St. Paul daily globe., 1894-07-16
100000
To Loan on 81. Pau1 Real rs
St. Paul Title Insurance 3 Trust Co
FINANCIAL.
New York.

ulatlon was dull and uninteresting to-
day, the sales of only one stock, Sugar,
exceeding 10000 shares, and one other,
Chicago Gas, being above 5000 shares.
During the first hour of business the
trading was generally strong In tone
and higher figures were recorded, the
approaching end of the strike inducing
new investments and causing pro-
nounced movement to cover short con-
tracts over Sunday. During the last
hour of the morning the temper of spec
realize profits, many holders of stocks
being desirious of getting out
of the market, not knowing
what the railroad situation may
develop between now and Sunday.
The early Improvement was, however.
only partially lost, and in a majority of
cases the closing prices show an ad-
vance on the last figures of yesterday
ranging from Il to 2I per cent, the lat
ter the Delaware, Lackawanna Il West
ern, which was i'll good demand. and
sold up 10 164, with final reaction of
per cent. American Cable shows a gain
of N; Pullman, 1s6, decline of per
cent from the highest price of the day,
and is up Il; Northwestern, "a; Bur-
lingtOn is unchanged, and st. Paul is
down 4. Sugar fluctuated within a
limit OF IL per cent. recediDg e, ad
vancing II. reacting 111s and rallying g.
Chicago Gas lost 1s at the opening,
sold up II and reacted %. The Mime
aDolis & st. Louis shares were notably
weak, the common breaking and the
preferred 8 per cent OH sales of 800
shares each. The depression in these
stocks was due to conflicting stories as
to the proposed action of the stock
holders committee in regard to assess
ing the stock. The statement is author
lied by this committee that while plan
of reorganization has not yet been
agreed upon, one feature of the plan
will be tile issue of one consolidated
and mortgage bond TO lie used in part
for payment of the equipment and i'm
prnvement bond and interest, and also
to pay the second mortgage bonds now
due, together with the overdue interest
on the divisional bonds. 1t is
not unlikely that the stockholders
may be called upon to contrib
ute the money required to pay
some of the claims Oh the company, but
If they are. they will be given an inter
est-bearing security for all money ad-
vanced. The changes in the rest Of the
list were fractional, aud the market
closed fairly firm. Notwithstanding the
adverse influences of the strike, the
week closes with prices in the main
above the final quotations Of the Satur-
day previous, the more important gains
being: Des Moines Il Fort Dodge pfd,
So; Pullman, 8; Sugar, 4; Sugar pfd,
2T; Delaware & Lackawanna. 3Sl;
Tobacco and United States leather pfd,
24; Louisville. 2; Northwest, 1%s; Rock
Island, 13s; st. Paul, u; st. Paul pfd,
", and General Electric, n: In the
list of declines are Distilling, II;
Tobacco pfd, ~; National Linseed, 5;
Minneapolis & st. Louis, 4, and Mime
ap0lis IL st. Louis pfd, per cent.
The bond market today was generally
strong, ana advances were recorded Of
31a per cent in F0rts Worth & Denver
City lists, 2 in Seattle, Lake Shore Il
Eastern lists, II in Kansas As, and per
cent each in Atlantic & Pacific As, G. II.
& o. AIS, Oregon Navigation lists, Colo
RADIO Midland general 5s, St. 2. NJ. & Nj.
IS, and Union Pacific Us, collateral trust
notes. Union Elevated lists declined 215
and Louisville New Albany lists IL per
cent. On the week the principal
changes are:
Declines - Brooklyn Elevated lists,
511a; OHIO Southern IS, s.; SciOto Valley
and New England IS, AZ, and Louis
vile, st. Louis d Texas lists, 8 per cent.
Advances-Galveston Fl. 81 r. 5s, 5;
st. Louis Southern lists, ~, Wisconsin
Central lists. 319 per cent.
The Evening Post says: Some be-
lated spectators of q few days since for
the short account made a final effort
today to close their contracts, and the
result was further recovery in prices.
The advances were not. however, regu-
larly distributed. In Sr. Paul, for in-
stance. and in Sugar certificates shares,
the short interest either was not large
or had made a particularly rapid and
prompt retreat; there was little change
or none. But Rock Island, Louisville
and Chicago Gas were marks for con-
tinued buying, and even yesterdays
sellers of Distilllng certificates changed
face OH today's market.
The Total Sales or Stocks
today were 54,5l1 shares, including:
American Sugar. 16,70O; Burlington,
1,S00; Chicago Gas, $500; Delaware,
Lackawanna Il Western. 2.4O0; Distill-
ing and Cattle Feeding, 1900; General
Electric, l.600; Louisville & Nashville,
1880; Reading, 2,l00; st. Paul, 1900;
Western Union, 2.1O0.
MICHAEL DoRAN JAMES DoRAN