St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-06-15
C. ERNST eco
Investment Bankers.
Dealers I'm Ffrst-Class
bonds, Bank Stocks and
Commercial Papers.
Money to loan In Large Amounts.
-OFFICEs-
Germania Bank Bldg, and Temple Court,
St Paul Minneapolis
FINANCIAL.
New York.

SfOnaI operators. VINO usually take the
short side of the market, were in con-
troll on the stock exchange today and, as
is customary. carried the war on with
rumor as the chief weapon of attack.
AS against Sugar it was urged that the
schedule of the tariff affecting the prod
uct of the refining company would in all
probability be changed adversely to the
interests of the trust. and it was hinteh
that some Of the insiders; had already
unloaded, having seen danger ahead.
The pressure to sell the stock was kent
up almost steady to the close. There
were occasional rallies, but at each rel
covery fresh stock came out and the
quotations fell off until shortly before
the close 81. the low point, was record
ed. being ~ below yesterdays final
sale. and the closing price today was
only Is above bottom figures. Sugar
preferred declined ~. closing at the
lowest figure touched
Chicago Gas was depressed by means
of kilograms from Chicago reporting
that the attorney general OF Illinois had
employed assistant counsel and was
gong to push gthe quo WarraMt0 snit
In addition to this short sale there was
selling Oil the part of those who having
bought at much lower figures than are
now current. desired to realize. This
combination of fnrceS made its influence
felt shortly after the opening, which
was at an advance of a. aud decline
set in which became most pronounced
after delivery hour, and resulted in
loss of 81. In the fnal sales rally of
the day of ~. The grangers were
attacked OH the reaction in the
price of wheat, but gave way only
slightly compared with the other
active stocks, and the last quotations
show only decline Of 1909. the deal
ings being small, except i'll ST. Paul and
Burlington & Quincy. Boston was the
heaviest seller of Union Pacific, but
there was also considerable local sell
ing. Two bear points were given out
in this stock that there was trouble in
the reorganization camp and that the
earnings for April showed large fall
ing off. A decline of rs was recorded,
of which Is was recovered at the close.
The publication of the main points Of
the proposed plan of reorganization OF
Atchis0n had the effect of weak
ening not only the stock, but the
classes A and B bonds which 1t is pre-
posed to turn into income bonds, the 4
per cent mortgage bonds alone being
benefited by the announcement of the
plan by reason of the fact that their
status is not changed, and the reduction
of fixed charges makes their position
more assured. The stock receded tx,
recovering a. The fours.of VIII ich $780,
600 changed hands, fuctuated between
IS and n. closing q off from the high
est.at an advance OF n OH the day. The
class A seconds, of which SIP 200 were
sold. declined from 3ls4 to 1875. closing
at a recovery OF d and 21s lower than
o. rho trnnorol fnorl.af
very heavy during the last hour
and closed weak in tone, the
declines on the day where they
exceeded fraction being Laclede Gas
preferred II and National Cordage pre-
ferred per cent. Some few shares re-
corded advances from Yesterdays clos
ing figures, notably United States
Leather preferre1. ~; Lake Erie &
Western preferred, II; Lake Erie &
Western common.s4: Hooking Coal and
Tobacco preferred, l; HockingCoal and
Tobacco common and Denver d Rio
Grande preferred. y. and Laclede Gas
common, q. The bond market was
fairly steady during the morning. but
became easier during the afternoon in
sympathy with the share market, and
closed rather heavy. The principal
changes are: Declines Chicago &
Erie incomes, IN; Consumers Gas of
Chicago firsts, ~; Colorado Midland As
and Chesapeake & Ohio IS OF 1911,
each l.
Advances-St. Louis & San Francisco
c0nsol Is. 81: Alton 4 Terre Houte di-
yisional bonds, N; American Dock IS,
Erie third mortgage. and Tennessee
Coal & Iron, Tennessee division firsts
each l; Louisville. Evansville & Sd.
Louis general old As sold at Is, against
~ on Nov. IL; Scloto Valley and New
England As sold at 70. against 75L on
Mat s.
Ees.NEw YORK, June 14.-Evening POSTS
/ London eablegram:
The Bank Of England's return today
exceeds all former records. The proporl
ton of cash to liabilities Is 7016 per cent
The coin and bullion amount to E37,-
1900, an increase during the week
of e7S4.000. of which s676,OOO were
imported, 100000 coming from EgyDt,
1888. 600 from Australia, and the re-
Inalnder in bars United States coin
bought.
The stock markets were generally
better today,especially for South Amer
gold premium to 2SS. Gold dribbles out
from here to Argentine on exchange.
Americans were steady, except Atch-
ison bonds, which we're weak on the re-
organization scheme. The. amount of
| fresh capital to be raised Is much dis.
liked. India IL buying silver,
The Evening Post says: Evidently
| the stock markets normal condition 8
one Of entire dullness. This was the
situation today. The only stocks whose
special movement was worth notice
were Aschison, Union Pacific and Su.
gar certificate. Atchison declined,