St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-10-30
FINANCE AL.
New York.

NEW YORK. Oct. 29.-For the first
time in week the speculation ON the
stock exchange was marked by activity,
but it was not due to healthy buying
movement. but rather to heavy selling
of the general list, in which the coal
stocks were most prominent. The de-
preston which marked the trading in
the coalers during the latter part of the
last week was experienced at the Open-
ing OF business today, when all attack in
force was made by the bears, in which
New Jersey Central suffered the heavi-
est loss. The selling in this stock was
divided between the shorts and small
investors whom the recent reports
of trade difficulties and today's
unfavorable September statement
Induced to liquidate. The decline
in the stock continued throughout the
day with occasional rallies, but the last
sale was at the lowest point touched
and rs below the closing price of Sat-
urday. Delaware & Hudson was alsOE
sold briefly by the bears. and some longs
stock was brought out causing declineS
of AZ to I19s4, with rally of Il at the,
close; Delaware & Lackawanna rose " "
at the opening on covering by small
shorts. but was quickly hammered
down 80 to 155I, recovery of q be-
ing made at the close, limiting the loss
to "a. SusQuehanna IL Western de-
clined rs to 1873, rallying to IA. and do
preferred fell of l per cent to AZ. Read
Ing was strong in the morning on Phila-
delphia buying and advanced g,
but lost the improvement in
the later dealings and closed
al 20 I'm I'd yrt
ket was weak, in sympathy With-the.
leaders OF the speculation, and, with
the exception OF the grangers, gave
way readily in the early dealings, and
the granger group joined in the down.
ward movement during the afternoon.
There were at times periods of FIRM
ness. when purchases TO cover short
contracts temporarily checked the de-
Ginning tendency, but fresh bear on
slaughts wiped out the small rallies,
and prices reached Still lower levels.
There seemed to be little OF 10 buying
for the long account. even at the lower
by the bears lacked support.
1t was not, therefore, hope
full market at any time during the
day, and in the late dealings was at its
worst, speculation being decidedly
heavy at the close. Lake Shore sold
down 2& per cent. to 1915. but recov-
cred l. The other most Important losses
on the day are: ST. Paul & Omaha pre-
ferred, 20; do common. /; Pullman and
Louisville. New Albany preferred. 2;
Illinois Central, Canada Southern and
Cotton Oil. 15s; c. c. d st. Louis and
Wheeling IL Lake Erie preferred, ~;
Norfolk & Western. lss; Lead pre-
ferred, ~, and Lead common, Long
Island Traction, Morris & Essex, Balti-
more & Ohio, Chicago Gas. Tobacco and
Cotton Oil preferred, per cent; Evans>
vile d Terre Haute broke per cent.
to 40.
The bond market was weak through
out the day on an active selling move
ment, the transactions aggregating
Sl,07S.500, the Atchison. Reading and
Wabasha mortgages being most promi-
nent in the trading. The principal
changes OH the day are:
Declines-Pacific gold IS, 3; Reading
seconds, ~; Reading IS. 1: Jndinapo-
lis, Decatur u Springfield first trust
receipts and Toledo, Ann Arbor and
Cadillac firsts. 2; Susquehanna Il West.
ern seconds and st. Paul firsts, South.
ern Minnesota division, "; Wabash
seconds, nc; National Starch trsts.
IN; Chesapeake & Ohio K. & A. tirsts
cOnsOls. Colorado Coal IS. Union Ele-
waited frsts. U. S. Cordage tirsts aud
Virginia Midland general So. l.
acknowledgements & Ohio South
ern Is. coupon off. S per cent; Mime
apolis & st. Louis firsts, 4; Toledo, Ann
Arbor tirsts, 23s; Mobile & Ohio new IS
and Alton q Terre Haute dividend
bonds. ~, and New York, Lackawanna
Il Western IS. Northern Pacific collat-
eral trust IS and Wabash debenlures,
Series "B,'L
Total Sales Of Stocks Today
were 2OO,S02 shares, including: Ameri.
can Sugar, 31.600; Burlington, 29. 1900:
Canada Southern, 1900; Chicago Gas,
1000; D., l.. q W., $500; Delaware Il
Hudson, 10000; General Electric, 400:
L. d N, 5000; Manhattan Con-, $500:
New Jersey Central. 2l.SO0; North.
western, 1900; Reading. $500; r. W.
z. certificates, fifth assessment paid.
1900; Rock lslapd.3,SOO; st. Paul, 20
200; Western Union, 1900.