St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-07-07
CITY MORTGAGES
Negotiated on improved Real
Estate, at Lowest Rates.
E, w. PEET & SON,
Manhattan Building.
FINANCIAL.
New York.

NEW YORK. July Elm view of the
continuance of the strike and the fact
that the strikers show no sign of weak
ening the share speculation is remark
ably firm. At the opening trading was
heavy, chiefly owing to receipt of selling
orders from London. which was at first
thought to be due to feelings of alarm
created III the foreign speculative breast
10y the congested state of railway labor
here, but which it was subsequently
discovered was due to the announce
banking house, which also caused
American securities on the Lon
don stock exchange to yield
slightly. After the first furry
the market steadied itself and
at no time during the day was there auy
prOtracted period OF depression OF heavy
pressure to sell. except perhaps in SUI
gar, which monOpoliZed nearly half of
the entire business done. The opening
sales came with such rush that the
stock ticker quoted them as 1000 from
961z to 81, and few minutes later the
price dropped to $50, decline of 15s
from yesterdays closing. The depreS-
sion il this stock was owing to the pub
LEGATION of reports that a majority Of the
house OF representatives had been
shown on canvass to be untriendly to
the Sugar Refining company. Some
covering Of short contracts at the de-
cline resulted i'll rally Of l per cent,
which was followed by another raid. in
which the recovery was entirely lost.
During the afternoon the share
received some inside support, sell
ing up to 9635, but the final
sale was at a reacuou of p, making a
loss of per cent on the day. Chicago
Gas advanced Il in the opening deal
ingS, and then was raised by the brok-
ers of a well-known bear operator, SELL
ing sotf Is by about noon. When
the pressure to sell was removed the
stock rallied Is, closing at a reaction of
Is, being % below yesterdays closing.
81. Paul was the only stock of the rail-
way list which showed any activity. 1t
was firmly held all uay, never reacting
more than p, and closing within 3sof
last nights nual sale. On one sale of
100 shares Evansville IL Terre Haute
broke per cent, to So. The bond mar
ket was firm in the morning, but closed
weak, the principal changes being:
Declines-St. Joe d. Grand Island
firsts, 80: st. Paul, Ii. u d. rs, 2$I;
Tennessee Coal Il Iron, Tennessee d.
vision frsts, Green Bay, Winona 81 ST.
Paul incomes, Ohio Southern is and
NlliS, LNdiloflliC " kl. LOuiS H.
2; Atlantic q Pacific incomes, u, and
Louisville u New Albany consols, per
cent.
Advances-Rock Island frs1s, per
cent.
The Evening Post says: There was
some foreign selling at the markets
opening today, which led to hasty
surmise that the courage of the London
investors, al any rate, in relation to the
strike had given out. 1t very soon
developed, however, that London's
nerves had been momentarily shaken,
not by the Chicago news. but by BANK
ing failure on the other side. The gen
eral market yielded at first, then
recovered with encouraging elasticity,
and finally lapsed into dizziness. The
railway stocks lost in the long run
hardly anything of yesterdays adj
vance.
Ehe Total Sales OF Stocks
today were 105, AL shares, including
American Sugar. $4,000: Chicago Gas, Il, :
800; Delaware & Hudson eX rates, $500;
DIstilling, $500; General Electric, 3, 100;
Missouri Pacific. $500; St. Paul, s. 100.