St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-05-16
FINANCIAL.
New York.

New YORK, May l5.-After an ex-
trernely dull opening, eniivened only by
decline of point or SO in Sugar, the
share list developed weakness, and
prices declined in the entire list. The
knowledge that George Gould is about
to leave for Europe was utilized by The
bears to make sharp raid on Missouri
Pacific. and the stock broke from 295S
to 265S on sales of only ii ,602 shares.
The break in this stock, however. was
sufficient to start selling in other parts
OF The list, and decline of ]a@lH per
cent ensued. Sugar fell Off ~ to 1Os5s;
Atchison, lss to 1919; Northwestern.
4 to los; Burlington, l to 1875;
Rock island. l to 6S5s; Union
Pacific. q to 1873; Lead. q to
3Sss and st. Paul Is to COZ. Atchison
was unfavorably Influenced by reports
that stockholders will be assessed $40
per share under the organization in
stead of $40. as at first proposed. The
engagement of !500.000 gold by l.. Won
Hoffman IL Go. for shipment to Europe.
and the talk of heavy exports by Satur-
days steamers, led to free selling by
the room traders The late troubles at
the West also had depressing effect,
although. according to the statements
by officials of leading iines.the troubles
will be speedily adjusted. The market
closed quiet at a fractional recovery.
The notable declines on the day are:
Missouri Pacific and Quicksilver pre-.
ferred, each ~; Nickel Plate preferred,
2; Nickel Plate seconds preftrred.s L;
Mobile & Ohio. ~: AtchisOn,r and
Mexican Central. each ~; Wheeling
& Lake Erie preferred and Sugar, each
N: do preferred, l; New York Gen.
trail, 1H, and Omaha and Pacific Mail,
each per cent.
In the railway and miscellaneous
bond market the declines were: Flint
q Pere Marquette Is, and Erie second
cons"l trust receipts. each 2; Peoria IL
Eastern Tacoma and Seattle. Lake
Shore Il Eastern frsts trust receipts,
each. ~; Lake Shore coupon firSts, and
Oregon Navigation iirsts. each l35; Du-
'luth, South Shore q Atlantic fives,
Honston & Texas Central general tours.
aud Peoples Gas Chicago first consoi
SKIES. each. ~; Northern Pacific cou-
pon tirsts, do registered and Oregon Im-
provrment firsts, each n; ST. Paul
consOls. do NJ. and NJ, Montana Central,
st. Louis Western seconds. Peoria Il
Pekin, Union flrsis, Oregon Shurtline
collateral trust lives and Atchisun sec
Onds, each per cent.
Observation-Disclosures, Burlington &
Quincy, Iowa division fuurs and Cen
eral Electric debenture lives, each per
cent. Erie funded fivrs coupon sold at
70 against rs on March 81. G. G. G. Il
indianapolis consOlS sold at 122 against
126 on Dec. +.
The Evening Post says: The sharp
decline III wheat and the uncertain re-
ports of rate.cutting were the really
significant factors III t0day'S, financial
news. Until the day was pretty we'll
advanced neither of these influences
affected market prices. Towards the
close of business, hnwever, the market
yielded under moderate bear pressure,
and the close, Though dull. was weak.
The days declines were pretty evenly
distributed. AtchlSOh and Missouri Pa
cihc suffering the most decided losses,
the former IN the nUt-at-ali-prObable
report that the expected reorganization
plan will carry for heavy sharehoid-
ers' assessment. To news of this kind,
pleasant or not, holders of stock of
bankrupt roads may as we'll compose
their minds.
The 4 Otai Sales OF Stocks
today were 1.S,2C4 shares, including:
Atchisoa. 9,4OU; American Sugar, 26,-
400; Burlington. 5000: Chicago Gas,
$500: Dstilling. $500; General Electric,
1000; Long Island Trans. company,
5, 100; Missouri Pacific. 1l.7OO; National
Lead. 8. 100; New York q New England.
5000; Rock Island. 3. 100; st. Paul, 10, 500;
Western Union, 4,2UJ.