St. Paul daily globe., 1894-07-15
FINANCIAL.
New York.

day, the sales Of only one stock, Sugar,
exceeding 10000 shares, and one other,
Chicago Gas, being above 5000 shares.
During the first hour of business the
trading was generally strong In tone
and higher figures were recorded, the
approaching end of the strike inducing
new investments and causing pro-
nounced movement to cover short con-
tracts over Sunday. During the last
hour of the morning the temperof spec
ulation was heavy owing to sales to
realize profits, many holders of stocks
being desirious of getting out
of the market, not knowing
what the railroad situation may
develop between now and Sunday.
The early improvement was, however.
only partially lost, and in majority OF
cases the closing prices show all ad-
vance on the last figures of yesterday
ranging from J to 2595 per cent, the lat
ter the Delaware, Lackawanna q West
ern, which was in good demand, and
sold up TO 1854, with a final reaction of
per cent. American Cable shows gain
of ~; Pullman, 19s, decline of 1 per
cent from the highest price of the day,
and l.. & N. 1H. Grangers-Rock ISL
and is up u; Northwestern, q; Bur-
lington is unchanged. and ST. Paul is
down Il. Sugar tluctuated within a
limit of II per cent. receding ss, ad-
'vancng N. reacting Is and rallying 3s.
Chicago Gas lost Is at the opening,
sold up II and reacted q. The Minne-
apols & ot. Louis shares were notably
weak, the common breaking 3 and the
preferred 5 per cent on sales OF 800
shares each. The depression in these
stocks was due to conflicting stories as
to the proposed action OF the stock
ing the stock. The statement is author
lied by this committee that while plan
''of reorganization has not yet been
agreed upon, one feature OF the plan
will be tile issue OF one consolidated
and mortgage bond 10 be used in part
for payment OF the equipment and i'm
provement bond and interest, and also
to pay the second mortgage bonds now
due. together with the overdue interest
ION the divisional bonds. 1t is
not unlikely that the stockholders
may be called upon to contrib
ute the money required to pay
some of the claims on the com pany, bat
if5tiIey!are, they will be given, all inter
est-beaFing security for all money adj
yanced. The changes i'll the rest OF the
list were fractional, and the market
closed fairly firm. Notwithstanding the
adverse influences of the strike. the
week closes with prices in the main
above the final quotations of the Satur-
day previous, the more important gains
being: Des Moines IL Fort Dodge pfd,
So; Pullman, s.; Sugar, 4; Sugar pfd,
"a; Delaware & Lackawanna, 3$4;
TUUacco and United States leather ptd,
~; Louisville. q Northwest, 15s; Rock
Island. l5s; st. Paul, u; st. Paul pfd,
~, and General Electric, II. In the
liz 80 Il OF
Tobacco pfd. 24 National Linseed, 3;
Minneapolis 81 st. Louis. 4. and Mime
apolis IL st. Louis pfd, per cent.
The bond market today was generally
strong, anG advances were recorded of
315 per cent in Forta Worth q Denver
City lists, 2 in Seattle, Lake Shore &
Eastern lists, II in Kansas As, and per
cent each in Atlantic & Pacific As. G. h.
d o. 4115s, Oregon Navigation lists, Colo
RADIO Midland general 5s, St. p, NJ. u Nj.
5s, and Union Pacific is, collateral trust
notes. Union Elevated lists declined 21a
and Louisville New Albany 1>ts " per
cent. On the week the principal
changes are:
Declines = Brooklyn Elevated lists.
81; Ohio Southern As, 5; Scioto Valley
and New Englanc As, AZ. and Louis
vile, st. Louis & Fexas lists. 3per cent.
Advances-Galveston H.. 81 L. 5s, 5;
st. Louis Southern lists, ~, Wisconsin
Central lists, 81 per cent.
The Evening Post says: Some be-
lated speculat0rs of few DAYS since for
the short account made a final effort
today to close their contracts, and the
result was further recovery in prices.
The advances were not. however, regu-
larly distributed. In IT. Paul, for in.
stance. and in Sugar certificates shares,
the short interest either was not large
or had made particularly rapid and
prompt retreat; there was little change
or none. But Rock Island, Louisville
and Chicago Gas were marks for con-
tinued buying, and even yesterdays
sellers of DistillIng certificates changed
face OH tOday's market.
The Total Sales or Stocks
today were 54.5l1 shares. Including:
American Sugar. 16, 700; Burlington,
1,SO0; Chicago Gas, $500; Delaware,
Lackawanna & Western, 2.400; Distill-
ing and Cattle Feeding, 1900; General
Electric, 1.600; Louisville & Nashville,
z, 800; Reading, 2.l00; st. Paul, 1900;
Western Union, 2, 1U0.
Si:S SlOckn-CiOslng