St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-25
FINANCIAL.
New York.

NEW YORK, Jan. 24.-The share spec
ulation today was fairly active and was
attended by no excitement. even in the
sugar pooi. The main tendency of
prices was upward, AMI although there
were reactions, they were followed by
recoverieS, and at no time was the pres
sure to sell very heavy, a strong tone
characterizlng the dealings in the
grangers. st. Paul was in good demand
early Ill the day on rumorS that the
earnings in the third week in Jan
uarv would show a smaller percentage
of decrease than for any week since the
break began, and later when the figures
were published. which gave the decrease
Sll6,5S7, or 1871 per cent against an
average decrease of % per cent in De-
cember, and 271a for the first week in
January, there was pretty
general covering of shorts in
these stocks, and also buying for
the long account, which, especially in
the later dealings. caused an appreeia-
ton In values. London was a buyer of
st. Paul. and also took small lots of
AtehiSon, Louisville & Nashville and
Union Pacific. Although most active
OF the list, the transactions III Sugar
were less than half the amount of yes
terday's sales. General ruin of AIneri-
can sugar interests was the burden of
the talk on the exchange as the natural
consequence of free sugar, but all the
same there was a vigorous covering of
shorts, and at each reaction buying or.
derS appeared III sufficient numbers to
keep the shares from SlumpIng off, and
the final figures actually showed a gain
of q per cent. The preferred stock
closed at 81, as on YESTERDAY,
having huctuated between S115 and
o04. Reports of probable trouble
at the Schenectady works of
the General Electric company, by rea-
son OF the alleged failure OF the CON-
pany to live up to its agreement with
The men. induced sales of the shares,
causing decline of q per cent at the
FIRST board, Boston being the heaviest
seller. When the selling movement
subsidized the stock recovered, on very
small purchases, closing at the highest
of the day-l4 per cent above the bot
tom figures. Tennessee Coal and Iron
preferred sold up to %. an advance of
per cent in the face of reports that at
the directors meeting to be held next
month dividend will not be declared,
although earned, as measure of safety.
Western Union declined % per cent in
the early trading, but quickly rallied,
selling up 17s per cent, of which Is was
lost in the final sales. The buying in
this stock was good, and was assisted
by reports that the prevailing mild
weather resulted in reduced operating
expenses. Outside of the shares named,
the dealings were very light, and the
speculation unimportant, except for
a decline OF per cent in
Rub Der preferred and 3 per
cent in the common on sales of 100, and
800 shares, respectively. The principal
activity was in the afternoon, during
the greater portion of which the market
advanced. the final dealings and the
closing being strong in tone, and most
Of the list showing an advance on the
last sales of yesterday, the range being
4@1I in the active stocks. The grang-
ers, Lead, Lake Shore. Evansville &
Terre Haute are each up per cent, and
Rome. Watertown u Ogdensburg III.
Rens selaer q Saratoga sold at ITS
against 100 the previous sale. Manhat-