St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-10-28
FINANCIAL.
New York.

NEW YORK. Oct. 27.-Interest in spec
ulatlon On the stock exchange today was
conferred almost entirely in the coal
shares, which were subjected to heavy
pressure in continuation of the bear
campaign against this group. The SELL
ing in New Jersey Central was heaviest,
but Delaware & Lackawanna made the
greatest decline, while Reading was
comparatively we'll held. Board room
trade was very bearish indeed on New
Jersey Central, the decrease in earnings
compared with last year being pointed
out as re son for bringing the stock
down to lower level. The decline in
the shares began right at the opening
and continued to near the close, at
which time Delaware & Lackawanna
had lost 61s, Delaware & Hudson
21a and New Jersey Central AZ.
Reading advanced g. lost the i'm
provement and rallied Is. Rccoveries
were made in the finals, a Lackawanna,
q in New jersey Central, leaving the
losses on the day 50 and AZ per cent
respectively. The general market
opened dull and fairly steady, but the
depression i'll the coalers was quickly
communicated to the others of the list
and prices sagged off. Northwest was
raided by the shorts and gave way 1sS,
closing within Is of the lowest. The
break in Northwest was accompanied
by rumors that scaling of the dividend
rate would have to be made, owing to
decreased earnings, which were. how
ever, semi officially denied. The move
ment i'll the other grangers was
tr.tA oE
in each from yesterdays closing.
Louisville d Nashville was sold by
London and the room traders, and de-
clined II without rally. c., c.. c. &
st. L., st. Paul, Minneapolis & Mani.
tOba and Pittsburg, e. e. & st. Louis
shows losses of l per cent each. Hook
ing Coal ~. ana the general list 7s9%,
except some half dozen stocks. which
made gains of 1s@1a. The bank state.
ment was regarded as unfavOrable, as
rejecting a congested money market
and contraction of business, and the
share speculation was somewhat weak
ened thereby and closed heavy. The
past week has been one of the dullest
in the history of the stock exchange, the
total transactions for the week being
1872, 900 shares, which amount of bust
ness is only equal to single days
III the first half of the week specula.
ton was stagnant, but for the past two
days a bear demonstration against the
cooal stocks has impaired interest to the
trading. With very few exceptions the
stocks dealt in show losses ON the week,
the coalers leading the decline, as fol-
lows:
The bond market was generally firm,
except in the final dealings. when there
were fractional receSsions in sympathy
with the weakness in the share market.
The transactions aggregated s676. 900.
AS result of the trading fractional de-
clines were established in most of the
issues dealt III, while advances were
made of ~ in Wisconsin Central and l
in Alton & Terre Haute divisional
bonds, Northwest debenture IS of 1921
and st. Paul, Minneapolis 81 Manitoba
seconds. The bond market during the
week has been in the main firm, in con-
trast with the share speculation, the
| trading being fairly active, the total
sales reaching the sum of IS, lS9, 600.
| Prices at the close are generally higher
than those of the Saturday previous, the
| principal advances being:
Cedar Rapids. Iowa Falls 6 North
western 6s. 5 per cent; Iowa City &
| Western firsts. Union Pacific gold 6s. 4
per cent; Wabash seconds. 81; st. Paul
q Minneapolis frsts, 21s; Northwest
sinking fund s. registered, debenture
IS and Chicago, st. Louis & New Or
leans IS registered. 3; Kanawha &
Michigan firsts. 2%; Minneapolis & st.
Louis, Pacific extension firsts and Ohio
Southern As, ~, and Ohio Southern
firsts, ~. St. Louis & San Francisco
consol As, which scored a decline of II
per cent last week, evinced strength
during the dealings this week and raj
lied So per cent.
Declinss-W abash debentures, series
3. s; G., G., q. d st. Louis, 81. Louis