St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-10-04
FIN ANCIAL.
New York.

NEW YORK, Oct. S.-Again today was
Sugar the leading feature of the stock
exchange speculation, the sales Of the
stock reaching the heavy total Of 139, 000l
shares, which exceeds the combined
transactions in all the other stocks dealt
in by several thousands. After an opens
ing break of g per cent Sugar came into
good buying demand for the short in
terest and rose 2a5. Free supply Of
stock offering suddenly checked the
upward mOvemnt, and bear demon
stration was made which sent the price
back to 1874. The depression was but
:! temporary, and report that an inside
interest had decided to support the stock,
until some of the present short interest
had been shaken out seemed to be vePi-
fed in the strong buying which took 1
place. sending the stock up to S69s 4
| The high figures induced another drive,I
which resulted in loss of ~ per cent,
| the shares touching S319, and at the
i close rallying to $50, being gain of
| % on the day; Sugar Preferred adj
yanced per cent; there was no
development to account for the heavy
| trading in the shares, and the street was
| without news affecting the trust, so
| that it is not unlikely that insiders are
| engaged in game OF manipulation,
| which may be understood after it is
| played TO finish. Purchases to cover
short contracts in Chicago Gas sent
that stock up e in the early trading,
/ but some large orders to sell at the
market price brought about a reaction,
which was helped along by the bear
effected before IL O'Clock. At this
point fresh covering caused rally of
TX per cent, of which g had been lost
at the close, the net decline being "a.
| The rest of the industrial group was
comparatively neglected and moved
within narrow limits. Rubbers on
sale of 100 shares declined ~. Lead is
down andC ordage "a, while Distilling
is &c higher The railway list was
depressed at the opening by the selling
movement in American securities
on tile London stock exchange, due to
| the reports of strained relations between
England and France over the Madagas-
car question. 1t did not take long,
however, to discover that there was
nothing in this scare, and the market
took OH firmer tone, the early de-
clines being recovered, and in most
cases a higher range of values being
established. When the break came
in Sugar, the general list reacted in
sympathy, but quickly rallied. During
the afternoon the trading was light aud
| tHO tuoNcuicHt NIX uiaii tnc tolIucuCy
being rather downward than upward.
In the late dealings a slightly better
| tone prevailed, and the market closed
barely steady. Declines have been made
of per cent in Delaware & Hudson,
| Pittsburg, G., G. & st. Louis and Amer
lean cable; ~ in Erie preferred and
Manhattan, ~ in Baltimore Il Ohio
and per cent in Louisville & New
Albany preferred. In the grangers. St.
Paul and Northwest are unchanged,
Rock Island Is down d and Burlington
& Quincy is a higher. Some few shares
have made gains of fraction. and Lake
risen per cent. The bond market was
active but generally heavy, and closed
weak. The sales aggregated 1.227,0 900.
East Tennessee consol gold IS, being
most prominent in the dealings.
The changes on the day are
mainly fractional, and. as rule,
are in the direction of lower
prices. st. Paul seconds Is declined
80; Duluth, South Shore Il Atlantic
IS. "a; Oregon Navigation trust re-
ceipts. ~; New York Central de-
benture IS, ia; Louisville & Nashville
unified Is, rs; st. Louis IL San Fran
cisco general 5S and Oregon Shore line
Is l, and do conSol 5S, per cent. J &
Advances-St. Paul. Chicago & Mis-.
souri, River SIS, East Tennessee consol
gold IS, Union Pacific sinking fund IS
and Richmond d Danville stamped IS,
per cent.
Total Sales of stocks
today were $50 shares, including
American Sugar, 1875, 400; Chicago Gas,
300; General Electric, $500; Louis.
vile 4 Nashville, 12,G00; National Lead,
2.700; Northern Pacific preferred. 2.6J0;
Rock Island. $500; st. Paul, 1920;
Western Uhivn, 2,4OO.