St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-09-02
FINANCIAL.
New York.

New YORK, Sept. 1.-Tradtng on the
stock exchange was light during the two
hours of business, Sugar being the only
stock which displayed anything like
activity, and the dealings therein were
less than the usual volume. A raid was
made on Sugar at the opening, which
forced the. price down l5s per cent to
1885. which is just to per cent below
the figures current week ago today
and q per cent below the highest point
reached recently, the stock having sold
nothing new in the situation affect
ing the sugar interests which
developed today that would ac.
count for the decline, and it can only
be ascribed to the manipuIations of the
clique. There was full recovery in
the later dealings, followed by reac-
ton of a per cent, which represents
the loss ON the day. Chicago Gas was
the only other share in which the trans.
actions exceeded 5000 shares. 1t was
also sold down by the traders. and re-
corded decline Of II per cent, with
final recovery of e per cent, the decline
fraction. Rock Island was again weak
today. receding x, and closing at the
lowest figure touched. ST. Paul and
Burlington & Quincy were both strong,
and advanced "a and a respectively,
maintaining the full rise to the close.
Northern Pacific preferred rose per
cent on foreign buying and sales
to cover short contracts. 1t is
said there IS a very large
outstanding short interest in this stock
to which fact is ascribed Its strength. In
advance was lost. Louisville & Nash.
Vile on moderate buying rose l per
cent. reacting at the last. Western
Union was in fair request and made an
advance of per cent, of which a per
cent was subsequently lost. Disabling
was neglected, fluctuating within a
range Of q per cent. and closing Is
lower than OH yesterday. louisville
New Albany broke from 1919 to 2S on
one sale of hundred shares lot. Col
orado Fuel and Iron declined % per
cent. Atchison receded Is, rose q and
reacted u. In the rest of the list
changes made were all in the direction
of higher figures. The only material
advances, however, were per cent in
Plttsburg & Western preferred and
United States Cordage preferred. The
market closed mainly strong. On the
week the movement has been irregu lar,
but In the maiu the tendency has been
In the direction or lower prices. The
principal charges are: Declines--Sugar,
per cent; Cordage preferred. 6; do
common, So; Rock Island, 3se; Lead
preferred, 3; National Starch, /; Man
haitian, Consolidated Gas, Chicago
& Eastern Illinois and Tobacco,
2. Advances = Pittsburg. c., C.
and st. Louis 4; st. Louis preferred, 2;
Northern Pacific preferred, SO; Louis
Vile 4 Nashville. 25s; Toledo Il Ohio
Central. 21s. The bond market was
strong today on a moderate volume of
business, with the Northern Pacific
issues the feature. The Sc conds sold up
per cent, the thirds l, and the Mon
tana divisions firsts 8: Utah Southern
general rs advanced 4. Kansas Pacific
consols l5S. Oregon Navigation SIS,
Chesapeake & Ohio 415's, u; Oregon
Short Line 6's declined per cent. The
market has been generally strong dur.
ing the week. and although there have
been some declines, prices in the main
have moved upward. The principal
changes are:
Louisville and Nashville, New Or
leans and Mobile seconds, advanced 10
per cent: do collateral trust IS, AZ;
Northern Pacific seconds do; thirds
and do terminal firsts, s; do Montana
division frsts, 8; do aTst registered aud