St. Paul daily globe., 1894-10-01
MONEY TO LOAN
:r On Real Estate Security.
FAVORABLE TERMS
E. w. PEET & SON
Mani attain Building.
FIN ANCIAL.
N eW 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
as to the future course of share values.
The trading was almost entirely done
by room traders who were desirous 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, aud 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 S955s. At about 80 the shorts started
in to cover, and thei. purchases resulted
in recovery of e per cent. The higher
figures were. however, maintained but
for a very short time, an d OH renewal
of the selling the stock broke ~ to
SS34. within Il of the low point of the
week. In the final dealing q rally of q
was made, limiting the days loss to 5 "a.
A report was put In circulation late last
evening which appeared in one of the
morning papers, setting forth that the
opposition company to the Chicago Gas
company raised 81. oOo,00 in this city to
help it fight the Chicago Gas company.
The story was canard given out to
hold the stock while bear clique GOV.
cred its shorts. and the rumor did have
the effect of sending the stock down
fraction after it had opened "a higher,
the loss, however. being orly 4 per
cent. The covering movement was
quite pronounced and continued to the
close, which was at the best of the day
and " above yesterdays final close
st. Paul was fairly well held until near
the close, when it gave way to the ex-
tent of "a, closing & better. Burling-
ton rose 4 and receded %, losing p on
the day. Northwest is down q and
Rock Island Is. Disabling. on small
selling. declined 4. In the rest of the
list the dealings were very light, and,
except in those of the specialties, the
changes on the day are in the main
fractional. Louisville & New Albany
preferred and Minneapo oils & st. Louis
preferred are down x. and Pittsburg,
Cincinnati. Chicago q ST. Louis 1. AT
the close the market was generally
fairly steady.
On the week the speculation has been
very unsettled and the movement of
values have depreciated, and the last
prices made were mainly at decline
from the closing figures of last Satur-
day. The more important losses: Sugar,
IL: do preferred, ~; Consolidated
Gas, AZ; Reading and Tobacco, 80; do
preferred, 21a; Erie preferred, 2$I:
Burlington. 25s; Cordage preferred and
Cotton Oil, 21a; do preferred, 2; New
England and Metropolitan Traction,
2S; Distilling and Western Union, 2;
Lake Shore, IA; Northwest, 13s; Gen
eral Electric. "a; Chicago Gas. l11s, and
Rock Island g.
on the weeks transactions, including
st. Paul & Duluth and Rome, Water.
town Il OgdensDurg. 4; Alton IL Terre
Haute, 3; Central Pacific. ~. and
Edison Electric, of Brooklyn, 2.
The bond market was irregular today
on small volume of business. the total
sales reaching only S457.000. 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 per cent, and st.
Paul Il Omaha cOnsols, Milwaukee.
1IohO OuVlC " w CotCIu Hiotos MlCAisuu
division, aud Erie second consols, trust
receipts, l.
Declines-Louisville & New Albany
consols. 211a, 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 fOurs and preferences
were thrown on the market which forced
prices down aud 0RnAed losses OF per