St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-10-11
MONEY TO LOAN
On Real Estate Security.
FAVORABLE TERMS -zA
E. w. PEET & SON
Manhattan Building.
FIN ANCTAL.
New York.

NEW YORK, Oct. 10.-The trading
on the stock exchange to day was the
lightest in volume of any full day for
many weeks past and the speculation
was Of but little interest, except in
Suar, St. Paul and Chicago Gas. the
sales not exceeding 1880 shares in any
single stock, and but one reached that
figure. The arbitrage business was
small, owing to the fact of it being
Jewish holiday, which kept many of
the leading operators out of the market.
both here and in London. At the
opening the market was heavy and
small fraction lower. but there was
quick recovery, after which the
dealings became irregular and dull
hess was the prevailing charac-
teristic of the situation up to midday.
In the early afternoon IA selling move.
ment of small force set in under the in
t1uence of which prices again declined.
About l o'clock rally took place. prices
being we'll maintained until shortly be-
fore the close, when another reaction
took place, the market closing weak and
generally at decline from the close of
yesterday. Sugar led in the transac-
tions and was in demand to cover short
contracts, the bears having taken alarm
at the cable adviceS reporting the Ger
man sugar trade to have been ruined by
the protection clauses Of the new tariff
bill. These purchases sent the stock up
"a to sly, but in the later dealings
there were fairly free offerings of the
shares, causing reaction to S2s4, which
left only q of the gain; the preferred
stock scored an advance OF u. st. Paul
was most active of the railway list and
under sales by London and the traders
induced by the heavy decrease in earn
ings for the first week in October re-
coded q, closing at that low point. The
other grangers were not largely dealt
in, and moved in a narrow range, Bur-
lingtOn standing unchanged on the day
and Rock Island and Northwest losing
& and a respectively. After an opening
decline of q in Chicago Gas, the
recently formed bull pool in the
shares set to work to advance the
stock and sent it up ~ to 741s,
the movement eliminating about deliv-
cry hour. Lack of supporting orders
and some realizing sales resulted in
loss of e at the close, the efforts of the
Of q per cent. Western Union was not
prominent in the transactions until
after 2 O'Clock, when upon the publica-
ton of the annual report, which was
generally regarded as unfavorable. a
drive was made on the stock which
caused a depreciation in its value of q
from the best price of the day.
The Cordage stocks were marked down
2$s OIL the common and q per cent on
the preferred on the liquidation of a
long account. There is no news touch.
ing the company to account for this de-
cline. and the last prices made were at
recoveries of II and q respectively:
Lake Erie q Western preferred and
St. Paul Il Omaha preferred each de.
clined per cent on the day, the other
losses being in the smaller fractions.
National Linseed rose 81 per cent on
sales of 800 shares; Delaware, Lacka-
wanna & Western recording an advance
of u. Great Northern preferred and
Bay State Gas, each l per cent. Mime
apolis & St. Louis seconds sold at 1861
against 14O15 OH Sept. z.
The bond market was irregular on
moderate volume of business, the total
of the sales being 100000. The
changes in prices Oh the days tIansac-
ti0ns are mainly confined to fractions.
The only important movements being
advances of 2 per cent in st. Paul frsts,
Southwest division, and Toledo, Ann
Arbor frsts; II in Northwest consois
rs and 1 in Louisville, New Albany
general IS aud Toledo, Peoria & West
ern firstS.
Declines-Brooklyn Elevator firsts. 4
per cent; Kansas Il Texas seconds, IL,
and Northern Pacific seconds and
United States Cordage firsts, l.
The Total Sales of Stocks
today were 253.299 shares. including
Atchison, $500; American Sugar. 6, 400;
American Sugar preferred, 3,lO0; Bay
State Gas, 1900; Burlington. 4,SOO; CHI
cago Gas, IA. 100; Distilling & Cattle
2,1OO; Reading, 1900; R. d W. P. GER
tificates. 5th asst. paid. 400; Rock
Island, $500; st. Paul. 1s,5OO; o.. s.
Cordage, $500; Western Union, 400.