St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-10-26
FINANCIAL
New York.

NEW York. Oct. 25.-Although the
transactions Oh the stock exchange to-
day were a trifle larger than yester-
day, the trading was dull and uninter-
esting. except in the coal stocks. which
was unusually active and heavy, owing
to alleged friction among the several
companies and reported overproduc tion.
This led to brisk selling during the
morning, which resulted in a decline Of
per cent in Delaware d Hudson, 80 in
New Jersey Central, 31S in Delaware.
Lackawanna & Western and l III
Reading. On the announcement of the
advance i'll prices scheduled by he
sales agents, a recovery of 24 was
made in Delaware 81 Hudson. in New
Jersey Central, "a in Delaware & Lacks
awanna. and "a in Reading. In the
later dealings the bears returned The
attack, putting out the claim that the
output is unrestricted, DESTROYS any
benefit that might accrue to the coal
trade by the advance in rates. A reac-
ton of 2 per cent in New Jersey Central
followed the raid. the other coalers
named receding 4@34, and Susquehan
ma Il Western selling off l per cent to a.
The general market opened fairly firm,
but the short interest taking advantage
of the depression in the coalers sold
down the leading shares and some of
the Specialties. as we'll as causing de-
cline which was not checked until near
ly to the bottom. the losses ranging
from 4 to 25l, and being most
marked i'll Wheeling Il Lake Erie pre-
ferred. Lake Shore and Cotton Oil.
After midday speculation became firmer
in tone, and the tendency, except in a
few instances, was upward to the close,
when a recovery of 1s@1I had been
recorded. the latter in Lake Shore. In
the final dealings some few stocks fell
off a small fraction. but the general tone
of speculation was tirmer at the close.
Compared with yesterdays final figures
prices are in the main lower. the more
important declines being New Jersey
Central, 81: Delaware IL Hudson, 81;
Wheeling d Lake Erie, ~: Delaware
Il Lackawana. 2; Reading, Susquehanna
q Western and Colorado Fuel and
Iron, L; New York Central ana Lake
and Northwest, G. c. c. & st. L.. ST.
Paul q Omaha and Cordage, "a. Among
the few stocks which show advances
on the day are Pittsburg d Western
preferred. ~; Cotton Oil preferred
and Laclede Gas preferred. l; Rock
Island, Hooking Valley, Tobacco and
Lead preferred. y, and st. Paul, a;
Burlington, Atkinson, Distilllng and
Missouri Pacific are unchanged. New
Jersey Central was offered at 1O2, SELL
er 60, and sold at 1929, seller 80 at the
close, against l044 regular.
The bond market was heavy in the
early trading in sympathy with the
share speculation. In the late session
general recovery was made, the mar
ket closing in good tone. The sales for
the day were $923.O0O. The more i'm :
portant changes are as follows:
Advances-St. Paul d Minnesota
frsts and st. Louis & San Francisco
cons0l Is. 81; Chicago, St.Louis q New
Orleans IS registered and Northwest
sinking fund IS registered. 8; Minne-
apoils & st. Louis. Pacific extension
firsts. 215; Iowa d Western firsts. 9;
Ohio Southern firsts. ~; Southern Pa
cifc of California consol IS. ". and
Louisville q Nashville, E.. H. IL n.
firsts and Scioto Valley & New Eng
land firsts, l. =
Declines-Oregon Navigation IS trust
receipts. 215: Erie second consol trust
receipts, ~; Louisville N. A. consol Is.
u, and Missouri Pacific consol Is aud
Ohio Southern 6s. l.