St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-07-28
FISANCE2l
New York.

NEW York. july 27.-The chief event
i'll speculative circles Today was the
passing Of the dIvidead on Wheeling 81
Lake Erie preferred. The shares,
which had been very heavy during the
week, fell ia 10 321a on the announce
ment, but only 500 shares we're brought
out At the lower RANGE Of figures the
stock was we'll supported and advanced
steadily during the rest of the day,
closing at 30, recovery of %. Another
event OF the day was the arrest Of the
publisher of small financial news
paper. charged with criminal libel in
having published an article stating that
a reeeivership for the American DiSliii-
ing company was probable. President
Greenhut, OF the company. who SauSed
the arrest, denies that there is any
foundation for the report, saying
that the company has no debts
and has fulfilled all its re-
bate agreements. The report had no
Influence on the speculation in the
stock. which rose q IN the early deal
ings, subsequently, along with the rest
OF the market, receding l per cent. Dur
ing the afternoon the dealings in the
shares were very light, but the tendency
was upward, and the last sale was at
recovery of y and Is above the closing
price OF yesterday. The morning ad-
vices from Washington being construed
fayOrably to compromise on the sugar
schedule, the stock OF the Sugar com
pany was sold down Is, but on fairly
good buying, considerable OF which was
sad 10 be on ashingtou orders, quick
rally was effected, and the shares
moved up steadily until a gain of
| rs had been made to 103aS.
In the later dealings a reaction of Ii
/ al nd IN,-
which at the close reached 5S, making
gain of q on the day. Reports of
damage to the grain crop and conse.
| Quent rumors that the dividends for the
| current quarter would be scaled, if dee
! ciared at all, caused a raid on st. Paul,
| Burlington IL Quincy and Rock Island,
| which, however, resulted only in frac-
tional losses, except for Burlington, on
which the pressure to sell was most
| pronounced. This stock receded "a in
the cary dealings, advanced 4, and then
| fell off ~ to 1915, closing at the
| bottom figures; 1000 shares seller
| %, against T44@74 regular, which
meant that the sellers counted on the
passing of the dividend. Chicago Gas
was practically neglected, tluctuating
between AZ and 1873 and closing at the
latter figure, Is above yesterday. Al
the close the market was steady, and
prices were about evenly divided be.
tween declines and advances. Iowa
Central shows less Of u, Lead pre-
ferred u and Consolidated Gas 3, while
Minneapolis & st. Louis advanced 2L
Tobacco preferred 2, and Pullman
coach l.
The bond market was Irregular dur
ink during the early part OF the day
but closed frmer. The leading change,
are: Observation-Disclosures d Ouincy
debenture IS, ~; Cedar Falls 4 Min
nesOta lists. 2; ST. Joe & Grand Island
lists. ~; Denver & Rio Graude Is, TX
and Omaha & St. Louis lists. per cent
Declines-Union Pacific, Denver &
Gulf lists, 21S; Little Rock & Memphis
lists, 2; Austin s. Northwestern lists
~. and Mobile & Ohio new 6s, l pei
cent. Louisville IL Nashville, Southern
i Northern Alabama gid. SIS sold a
So against GO Oh June 26.
The Toiai Sales or stocks
today were 77.sS1 shares, including
American Sugar. 90, 500; BurIingto,
* Quincy. 300; Chicago Gas, 8. 100: Dis
tiliers end Feeding. 9,4UO; St. Paul
$500.