St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-10-06
FIN ANCIAL.
New York.

NEW YORK, Oct. Depreciation on
the stock exchange today has been
strong in tone, and the movement of
prices has been upward. the occasional
slight reactions which, occurred being
merely the usual unimpOrtant recess
siOns incidental to rising market, aud
due 10 realizing sales and bear spurts,
which did not seriously Interrupt the
advance toward higher range of
value. 1t was in the railway list that
the improvement was most marked, and
OF this group the graugers were the
leaders. A prominent factor Of the stu.
alton was the firmness of Ameri-
can securities Oh the London
market. although beyond some
small buying of st. Paul the
foreign houses were not in the market
to any appreclable extent. Yesterdays
covering movement was continued, and
most Of the room traders were on the
bull side of the market, and there did
not seem to be any bear arguments on
which the shorts could operate. So firm
was the tone OF the speculation that no
effort TO hammer stocks was made on
the announcement of an appointment
of receiver for the firm of Coffin &
Stanton, which appears to have been
due rather to a disagreement between
the partners than to any financial en-
barraSSment, their relations having
been strained for some time past. The
rumored death or the car was with
! out effect on the street, and no better
| evidence of the markets strong under
tone is needed than that. neither of
these circumstances caused the slight
est speculative furry. Under ordinary
| conditions the depression at least would
have followed the one or the other.
SMEAR led n tha RI Of nd
! SO successfully manipulated as to be
closed exactly at yesterdays price of
| S53s after having been run up to s655s
anu sold down to S41s. There is a grow
| ing belief that the controlling interests
in the stock are DESTROYS of keeping the
| price down for effect on congress, and
are not averse to increasing their hold
ings at a lower figure. Chicago Gas
also stands unchanged on the
day, having moved within range
of l per cent. Early in the day
deal Of this stock was sold to take the
| profits OF yesterdays advance, while in
the later dealings there was good buy
| ing of the shares. 1t Is Thought that
the bull clique. disliking the many fol-
| lowers, took occasion to shake out some
of the weak holders by letting the price
down afew points. The principal gains
on the day are: Burlington Il Quincy.
Lake Shore. Erie preferred, Northern
Pacific preferred and Tobacco pre-
ferred. per cent: st. Paul. 11s; Pitts.
burg, g., G. and st. Louis, X; Denver
& Rio Grande preferred, 1sS; New Jer-
sey Central and st. Paul preferred, 11s,
and Adams Express, per cent.
Declines were established on l per
cent In St Paul & Duluth. Ohio South
ern and American District Telegraph.
In the final dealings trade was light i'm
volume, but the market closed strong.
The bond market was firm all day, and
the trading was active, sales aggregat.
ing 81, 46S, 900, Chesapeake & Ohio AS.
t. P. DDS and Atchison Is being most
prominent in the dealings. The
changes In prices were main.
ly confined to fractions. Ad-
vances were recorded in Georgia Pacific
cOnsol S. trust receipts, Of 4; Iron Noun
tain, Cairo. Arkansas and Texas lists, 9;
Oregon Short Line consol IS, Q; Chicago
& st. Louis and New Orleans IS, TX.
and St. Paul lists, Southwestern divis.
iop, !.
Wisconsin Central income.
2N per cent; Oregon Navigation S. trust
receipts. 2.
The Total Sales of Stocks
today were 157.45l shares, including
Sugar. $500; Burlington. 20, 100; Chicago
Gas, %. 700; Distilling and Cattle Feed
ing, 1900; Louisville & Nashville, g. 500:
Missouri Pacific, 6,400, Book Island.
$500; St Paul. $4,000