Crescent system.
are mentioned in this connection.
In the general stock market prices
have appreciated on the week as a rule,
Lead preferred showing an advance of !
~; do common, SO; B. q o., 4: Man |
haitian and Western Union, each s; ID.
d r. &. preferred. 90; Illinois Central,
25s; Louisville 81 Nashville, az; Ore
gor Nav. and Cotton Oil common and |
preferred, "a; n. Y. G. and Erie pre-
ferred, Il; New England, 2s; and N.