St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-07-06
100000
To Loan on st. Paul Real Es-
tate
81. Paul Title Insurance ! Trust Co
FINANCIAL.
New York,

NEW YORK. July 5.-London was a
large factor in the share speculation to-
day, the strength of the market for
American securities in thar city and the
good buying for the foreign account on
the exchange here creating a healthy
tone and imparting confidence to the
trading. While there was very little of
comfort in the general press dispatches
as TO the termination of the strike, the
street had private advice which gave
much announcement, and the buying
OF the railway list was based on a be-
lief that the beginning of the END of
the strike was near at hand. The deal
lngS were not, however, large, as, de-
spite the very general feeling that the
strikers would have to give in, there
was no desire to accumulate heavy lines
under existing circumstances. There
was perhaps more covering of short
contracts than purchasing for the long
account. but London houses gathered in
some gOod-siZed blocks of st. Paul, and
small lots of Louisville d Nashville,
Atchison ana Missouri Pacific At the
opening the market was strong and
prices generally showed advances on
was an exception, and under the iut1u-
ence OF selling movement declined
steadily all day. with only all occasional
SilSnt recovery, and closing at the low
est point touched, per cent below Tues
days tinal sales. Houses with Washing
ton connections were among the heay-
lest sellers OF the shares, tile depression
there being due mainly to the lacking
onto the tariff bill of an amendment
prohibiting trusts from importing mer-
chandlse or produce. 1t was rumored
That determined effort would be made
IN the house by the antitrust party TO
cut the protective clause of The sugar
schedule. The general market was not
affected in the early dealings by the
weakness OF Sugar. but moved upward
an additional fraction. Baltimore 81
Ohio being notably strong and advanc-
Ing per cent on sales OF 100 shares.
Pullman broke 29s OH sales of a 200
share lot. The trading, while light in
volume, and with the exception of
decline OF i per cent in Lead preferred,
narrow as TO fluctuations, was firm in
tone up To O'Clock, upon which Pull
man recovered l per cent of its early
loss. In The last hour of business The
speculation was weak, and prices re.
acted 969s except for Pullman, which
regaIned an additional l per cent. At
the close the tone of the market was
rather easier, but a majority of the
shares traded i'll show all improvement
ranging from q to e. Railroad bonds
were dull, but generally firm, the I'M
portant changes, which were few, be-
ing:
Advances-Northwest sinking fund
| 6s, 2; st. Louis d. San Francisco general
6S and Union Pacific sinking fund IS.
per cent.
Decentralization 81 Great
Nosthern frsts, coupon off, ~ per
| cent.
The Evening Post says: Expectation
that the Western laborers' revolt against
| the business community would end be.
| tore today was disappointed. But proofs
that our government has both the will
and power 10 protect its citizens against
lhsurrectlon have meantime multiplied.
As this display OF prompt resolution in
repression OF anarchy and Industrial
| conspiracy is momentOuS incident in
| our governments History, so the pres
ent course OF prices is a Incompatible
I chapter III the market. What is per
laps most noteworthy is the immediate
recognition by foreign investors of the
reassuring turn in events.
The Total Sales or Stocks
today were 106,665 shares, including:
American Sugar. 6,4O0; Burlington.
| 400; Chicago Gas, $500; Rand w. P.
| certificates fourth assessment paid.
5000; st. Paul. $500.