St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-08-23
FINANCIAL.
New YNrk.

! NEW YORK, Aug 22.-The share
speculation today was rather irregular,
advances and declines following each
lother with frequency, but the re actions,
Jas rule were less than the gains and
the trading resulted in the
establishment of a higher range of val
,ues throughout the greater part of the
list.
London was in the market both as a
seller and buyer, but not to any great
extent, and the dealings as whole
were only in moderate volume, being
mainly confined to the professionals,
the commission houses reporting fall
ing in business. The tariff probabilities
had not little to do with the irregu.
siarlty OF share movements. there being
more than one opinion as to the presi-
Dental action:and many rumors. Dis
filling was the spectacular feature of
the days trading, in the changes being
rung in on the old five million loan
story, that the money had been secured
and again that it had not.
The clique Of insiders were active
manipulators of the shares, and the
effort seemed to be to shake off the
following and enable the pool to get
stock at its own figures. Within few
minutes of the opening the price was
jumped ~ per cent 10 90 as quickly
hammered down to 1879. Before noon
it had been advanced to 203s, and
shortly after that hour was moved back
to 1879. Then came another upward
turn to 81, with a final reaction to 2O15,
leaving gain of 2 per cent from yes,
terday's closing On the largest volume
of business of any day for months past.
Sugar, which came next IN point OF
activity, fell off Is in the opening deal
inv bot ioIvf =, lao, III
had advanced per cent by noon, and
an additional q by las O'Clock, when
114I, the highest point of the day. was
touched. During the late afternoon the
stock was sold briskly, and closing Is
down from the best. but Is per cent
higher on the day. An effort was made
shortly after the opening to depr eciate
the grangers, but it was StOutly resisted
and was ineffective, the shares being
strongly held and showing advances at
the close of 1I@M per cent, the latter
Burlington & Quincy, which was i'll
most demand. General Electric was 10
good buying, and rose II per cent,
but realizing sales in the later
greater part of the Improvement, of
which only g remained at the close.
Chicago Gas receded 4 at the opening,
advanced rs and reacted u; Wheeling
81 Lake Erie preferred was erratic IN It's
movements. receding IS, selling up Is,
reacting Is and advancing ". closing
at the top figures, and eregainlng 11 on
yesterday. United States Rubber pre-
ferred rose per cent OH sales OF 200
shares. The other advances of the day
above fraction were: Lake Shore and
Cotton Oil, IL; do preferred, l: New
England certificates and Ste Paul q
Duluth. II, and Tobacco and Laclede
Gas preferred, per cent. Some shares
recorded declines, but only fractonally.
The market closed generally firm.
The bond market was heavy in the
morning, but closed firm. Leading
changes of the day were:
Advances--Green Bay, Winoha & st.
Paul tirsts. 3 per cent; Wabash tirsts,
Detroit u Chicago extension and Ohio
Southern as. 9; New Jersey Midland
Jtirsts and Brooklyn Elevated seconds.
~; Oregon Short Line 6s, *; General
r Electric debentures IS, 15s; Western
New York & Pennsylvania tirsts, Gin
iicinnati, Dayton IL lronton IS. Northern
Pacific terminal firsts and Hooking Val
ley IS, l.
Declines Union Elevated firsts and
Lake Erie 4 Western IS, IL per cent:
Erie seconds cOnSolS. IL; Oregon Navi-
cation Is, Pittsburg, c., G. u st. Louis
AIS, series b, ana Rock Island extend
ed 5S, regular, l.
Galveston, Harrisburg & San Antonio
seconds sold at SO, against 80 on Aug. 1;
Richmond & Danville debentures is
sold at SO, against 80 OH March 10.
The Total Sales of stocks
today were 177,417 shares, including:
Atchison, 500: American Cotton Oil,
a. 400. American Sugar % 600. Rurlinp-
ton, IL 400; Chicago Gas, $4,000; Distill-
ing, $500; General Electric, 1900;
New York & New England third
assessment paId). 1890; Rock Island,
5000; ST. Paul, $500.
Bonds
Government bonds quiet. State bonds
dull RaiirOad hOuhs firm