St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-03-28
FINANCIAL.
New York.

NEW YORK. March 27.-It was very
dull day on the stock exchange, and the
trading was less important in character
than TOR some time past, the only feat
ureS OF moment being the foreign buy
ing, which was III contrast to the light
volume of the local purchases. St.Paul
was the favorite of the London buyers,
but Atchison, Louisville q Nashville.
Northern Pacific preferred and Kansas
IL Texas were also in request. The
market opened strong at an advance on
yesterdays closing prices of 1S00X, the
latter Northern Pacific preferred. which
was bought by the arbitrage houses.
The early dealings were somewhat
Irregular, the active list being
fairly steady, but some of the
specialties were erratic in their
movements. After midday the
market became more settled in its
movement, but as The afternoon drew to
a close heavy tone overspread the
dealings, and prices moved downward
the market closing heavy with prices OH
both sides CT the line as compared with
the final sales of yesterday. Flint d
Pere Marquette preferred sold at a.
against 80, the last preceding sale. Chi
cage Gas lostIs on the day on sales
mainly by the room traders. Distilling
was also weak. being sold because of a
belief in certain quarters that the agree
ment with the distributing company is
not favorable to the distilling company.
The bond market became Irregular in
the afternoon and closed unsettled.
The principal changes are: Advances
ST. Louis and San Francisco consol
Is, AZ; Illinois Central 315s. 2115; At
lantic and Pacific As, 25s; Wabash lists
and Chesapeake q Ohio 419s, each rs;
Fort Worth and Denver City 6S, Kan
sas Pacific cOnsols, Michigan Central As
and Northwest sinking fund is, each l
per cent.
Declines Ohio Southern firsts, Q;
Southern Pacific of Arizona firsts, IL;
Northwest 25-year debentures fives.
Duluth and Manitoba tirsts were rs Did,
against sale on Jan. 16 at 60; do Da-
kota extension firSts were 20 bid, against
the last registered sale at 80. The re-
organization committee of the Jarvis
Conklin company announced that rs per
cent of the debentures held in Amer
lea and large amounts i'll Europe
have assented to the plan, and
sufficient number of creditors and
shareholders have also given their as
sent to warrant call for the deposit of
securities. Holders of the debentures
and other obligations and stock of the
company are requested to deposit them
with the Manhattan Trust Company of
New York, or the Union Trust Com
pany of Philadelphia. The time for as
senting has been extended to April 20.
The new company to be organized in
addition to the general debentures pro-
vlded for in the plan will issue when
desired form of debentures bearing
per cent interest, but without any con-
tingent interests in the profits of the
ma IN,
years, to be secured by bonds and real
estate mortgages, to be deposited with
some independent trustee.
The Total Sales of Stocks
today were 129, 400 shares, including:
American Tobacco. $500; American
Sugar. 400; Chicago Gas. 6.70O; Bur-
Hngton, 5000; Disabling, 1890; Louis
vile & Nashville, 300; Missouri Pa.
cific, 5000: National Lead, 10000:
Reading. 1920; Rock Island, $500; St.
Paul. 1900.