St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-04-19
ltk Il nm a ttan building,
FINANCIAL.
New York.

NEW YORK, April 1S.-The share
speculation today was unsettled i'll char
acter. During the morning the market
was strong III tone, particularly for the
indus,riaIs, in witch the chief activity
was displayed, the railroad list being
rather neglected In the early dealings.
Distilling was strong on an Anticipated
favorable annual statement at today's
stockholders meeting. General Elec.
trio had been advanced 1B by the bull
pool formed some time ago, but began
to show Signs of weakness about the
middle of the afternoon and was singled
out for attack by the bears. The selling
movement in these shares was quickly
communicated to the general market.
and with the exception of some inconse-
Quential rallies the tendency during the
rest Of the day was downward. The
lowest figures were touched just before
the clese. at which time the decline from
the latter General Electric, while Chi
cage Gas had recede J. q. American
Tobacco. tx: Rubber, Q; do preferred,
215. and Rock Island, ~. In the final
sales some few stocks recovered a small
fraction, but the tone of speculation at
the close was decidedly heavy. Com
pared with Yesterdays final sales, the
last prices made for the active
list show but tritling changes,
and in the case of Sugar. Chicago
Gas. st. Paul, Northwest, Louisville
& Nashville. Western Union and New
England. are exactly this same. Rock
Island was weak, and the rest of the
grangers having been subjected to con-
siderable hammerlng by the bears Oh
rumored decrease in earnings, the net
loss, however is only u.
Burlington & Quincy gains e. Fears
of trunk line wal reflected in SELL
ing movement in New York Central,
which declined l per cent. A number
of shares in these stocks were put at
about ID below the regular price. Chi
cago Junction and Chi cago Stock Yards
have advances of per cent. London
ket, but only t0 small extent in either
case, and the market was mostly COLI
trolled by local professionals.
The bond market was firmer during
| the morning and early afternoon, but
became heavy during the last hour in
| sympathy with the share speculation.
and closed weak. The principal changes
| are: Declines-Louisvilie. New Albany
lists. 2: Chesapeake & Ohio, r. A. di-
vision DDS. ~; Kansas Pacific consols,
| Wabash Eds and wisconsin Central lists,
each per cent.
| misunderstanding & Canton lists,
4; ST. Louis q San Francisco trust 5s,
and st. Paul G. Il P. Is, each 21a; North
| ern Pacific 3ds and Pennsylvania 41as,
each IL; Rochester & Pittsburg con-
soils, IL; Ohio Southern lists and do IS,
each per cent; Chicago & Northern
Pacific lists dropped 8 per cent, and SUBJ
sequently rallied l: New York, Chicago
| q st. Louis As registered sold at 50.
against 991a on Oct. II; Washington,
| Ohio & Western lists were 65 d.against
81 the last sale on Oct. 9.
The Total Sales of Stocks
today were 172,000 shares, including:
American Tobacco, $500; Atchison,
2,400; American Sugar. $4,000; Burling-
ton, $500; Chicago Gas. $4,000; Distil-
lers and Cattle Feeders, 12.700; Gen
eral Electric, 10,S00; Missouri Pacific,
$500; National Lead company, 8. 100;
New York Central, 1900; Reading, 6.1OO;
r. s. w. cts, Sd asst. paid. $500; Rock
Island, 6.100: st. Paul, 1900; Wabash
preferred, $500.
The Evening Post says: The profess
onal element dominated in the mar.
ket. The sentiment expressed TO-
wards the grangerS was in the balance
bearish. 1t was based on rate wars anG
threatened labor troubles of Western
! roads aud the feeling that the market Of