St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-07-18
100000
To Loan on ST. Paul Real Es-
tate.
St. Paul Title Insurance ! Trust Co
FINANCIAL.
New York.

NEW YORK. July 1.-THE feature Of
the speculation today was the trading
i'll Sugar and Distiiling, the ouiy other
stock which appeared prominently in
the dealings being Chicago Gas. A
the opening the market was only barely
steady, anu quickly gave way under the
Influence of a selling movement direct
ed first against Chicago Gas, but which
was subsequently directed against Dis
tiIiing, and in less force toward other
shares. Sugar was at this time in good
demand. and moved up g. being held
firm until depressed by reports of
disagreement in the tariff conference
committee, when sales to realize profits.
aided TO selling for the short account.
caused a break of rs, the last being
the lowest price of The day. Consid-
cradle stock was taken all the way
down by brokers--wto generally act for
the inside clique, which gives color to a
belief held i'll some quarters ,that-a
squeeze OF the shorts is in contempla-
ton. The old short interest in the
stock was materially lessened this
morning. considerable borrowed stock
having been returned. Disabling
was the subject OF fierce bear
raid, which was accompanied by un-
favorable reports from Washington re-
gardIng the spirits tax, and from the
East to the effect that the company's
business was falling off. AS result
the stock broke on heavy sales Is before
noon. During the afternoon the press
ure to sell was less pronounced. and
the closing sales was at a recovery of
q, the decline on the day being only "a
per cent. The announcement that the
Chicago common council had granted a
franchise to new gas company brought
out some Chicago Gas stock and induced
short sales of tile shares, with the result
of causing decline of 24. the bottnm
figure being touched in the late dealings
with final rally OF 36c, leaving de-
cline of ~ from yesterday. The gen.
eral market moved irregularly during
the day. and was generally heavy in
the afternoon, closing weak, with
prices pretty evenly divided above and
below the closing of last night. Among
the chief declines are Evansville aud
American Coal, q; Pullman, u; and
Cotton Oil, Consolidated Gas, Lake
Shore. Lead and Minneapolis & st.
Louis common and preferred, each
per cent. Advances were pa in Balti-
more & Ohio, IA in Jersey Central and
East Tennessee second preferred, third
assessment paid. -, X - a.. -. = x.
The bond market was strong through
ont the greater part CT the day, Uut was
shade easier at theaclnse. The princi-
pal changes were: ADMINISTRATION
Pacific sinking funds,14; dor gold skies
collateral trust notes, g; Kansas Pa.
citic cOnsol, pa; Lake Erie IL Western
firsts and seconds. ~; East Tennessee
frstS, Mobile & OHIO tours. Northern
Pacific thirds and Oregon Short Line
SKIES. l.
Declines-Burlingto debenture IS.
81; Tennessee Coal and Iron, Birming-
liam division tirstS, 2, and Central Pa
ciffic 6s of '97, IL per cent.
Wabash debeHtureS sold at % against
- on June Z; Wabash seconds rose l
per cent to "a. reacted to 7l5S and closed
al y. United States Cordage tirsts adj
yanced l per cent to SO and lost the gain.
Missouri, Kansas IL Eastern tirsts
were up 2 per cent to 70, sold down TO
a and closed at T712. Mexican Inter
national tirStS gained l per cent, lost
the Improvement and then moved UP II
The Evening Post says: By far the
most extraordinary fact in the history
of this seasons security prices has been
their slight variation. from common
level. Ii will be found on comparison
that the average price OF the markets.
active stocks was almost the same al
the opening of June as it was at the
opening of May. and that the ruling
luyel now is substantially where it was
in May.
'The Total Sales or stocks
today were 10000 shares. including
American Sugar. 1890; Burlington,
7,7O0; Chicago Gas, $4,000; Distiiilng,
$4,000; Reading, $500; st. Paul, 4, 500.