St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-07-28
FISANCEAI.
New York.

NEW YORK. july 27.-The chief event
i'll speculative circles today was the
passing of the dIvidead on VI heeling 81
Lake Erie preferred. The shares,
which had been very heavy during the
week, fell "a 10 5215 on the announce
ment, but only SO0 shares were brought
out. At the lower range of figures the
stock was we'll supported and advanced
steadily during the rest of the dav.
closing at 80, recovery of %. Another
event OF the day was the arrest of the
publisher of small financial news
paper. charged with criminal libel in
having published an article stating that
a reeeivership for the American Distiii-
ing company was probable. President
Greenhut, OF the company. who Saused
the arrest, denies that there is any
foundation for the report, saying
that the company has no debts
and has fulfilled all its re-
bate agreements. The report had no
Influence on the speculation in the
stock, which rose q IN the early deal
ings, subsequently, along with the rest
OF the market, receding l per cent. Dur
ing the afternoon the dealings in the
shares were very light, but the tendency
was upward, and the last sale was at a
recovery of n and Is above the closing
=
vices from Washington being construed
fayorably TO compromise on the sugar
schedule, the stock OF the Sugar Gem
pany was sold down q, but on fairly
good buying. considerable of which was
SAID 10 he on Washington orders, quick
rally was effected, and the shares
moved up steadily until gain of
rs had been made to lo3s6.
In the later dealings a reaction of il
took place, followed by a recovery
which at the close reached q, making
gain of u on the day. Reports of
damage to the grain crop and conse.
Quent rumors that the dividends for the
current quarter would be scaled. if dee
clafed at all, caused raid on ST. Paul,
Burlington d Quincy and Rock Island,
| which, however, resulted only in frac-
tional losses, except for Burlington. on
Which the pressure to sell was most
| pronounced. This stock receded q in
| the cary dealings, advanced 4, and then
! fell off 11s to 1875, closing at the
| bottom figures; 1000 shares seller
sixty days were sold at 73L and
70, against T44@74 regular, which
| meant that the sellers counted on the
| passing OF the dividend. Chicago Gas
was practically neglected. ductuating
between Az and 1873 and closing at the
| latter figure, e above yesterday. At
the close the market was steadv. and
! prices were about evenly divided be-
tween declines and advances. Iowa
Central shows less Of IL, Lead pre-
! ferred II and Consolidated Gas 3. while
Minneapolis & st. Louis advanced 2X.
Tobacco preferred 2. and Pullman
coach l.
The bond market was Irregular dur
| INK during the early part of the dav.
| bnt closed srmer. The leading changes
are: Burlington d Quincy
debenture IS. ~; Cedar Falls d Min
nesota lists. 9; ST. Joe & Grand Island
lists. "A; Denver & Rio Graude As. TX:
and Omaha 4 ST. Louis lists. l per cent
| Declines-Union Pacific, Denver &
Gulf lists, rs; Little Rock & Memphis
lists, 2, Austin s. Northwestern lsts.
| N. and Mobile & Ohio new IS, per
cent. Louisville Il Nashville, Southern
il Northern Alabama gid. IS sold at
SIS against &c on June 26.
| The Toia5 Sales or stock.
today were 77.ss1 shares, including:
| American Sugar. %, 800; Burlington
II Quincy. 900; Cbicago Gas, 8. 100: Dis
siliers eAd Feeding. g.4U0; ST. Paul.
$500.