St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-09-30
FIN NCIAL.
New York.

New YORK, Sept. 29.-The stock mar
ket displayed about the usual Saturday
activity and the speculation was un-
Interesting save as it displayed unsettled
tone of the market and the existence of
a very general feeling of uncertainty as
las to the future course of share values.
q hetrading was almost entirely done
by room traders who were DESTROYS of
closing out their contracts. long or
short. being unwilling to leave their
lines out over Sunday. London did
very little in this market beyond buying
some small lots of st. Paul, and very
few outsiders took part in the trading.
Sugar was most active, and many Of
those who had bought at the low point
yesterday began to take profits this
morning. causing decline of Is per cent
to 1873. AT about 80 the shorts started
in to cover. and theit purchases resulted
in recovery of q per cent. The higher
figures were. however, maintained but
for very short time, an d on renewal
of the selling the stock broke ~ to
SSs4, with in a of the low point of the
week. In the final dealing rally of q
was made, limiting the days loss to SIS.
n tCPOLt was pun III Sulotioh ANtO lnot
evening which appeared in one of the
morning papers. setting forth that the
opposition company to the Chicago Gas
company raised S6.000,0 600 in this city to
help it fight the Chicago Gas company.
The story was canard given out to
hold the stock while a bear clique GOV.
cred its shorts. and the rum0r did have
the effect of sending the stock down
fraction after 1t had opened q higher,
the loss, however. being Only d per
cent. The covering movement was
close, which was at the best of the day
and IL above yesterdays final close.
st. Paul was fairly we'll held until near
the close, when it gave way to the eX
tent of q, closing e better. Burling
ton rose a and receded %, losing a on
the day. Northwest is down Is and
Rock Island &. DistilIing, on small
selling, declined d In the rest of the
list the dealings were very light, and.
except in those of the specialties, the
changes OH the day are in the main
fractional. Louisville d New Albany
preferred and Minneap oils Il st. Louis
preferred are down ~, and Pittsburg,
Cincinnati. Chicago & st. Louis l.. At
| the close the market was generally
| fairly steady.
On the week the speculation has been
very unsettled and the movement of
| prices irregular. AS a rule, however,
| values have deprecated, and the last
prices made were mainly at decline
| from the closing figures of last Satur-
! day. The more important losses: Sugar,
~; do preferred, AT Consolidated
Gas, ~; Reading and Tobacco, 81; do
Burlington, 25s; Cordage preferred and
Cotton Oil. 211; do preferred, 2; New
| England and Metropolitan Traction,
2A; Dstilling and Western Union, 2;
Lake Shore, ~; Northwest, IL; Cen
| eral Electric, ~; Chicago Gas. l11s, and
Rock Island g.
Some of the specialties have advanced
| on the weeks transactions, including
st. Paul q Duluth and Rome. Water.
town & Ogdensburg. 4; Alton & Terre
| Haute, 8; Central Pacific. "a, and
! Edison Electric, of Brooklyn. 2.
The bond market was irregular today
| Oh small volume of business, the total
sales reaching only $4,000. The active
| Issues were rather heavy, while some
! of the securities which are infrequently
dealt in recorded advances. Minneap.
oils & St. Louis first, Southwestern
extension, sold up 2 per cent, and st.
Paul d Omaha cOnsols, Milwaukee.
| Lake Shore & Western firsts, Michigan
| DIVISION, ana Erle SecOnU cOlSOlS, LTuSL
receipts, l..
Declines-Louisvile & New Albany
aconsols. ~, and Northern Pacific con-
soils fives. l. On the week the changes
| are about evenly divided on both sides
[ of the market. The Reading issues
were notably weak on the unfavorable
impression made Oh large section of
the security holders of the company by
the plan of reorganization. Large
| amounts of the tours and preferences
were thrown on the market which forced
| prices down and caused losses of 3 per
cent In the fours, So in first prefer
| ences, so in seconds, "a in thirds and
| II in deferred incomes. Other notable
| recessions were: st. Louis Southern
| firsts. TX; Richmond q Danville
| equipment IS, 6; Kansas Pacific consol.
5; Lehigh Valley terminal firsts, 4;
Atchison IS, 255s; Atchison seconds, 1as.
and Wabash seconds, 25s. Advances
Duluth q Manitoba firsts, Dakota divi-
sion. az per cent; Union Pacific col
| lateral trust IS, So; Missouri Pacific
consol Is. z; Chesapeake d Ohio. Craig
Valley tfrsts, SIS; Toledo. Ann Arbor
firsts, 4; Denver & Rio Grande. AZ;
| Peoria & Eastern firsts. 81: st. Paul
terminal IS aud Milwaukee Il Northern
firsts of 1918. main line. per cent.
Total Sales Of stocks
! today were SO.SS7 shares. including:
| American Sugar % 800: Burlington.