St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-07-25
FINANCIAL.
New York.

NEW YORK. July 24.-There was a
marked decrease in the volume of bust
ness in stocks today, but the specula-
ton was tlrmer in tone, and there was a
partial recovery of the losses of yeSter-
day i'll most instances, while III some
stocks higher range of values WAS
established than prevailed before yes
terday's break. Sugar was notable
exception, and lost the greater portion
OF yesterdays advance The Atchison
affair still stirs the street, and the spec
ulatlve fraternity looked anxlously this
afternoon for Expert Little'S report,
which, it was expected, would be pre-
sehted to the meeting of the reorganiZa-
ton committee called for / O'clock.
When the meeting entered upon
It's session it was announced that
the report was not completed, that
Mr. Little had only just begun work
on the Eastern books, and that he will
not have finished his examination or
them before next week. The statement
that the investigation already has shown
an overstatemeut of receipts for the
past five years of more than $7.OO0,OOO
was verified, but no explanation of it Is
yet made, aud Mr.. Little declines to
make public in what way it was done,
whether by means of rebates or COM
missions, or both. The committee also
refuses to talk i'll advance of the pres
entation Of the complete report. Atch-
iSon stock has advanced "a per
cent from yesterdays closing, main
ly on purchases to cover short con-
tracts, while the bonds have recovered
I per cent in the face of some all for
elgn selling. Sugar was very strong in
tie early dealings and. large purchases
of the shares were made on the generl-
ly expressed opinion that Senator Cor
mans speech made it very nearly Ger
tain that sugar was sure of protection
in the tariff bill, or that the present
measure would fail. An advance of "a
was made. followed by Il reaction of x
and by brisk rise of 13S. Then came
Washington reports of a probable com.
promise OIL the sugar schedule, which
sent the shares down 275 per cent, the
last being the lowest price of the day,
and IL below yesterdays closing.
Chicago Gas was raided in the
opening trading Oh the passage of the
Universal company's franchise by the
Chicago common council over the
mayors veto. The resulting loss was
13S. Purchasers came in at the de-
cline, who bought on the theory that. the
franchise having been granted, there
would be no further disturbing ele-
ments in the situation. and on the the
DRY of the bulls in the stock, plant
would never be constructed to supply
90-cent gas, because there was no
money in 1t. The strong support Civ
en- to the shares caused all Improvement
of ~, of which % per cent was lost at
the close on sales taking profits. Dis
tllling f1uctuated within mar
gin of d per cent, touching
1874 in the early morning and
III in the afternoon, and closing with
in q of the top price and q above yes
terday. London bought ST. Paul mod
erately in the opening trading, causing
fractional advance, of which IA was
lost Ill the hnal sales. the advance on
the day being e per cent. Burlington
q Quincy gained a and Northwest "a,
while Rock Island lost 1s@%. The
general market was very Irregular on
light dealings, but closed fairly firm.
National Linseed shows an advance of
mond terminal preferred each l per
cent. Pullman has declined 136. The
other gains and losses are fractional.
NEW YORK, July "A. The Evening
Post says: Beyond a passing senti-
mental influence there is no reason to
believe that the renewed decline in
wheat has influenced security prices
The Accent break within a week has
found virtually no reflection in prices
even of the granger stocks. 1t has not
by any means appeared as yet that
either the volume of wheat transporta-
ton or the rate paid for the service has
been adversely influenced.
The bond market was firm to strong.
the leading changes being: Advances
Richmond & Danville coDsols 6s, ~:
do stamped IS. L; Georgia Central IS
and Atchison IS. ", do seconds, class
A, |; Kansas Pacific consols, II; &C,
G. IL st. Louis, st. Louis division Is,
Pittsburg q Western Iirsts, Rio Grande
Western firsts and Union Pacific sink
ing funds IS, per cent.
Declines-Kansas q Texas seconds.
~; Wabash seconds, "; st. Joe 6,
Grand Island frsts, N; Equitable Gas