St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-09-25
MONEY TO LOAN
On Real Estate Security. :
FAVORABLE TERMS --nA
e. w. PEET g. SON
Manhattan Building.
FINANCIAL.
New York.

NEW YORK, Sept. 24.-The weak
opening on the stock exchange. irregu-
lar as to tone. business light in volume,
and. although there were occasional
rallies, the tendency Of prices was
downward. AS a rule, the rallies in the
market were due to the taking of profits
on the decline. there being little buying
for the long account. In the later deal
lngs the speculation became slightly
better in tone, but still closed irregular
at declines ranging from Il to
2 per cent. the latter in Bur-
T aingt0 Gas. q 1sl ouin Denver ~ chl f1o
Grande preferred. II Lake Shore,
New York Central, American Tobacco
and Sugar, Is do preferred, l Rock
Island, Northwest, Louisville s. Nash
vile and Western Union. q New Eng
land, last assessment paid, and Missouri
Pacific, % st. Paul, Norfolk & Western
preferred. and Rubber preferred, and "a
st. Paul and Omaha. Some of the mac
tive stocks showed advances OH the dav,
Including Oregon Navigation, 2 per
cent; Pullman, Is, and Louisville. New
Albany preferred, Il; General Electric
is unchanged compared with Saturdays
closing prices. The arbitrage houses
did little if anything in the
iAlci Z bAiSSo ~ olio 1LOlluOu UCllk
so nearly in a parity as to preclude
profitable transactions. In the early,
trading New York Central was sold
down "a per cent on reports that the
next quarterly report would be unfa-
vorable, and that a reduction of diyi-
dend would follow. These bear ruynors
were semi-officially denied. and on buy
ing during the afternoon at the decline.
for investment purposes, a recovery of
l per cent was shown at the close. On
sales of 200 shares, Lake Shore suffered
a loss equal to New York Central,
partly in sympathy Herewith. The
weakness in the grangers is attributed
largely to manipulation, the selling in
these shares being lnaugurated by a
leading operator who is known to have
been recently on the other side of the
market. There are no new develop
ments regarding the shares, but since
the scaling of the Rock Island dividend
speculative holders Of the stocks are
timid. and sell upon the slightest sign
of heaviness therein. Sugar was fairly
well held in the early trading, but gave
way with the rest of the market in the
later dealings. being sold down by the
room traders. Reports from Chicago
that at tonight's meeting of the city
council the opposition to Chicago Gas
would introduce a new gas ordinance led
10 the free selling of the stock of the
Chicago Gas company, which broke %
to 69%, with a recovery of Is per cent on
the denial of the report. The last as;
sessment of SIS on New England commop
| stock is due today. and it is reported
that except in a very few shares 1t has
been paid. Despite this favorable state-
mept the stock reacted l per cent, WITH
a subsequent recovery of q. General
Electric was sold up % per cent in the
morning, or a report tnat the floating
debt had been wiped out, but the gain
was lost before the close. The bond
market was fairly firm during the morn
ing. but became irregular in the AFTER
noon in sympathy with the unsettled
| tone of the stock market. The active list
generally recorded fractional declines;
in some few cases material losses were
recorded. including Houston & Texas
Central firsts 5, which are Oft ~ per
cent; Erie seconds, Atlantic q Pacific
guaranteed Is, Minneapolis Il st. Louis
equipment IS, Kanawha & Michigan
fTsts, Richmond q Danville stamped
IS, l per cent. Some shares show ad-
vances on the days transactions, the
more important of which are Chesa-
peake q Ohio firsts, ass per cent; To-
iedo. Ann Arbor 4 Grand Trunk trsts
and Peoria d Eastern firsts. 2.
Total Sales Of stocks
today were 156.57s shares, including:
American Sugar, $4,000; Burlington,
%. 800; Chicago Gas, 10, 100; Distiilihg,
400; General Electric. $500; Louisville
! u Nashville. 4,700; Missouri Pacific,