St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-09-20
FINANCIAL.
New York.

NEW YORK, sept. l9.-Ihe Specu-
lation today was generally firm On a
| moderate volume of cuisines s, the only
stock which showed decline of more
than fraction on the days transactions
being New Jersey Central, which is
down l15. The other losses were only
fractional, were few in number and in
cuded no active stock except Chicago
Gas, the decline in which is but X.
There was fairly good buying for the
London account. chiefly in st. Paul, and
| the improvement in American securities
on the London exchange helped to
strengthen the market. Another fac
to- of the advance in the railway list
was a report of probable favorable
| action by the Iowa railway commits
sion on the application for more
! liberal schedules. This induced pur.
chases of the Granger stocks, both for
the long account and to cover short
contracts. A large proportion of the
purchases of Burlington & Quincy was
by Boston houses, and there were
evidences of the formation of bull pool
in the Changers. Sugar was bought at
the opening by the room traders in the
belief that recovery was due after the
recent heavy decline, and an advance of
per cent was effected. The higher
figures Brought out heavy blocks of the
stock, which led to break of ~ per
cent, TO 9511s, at which point supporting
orders were received. causing rally to
96s4. In the late dealings the stock be-
came feverish, reacting to 951 recovering
to 965s and closing at 81, Just even OH
the day; the preferred shares made an
advance of "a per cent. AT the OPEN
ing, Chicago Gas was strong and made
gain of "a, but quickly gave way
under selling, declining lS per cent.
The depression was brief, and before
noon the stock had moved up 1ss, to 60.
During the afternoon the shares de-
clined steadily, becoming especially
heavy In the late dealings and closing
at a decline of II per cent from the
best price of the day. 1t was not known.
except to some insiders until after 3
o'clock that a receiver had been aD-
Piled for for the Chicago Gas COM
pany tho by trst corporations p0G sompTs
order ord ' asked ui to prevent prev the eS Fdeiiy
Trust company, of Philadelphia, from
acting for the trust, but the late selling
was undoubtedly by persons who had
knowledge of the facts. In the dispatch
announcing the application the grounds
therefor are not stated, and hence
it is not possible to weigh the
importance of the action to the
company's stock. Distijling, after
opening q higher. fell off q on the an.
nouncement of formation of distrib-
uting company to dispose of the product
of the independent distillers. The effect
of this piece of news was evanescent,
and full recovery was made, the last
price being the highest of the day and
Is above yesterdays. In the late deal.
Jugs the market generally was IN good
u M yly0O
firm. The more important advances on
the day are Louisville u New Albany
preferred, 2a; New England, IL;
Northern Pacific preferred. N; Louis
vile & Nashville, l1s: Morris & Essex,
X; Toledo, Ann Arbor u Michigan,
Denver d Rio Grande preferred and
Colorado Coal, per cent. The Changers
show gains of 1s@l per cent, the latter
in Burlington u Quincy. -
The bond market was firm through
out the day and fairly active, the sales
aggregating 1891 ZOO. Reading Is led in
the transactions. and nearly all the
ing: Syracuse, Binghamton Il New
York firsts, 3 per cent; Grand Rapids !,
Indiana AIS. 2; Louisville d Nashville
preferred firsts. and New York, Chi
cago &, st. Louis IS registered. "; Wa
bash seconds, 1a5; Eastern Tennessee
consol fives, ~; do convertibles. Atct-.
ison seconds, st. Louis & San Francisco
general 6s, and Northern Pacific thirds.
per cent.
Declnes-Peoria & Eastern firsts,
and Northern Pacific Terminal frsts, e
per cent, and Illinois Central As, OF 1851,
l per cent.
The Total Sales of Stocks
today were 1s4,455 shares. including:
American Sugar, $1,000; Burlington.
500; Chicago Gas, $4,000; Distiilers.
1900; laclede Gas, 100; Louisville Il
Nashville. $500; Reading, $500; 81.
Paul, 2l,800; w. u, 1000.