St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-09-19
100000
TO Loan on St. Paul Real Es
St. Paul Title Insurance 3 Trust Co
FINANCIAL. 1aey = 60
New York.

NEW YORK, Sept. IS. - The share
speculation today was irregular and un-
settled, with the general trend of prices
in the direction Of lower figures, the
industrials showing :the greatest de-
preston. Sugar, Chicago Gas and Dis
filling lead in the transactions. Whisky
Trust shares were very heavy in the
early dealings. and were pressed for
sale with the result of sending them
down to 9. the lowest figure ever
touched by the stock. The break was
accompanied by report that Nelson
Morris. the leading member of the direc-
tory. had resigned, and that the directors
would take action in the premises next
week. Supporting orders came in at
the decline, which caused quick recov-
cry. and before noon the stock had
moved up to II. In the afternoon con-
tiicting rumors touching the property
caused feverish trading. but after
reaction 10 1925 all advance to liz was
effected from which there was reac-
ton of q at the close, leaving a gain on
the day of q per cent. There was a
vague feeling of dlsquiet in the Sugar
crowd on talk Of unfavorable express
sions against the trust by the coming
state conventions of political parties.
Sales of the stock were so heavy as to
compel the belief that they were from
insiders, and as a result the price
declined up to about 1:3o o'clock.
when decline of 21a to "a
had been effected. Covering of short
contracts subsequently led to recovery
to 9655s, followed in the late dealings by a
reaction to 9554, and final rally Of ID,
the decline from yesterdays closing
being II, and for the preferred i.
Liquidation of long stocks of Chicago
Gas was quite large, but nothing new
of all unfavOrable character was devel-
oped affecting the situation in Chicago
to account for the selling, and the re-
sultant decline, which reached 2$l in
early afternoon. Buyers came into the
market at the lower figures which
caused rally of ia but the bears made
final drive at the stock in the final
dealings. in which the gain was entirely
lost, and the last price made was at q
decline of 25s on the day. The losses
in the other industrials were Tobacco
and Leather preferred, 9 per cent, and
General Electric a. In the railway list
the grangers showed most activity
and st. Paul was the leader in the
transactions, being bought by Lon
don and sold by the room traders
and fluctuating between 655k and
64%, closing a below the final quota
ton of yesterday. Burlington moved
within a range of e, losing 4 on the.
day. Rock Island rose 4, declined I5S,I
and rallied II. Northwest made gain
of q. Declines ere established of lax
in Pullman. X in Canada Southern and
X in Kansas u Texas preferred. St.
Paul & Duluth loses per cent and.
Louisville & New Albany preferred 81
per cent compared with the last preyi-
Gus sales. The market closed about
steady for the railway list. but weak for
the industrial group.
The bond market opened rather heavy,
and continued weak until the early aft
ernoon, when, under good buying,
prices recovered, and the active list
shows a slight improvement. The main,
changes are as follows: -
Advances-East Tennessee consol IS.
14 per cent: Kansas & Texas seconds
II; Susquehanna & Western refunding
IS, 10, and Western New York & Penn
sylvauia firsts, l.
Declines-Toledo, Ann Arbor firsts, 4
per cent; Michigan Central IS of 1891,
~; Wabash seconds and Cordage frsts,
nc, and Laclede Gas IS, l. Reading
third convertibles were sold down tx
to 1875, but subsequently, moved up
to 81.