St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-08-25
FINANCIAL.
New York.

NEW YORK, Aug. "a = Today, as
during the entire week, Disabling has
been the chief interest of the specula-
ton OIL the stock exchange by reason
OF the heavy transactions therein and
the conflicting reports touching the
proposed loan of s5.0O0.0OO. which il is
alleged the company is endeavoring to
negotiate, or as it Is claimed in some
quarters. has secured. There seems to
be but little doubt that the mystery
thrown around this financial transac-
ton Is for the purpose of manipulating
the stock III the interest of an inside
operator or clique. Street gossip has 1t
that leading director of the company
is anxious to obtain line of the stock,
and that the announcement of making
tiie loan Is deferred to enable him
10 buy the stock at profit
able figures. The shares advanced
"a In the early dealings. re.
coded Is, and sold up per cent before
noon. After midday another reaction
set in of "a, when on an unconfirmed
Ennor that the loan had been obtained,
a sharp upward turn was taken on
heavy buying. carrying the price up "a
per cent from the low price of the mOru-
ing, the last being the best price of The
day. A vague rumOr was given cur
rency of ali effort being made by the
Metropolitan Traction company to Sc.
cure the Gould-Sage stock in the Man
haitian Railway company, and thereby
obtain a controlling interest in the last
corporation, the incentive suggested
being the prevention OF elevated rail-
way extention TO the detriment of the
traction company. AS Mir. Gould is in
Europe. and there being little proDa-
biiIty of any such deal being made
during his absence. the story was
treated with little consideration.
Mr.. Sage, when spoken to OH the
subject, treated 1t In Serio- comic vein
and took occasion to comment upon the
great value of Manhattan stock, saying
he would consider an offer of 200 tor
his shares, the current price being
l2l19. Three 100-share lots Of Metro
poiltan Traction sold at 11Sind I1S Is,
against 1124, the last previous safe.
1905, advanced 10 122 and closed at
12i1a.
Inc general market opened firm and
for the greater part of the list was
strong throughout the day with the eX-
ceptiOn of period of depression be-
tween II and II O'Clock, due mainly to
realizations. Sugar was all exception,
and, after gain of 4 around the OPEN
Ing. fell off IL to 1924. A
subsequent rally or rs was made,
with final reaction or %. Cordage
preferred shows loss OF 1H, Iowa
Central preferred and Baltimore d
OHIO Southwestern preferred l per
cent, and few other shares 8@M.
The more prominent advances on the
day were: Hooking Valley preferred.
4; Tobacco, 3; Oregon Navigation. 215:
Lake Erie d Western preferred, 2I;
do common. "a; United States leather
preferred, anu New Jersey Central, ~;
Ohio Southern, IL; p. c.. T.. d st.
Louis preferred, II; Reading, Is, and
Richmond Terminal preferred. Canada
Southern, Chesapeake IL Ohio, illinois
Central and Lalcede Gas preferred,
per cent.
The bond market was strong all day,
and there was decided increase in the
volume of business, the transactions
aggregating S2,594,0O0. The Reading
issues were again most prominent in
the declines, and there was also heavy
business done i'll tOday'S Pacific Sec
onds.
The principal advances on the day
were: Oregon Navigation Collateral
Trust IS, 8; New Jersey Junction tirsts
and Peoria, Decatur IL Evansville firsts,
2; Southern Railway 5s. Chicago d Erie
firsts, 12s; Central Pacific Us of $50 and
NeutTdl ElectTlC u6DeutuTS oS, IA SIs
Louis Southern tirsts, ~; st.
Louis Southern seconds, L; ST.
Paul. Minneapolis d Manitoba con-
sol 6s. rs; Buffalo, Rochester
y Pitts5urg IS. Kansas Pacific Us of
Vi, Laclede Gas IS, Northern Pacific
hrstS, Northern Pacific consol 5s, Ore
Aon Improvement 5s, Union Pacific
tirsts of 80. Union Pacific sinking fund
eghths and Reading first preference,
L; Union Pacific seconds, rs, and Union
Pacific thirds. TX; Seattle. Lake Shore
IL Eastern tirsts trust receipts sold at
50 against As OH Aug. 8.
The Total Sales of stocks
today were 224.225 shares, Including:
American Tobacco, 7,700; Sugar, 3D.
400; Burlington, 14,200; Canada South
ern, 4,O35: Chicago Gas, 10000; G. d l.,
5000; Distilling, 1900; General Elec.
trio, 400; Louisville d Nashville,
$500; Reading. l20U0; Rock Island,
$500: ST. Paul, 20,400.