St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-07-03
FINANCIAL.
New York.

NEW YORK. July 2.-The proportions
which the strike has assumed affected
the stock market today very unfavor-
ably. and as result majority OF the
shares traded in show decline in the
days transactions. The speculation
was heaviest i'll the opening dealings.
when Pullman was sold down 80 per
cent Sugar, "a; Distilling, ~; the
Changers, g, and the general list B0%,
the latter Missouri Pacific. Prices. cOu-
tinued to decline during the first half
hour of the day, Pullman losing An adj
ditional y per cent, bringing il down 10
l5515 as against 15915 at the close on
Saturday. Toledo Il Ohio Central lost
"a per cent. These declines were
effected without the putting out of a
great deal of stock, and when the mar
ket was relieved of the pressure of
offerings rally took place which
did not extend beyond a fraction, and
which was only temporary III Its charac-
ter. another reaction setting in before II
O'Clock under bear raid in which the
industrials were the chief sufferers. The
depression continued until about noon,
when a steadier tone prevailed, except
for Chicago Gas, which was attacked by
the bears and forced down to Tx. a de-
cline of Is from Saturday. The break
was mainly due to reports that the de-
cree asked for by the attorney general
OF Illinois i'll the litigation against the
company would be modified so as to he
less advantageous to the company. The
general market was not affected by the
weakness of Gas, and, the stock scare
having worn OFF somewhat, buy
erS came into the market at the low
er range of prices, which purchases
caused an appreciation of values which
was most marked IN those shares
weaker early III the trading. Pullman
rallied 212 per cent. Sugar "a, Chicago
Gas Is, and the general list %@X.
Shortly before o'clock Manhattan de-
clined rs, and there was a fractional
reaction III the rest of the market, but
sharp rally took place and most uf the
dealings were decidedly strong in tone,
the speculations showing a decided up
ward tendency at the close. The
greater portion of the early losses had
been recovered, and the only stocks
which show decline of more than a
fraction in the days transactions are
Pullman and Ohio Central ~, G., c., G.
u ST. Louis rs, and American Tobacco
per cent. Some few shares closed
higher than Saturday, notably Balti-
more II Ohio and Lead. Long Island
Traction also rose per cent.
The bond market was firm in the
morning, but became easier during the
afternoon aud closed slightly heavy, the
leading changes being:
Observation-Disclosures 25-year deben-
lures 5s, ia; do coupon gold rs, Louis
vile q Nashville collateral trust 5s.
Pittsburg u Western tirsts, Richmond d
Danyille Us and Wabash seconds, l%;
Erie seconds, Consol trust receipts IL.
and Oregon National frsts, l per cent.
Advances-St. Louis IL San Francisco
trust 5s, 5; Milwaukee, Lake Shore &
Western, Michigan division firsts. 2:
Peoria, Decatur & Evansville seconds.
l per cent.
NEW YORK. July 2.-The Evening
Posts London cablegram says: Bust
ness was barely resumed today after the
holiday. Americans were heavy OH ac-
count of the strikes. II the passage of
the tariff bill were not Imminent. a
bear raid might be predicted. AS it is,
the great uncertainty of the outlook
merely produces a deadlock.
The Bank of England is about to issue
92. OO0,O 700 of fresh capital guaran-
Ieed by the New Zealand government.
1t is believed the issue is absolutely
necessary. 1t creates bad impression
here.
The Total Sales of Stockx
today were 1OS,4 SO shares. including:
American Sugar. $4,000; Burlington, H.
400; Chicago Gas, 1880; Distilling,
$500; Missouri Pacific, 5000; Rock
island, 300; st. Paul. 11,0O0.